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Bankruptcy
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February 06, 2026
Ch. 11 Judge Urged To Suspend 'Dictatorial' FAT Brands CEO
FAT Brands creditors asked a Texas bankruptcy judge Thursday to suspend the restaurant franchiser's CEO Andrew Wiederhorn, arguing that within days of filing Chapter 11, Wiederhorn sold $3.1 million in equity without court approval, proving he's "dictatorial" and is "incapable of distinguishing a public company's property from his own."
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February 06, 2026
Imerys Insurers Make Final Stand Against Ch. 11 Plan
Parties supporting Imerys Talc America Inc. and Cyprus Mines Corp.'s joint Chapter 11 plan squared up one last time against dissenting insurers in Delaware bankruptcy court Friday, each side hoping to win a fight over the treatment of foreign tort claims that derailed a confirmation in April.
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February 06, 2026
Linqto Gets OK For Ch. 11 Plan With Stock Deal
A Texas bankruptcy judge Friday agreed to approve Linqto's Chapter 11 plan, finding it had overwhelming creditor support and overruling objections from the defunct private investment platform's onetime leader.
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February 06, 2026
Contractor Owner Fights Perjury Charges Tied To Bankruptcy
The owner of a bankrupt government contractor has asked a Delaware federal court to throw out a perjury indictment against her, arguing federal prosecutors criminalized what she said were good faith, and in some cases accurate, disclosures made during a fast-moving bankruptcy case
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February 06, 2026
3rd Circ. Remands J&J Unit's Libel Suit Over Talc Study
Johnson & Johnson's talc liability unit will get another chance to pursue libel claims against a scientist over an article she wrote linking talcum power to mesothelioma, after the Third Circuit agreed to send the case back to New Jersey federal court.
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February 06, 2026
TPG Hid Exactech Defects To Dodge Liability, Trust Alleges
The settlement trust of joint implant maker Exactech filed a billion-dollar lawsuit in Delaware Chancery Court against TPG Inc., accusing the private equity firm of controlling Exactech after buying it in 2018, concealing the implants' defects, delaying product recalls and pushing the company into Chapter 11 to avoid liability.
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February 06, 2026
NJ Watchdog Must Give Up Files In Hospital Row
A New Jersey federal judge has refused to disturb a magistrate judge's decision compelling a state watchdog to turn over documents from its inquiry into CarePoint Health Systems Inc., rejecting the agency's bid to shield its files with grand-jury-like secrecy and reaffirming that federal privilege law governs discovery disputes in federal court.
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February 06, 2026
Beasley Allen Disqualified From NJ Talc Multicounty Litigation
A New Jersey state appeals court disqualified the Beasley Allen Law Firm from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powder, ruling Friday that a former Faegre Drinker Biddle & Reath LLP lawyer's collaborative efforts with the firm's attorneys violated ethics rules.
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February 05, 2026
Buffalo Diocese Abuse Settlement Rises To $315M In Ch. 11
The Roman Catholic Diocese of Buffalo is making progress in settling roughly 900 claims of child sexual abuse, with the financial settlement approaching $315 million, counsel for the unsecured creditors committee in the diocese's Chapter 11 case announced Thursday.
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February 05, 2026
Ex-Alex Jones Atty Asks Conn. Justices To Nix Suspension
A Connecticut attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case has asked the state's highest court to consider whether it was proper for a judge to suspend his law license for violating a protective order governing Sandy Hook families' personal information.
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February 05, 2026
Cano Health CEO Accused Of Misleading $30M Share Buyer
The former chief operating officer of Cano Health Inc. told a Florida state court that ex-CEO Marlow Hernandez misled him into buying $30 million worth of shares in the company despite knowing it was on the brink of insolvency.
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February 05, 2026
FAT Brands Seeks OK To Use Subsidiary Stock Sale Cash
FAT Brands is asking a Delaware bankruptcy judge for permission to use the proceeds from a sale of new shares in one of its subsidiary restaurant chains, saying it needs the more than $3 million in cash to fund its Chapter 11 case.
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February 05, 2026
Defunct Gov't Contractor Found In Contempt Of Asset Freeze
The U.S. Bankruptcy Court for the District of Delaware has held the owners and affiliates of a defunct government contractor in contempt for violating a court-ordered asset freeze, concluding that they improperly sold a Missouri property that had been expressly barred from transfer while a $14 million clawback suit proceeds.
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February 05, 2026
Nicklaus Golf Co. Gets $50M Baseline Bid For Licensing Biz
A $50 million offer from brand manager Iconix International will be the baseline bid for a Chapter 11 auction of licensing rights for golf legend Jack Nicklaus' name, rights holder GBI Services has told a Delaware bankruptcy judge.
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February 05, 2026
Retailer Francesca's Hits Ch. 11 To Support Wind-Down
Francesca's, a women's clothing boutique, filed for Chapter 11 bankruptcy relief Thursday in New Jersey to support an orderly store closing and wind-down of its business.
