Bankruptcy

  • April 03, 2026

    Caterpillar Worker's Bankruptcy Dooms Genetic Privacy Claim

    An Illinois federal judge has thrown out a Caterpillar Inc. employee's proposed class genetic privacy suit over allegedly illegal medical history probes, saying the worker's midcase Chapter 7 bankruptcy filing means the claims now belong to his bankruptcy estate and not to him personally.

  • April 02, 2026

    Energy Drink Co. Founder Told Not To Sell Fla. Keys Property

    A bankruptcy judge in Florida on Thursday blocked the founder of Bang Energy drinks from selling an island property and using proceeds to fund litigation, saying the court must determine whether the initial purchase used fraudulently procured funds. 

  • April 02, 2026

    California Agency Wants SunPower Tax Issue Out Of Ch. 11

    California's Department of Tax and Fee Administration has asked a Delaware bankruptcy judge to abstain from hearing a tax audit dispute in solar panel company SunPower's Chapter 11 case, saying the matter should be handled in a state administrative forum.

  • April 02, 2026

    Puerto Rico Bankruptcy Stymies Paul Weiss, ACLU Fee Bids

    American Civil Liberties Union and Paul Weiss attorneys who successfully eased restrictions on voting by mail in Puerto Rico during the COVID-19 pandemic cannot collect fees for their work because they were discharged in Puerto Rico's bankruptcy proceeding, the First Circuit has ruled.

  • April 02, 2026

    BofA Sues Aequum, First Brands Group Over Inventory Liens

    Bank of America and others have sued troubled auto parts maker First Brands Group and lender Aequum Capital in Texas bankruptcy court, seeking a judgment that the plaintiffs hold liens on inventory that outrank those asserted by Aequum.

  • April 02, 2026

    Del Monte Lenders' Appeal Bid To Be Decided Soon

    A New Jersey bankruptcy judge said Thursday he would decide whether to certify a Del Monte settlement for direct appeal to the Third Circuit based on papers already filed in the case, after the canned food company urged the court to let a lender group's challenge unfold in district court instead.

  • April 02, 2026

    Saks Secures $500M Ch. 11 Exit Deal With Bondholders

    Saks has gotten a commitment from its senior secured bondholders to provide $500 million in exit financing and intends to file a Chapter 11 plan in the coming weeks, the bankrupt retailer announced Thursday.

  • April 01, 2026

    3 Federal Circuit Clashes To Watch In April

    The Federal Circuit argument calendar for this month includes Centripetal Networks' appeal of a decision clearing Cisco of infringing cybersecurity patents after a multibillion-dollar award was thrown out, as well as Ecobee's challenge to an $11.5 million infringement verdict involving smart thermostats.

  • April 01, 2026

    GWG Trust Sues Ankura Consulting Over 'Bogus' Accounting

    The litigation trustee for defunct financial services firm GWG Holdings has sued Ankura Consulting Group in Texas bankruptcy court, accusing it of "knowing (or reckless) facilitation" of a billion-dollar accounting fraud that helped push the insolvent company into Chapter 11.

  • April 01, 2026

    Ex-FTX Chief Engineer Resolves CFTC Fraud Suit For $3.7M

    The Commodity Futures Trading Commission Wednesday announced a New York federal court had entered an order resolving fraud charges against the former chief engineer of defunct cryptocurrency investment platform FTX.

  • April 01, 2026

    Oakland Diocese Yanks Insurance Deals From Newest Plan

    The Roman Catholic Diocese of Oakland, California, told a bankruptcy judge Wednesday it removed $42 million in settlements with insurance carriers from its proposed Chapter 11 plan to eliminate one source of conflict with the committee representing abuse claimants in the case.

  • April 01, 2026

    Fortress Buys Bankruptcy Services Provider Omni

    Investment management firm Fortress has acquired bankruptcy claims and noticing agent Omni, the two companies have announced.

  • April 01, 2026

    Lidar Co. Luminar Cleared To Exit Ch. 11 After Asset Sales

    A Texas bankruptcy judge Wednesday signed off on Luminar's bid to wind down its business and make distributions to creditors in Chapter 11, months after the maker of autonomous-vehicle technology sold most of its assets.

