Bankruptcy

  • March 09, 2026

    Reed Smith, Greenberg Traurig Fight Gas Feud Sanctions

    Both Reed Smith LLP and Greenberg Traurig LLP provided nothing more than "zealous advocacy" for their respective clients amid an international petroleum shipping dispute between Eletson Holdings and Levona Holdings Ltd., the two law firms have argued in separate opposition briefs fighting sanctions motions stemming from the matter.

  • March 09, 2026

    Chicago Hotel Operator Files Ch. 11 With $147M Debt

    The owner of two Chicago hotels has filed for Chapter 11 protection in Delaware bankruptcy court with $146.7 million in mortgage debt, saying it's at an impasse with its senior lenders.

  • March 09, 2026

    Viridis Chemical Files Ch. 11 Amid Relocation Woes

    Bio-based chemical technology company Viridis has filed for Chapter 11 relief in Texas with more than $17 million in debt, citing cost overruns related to moving its manufacturing plant from Nebraska to Illinois.

  • March 09, 2026

    Bracewell Adds Holland & Knight RE Duo In Dallas

    Bracewell LLP announced Monday that it has launched a new real estate special situations practice with a pair of partners in Dallas who came aboard from Holland & Knight LLP.

  • March 09, 2026

    Golf Co. Approved For $35.7M Ch. 11 Sale To Nicklaus Family

    A Delaware federal bankruptcy judge approved a $35.7 million sale of assets Monday in the Chapter 11 case of sports gear and golf course design enterprise Nicklaus Cos. LLC, agreeing to a deal that will see affiliates tied to retired golfer Jack Nicklaus acquire the business and end protracted litigation among its founders.

  • March 06, 2026

    Calif. Judge Blasts Ex-Venture Capitalist In Axing SVB Suit

    Convicted venture capitalist and self-described "Silicon Valley's party animal" Michael Rothenberg's conduct in his lawsuit against the Federal Deposit Insurance Corp., acting on behalf of the failed Silicon Valley Bank, "consisted almost entirely of ignoring or frustrating" his litigation obligations, a California federal judge ruled in throwing out the case.

  • March 06, 2026

    Compression Sock Seller Hits Ch. 11 With $6M Of Debt

    Ziviea, a Florida-based online retailer of compression socks, filed for Chapter 11 protection Friday, reporting more than $6 million of debt and a decline in revenue last year.

  • March 06, 2026

    Buffalo Diocese HQ Auction Set Despite Leaseback Concerns

    A New York bankruptcy judge approved the bidding procedures for the sale of the headquarters of the Roman Catholic Diocese of Buffalo, which includes a $4.5 million stalking horse bid with a leaseback provision.

  • March 06, 2026

    Del Monte Lenders Challenge Ch. 11 Settlement Approval

    A group of minority lenders to food producer Del Monte has appealed the green light a New Jersey bankruptcy judge gave to a creditor deal last month, weeks after arguing the agreement forfeited causes of action that could be worth more than $200 million.

  • March 06, 2026

    Texas Justices To Weigh LLC Exemption For Ch. 7 Appeal

    The Texas Supreme Court on Friday agreed to help the Fifth Circuit resolve a bankruptcy case appeal by determining if a limited liability company governed by Texas law qualifies as exempt property in a bankruptcy proceeding.

  • March 06, 2026

    Sullivan & Cromwell Gets Another $1.6M In Linqto Ch. 11 Fees

    A Texas bankruptcy judge agreed Friday to approve more than $1.6 million in fees for defunct investment platform Linqto's special Chapter 11 counsel from Sullivan & Cromwell, commending the firm's work and overruling an objection from creditors.

  • March 05, 2026

    Fla. Judge Conditionally OKs Cosmetic Co.'s Ch. 11 Plan

    A bankruptcy judge in Florida conditionally approved on Thursday a cosmetic company's Chapter 11 plan, granting a proposed reorganization that involves a lender taking over the company in a debt-to-equity transaction. 

  • March 05, 2026

    Energy Firms Ordered To Split Trade Secrets Case Settlement

    A Texas Business Court judge ordered two energy companies to split a settlement that resolved a trade secrets case relating to cost-cutting measures taken on a $639 million acquisition of Shell assets, finding both parties were entitled to the settlement funds.

  • March 05, 2026

    Feds Can't Repatriate Trusts In $28M Tax Suit, Court Told

    The U.S. government cannot force a Floridian facing a $28 million tax bill to repatriate assets from his trusts because they're governed by Bahamian law and thus the trustee, a Bahamian trust provider, has sole discretion over making distributions, the provider told a federal court.

  • March 05, 2026

    Jilted Citgo Buyer Takes Aim At Special Master's Fee Bid

    Jilted Citgo bidder Gold Reserve Ltd. continues to urge a Delaware federal court to reject a special master's bid for another $15.3 million in fees, saying he hasn't shown he is complying with a court order aimed at reducing his expenses.

  • March 05, 2026

    Foam Roller Seller Told To Pay $1.7M After Patent Case Default

    A company that sells foam rollers primarily on Amazon has been ordered to pay $1.1 million in trebled damages and $650,000 in attorney fees to a company it sued seeking a declaration that it could continue selling, after it defaulted in the case and its owner declared bankruptcy.

  • March 05, 2026

    Nicklaus' Co. Picks Firm Tied To Golf Pro's Son As Top Bidder

    Nicklaus Cos., the bankrupt sporting gear and golf course design company founded by Jack Nicklaus, has picked a $35.7 million offer from a family office tied to the golf legend's son as the winning bid in an auction for the debtor's intellectual property and other assets.

