Bankruptcy

  • 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.

  • March 27, 2026

    SEC Shutters Case Against Bankrupt Fatburger Parent

    The U.S. Securities and Exchange Commission announced Friday that it is walking away from a case accusing restaurant franchisor FAT Brands of running an illegal $27 million personal loan scheme to fuel its former CEO's lavish lifestyle as the public company foundered.

  • March 27, 2026

    NY Diocese, Abuse Claimants Reach $148M Ch. 11 Deal

    The Roman Catholic Diocese of Albany, New York, has agreed to pay $148 million as part of a settlement reached with a committee of sexual abuse claimants in its Chapter 11, it announced Friday.

  • March 27, 2026

    NYC Sheds FDIC's Claim For Silicon Valley Bank Tax Refund

    A D.C. federal court said Friday it does not have the authority to order New York City to issue a tax refund sought by the Federal Deposit Insurance Corp. in its capacity as receiver of the failed Silicon Valley Bank.

  • March 27, 2026

    Apollo, BlackRock Deny Asking Kirkland To Abandon Optimum

    Apollo, Ares, BlackRock and other major financial companies have denied Optimum Communications' claims accusing them of "bullying" Kirkland & Ellis LLP into withdrawing as the telecommunications company's transaction counsel to get revenge for a collusion lawsuit filed in New York federal court.

  • March 27, 2026

    Polsinelli Hires Practice Head From McDermott In NY

    Polsinelli PC has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on private credit, distressed investing, and complex restructuring matters."

  • March 27, 2026

    NJ Federal Judge DQs Beasley Allen In J&J Talc MDL

    A New Jersey federal judge has disqualified the Beasley Allen Law Firm from representing hundreds of plaintiffs in sprawling multidistrict litigation over Johnson & Johnson's talc-based baby powder, holding that the firm violated ethics rules by collaborating with former outside counsel for J&J, a ruling the law firm has vowed to appeal.

  • March 27, 2026

    Simpson Thacher Adds 2 Ex-Kirkland Restructuring Partners

    Two former Kirkland & Ellis LLP restructuring attorneys have joined Simpson Thacher & Bartlett LLP as partners in the capital structure solutions practice.

  • March 26, 2026

    Multi-Color's DIP Loan Up In The Air As Judge Balks At Rollup

    A New Jersey bankruptcy judge on Thursday said he wasn't ready to give final approval to a debt rollup proposed in Multi-Color Corp.'s Chapter 11 case, throwing into question one of the postpetition financing backers' willingness to fund the debtor's operations.

  • March 26, 2026

    Creditors, US Trustee Protest Jones Day In Vanderbilt Case

    The U.S. Trustee's Office and a group of creditors have urged a New York bankruptcy judge to reject mining company Vanderbilt Minerals' bid to retain Jones Day as counsel, arguing the law firm is conflicted because it represented the debtor's parent company prior to Vanderbilt's Chapter 11 case.

  • March 26, 2026

    Core Scientific Can't Move Crypto Patent Case Across Texas

    A judge in the Eastern District of Texas denied a bid by cryptocurrency mining company Core Scientific Inc. to move a case accusing it of infringing cryptography patents to the Western District of Texas, saying Core had not shown that it was clearly a more convenient venue.

  • March 26, 2026

    BlockFills Gets Ch. 11 Stay Of Crypto Suit Targeting 3 Execs

    Cryptocurrency firm BlockFills secured a Delaware bankruptcy judge's permission Thursday to temporarily block a lawsuit from creditors alleging the company and three current and former executives failed to properly manage customer assets.

  • March 26, 2026

    Cannabis Co. Gets Stay Protection For US Subsidiaries

    A Delaware bankruptcy judge on Thursday stayed actions against the U.S. subsidiaries of Cannabist Company Holdings as the bankrupt Canadian company moves to sell its assets or wind them down.

  • March 25, 2026

    EV Co. Investors Get Final OK Of $13.3M Deal, Atty Fees

    Investors in bankrupt electric vehicle company Arrival have gotten final approval for their nearly $13.3 million deal ending claims the company touted a purportedly profitable business plan as it went public via merger with a special purpose acquisition company only to scale back its projections within a year of the merger announcement.

  • March 25, 2026

    Woman Deserves Relief From Tax Prep Fraud, Justices Told

    Two taxpayer groups and a tax counsel association urged the U.S. Supreme Court to hear a woman's appeal over liabilities triggered by a fraudulent preparer, arguing the Third Circuit decision in the case misread the fraud exception in the tax assessment statute.

  • March 25, 2026

    Ex-Nikola CEOs Can't Get Bankruptcy Pause For Investor Suit

    Former CEOs of bankrupt electric-truck maker Nikola Corp. can't hit pause on proposed investor class action claims they face while related claims against the company are stayed amid its bankruptcy proceedings, an Arizona federal judge has determined.

  • March 25, 2026

    Fecal Treatment Co. Says Ch. 11 Is Best Option To Sell Assets

    Microbiome treatment developer Finch Therapeutics told a Delaware bankruptcy judge Wednesday that its lack of income or ability to collect on a patent judgment justified its Chapter 11 filing despite a lack of secured debts.

