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November 06, 2026
Norway's central bank announced Friday that KPMG LLP has agreed to pay $224.5 million to settle a class action in California federal court accusing it of ignoring red flags in auditing Silicon Valley Bank, which collapsed in 2023.
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November 06, 2026
A Connecticut bankruptcy judge has approved a deal splitting rights to millions in assets between convicted Chinese securities fraudster Miles Guo's Chapter 11 trustee and federal prosecutors, with roughly $153 million in cash recoveries plus half of the sale proceeds from a New Jersey mansion headed to the bankruptcy estate.
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November 06, 2026
Kansas City Chiefs player Rashee Rice has filed for Chapter 7 in Texas bankruptcy court while facing a domestic abuse lawsuit by a former girlfriend.
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November 06, 2026
A team of prominent mergers and acquisitions partners at Weil Gotshal & Manges LLP, including the attorney who chaired its 600-attorney corporate department, joined Cravath Swaine & Moore LLP on Friday, according to a source with knowledge of the departures. That person requested anonymity to discuss information that had not been publicly confirmed by Cravath.
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November 06, 2026
A California federal judge has dismissed a business owner's sprawling Racketeer Influenced and Corrupt Organizations Act suit against his former business partner after the company went too long without an attorney representing it.
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November 06, 2026
The U.S. Supreme Court agreed to take up a case involving a Fourth Circuit decision that denied an attempt by Goldman Sachs to arbitrate disputes with two debtors in bankruptcy over alleged violations of the automatic stay.
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November 06, 2026
The past week in London has seen Samsung sue Petrofac and its administrators, building materials giant Kingspan hit with two financial list claims by dozens of institutional investors, and Boehringer Ingelheim file a patent claim against fellow pharmaceutical company Sandoz amid ongoing conflict surrounding its empagliflozin type 2 diabetes drug.
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November 06, 2026
Kirkland & Ellis LLP announced Friday the addition of 40 attorneys from Weil Gotshal & Manges LLP, including the private equity practice co-leader who was once set to lead the firm.
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November 05, 2026
LIV Golf is shutting down its plan to reorganize after one of its debtor-in-possession lenders backed out of its pledge to contribute $300 million toward its reorganization, the troubled men's professional golf league told a New Jersey bankruptcy judge on Thursday.
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November 05, 2026
The Delaware Chancery Court on Thursday declined to revise rulings in a yearslong dispute over a distressed credit fund's records and more than $9 million of withheld cash, disagreeing with arguments that the fund's former managers and controllers had been improperly swept into the orders.
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November 05, 2026
A New Jersey bankruptcy judge said Thursday he will need to see more evidence to resolve an "ambiguity" over whether class action privacy claims against genetic testing company Invitae Corp. belong in his court.
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November 05, 2026
A Pennsylvania federal bankruptcy judge had qualms Thursday about plans to wind down the last two restaurants in the formerly regional Kings Family Restaurant chain, worrying the involuntary bankruptcy was driven by lawyers seeking to collect fees from an unpaid wages suit rather than current and former employees.
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November 05, 2026
A commercial tower landlord has asked the Federal Communications Commission for clarification or a waiver of agency rules governing a trust that EchoStar must use to repay companies related to its bankruptcy case.
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November 05, 2026
A Delaware bankruptcy judge Thursday gave fitness business FitLab Inc. interim permission to take out $2.5 million in Chapter 11 financing after hearing the company will be seeking to sell off its assets.
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November 04, 2026
A Texas bankruptcy judge said Wednesday that he would allow health-focused restaurant chain True Food Kitchen to borrow another $2 million to fund its Chapter 11 case and pay employees.
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November 04, 2026
The daughter of Chinese exile Miles Guo said that the Chapter 11 trustee who controls her father's bankruptcy estate is conflating two separate sections of the Bankruptcy Code, and she again urged the U.S. Supreme Court to resolve an alleged circuit split and reverse orders that placed $23 million in yacht sale proceeds plus a $37 million escrow into her father's estate.
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November 04, 2026
A union representing flight crew members for SkyWest Airlines has asked a New York bankruptcy court for permission to intervene in the Chapter 11 case of budget airline owner Spirit Aviation Holdings so that it can submit a statement opposing a sale of data to Google.
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November 04, 2026
WeAre8, a social media platform that uses artificial intelligence to moderate content, has filed for Chapter 11 protection in Delaware with more than $32 million in funded debt and plans to sell all its assets.
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November 04, 2026
A Delaware bankruptcy judge has given West Virginia coal plant operator Omnis Pleasants the go-ahead to accept an approximately $353 million baseline bid for its assets in an auction to be held next week.
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November 03, 2026
Fourteen states, a U.S. senator from Missouri and others are urging the U.S. Supreme Court to reverse a Second Circuit decision overturning a New York judge's $16 billion judgment against Argentina in a case that arose from its nationalization of YPF SA, the country's largest oil and gas exploration company.
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November 03, 2026
A Washington state judge has agreed to freeze a lawsuit accusing law firm Ashurst Perkins Coie of aiding and abetting a nearly $230 million Ponzi scheme, ordering the King County Superior Court litigation be put on hold pending an outcome in a related bankruptcy dispute.
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November 03, 2026
The country's largest Outback Steakhouse franchisee received approval Tuesday from a Delaware bankruptcy judge to access part of a $5.5 million Chapter 11 loan so that it can meet an upcoming payroll obligation and keep food and liquor flowing to its restaurants over the next few weeks.
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November 03, 2026
A legacy unit of defunct tire maker Uniroyal received confirmation of its Chapter 11 plan Tuesday from a New Jersey bankruptcy judge, who overruled an objection from U.S. Trustee's Office to the proposal's opt-out mechanism for obtaining support for third-party releases.
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November 03, 2026
A federal judge Tuesday said he was not inclined to rule just yet on a motion to compel documents and other discovery material related to the closure and attempted renaming of the John F. Kennedy Center for the Performing Arts, citing an impending briefing from the government due Friday.
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November 03, 2026
A prominent co-leader of the real estate practice at Weil Gotshal & Manges LLP is joining Goodwin Procter LLP as his former firm begins to wind down operations, according to a Tuesday announcement.