Bankruptcy

  • August 18, 2026

    Sandy Hook Families Say Alex Jones Co. Can't Dodge Bond

    Sandy Hook Elementary School massacre victims' families have asked the Texas Supreme Court to dissolve an appeals court order blocking a receiver from deploying the assets of Alex Jones' Free Speech Systems LLC, saying the company is stalling a $1.3 billion judgment collection effort without posting the required bond.

  • August 18, 2026

    MMA Law Tells 5th Circ. It Didn't Waive Hurricane Suit Fees

    MMA Law Firm has urged the Fifth Circuit to vacate a Texas federal district court ruling against it, arguing the district court did not have jurisdiction to hear an appeal of a bankruptcy court's decision to grant summary judgment in favor of a New Orleans law firm that took over hurricane damage cases that MMA had filed.

  • August 18, 2026

    ​​​​​​​Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week tackled disputes involving multibillion-dollar mergers, corporate oversight, founder control, SPAC litigation, commercial contracts and attorney fees.

  • August 18, 2026

    Petrochemical Co. Can Use $230M In Ch. 11 Funding

    A Texas bankruptcy judge on Tuesday agreed to allow Brazilian-Mexican petrochemical company Braskem Idesa SAPI to tap into $230 million of its new money debtor-in-possession funding as it prepares to collect votes on its Chapter 11 plan.

  • August 17, 2026

    Google To Pay $10M For Spirit Airlines Data To Help AI Models

    Technology giant Google LLC has won an auction for Spirit Airlines' emails, chats, spreadsheets and other data, offering $10 million for anonymized information it will use to improve its large language models and other products, according to a notice filed Friday in New York bankruptcy court.

  • August 17, 2026

    Ch. 11 Dismissal Bid Fans Flames In Power Plant Control Fight

    Omnis Pleasants' parent company formally moved for dismissal of the West Virginia coal plant's Chapter 11 proceeding in Delaware, alleging the case was launched to gain an advantage in pending governance litigation with lenders tied to motivational speaker Tony Robbins.

  • August 17, 2026

    Battery Recycler Wins Plan OK Over US Trustee Objection

    A Texas bankruptcy judge Monday approved the post-sale Chapter 11 liquidation plan of battery recycler Ascend Elements, overruling an objection from the U.S. Trustee's Office to an exculpation for the sole member of the debtor's special committee.

  • August 17, 2026

    Nussbaum-Linked Firms' Ch. 11s Tossed For Bad Faith

    A New York bankruptcy judge has dismissed the Chapter 11 cases of two commercial real estate law firms headed by Mark J. Nussbaum, finding their petitions were filed in bad faith and that the cases instead belonged in an assignment for the benefit of creditors process in New York state court.

  • August 17, 2026

    Rebel Creamery Hits Ch. 11 After $24M Loss To Van Leeuwen

    Ice cream company Rebel Creamery has filed for Chapter 11 protection in Utah bankruptcy court with about $24 million in debt, one month after losing a trademark lawsuit brought by rival Van Leeuwen.

  • August 14, 2026

    AIG Ex-Execs Win Ruling That Parent's FP Loan Was Equity

    American International Group's funding advances to one of its investment units was an equity infusion and not debt, a Delaware bankruptcy judge ruled Friday, handing a win to former executives who say they're owed deferred compensation funds that were depleted during the 2008 financial crisis.

  • August 14, 2026

    Tricolor Founder Can't Ax 'Infrequently Charged' Lead Count

    The founder and former CEO of bankrupt subprime auto lender Tricolor Holdings cannot dodge a criminal enterprise charge in federal prosecutors' case alleging a yearslong scheme to defraud the company's lenders and investors, a New York federal judge ruled on Friday.

  • August 14, 2026

    5th Circ. Backs Investment Co.'s Sanction In Highland Ch. 11

    The Fifth Circuit on Friday decided to keep in place an $826,000 sanction against NexPoint Real Estate Partners, finding "clear and convincing evidence" showed it filed and litigated a bad-faith claim in the Chapter 11 case of defunct hedge fund Highland Capital Management LP.

  • August 14, 2026

    NC County Sues Bankrupt Hospital Operator For $10M

    North Carolina's Martin County has sued CHS/Community Health Systems Inc. for $10 million in North Carolina federal court, alleging the company failed to honor its obligations to run Martin General Hospital after its affiliate filed for Chapter 7 in 2023.

  • August 14, 2026

    Cumulus Asks 2nd Circ. For Help With Nielsen Data Order

    Cumulus Media sought clarification Thursday from the Second Circuit on the timing of a district court order upheld last month barring Nielsen from conditioning access to national radio ratings data on buying Nielsen's local offerings, arguing that the ratings analytics company can't hold up obeying the injunction just because it's seeking reconsideration.

  • August 14, 2026

    Poolin Cleared To Pursue Asset Sale Amid Trustee Fight

    Cryptocurrency miner Poolin Technology can pursue a sale next month of its assets, a New Jersey bankruptcy judge said Friday, giving its stalking horse bidder time to also buy a neighboring property for an artificial intelligence data center in Texas.

