Bankruptcy

  • June 08, 2026

    First Brands Pitches New Ch. 11 Plan To Avoid Liquidation

    Car parts maker First Brands Group on Monday touted a new Chapter 11 plan in Texas bankruptcy court about two weeks after a judge denied its bid to take votes on its previous effort, saying the new version gives creditors more time to vote and encompasses all the First Brands debtors instead of just one.

  • June 08, 2026

    Window Co. Hits Ch. 11 With $10M Debt, $875K Union Claim

    Pennsylvania window company Graboyes LLC has filed a Chapter 11 petition citing more than $10 million in liabilities, including $2.1 million in disputed loans and an $876,000 "note payable" to the International Union of Painters and Allied Trades District Council 21.

  • June 08, 2026

    Latham Brings On Kirkland Litigation Pro In Austin

    Latham & Watkins LLP announced Monday that it has fortified its litigation presence in Texas and nationally with an Austin, Texas-based partner who arrived from Kirkland & Ellis LLP.

  • June 08, 2026

    Bankman-Fried Seeks Trump Pardon On FTX Fraud Conviction

    FTX founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence, has asked President Donald Trump to pardon him for defrauding customers who placed billions of dollars with the fallen cryptocurrency exchange, according to the U.S. Department of Justice's Office of the Pardon Attorney.

  • June 08, 2026

    Insurance Brokerage GoHealth Hits Ch. 11 With Prepack Plan

    Health insurance broker GoHealth has filed for Chapter 11 protection in Delaware with $772 million in debt and a prepack equity-swap plan, saying medical costs are outpacing government reimbursement and that it is facing litigation alleging its involvement in a kickback scheme.

  • June 08, 2026

    Home Decor Biz Files Ch. 11 With Over $100M Debt, Sale Plans

    Simply Interior Homes, which makes home textiles and decor, filed for Chapter 11 protection Monday in Delaware bankruptcy court with at least $100 million in debt and a plan to sell its business.

  • June 05, 2026

    Spirit Unions Blast Executive Bonus Proposal In Ch. 11

    A pair of unions representing former Spirit Airlines employees Friday tore into the bankrupt airline's request to pay executives incentives to keep them on while the carrier winds down its operations, saying there is "no conscionable basis" to prioritize the highest-paid executives at the expense of the thousands of workers who lost their jobs.

  • June 05, 2026

    Saks Global OK To Exit Bankruptcy With $500M, Rebound Plan

    A Texas bankruptcy judge signed off Friday on retailer Saks Global's Chapter 11 plan, allowing the debtor to cut most of its existing debt and borrow $500 million in new money to support an effort to revitalize its business.

  • June 05, 2026

    King & Spalding Continues Funds Growth With Proskauer Duo

    King & Spalding LLP announced Thursday that it has hired two former Proskauer Rose LLP attorneys, one of whom co-led their prior firm's global finance and corporate and fund finance teams.

  • June 05, 2026

    Crypto Parent Calls Genesis Suit Improper Forum Shopping

    Digital Currency Group Inc. has asked a federal court to pull a Delaware Court of Chancery lawsuit brought by bankrupt crypto lender Genesis Global into the New York bankruptcy proceedings that have overseen the companies' dispute for more than two years, arguing that the case overlaps with claims already being litigated there.

  • June 05, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen the U.K.'s oldest Indian restaurant launch an appeal against King Charles III's property company in an effort to stop its eviction, trustees of a bankrupt former EY tax partner file a claim against his wife, and 37 leading insurers bring a lawsuit against agrichemical company Syngenta over an insurance dispute. Here, Law360 looks at these and other new claims in the U.K.

  • June 05, 2026

    Summer Camp Operator Files Ch. 11 With $500M-Plus Debt

    Summer camp operator SIMAD Holdings has filed for Chapter 11 protection in New Jersey bankruptcy court with more than $500 million in debt.

  • June 04, 2026

    QVC Defends Ch. 11 Plan Against Shareholder Objection

    QVC Group Inc. defended its Chapter 11 plan at the beginning of a multiday confirmation hearing, calling it the result of a robust, good-faith process and arguing that a competing proposal from objecting preferred shareholders would lead to years of litigation.

  • June 04, 2026

    Maverick Gaming Reaches SBA Settlement Over COVID Loans

    Casino operator Maverick Gaming told a Texas bankruptcy court it has arrived at a settlement with the U.S. Small Business Administration over its lawsuit seeking forgiveness for COVID-19 pandemic loans, a deal that would allow SBA proofs of claim as general unsecured claims.

  • June 04, 2026

    Rusoro Says Gold Reserve Can't Blame It For Failed Citgo Bid

    Rusoro Mining Ltd. urged the Delaware Chancery Court on Thursday to dismiss Gold Reserve Ltd.'s lawsuit over a failed bid for Citgo Petroleum Corp.'s parent company, arguing the case is an improper attempt to interfere with a federal court auction that already ended with the approval of a competing bid.

  • June 04, 2026

    2nd Circ. Rejects Bid To Rehear $16B YPF Argentina Ruling

    The Second Circuit will not review its decision this year reversing a New York judge's $16 billion judgment against Argentina arising from its nationalization of YPF SA, the country's largest oil and gas exploration company, despite arguments that the ruling was "profoundly misguided."

  • June 04, 2026

    Texas Oil Exec Mulacek Hits Ch. 11 With $210M Judgment Debt

    Empire Petroleum Corp. Chairman Philippe Mulacek filed a Chapter 11 petition Thursday, pausing enforcement efforts against him over a more than $210 million judgment in a long-running Texas federal court fight with Swiss financier Carlo Civelli.