  • March 25, 2026

    Serta Lenders End Trial Over 'Uptier' Ahead Of Summer Ruling

    Lenders to Serta Simmons Bedding presented closing arguments in Texas bankruptcy court Wednesday in a trial over damages that investors excluded from the mattress maker's 2020 "uptier" deal say they should be awarded, an issue which the presiding judge expects to decide on in the next few months.

  • March 25, 2026

    Ashurst Adds 4 Ex-Bracewell Partners To Finance Practice

    Ashurst LLP has announced the addition of a four-partner team in New York to expand its finance and restructuring capacities ahead of a proposed merger with Perkins Coie LLP.

  • March 25, 2026

    Cannabis Co. Seeks Ch. 15 As It Eyes Sales Of US Business

    The foreign representative for Cannabist Company Holdings Inc., a purveyor of cannabis products, asked a Delaware bankruptcy judge Wednesday to recognize the company's Canadian insolvency in U.S. courts as it seeks to sell operations it is running in the U.S.

  • March 24, 2026

    SiriusXM Beats Research Institute's Patent Case Due To Delay

    A Delaware federal judge on Tuesday said German research institute Fraunhofer-Gesellschaft's delay in bringing a patent suit against SiriusXM was fatal to its claims, after the Federal Circuit previously said the judge must look closer at whether that delay was relied upon by Sirius.

  • March 24, 2026

    Justices Weigh Change To Estoppel Rule Used In Ch. 13 Case

    The U.S. Supreme Court heard arguments Tuesday over whether the Fifth Circuit erred in letting judicial estoppel bar a Chapter 13 debtor from pursuing tort litigation after failing to disclose the claim to a bankruptcy court, weighing whether to apply a holistic test to determine if the debtor's mistake was inadvertent.

  • March 24, 2026

    4th Circ. Affirms False Ads Verdict Against Chinese Pool Co.

    The Fourth Circuit on Tuesday affirmed a jury verdict finding a Chinese pool parts company liable for falsely advertising its products as made in the USA as part of a larger judgment favoring a North Carolina manufacturer that has since ballooned to over $17 million.

  • March 24, 2026

    Genesis Gets OK For $7.3M Employee Bonus Plan

    A Texas bankruptcy judge Tuesday gave Genesis Healthcare permission to pay up to $7.3 million in bonuses to executives and other employees, agreeing with the nursing home chain that the workers are needed to keep the business running until its Chapter 11 sale closes.

  • March 24, 2026

    Beasley Allen Says NJ Justices Review Of Talc DQ 'Essential'

    Beasley Allen urged the New Jersey Supreme Court to hear its appeal of a lower court's decision to disqualify it from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powder, arguing that the court's immediate review of the interlocutory order is "essential."

Expert Analysis

  • 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.

  • Opinion

    Section 1983 Has Promise After End Of Nationwide Injunctions

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    After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.

  • Series

    Playing Soccer Makes Me A Better Lawyer

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    Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.

  • Series

    Law School's Missed Lessons: Learning From Failure

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    While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.

  • 23andMe Fine Signals ICO's New GDPR Enforcement Focus

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    Many of the cybersecurity failures identified by the Information Commissioner’s Office in its investigation of 23andMe, recently resulting in a £2.3 million fine, were basic lapses, but the ICO's focus on several new U.K. General Data Protection Regulation considerations will likely carry into the future, say lawyers at Womble Bond.

  • Series

    Adapting To Private Practice: From ATF Director To BigLaw

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    As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.

  • 4 In-Flux Employment Law Issues Banks Should Note

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    Attorneys at Ogletree provide a midyear update on employment law changes that could significantly affect banks and other financial service institutions — including federal diversity equity and inclusion updates, and new and developing state and local artificial intelligence laws.

  • Series

    Playing Baseball Makes Me A Better Lawyer

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    Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.

  • Series

    Ohio Banking Brief: All The Notable Legal Updates In Q2

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    Ohio's financial services sector saw several significant developments in the second quarter of 2025, including a case that confirmed credit unions' setoff rights, another that established contract rights between banks and cardholders, and the House passage of a digital asset bill, say attorneys at Frost Brown.

  • A Deep Dive Into 14 Nixed Gensler-Era SEC Rule Proposals

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    The U.S. Securities and Exchange Commission last month formally withdrew 14 notices of proposed rulemaking, including several significant and widely criticized proposals that had been issued under former Chair Gary Gensler's leadership, signaling a clear and definitive shift away from the previous administration, say attorneys at Dechert.

  • Series

    Law School's Missed Lessons: Skillful Persuasion

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    In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.

  • Special Committees Gain Traction In Chapter 11 Investigations

    Excerpt from Practical Guidance
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    Tara Pakrouh at Morris James discusses why special committees are becoming more common in Chapter 11 bankruptcies, how they've been used in real cases and what makes them effective.

  • Litigation Inspiration: How To Respond After A Loss

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    Every litigator loses a case now and then, and the sting of that loss can become a medicine that strengthens or a poison that corrodes, depending on how the attorney responds, says Bennett Rawicki at Hilgers Graben.

  • The Metamorphosis Of The Major Questions Doctrine

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    The so-called major questions doctrine arose as a counterweight to Chevron deference over the past few decades, but invocations of the doctrine have persisted in the year since Chevron was overturned, suggesting it still has a role to play in reining in agency overreach, say attorneys at Crowell & Moring.

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