  • August 14, 2026

    Disbarred Fla. Atty Blames Firm For Lost $40M Ch. 11 Claim

    A disbarred attorney has sued his former counsel for alleged malpractice in Florida state court, saying he lost money after his $40 million claim was left unsecured in a federal bankruptcy proceeding for his company.

  • August 14, 2026

    Rising Star: Paul Weiss' John Weber

    John Weber of Paul Weiss Rifkind Wharton & Garrison LLP advised global communications software firm Mitel's $1.3 billion restructuring and Roomba maker iRobot's prepackaged Chapter 11 restructuring, which equitized approximately $265 million in debt, earning him a spot among the bankruptcy law practitioners under 40 honored by Law360 as Rising Stars.

  • August 14, 2026

    Holland & Knight Loses Bid To Escape GWG Fraud Suit

    Holland & Knight LLP must face adversary claims in Houston bankruptcy court after a Texas federal judge found the trustee for bankrupt life insurance bond seller GWG Holdings Inc. had made a plausible case that the firm and one of its attorneys engaged in a racketeering conspiracy with its ex-chairman.

  • August 13, 2026

    'Jump Must Litigate': 7th Circ. Clarifies Arb. Enforcement Rule

    The Seventh Circuit rejected trading firm Jump Trading LLC's bid to arbitrate a putative securities class action Thursday, finding that courts, not arbitrators, must decide whether disputes belong in arbitration when the parties haven't signed an arbitration agreement, furthering a circuit split and holding that "Jump must litigate."

  • August 13, 2026

    Spirit Execs Ax Investor Suit Over Pre-Ch. 11 Claims, For Now

    A Florida federal judge dismissed a lawsuit accusing Spirit Airlines' current and former top brass of misleading investors about the budget air carrier's prospects amid two bankruptcy filings, saying Thursday that the challenged statements are either corporate "puffery" or otherwise nonactionable, but the plaintiffs can rework their complaint.

  • August 13, 2026

    777 Partners Gets New DIP Offer After Contentious Hearing

    Investment firm 777 Partners told a Texas bankruptcy judge on Thursday that it had received a competing offer to fund its Chapter 11 case, two days after the judge ended a hearing on the company's bankruptcy financing by imploring the debtors to come up with an alternative proposal.

  • August 13, 2026

    Wolfspeed Escapes Investor Suit Over 'Optimistic' Projections

    A North Carolina federal judge has thrown out a proposed class action lawsuit accusing chipmaker Wolfspeed Inc. of deceiving investors about demand for its products, saying that the claims in the suit amount to "fraud by hindsight."

  • August 13, 2026

    Israeli Company Must Face $30M Quinn Emanuel Fee Suit

    An Israeli company and its CEO must face Quinn Emanuel Urquhart & Sullivan LLP's suit seeking to collect payment of more than $30 million for legal work the firm performed to force the company to acquire the law firm's former client, a Massachusetts state court judge ruled.

  • August 13, 2026

    Lurin Judge Voices Doubts About Ch. 11 Plan

    A Texas bankruptcy judge Thursday declined to make a decision on the disclosure statement of an insolvent affiliate of real estate company Lurin LLC, saying he had doubts as to whether the debtor should proceed with a plan.

  • August 13, 2026

    Rising Star: Lowenstein Sandler's Colleen Restel

    Colleen M. Restel of Lowenstein Sandler LLP helped lead the charge of sex abuse claimants seeking redress in Catholic Church bankruptcies and represented creditors settling with TPI Composites Inc. in its Chapter 11, earning her a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

Expert Analysis

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • Series

    Preaching Makes Me A Better Lawyer

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    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • Perspectives

    Nursing Home Abuse Cases Face 3 Barriers That Need Reform

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    Recent headlines reveal persistent gaps in oversight and protection for vulnerable residents in long-term care, but prosecution of these cases is often stymied by numerous challenges that will require a comprehensive overhaul of regulatory, legal and financial structures to address, says Veronica Finkelstein at Wilmington University.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

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    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • Considerations When Invoking The Common-Interest Privilege

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    To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

  • Series

    The Law Firm Merger Diaries: Making The Case To Combine

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    When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.

  • Opinion

    Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

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    Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.

  • Rule Amendments Pave Path For A Privilege Claim 'Offensive'

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    Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.

  • Series

    My Miniature Livestock Farm Makes Me A Better Lawyer

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    Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.

  • Litigation Funding Could Create Ethics Issues For Attorneys

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    A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.

  • E-Discovery Quarterly: Recent Rulings On Dynamic Databases

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    Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

  • Drafting For Distress: D&O Policy Tips Ahead Of Ch. 11 Filings

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    Considering recent bankruptcy statistics and the economic climate, now is a good time for companies to revisit their directors and officers liability insurance coverage, as understanding how these programs are structured and which terms matter at placement or renewal can materially improve protection for leaders of a distressed company, say attorneys at Reed Smith.

  • Series

    Building With Lego Makes Me A Better Lawyer

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    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

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