Bankruptcy

  • March 20, 2026

    Firms Must Face Discovery In $102M Award Feud

    A New York federal judge on Friday permitted Levona Holdings to closely scrutinize declarations provided by attorneys with Greenberg Traurig LLP and Reed Smith LLP as it pursues sanctions against the firms following the court's vacatur of a $102 million arbitral award procured through fraud.

  • March 20, 2026

    X Wants Fed. Circ. To Override $175M Loss Over 'Worthless' IP

    Elon Musk's X Corp. is asking the Federal Circuit to free it from a $105 million infringement verdict out of Texas and more than $70 million in interest, saying the patents are "worthless" and the claim it was found to infringe is invalid.

  • March 20, 2026

    Up Next At High Court: Late Ballots And 'Last-Mile' Drivers

    The U.S. Supreme Court will kick off its March oral arguments session by reviewing disputes over the validity of state laws allowing late-arriving mail-in ballots to be counted in federal elections and whether "last-mile" delivery drivers qualify for the transportation worker exemption to the Federal Arbitration Act. 

  • March 20, 2026

    TGI Fridays OK'd To Seek Votes On Post-Sale Liquidation Plan

    The bankruptcy estate of casual dining chain TGI Fridays can seek votes on its Chapter 11 liquidation plan, a Texas bankruptcy judge said Friday, setting up a confirmation hearing for May 1.

  • March 20, 2026

    Echo Payment Systems Files Ch. 7 Bankruptcy In Delaware

    Echo Payment Systems Inc. has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, seeking to liquidate its assets and wind down operations, and the company will not attempt to reorganize but instead pursue an orderly liquidation under court supervision.

  • March 20, 2026

    Beasley Allen Can't Halt DQ Ruling In J&J Talc Litigation

    A New Jersey state appeals court has refused to pause its decision disqualifying the Beasley Allen Law Firm from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powder, according to a court order.

  • March 19, 2026

    Fat Brands' CEO To Take Leave Under Ch. 11 Financing Deal

    A Texas bankruptcy judge agreed Thursday to give interim approval to a $184 million debtor-in-possession loan in Fat Brands' Chapter 11 case, and also approved a connected stipulation that temporarily removes the restaurant group's CEO.

  • March 19, 2026

    Pallet Biz Tells Mich. Judge To Toss Discovery Bid

    Pallet company Palltronics is urging a Michigan federal court to deny a rival firm's request for more discovery in their trade secret dispute, arguing the request is unnecessary, premature and filed in bad faith.

  • March 19, 2026

    Kanye West Home Investor, Facing Foreclosure, Files Ch. 11

    A California luxury real estate investment company has filed for Chapter 11 protection in California with about $155 million in debt a day ahead of a foreclosure sale of its most prominent property, rapper Kanye West's former beach home.

  • March 19, 2026

    Jackson Walker, US Trustee Reach Deal On Fee Settlements

    The Office of the U.S. Trustee and law firm Jackson Walker LLP on Wednesday resolved the bankruptcy watchdog's opposition to a series of settlements tied to a romantic relationship between a former Jackson Walker attorney and a now-retired bankruptcy judge.

  • March 19, 2026

    Zynex Gets OK For Ch. 11 Plan Reducing Debt By $50M

    Zynex Inc., a pain management medical device maker, received confirmation Thursday of its Chapter 11 plan, which reduces its debt by about $50 million and turns over the company to its creditors.

  • March 18, 2026

    Del Monte Foods Gets OK To Take Votes On Ch. 11 Plan

    Del Monte secured a New Jersey bankruptcy judge's permission Wednesday to take creditors' votes on a Chapter 11 plan that would wind down its remaining business, about a month after the canned food company won approval of deals to sell its assets.

  • March 18, 2026

    4th Circ. Says Bankruptcy Stay Trumps Arbitration Agreement

    A split Fourth Circuit panel ruled Wednesday that requiring a consumer debtor to arbitrate credit card collection actions would interfere with the clear purpose of the federal bankruptcy code, upholding a pair of lower court rulings that found alleged automatic stay violations by Goldman Sachs Bank should be dealt with through bankruptcy adversary proceedings.

  • March 18, 2026

    Ex-Execs Ask Justices To Review Ruby Tuesday Benefits Fight

    Former Ruby Tuesday managers are urging the U.S. Supreme Court to review their dispute alleging Regions Bank lost them $35 million in retirement plan benefits that were liquidated in bankruptcy, saying an appellate court erred in denying them monetary relief.

  • March 18, 2026

    Fla. Court Ends Ex-Bank CEO's Bid To Revive Contract Claims

    A former bank CEO can't file another amended complaint against First Horizon Bank claiming he was set up as a scapegoat in the legal fallout of a $1.2 billion Ponzi scheme, a Florida appeals court ruled Wednesday.