  • March 05, 2026

    Radio Co. Cumulus Media Hits Ch. 11 Again With $700M Debt

    Cumulus Media, a company that operates almost 400 radio stations across the country, filed for Chapter 11 protection Thursday in Texas bankruptcy court with a plan to cut $600 million in debt, the business's second bankruptcy filing in less than a decade.

  • March 04, 2026

    50 Cent's Liquor Boss Gets 2nd Delay Of Fraud Sentencing

    A former executive at rapper Curtis "50 Cent" Jackson's liquor brand got his fraud sentence delayed for a second time when a New Jersey federal judge questioned Wednesday whether the executive's hypothetical cooperation with the government could get fair consideration under his plea deal.

  • March 04, 2026

    PE Firm Norada Faces Investor Suits Over $92M Ponzi Scheme

    Groups of investors from multiple states have filed a series of lawsuits against Norada Capital Management LLC in Wyoming federal court, alleging the private equity fund defrauded them out of millions of dollars as part of a Ponzi scheme that the firm's managing member pled guilty to.

  • March 04, 2026

    3rd Circ. Nixes Stay Of Bankruptcy Court Order In Ligado Case

    The Third Circuit has allowed a Delaware bankruptcy judge to make Inmarsat Global Ltd. support a spectrum-rights application filed by telecommunications group Ligado Networks LLC and AST SpaceMobile Inc.

  • March 04, 2026

    Fashion Tech Biz CEO Pleads Guilty To $300M Investor Fraud

    The founder of bankrupt apparel technology company CaaStle Inc. pled guilty Wednesday to one count of securities fraud in connection with a scheme to defraud hundreds of investors out of $300 million by using sham documents to falsely promote a "rapidly growing business" supposedly worth $1.4 billion.

  • March 04, 2026

    NC Jewelry Maker Hits Ch. 11 With $10.5M Debt

    Lab-grown gemstone jewelry maker Charles & Colvard Ltd. has filed for Chapter 11 bankruptcy protection in North Carolina, declaring $19.2M in assets and $10.5M in liabilities.

  • March 04, 2026

    BakerHostetler Aided Illegal Insurance Scheme, Trustee Says

    BakerHostetler, along with one of its Atlanta-based attorneys, is the latest law firm to be accused of legal malpractice related to an illegal scheme that sold health insurance-like products.

  • March 04, 2026

    Nine Energy Gets OK On Ch. 11 Plan To Cut $320M Debt

    A Texas bankruptcy judge on Wednesday signed off on oil services company Nine Energy's Chapter 11 plan, allowing the debtor to trim $320 million in debt and emerge from bankruptcy just over a month after launching its case.

Expert Analysis

  • Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling

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    The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.

  • Series

    Quilting Makes Me A Better Lawyer

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    Turning intricate patterns of fabric and thread into quilts has taught me that craftsmanship, creative problem-solving and dedication to incremental progress are essential to creating something lasting that will help another person — just like in law, says Veronica McMillan at Kramon & Graham.

  • 5 Critical Changes Coming To Bankruptcy Rule 3002.1

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    Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 taking effect this December that will impose new filing requirements, codify how creditors handle untimely payment change notices and allow debtors to request status updates, say attorneys at Bradley Arant.

  • What 2 Profs Noticed As Transactional Law Students Used AI

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    After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.

  • State AGs Are Turning Up The Antitrust Heat On ESG Actions

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    Recent antitrust developments from red state attorneys general continue a trend of environmental, social and governance scrutiny, and businesses exposed to these areas should conduct close examinations of strategy and potential material risk, say attorneys at Morgan Lewis.

  • Rebuttal

    BigLaw Settlements Should Not Spur Ethics Deregulation

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    A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.

  • 5 Ways Lawyers Can Earn Back The Public's Trust

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    Amid salacious headlines about lawyers behaving badly and recent polls showing the public’s increasingly unfavorable view of attorneys, we must make meaningful changes to our culture to rebuild trust in the legal system, says Carl Taylor at Carl Taylor Law.

  • Series

    Hiking Makes Me A Better Lawyer

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    On the trail, I have thought often about the parallels between hiking and high-stakes patent litigation, and why strategizing, preparation, perseverance and joy are important skills for success in both endeavors, says Barbara Fiacco at Foley Hoag.

  • Series

    Law School's Missed Lessons: Negotiation Skills

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    I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.

  • Opinion

    Bar Exam Reform Must Expand Beyond A Single Updated Test

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    Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.

  • A Simple Way Courts Can Help Attys Avoid AI Hallucinations

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    As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.

  • Asbestos Trusts And Tort Litigation Are Still Not Aligned

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    A recent ruling by a New York state court in James Petro v. Aerco International highlights the inefficiencies that still exist in asbestos litigation — especially regarding the continued lack of coordination between the asbestos tort system and the well-funded asbestos trust compensation system, says Peter Kelso at Roux.

  • Series

    Creating Botanical Art Makes Me A Better Lawyer

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    Pressing and framing plants that I grow has shown me that pursuing an endeavor that brings you joy can lead to surprising benefits for a legal career, including mental clarity, perspective and even a bit of humility, says Douglas Selph at Morris Manning.

  • Opinion

    The Legal Education Status Quo Is No Longer Tenable

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    As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.

  • E-Discovery Quarterly: Rulings On Relevance Redactions

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    In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.

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