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February 04, 2026
American Signature Furniture Gets Ch. 11 Sale OK In Del.
The bankrupt American Signature Furniture secured approval late Wednesday to move forward with a nearly $159 million sale to its top creditors — interests of the Schottenstein family of companies — after they emerged as the sole bidders in the company's Chapter 11 sale in Delaware.
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February 04, 2026
Insurer Objects To $8M Claim Deal In Albany Diocese Ch. 11
Lloyd's Of London and other insurers objected Tuesday to a motion from the bankrupt Roman Catholic Diocese of Albany, New York, seeking to allow an $8 million judgment in favor of an individual abuse claimant, saying the proposal runs afoul of an earlier order of the bankruptcy court prohibiting such judgments.
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February 04, 2026
Hartford HealthCare Must Provide Docs On $86M Takeovers
Hartford HealthCare Corp. must hand over internal documents detailing its $86.1 million acquisitions of two hospitals from bankrupt Prospect Medical to a group of plaintiffs who accuse the health system of trying to create a monopoly for inpatient hospital services, a Connecticut state court judge has ruled.
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February 04, 2026
First Brands Creditors Seek To Hire Nardello For Fraud Probe
First Brands Group's unsecured creditors urged a Texas bankruptcy judge to let them retain Nardello & Co. as a forensic financial adviser and assist with their investigation into the "pervasive looting and fraud" that they allege precipitated the auto parts maker's Chapter 11 case.
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February 04, 2026
Shipping Co. Eletson Can Seek Arrest Of Ex-Officials
A New York bankruptcy judge on Wednesday allowed shipping group Eletson Holdings Inc. to seek the arrest and incarceration of former Eletson directors and others who the company says have failed to appear at court-ordered depositions.
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February 03, 2026
Sealed Letter Halts Sentencing Of 50 Cent's Ex-Associate
The sentencing of a former executive at rapper Curtis "50 Cent" Jackson's liquor brand came to an 11th-hour halt Tuesday following the prosecution's letter suggesting he violated his agreement in which he pled guilty to fraud.
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February 03, 2026
Coverage Barred For Mortgage Fee Dispute, 2nd Circ. Says
Insurers for a bankrupt financial services company are not obligated to cover settlement payments and defense costs stemming from a pair of mortgage fee class actions, the Second Circuit affirmed Tuesday, finding the claims fall squarely within an exclusion for fee-related losses.
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February 03, 2026
Google Erroneously Removed Biz Profile, Colo. Law Firm Says
Google's artificial intelligence summary erroneously referred to a nonexistent false review of a Denver bankruptcy law firm before Google removed the firm's business profile without explanation, the firm told a Colorado state court.
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February 03, 2026
Inspired Healthcare Capital Hits Ch. 11 With $1B+ Debt
Senior living-focused private equity investor Inspired Healthcare Capital has filed for Chapter 11 protection in a Texas bankruptcy court, listing between $1 billion and $10 billion in debt and with plans to pursue an asset sale.
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February 02, 2026
Businessman Fights Sanctions In $500M Miss America Feud
Attorneys for a Florida businessman locked in a $500 million dispute over the ownership of the Miss America pageant urged a federal judge Monday not to sanction their client for filing allegedly false documents, arguing they withdrew the documents once they were notified of questions about their authenticity.
Expert Analysis
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E-Discovery Quarterly: Recent Rulings On Dynamic Databases
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.
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Drafting For Distress: D&O Policy Tips Ahead Of Ch. 11 Filings
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.
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Series
Building With Lego Makes Me A Better Lawyer
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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Series
Law School's Missed Lessons: Networking 101
Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.
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Defeating Estoppel-Based Claims In Legal Malpractice Actions
State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.
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Series
The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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Why Appellees Should Write Their Answering Brief First
Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.
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Questions To Ask Your Client When Fraud Taints Financing
As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.
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Series
Mindfulness Meditation Makes Me A Better Lawyer
Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.
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AI Litigation Tools Can Enhance Case Assessment, Strategy
Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.
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Attys Beware: Generative AI Can Also Hallucinate Metadata
In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.
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When Atty Ethics Violations Give Rise To Causes Of Action
Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.
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Series
Practicing Stoicism Makes Me A Better Lawyer
Practicing Stoicism, by applying reason to ignore my emotions and govern my decisions, has enabled me to approach challenging situations in a structured way, ultimately providing advice singularly devoted to a client's interest, says John Baranello at Moses & Singer.
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Series
The Biz Court Digest: Texas, One Year In
A year after the Texas Business Court's first decision, it's clear that Texas didn't just copy Delaware and instead built something uniquely its own, combining specialization with constitutional accountability and creating a model that looks forward without losing touch with the state's democratic and statutory roots, says Chris Bankler at Jackson Walker.
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Series
Law School's Missed Lessons: Educating Your Community
Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.