  • March 18, 2026

    Ligado Asks Judge To Pause $100M Payment To Inmarsat

    A telecom company has asked a Delaware bankruptcy judge to let it delay a $100 million payment owed to satellite operator Inmarsat, arguing that Inmarsat's alleged breach of a key settlement agreement undermined the value of the deal and caused potentially significant harm.

  • March 18, 2026

    Fox Rothschild Adds Perkins Coie Bankruptcy Ace In Dallas

    Fox Rothschild LLP has bolstered its ability to help clients facing major financial challenges with the addition of a Dallas-based partner who brings more than four decades of experience in bankruptcy and restructuring matters.

  • March 18, 2026

    Conn. Justices Won't Hear Ex-Alex Jones Atty's Ethics Case

    The Connecticut Supreme Court will not hear a challenge to the two-week suspension of Alex Jones' former lawyer, leaving intact an intermediate Appellate Court decision affirming the pared-down punishment surrounding his law firm's handling of Sandy Hook Elementary School massacre victims' personal information.

  • March 17, 2026

    Deals In Jackson Walker-Judge Affair A 'Dilemma,' Judge Says

    A Texas federal judge ordered three of Jackson Walker LLP's former bankruptcy clients Tuesday to explain by next month what would happen to money from potential vacaturs or sanctions against the law firm if the estates close after their contested deals get approved.

  • March 17, 2026

    'No Disrespect' But Law Prof Mom Not SBF's Atty, Judge Says

    A federal judge in Manhattan cautioned retired Stanford Law School professor Barbara Fried, the mother of convicted FTX founder Sam Bankman-Fried, that she cannot make filings on behalf of her son in his bid for a new trial, saying she has not filed an appearance with the court.

  • March 17, 2026

    BlockFills Can Tap Into Lender Cash For Now In Ch. 11

    Bankrupt cryptocurrency company BlockFills received interim authority to use the cash collateral of its secured lenders Tuesday as it began its pursuit of a customer-led restructuring in Delaware bankruptcy court.

  • March 17, 2026

    NY Ch. 11 Case Reopened Over Missing $344K Disbursement

    The U.S. Trustee had its request granted in New York Bankruptcy Court to reopen a small Chapter 11 case amid an attorney ethics probe, as it searches for about $344,000 that was reportedly deposited into the trust account of a lawyer overseeing the disbursement of estate funds that were allegedly never distributed.

  • March 17, 2026

    Nuclear Power Cos. Seek To Duck Wage-Fixing Class Action

    Nuclear energy producers including Constellation Energy, DTE Energy, Duke Energy and NextEra Energy have urged the Maryland federal court to toss a proposed class action alleging they conspired to fix wages in a scheme that workers say spanned "100% of the nuclear power generation labor market."

  • March 17, 2026

    Spandex Maker Lycra Files Ch. 11 To Slash $1.2B Debt

    A Texas bankruptcy judge Tuesday agreed to give interim approval for fiber manufacturer The Lycra Company LLC to tap into $50 million of its $75 million in debtor-in-possession financing as the company moves toward a quick debt restructuring.

  • March 17, 2026

    Book Distributor Baker & Taylor Hits Ch. 11 To Wind Down

    Baker & Taylor, a 198-year-old book distributor, sought bankruptcy protection in New Jersey with at least $100 million in liabilities after the COVID-19 pandemic, litigation and a loan default forced it to shut down operations last year.

Expert Analysis

  • Series

    Law School's Missed Lessons: Mastering Time Management

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    Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.

  • Rare Del. Oversight Ruling Sends Governance Wake-Up Call

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    An unusual ruling from the Delaware Court of Chancery recently allowed Caremark oversight claims to proceed against former executives of a company previously known as Teligent, sending a clear reminder that boards and officers must actively monitor and document oversight efforts when addressing mission-critical risks, say attorneys at WilmerHale.

  • How Hyperlinks Are Changing E-Discovery Responsibilities

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    A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.

  • 11th Circ. Equitable Tolling Ruling Deepens Circuit Split

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    The Eleventh Circuit recently held that equitable tolling was unavailable to extend a deadline to object to discharge of debt, becoming the most recent circuit court decision to address this issue, and deepening a split that requires resolution by the U.S. Supreme Court, says Paul Avron at Berger Singerman.

  • Series

    Writing Musicals Makes Me A Better Lawyer

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    My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.

  • Series

    Adapting To Private Practice: From Va. AUSA To Mid-Law

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    Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.

  • 7 Document Review Concepts New Attorneys Need To Know

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    For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

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    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Series

    Being A Professional Wrestler Makes Me A Better Lawyer

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    Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • Bankruptcy Courts May Offer Relief For Tariff-Driven Distress

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    The Bankruptcy Code and the customs laws interact in complex ways that make bankruptcy a powerful, albeit limited, tool for companies that are dealing with tariff-related financial distress, says Eitan Arom at KTBS Law.

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

  • Series

    Teaching Trial Advocacy Makes Us Better Lawyers

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    Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

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