Bankruptcy

  • September 15, 2026

    AirBaltic Gets OK To Tap $162M In Ch. 11 Financing

    A New York bankruptcy judge Tuesday gave Latvian carrier airBaltic permission to draw on nearly $162 million in Chapter 11 financing, overruling the objections of bondholders who argued they were facing loss of value of their collateral.

  • September 15, 2026

    Judge To OK $581M Genesis Ch. 11 Settlement

    A Texas bankruptcy judge on Tuesday agreed to approve a settlement valued at $581 million between nursing home operator Genesis Healthcare and its creditors, allowing the debtor to clear another hurdle on its path out of Chapter 11.

  • September 15, 2026

    Ex-Practical Law Content Lead Joins Brithem As Partner

    Brithem LLP has announced the hiring of Jordanna Nadritch, who previously worked at Thomson Reuters' Practical Law, as a partner charged with leading its artificial intelligence initiatives.

  • September 14, 2026

    Global Wound Care Settles $1.5B FCA Claims For $525M

    Bankrupt specialty medical practice Global Wound Care has agreed to pay up to $525 million to the federal government to resolve False Claims Act claims with a price tag of $1.5 billion, part of a settlement it said "provides the only viable pathway" to resolution and moving forward with a reorganization.

  • September 14, 2026

    Cumulus Tells 2nd Circ. Even Brief Stay Of Nielsen Order Is Bad

    Cumulus Media says it's going to be irreparably harmed if the Second Circuit doesn't lift the administrative stay it put in place stopping a preliminary injunction that Nielsen is challenging for the second time from going into effect while the appellate court looks at the matter.

  • September 14, 2026

    Kennedy Center Says Only Trump Name Can Avert Bankruptcy

    The board of trustees of The John F. Kennedy Center for the Performing Arts intends to vote Tuesday on a pair of resolutions that say the facility is facing bankruptcy "within weeks" without fundraising efforts from President Donald J. Trump, which the documents say would probably only come if the center reapplies his name to the building.

  • September 14, 2026

    Detroit, Firefighters Union Win Seniority Appeal

    The city of Detroit and its firefighters union have defeated the remaining claims of two firefighters who challenged their treatment after returning from disability retirement, with a Michigan state appeals court finding their claims either conflicted with seniority rules adopted during the city's bankruptcy or lacked sufficient support.

  • September 14, 2026

    Desktop Metal Noteholders Hit Nano With $115M Fraud Suit

    Twenty investment funds sued digital manufacturing company Nano Dimension Ltd. and another entity, alleging the two committed fraud when Nano merged with 3D printing defense contractor Desktop Metal and pushed the subsidiary into bankruptcy to dodge $115 million in debt.

  • September 14, 2026

    Foley Hoag Grows Debt Finance Team With New Co-Chair

    An attorney who built her debt finance practice for more than 26 years at Goodwin Procter LLP has recently joined Foley Hoag LLP's Boston office, where she has been selected to co-lead the firm's debt finance team.

  • September 14, 2026

    Carlton Fields Pushes To Demand Fees In Miss America Fight

    Carlton Fields has urged a Florida federal court to adopt a magistrate judge's recommendation that the firm be allowed to intervene in a dispute involving its charging lien for unpaid legal fees in a $500 million dispute over the ownership of the Miss America competition.

  • September 14, 2026

    Latvian Carrier AirBaltic Hits Ch. 11 After COVID, War Shocks

    Latvian carrier airBaltic filed for Chapter 11 bankruptcy protection in New York on Monday, citing liabilities of more than $1 billion, after years of financial strain from the COVID-19 pandemic, Russia's invasion of Ukraine and a sharp increase in jet fuel prices following the outbreak of the Iran-U.S. conflict in early 2026.

  • September 11, 2026

    Bongino Disavows Inside Knowledge On Parler Ouster

    Former deputy FBI director Dan Bongino testified Friday that he was not privy to decisions leading to social media company Parler's 2021 ouster of its CEO, but he was pressed over having seen a draft of the document revision that supposedly allowed the CEO's 40% interest to be confiscated.

  • September 11, 2026

    BurgerFi Trustee Says Insiders Sank Chain With $161M Deal

    BurgerFi International Inc.'s liquidating trustee has sued former company brass and financial advisers, alleging they pushed through the $161 million acquisition of Anthony's Coal Fired Pizza that immediately rendered the company insolvent.

  • September 11, 2026

    Ex-CEO Of AI Recruitment Co. Cops To $27M Investor Fraud

    The former CEO of bankrupt artificial intelligence-powered staffing firm Joonko Diversity on Friday entered a guilty plea to charges that she defrauded investors out of $27 million using forged financial documents and lying about the company's customers.

  • September 11, 2026

    Minnesota Vikings Seek Payment In Sleep Number Ch. 11

    An affiliate of the Minnesota Vikings has asked a New York bankruptcy judge to require Sleep Number to pay more than $313,000 that the NFL team says the mattress company owes under a sponsorship agreement.

  • September 11, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Pogust Goodhead embroiled in a legal dispute with claimants in the Mariana dam litigation, and be sued by a barrister who represented it during the case, and Mexican broadcaster TV Azteca file commercial fraud claims against Barclays and Metro Bank.