  • March 31, 2026

    Del. Chancery Tosses B. Riley Investor Loss Suit

    The Delaware Chancery Court dismissed a stockholder derivative lawsuit accusing B. Riley Financial Inc. insiders and directors of breaching their fiduciary duties over hundreds of millions of dollars in losses tied to the failed Franchise Group investment, ruling that the claims amounted to an impermissible hindsight critique of a risky business decision.

  • March 31, 2026

    Lenders Balk At Bankrupt IHC's Pitch To Hire Raymond James

    Six creditors have asked a Texas bankruptcy judge to withhold approval from senior living facility investor and operator Inspired Healthcare Capital's current bid to hire Raymond James & Associates Inc. in the company's Chapter 11.

  • March 31, 2026

    Colo. Judge OKs $2.5M Damages In Metal Workers' Wage Suit

    The owner of a now-defunct metal fabrication and construction company will have to shell out $2.5 million in damages in a case seeking unpaid wages, a Colorado federal judge has ruled, agreeing with a magistrate judge's recommendation to enter default judgment but disagreeing that theft damages were not necessary.

  • March 31, 2026

    Beasley Allen Seeks Stay Of DQ In Federal J&J Talc MDL

    The Beasley Allen Law Firm asked a New Jersey federal court on Monday to hold off on disqualifying it from talc litigation against Johnson & Johnson while it appeals the disqualification order which it called "unprecedented and incorrect."

  • March 31, 2026

    Mountain Sports Wins Ch. 11 Liquidation Plan OK

    Sports retailer Mountain Sports LLC received confirmation Tuesday from a Delaware bankruptcy judge of its Chapter 11 liquidation plan after unsecured creditors backed the plan.

  • March 31, 2026

    Cancer Vaccine Developer Files Ch. 7 After Trials Fall Short

    A Denmark-based biotechnology firm filed for Chapter 7 liquidation Tuesday in Delaware with more than $10 million in debt after its prospective cancer vaccine failed to measure up under testing and win regulatory approval last year.

  • March 30, 2026

    Burford Considers Arbitration After 2nd Circ. Tosses $16B Win

    Burford Capital Ltd. says it is contemplating taking its $16 billion fight with Argentina into international arbitration after the Second Circuit wiped out a judgment the litigation funding firm had won against the nation in New York federal court, sending its stock prices tumbling.

  • March 30, 2026

    Del Monte Says Lenders' Appeal Belongs In District Court

    Del Monte Foods has urged a New Jersey bankruptcy judge to deny a lender group's request to certify a settlement order for direct appeal to the Third Circuit, arguing that the group's challenge to the Chapter 11 deal should play out in district court instead.

  • March 30, 2026

    Ligado Settlement Payment Owed To Inmarsat Sent To Escrow

    A Delaware bankruptcy judge Monday diverted a $100 million settlement payment that bankrupt telecom company Ligado Networks owed to satellite operator Inmarsat into escrow after Ligado alleged Inmarsat breached the deal.

  • March 30, 2026

    Steward Health Creditor Trustee Sues Aetna For $6.4M

    The leader of a creditor litigation trust in Steward Health Care's bankruptcy case has launched an adversary proceeding in Texas bankruptcy court against Aetna Health, saying the insurer has refused to pay $6.36 million owed to hospitals formerly owned by Steward.

  • March 30, 2026

    Atty Gets Reciprocal NJ Suspension For Ethics Violations

    The New Jersey Supreme Court has imposed a three-year suspension on an attorney who had a Colorado law practice as a reciprocal discipline for ethics violations related to her conduct representing a client in Colorado legal matters, including having practiced law while suspended.

  • March 27, 2026

    2nd Circ. Tosses $16B YPF Judgment Against Argentina

    A panel of the Second Circuit Court of Appeals reversed a New York judge's $16 billion judgment against Argentina arising from its nationalization of the country's largest oil and gas exploration company, saying Friday Argentine law doesn't obligate the country to comply with YPF SA's corporate bylaws.

Expert Analysis

  • Series

    Playing Softball Makes Me A Better Lawyer

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    My time on the softball field has taught me lessons that also apply to success in legal work — on effective preparation, flexibility, communication and teamwork, says Sarah Abrams at Baleen Specialty.

  • 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.

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