  • June 04, 2026

    Wind Co. Gets OK On Ch. 11 Plan And $129M Sale

    A Texas bankruptcy judge has approved bankrupt wind energy company Shannon Wind's $129.5 million sale and its Chapter 11 liquidation plan.

  • June 04, 2026

    Inotiv Gets Cash Access To Pursue Ch. 11 Prepack Track

    Bankrupt drug research and development company Inotiv Inc. received interim approval on Thursday to access a $25 million bankruptcy loan as it pursues a prepackaged balance sheet restructuring in Texas court.

  • June 03, 2026

    Brembo Beats NASCAR Supplier's NC Extortion Claims

    A North Carolina federal judge has tossed a NASCAR parts distributor's lawsuit alleging Brembo NV improperly interfered with its contractual negotiations with a longstanding business partner, ruling Tuesday that the company failed to plausibly allege the Italian parts manufacturer acted with malice.

  • June 03, 2026

    Bankrupt Hospital Can't Exit $3B BCBS Antitrust Deal

    A bankrupt Alabama hospital with "settler's remorse" can't bail on a multibillion-dollar antitrust settlement with Blue Cross Blue Shield, a federal judge ruled Tuesday.

  • June 03, 2026

    Pillsbury Hit With Suit Over Alleged $145M Loan Fraud

    An investment fund has filed a complaint in New York State court accusing a Pillsbury Winthrop Shaw Pittman partner of conspiring with convicted fraudsters to con the fund into writing a $145 million loan to now-defunct financial services company Aspiration Partners.

  • June 03, 2026

    Purdue Pharma Heir Sues Son Over Sackler Matriarch's Estate

    Former Purdue Pharma LP President Richard Sackler has appealed a Connecticut probate court decision favoring his son David Sackler in a dispute over his mother Beverly Sackler's estate, saying a judge ignored self-dealing rules when approving his son's request to assign trust interests to a public charity.

  • June 03, 2026

    Makeup Ingredient Supplier Miyoshi Gets Ch. 11 Plan OK

    A Texas bankruptcy judge Wednesday gave the go-ahead for Miyoshi America Inc., a supplier of cosmetics ingredients, to implement its prepackaged Chapter 11 plan to address tort claims, finding the proposal was backed by an "incredible amount of people."

  • June 03, 2026

    3rd Circ. Nixes DOL's $35.8M Nursing Home Wage Win

    Federal wage law doesn't allow workers to recover pay for nonovertime hours during weeks when they logged more than 40 hours, the Third Circuit held Wednesday as a matter of first impression, partially undoing a $35.8 million win for the U.S. Department of Labor against bankrupt nursing homes.

Expert Analysis

  • How Del. Courts Will Likely Evaluate AI Oversight Claims

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    While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial intelligence risk, recent Court of Chancery decisions suggest that familiar Caremark principles will be applied in predictable but consequential ways, particularly when AI touches mission‑critical operations, say attorneys at WilmerHale.

  • Series

    The Biz Court Digest: Georgia Court Has Business On Its Mind

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    Thanks to recent legislation, the Georgia State-wide Business Court will soon offer business litigants greater access to the court than ever before, further enhancing the court's emphasis on efficiency, predictability and accessibility for sophisticated commercial disputes, says former GSBC judge Walt Davis at Jones Day.

  • 4 Emerging Approaches To AI Protective Order Language

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    Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.

  • GCs Can Read Debt Cycles To Spot Risk, Opportunity

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    With the conflict in Iran among many other factors that are further unsettling the geopolitical and economic environment, general counsel who understand credit risk and the debt cycle can offer a significant competitive advantage to help companies mitigate enterprise risk, says Samuel Keltner at Akin.

  • Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

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    While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

  • The Ethics And Practicalities Of Representing AI Agents

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    With autonomous artificial intelligence agents now able to take action without explicit instructions from — or the awareness of — their human owners, the bar must confront whether existing frameworks like informed consent and client privilege will be sufficient on the day an AI agent calls seeking counsel, say attorneys at Morrison Cohen.

  • Series

    Speed Jigsaw Puzzling Makes Me A Better Lawyer

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    My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.

  • 2 AI Snafus Show Why Attys Can't Outsource Judgment

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    The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.

  • Series

    Playing Magic: The Gathering Makes Me A Better Lawyer

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    The competitive card game Magic: The Gathering offers me a training ground for the strategic thinking skills crucial to litigation, challenging me to adapt to oft-updated rules, analyze text as complicated as any statute and anticipate my opponent’s next moves, says Christopher Smith at Lash Goldberg.

  • Improving Well-Being In Law, 10 Years After Landmark Study

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    An important 2016 study revealed significant substance abuse and mental health issues among lawyers, and while the findings helped normalize the conversation around these topics, a decade later, structural change is still needed, says Denise Robinson at PLI.

  • Opinion

    Judge-Led Bankruptcy Mediation Can Be The Best Option

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    Despite industry scrutiny of U.S. Bankruptcy Judge Michael Kaplan's recent decision to mediate the Multi-Color Chapter 11 case over which he was presiding, there is no single federal decision holding flatly against this, and, in the right circumstances, it may even be the best option, says Kenneth Rosen at Ken Rosen Advisors.

  • Series

    Officiating Football Makes Me A Better Lawyer

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    Though they may seem to have little in common, officiating football has sharpened many of the same skills that define effective lawyering in management-side labor and employment: preparation, judgment, composure, credibility and ability to make difficult decisions in real time, says Josh Nadreau at Fisher Phillips.

  • Series

    Law School's Missed Lessons: How To Draft Pleadings

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    Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or other type of pleading, but that gap can be closed by understanding the strategy embedded in every filing, writing with clarity and purpose, and seeking feedback at every step, says Eric Yakaitis at Haug Barron.

  • E-Discovery Quarterly: Recent Rulings On ESI Control

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    Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

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