  • September 10, 2026

    JPMorgan Aided Ex-Atty Kossoff's $18.5M Theft, Trustee Says

    The Chapter 7 trustee representing bankrupt firm Kossoff PLLC on Wednesday sued JPMorgan Chase Bank NA, claiming the bank helped the firm's principal steal at least $18.5 million from clients, and it "should be made to account."

  • September 10, 2026

    Lima Seeks Vacatur Of Toll Road Award In Long-Running Feud

    The capital of Peru asked a D.C. federal court Thursday to vacate an arbitral award favoring an embattled contractor in a bitter dispute over a toll highway project, saying the tribunal ignored relevant domestic law and improperly maintained its own jurisdiction.

  • September 10, 2026

    Bankman-Fried Asks Justices To Review His Fraud Conviction

    Incarcerated FTX founder Sam Bankman-Fried urged the U.S. Supreme Court on Thursday to review the Second Circuit's decision affirming his fraud conviction and $11 billion forfeiture order, saying now is the time to resolve whether evidence of fraud victims' losses belongs in fraudulent-inducement prosecutions and whether his "crushing fine" is constitutional.

  • September 10, 2026

    Nielsen Tells 2nd Circ. Court Altered Terms Of Cumulus Order

    Nielsen is headed back to the Second Circuit after a New York federal court changed the terms of a preliminary injunction that the appellate court had already upheld, the company said, requiring Nielsen to not only unbundle its national radio ratings data from its local offerings but also to provide that data on specific terms.

  • September 10, 2026

    Yellow Corp.'s Ch. 11 Agreements With Pension Funds Approved

    A Delaware bankruptcy judge has approved agreements between former trucking giant Yellow Corp.'s liquidating trust and certain pension funds totaling $525.9 million, resolving withdrawal liability claims and adding to an earlier batch of settlements approved in the company's Chapter 11 case.

  • September 10, 2026

    Fulcrum Trust Wants To Claw Back $13.5M Insider Payments

    The liquidation trust for defunct fuel-to-waste refiner Fulcrum is asking a Delaware bankruptcy judge to allow it to recover $13.5 million in payments that the trust says were made to company insiders while the company was sliding into bankruptcy.

  • September 10, 2026

    Fla. Fiber Infrastructure Co. Files Ch. 7 With Over $100M Debt

    Florida-based telecom infrastructure developer Full Circle Fiber has filed for Chapter 7 liquidation in Delaware bankruptcy court with under $10 million in assets and $100 million to $500 million in liabilities.

  • September 10, 2026

    Solar Farms Owner Hits Ch. 11 With More Than $100M Debt

    PGR Lessee I and 18 affiliates that operate solar farm projects in Rhode Island, North Carolina and South Carolina filed for bankruptcy protection in Texas, estimating up to $500 million in liabilities.

  • September 09, 2026

    Ex-Nikola CEO's Pardon Doesn't Let Him Beat Investor Suit

    The presidential pardon Nikola founder Trevor Milton received for his criminal conviction on securities fraud charges does not bar him from facing similar civil claims alleging he and the electric-vehicle startup exaggerated the viability of the company's prospects, an Arizona federal judge ruled.

Expert Analysis

  • Opinion

    AI Doc Ruling Got Privilege Analysis Wrong

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    Broad reasoning used by a New York federal judge in U.S. v. Heppner — to determine the criminal defendant's interactions with a generative artificial intelligence platform were not protected — mistakenly treats AI use as dispositive disclosure to a third party and adopts an unduly narrow conception of work product, say attorneys at Lankler Siffert.

  • Assessing Potential Legal Claims From Private Credit Turmoil

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    Amid the downturn in the private credit markets spurred by multiple high-profile bankruptcies, a New York lawsuit stemming from the collapse of First Brands provides an important case study for investors to help minimize future losses and maximize any potential recovery in the event of a private credit default, say attorneys at Bleichmar Fonti.

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • Time Limit Case Highlights How Justices Apply Federal Rules

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    In Coney Island Auto Parts Unlimited v. Burton, the U.S. Supreme Court sided with the minority in a circuit split on when a litigant can seek relief from an allegedly void judgment — but the decision's most important lessons may be about the high court's interpretive approach to the Federal Rules of Civil Procedure, say attorneys at McDermott.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Lessons From Justices' Split On Major Questions Doctrine

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    The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.

  • Series

    Volunteering With Scouts Makes Me A Better Lawyer

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    Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.

  • Series

    Law School's Missed Lessons: In Court, It's About Storytelling

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    Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.

  • Why SDNY May Be Dusting Off The Financial Kingpin Statute

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    The Southern District of New York’s recent fraud indictments against executives of bankrupt companies Tricolor and First Brands have seemingly revived the Continuing Financial Crimes Enterprise statute, and if the cases succeed, prosecutors across the country will have ample reason to reach for this long-dormant tool, say attorneys at Lankler Siffert & Wohl.

  • Charges Signal Tougher Stance On Execs' Bankruptcy Fraud

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    The recent criminal charges stemming from the Tricolor and First Brands bankruptcy cases may represent a sea change in the willingness of federal prosecutors to use bankruptcy fraud as a basis to charge corporate officers more frequently alongside traditional statutes such as wire fraud, bank fraud and money laundering, say attorneys at White & Case.

  • Aligning Microsoft Tools With NYC Bar AI Recording Guidance

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    The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.

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