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Bankruptcy
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Expert Analysis
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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Saks' Post-M&A Bankruptcy Illustrates Current Market Risks
The recent Saks Fifth Avenue bankruptcy occurred on the heels of its merger with fellow luxury purveyor Neiman Marcus, showing that capital structure, not concept, dictates resilience when conditions turn, says Ben Thompson at Thompson.
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If Your AI Vendor Goes Bankrupt: Tackling Privacy And 'Utility'
Because bankruptcies of artificial intelligence vendors will require courts to decide in the moment how to handle bespoke deals for AI tools, customers that anticipate consumer privacy concerns in asset disposition and questions about utility and critical-vendor classifications can be better positioned before proceedings, say attorneys at Sidley.
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.
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If Your AI Vendor Goes Bankrupt: Keeping Licensed IP Access
With contracting norms still evolving to account for the licensing of artificial intelligence tools, customers that need to retain access to key AI products in the event of vendor’s bankruptcy should consider four elements that could determine whether they may invoke traditional Section 365(n) intellectual property protections, say attorneys at Sidley.
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Malpractice Claim Assignability Continues To Divide Courts
Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.
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When Bankruptcy Collides With Product Recalls
The recent bankruptcy filing by Rad Power Bikes on the heels of a U.S. Consumer Product Safety Commission warning about dangerously defective batteries sold by the company highlights how CPSC enforcement clashes with bankruptcy protections, leaving both regulators and consumer litigants with limited options, says Michael Avanesian at Avian Law Group.
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Series
Teaching Logic Makes Me A Better Lawyer
Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.
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Series
Law School's Missed Lessons: Practicing Resilience
Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.
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NYC Bar Opinion Warns Attys On Use Of AI Recording Tools
Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.
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Series
The Biz Court Digest: Dispatches From Utah's Newest Court
While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.
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4 Quick Emotional Resets For Lawyers With Conflict Fatigue
Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.
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2 Rulings Showcase Fuzzy Limits Of 'Related To' Jurisdiction
The Fifth and Ninth Circuits recently handed down decisions, in Sanchez Energy and Sawtelle Partners, respectively, reminding practitioners that bankruptcy court jurisdiction over lingering disputes is not guaranteed, regardless of whether confirmation orders contain specific "retention of jurisdiction" language, says Brian Shaw at Cozen O’Connor.