Bankruptcy

  • June 16, 2026

    US Magnesium Creditors Get OK On Ch. 11 Liquidation Plan

    A Delaware bankruptcy judge Tuesday signed off on a Chapter 11 liquidation plan proposed by US Magnesium's unsecured creditors, overruling objections to the deal by the debtor's owner and Wells Fargo.

  • June 16, 2026

    Highpower Investor Seeks Receiver For Dissolved Battery Co.

    A former Highpower International Inc. stockholder has asked the Delaware Chancery Court to appoint a receiver to take control of the dissolved battery maker's remaining assets and affairs, arguing it stripped itself of valuable assets while an appraisal case was pending and may no longer be capable of addressing outstanding claims.

  • June 16, 2026

    Fla.'s Brightline Railway Gets Bond Payment Extension

    The Florida Development Finance Corp. has extended the term rate on $985 million in bonds borrowed by Brightline Florida Holdings LLC in relation to a project to expand passenger rail in the Sunshine State, according to a notice released Tuesday.

  • June 16, 2026

    Crypto Firm BlockFills Gets OK For $3.25M Ch. 11 Sale

    A Delaware bankruptcy judge on Tuesday agreed to approve the $3.25 million sale of cryptocurrency financial technology firm BlockFills to a Belgian digital asset investment group as BlockFills prepares for a Chapter 11 plan confirmation hearing.

  • June 16, 2026

    Texas Insurer Hits Ch. 11 With $134M Debt, Prepackaged Plan

    Insurance company Hallmark Financial Services has filed for Chapter 11 protection in Texas with a prepackaged plan to deal with nearly $134 million in debt with either a sale or an equity swap.

  • June 15, 2026

    Oakland Diocese Seeks OK For $180M Abuse Fund Ch. 11 Plan

    The Roman Catholic Diocese of Oakland on Monday asked a California bankruptcy judge to approve its $180 million Chapter 11 plan over the objections of sexual abuse claimants who argue the diocese can afford to give them a larger settlement.

  • June 15, 2026

    1st Circ. Says Puerto Rico Bankruptcy Doesn't Shield Officials

    The First Circuit ruled that Puerto Rico's financial restructuring does not protect government officials from being sued in their personal capacities for alleged civil rights violations, rejecting the arguments of the territory's financial oversight board.

  • June 15, 2026

    J&J Wants Talc MDL Tossed After Plaintiffs Withdraw Experts

    Johnson & Johnson urged a New Jersey federal court to toss all the pending cases in the sprawling multidistrict litigation alleging that its talc products caused ovarian cancer after the plaintiffs withdrew their two "marquee" experts on the link between the disease and talc use.

  • June 15, 2026

    Carlton Fields Pushes To Be Involved In Miss America Hearing

    Carlton Fields pushed back Monday on a request from the CEO of Miss America and companies linked to the pageant to bar a firm attorney from a status conference in their litigation over Miss America's bankruptcy and filed a motion to intervene in the case.

  • June 15, 2026

    NYC's Simry Realty Hits Ch. 11 In Midst Of Family Feud

    Simry Realty Corp., a company controlled by the Haruvi family that co-owns several apartment buildings in Manhattan, has filed for Chapter 11 protection in New York with up to $100 million in debt, saying a dispute with the daughter of developer Arthur Haruvi has blocked its reorganization and threatened its properties.

  • June 15, 2026

    California Soda Ash Miner Hits Ch. 11 With $85M Secured Debt

    A California soda ash and borate mining operation filed for Chapter 11 protection Monday in Delaware bankruptcy court with $85.5 million of secured debt and plans to sell its assets.

  • June 12, 2026

    2nd Circ. Backs Bankman-Fried's 25-Year Fraud Conviction

    The Second Circuit on Friday upheld Sam Bankman-Fried's conviction and an $11 billion forfeiture order in an opinion that found the ex-CEO's claims that he could have made FTX customers whole didn't matter in the face of the government's "robust" evidence of his role in the fraud that felled the cryptocurrency exchange.

  • June 12, 2026

    Detroit Tried To Seize Project, Developer Says In Suit

    A development company that sought to revive a 38-acre Detroit hospital campus and transform it into a $148 million commerce and innovation hub has filed a complaint in Michigan bankruptcy court claiming the city of Detroit and the Detroit Land Bank Authority are unlawfully obstructing the project and trying to reclaim the parcel for political reasons.

  • June 12, 2026

    Auto Parts Co. First Brands Spared Ch. 7 Conversion

    A Texas bankruptcy judge on Friday allowed auto parts maker First Brands to send the fifth version of its Chapter 11 plan out for a vote, denying a U.S. trustee motion to scuttle the plan and dismiss or convert the case to a Chapter 7.

  • June 12, 2026

    Jane Street Used Tips To Dodge Losses, Terraform Says

    The administrator for bankrupt cryptocurrency company Terraform Labs has urged a New York federal court not to dismiss his suit against trading firm Jane Street over claims the firm used confidential information to profit from Terraform's collapse, arguing that it is liable as an insider and a tippee.

  • June 12, 2026

    9th Circ. Judge Doubts Google Rival's 'Broad' Antitrust Suit

    A Ninth Circuit judge appeared skeptical Friday of efforts to revive allegations that Google harmed market competition for digital advertising by booting a now-defunct advertising app from its Play Store, saying Google has many rivals in the "very broad" proposed market and asking the plaintiff, "So what's the injury?"

  • June 12, 2026

    Texas Court Urged To Keep Judge Romance Suit Alive

    In multiple filings, EJS Investment Holdings LLC has asked a Texas federal judge to reject attempts by former U.S. Bankruptcy Judge David Jones and other parties to dismiss its proposed class action over his secret romance with a former Jackson Walker LLP partner.

  • June 12, 2026

    Sleep Number Hits Chapter 11 With $415M Sale Offer

    Personalized mattress retailer Sleep Number Corp. filed for Chapter 11 protection Friday in New York to quickly sell its assets, citing macroeconomic challenges and a chaotic tariff landscape over the last year.

  • June 11, 2026

    Lenders Spar Over First Brands Inventory Liens In Ch. 11

    A secured lender to bankrupt auto parts-maker First Brands Group told a Texas judge on Thursday that it has senior liens on inventory that served as loan collateral for a subsidiary of the debtor, and asked for the imposition of an injunction that would keep the proceeds of inventory sales from being distributed.

  • June 11, 2026

    Venezuela Turns To Greenberg Traurig In Citgo Sale Appeal

    Venezuela has tapped heavyweight lawyers from Greenberg Traurig LLP as its new counsel in a Third Circuit appeal challenging a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of the country's debt.

  • June 11, 2026

    23andMe To Pay $46.7M To Resolve Data Breach Claims

    The plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe has struck a deal to pay $46.7 million to data breach claimants, saying the move brings 23andMe one step closer to resolving the fallout of a massive data breach in 2023.

  • June 11, 2026

    NY Power Plant Hits Chapter 11 After Nixing Revamp Plans

    Danskammer Energy, a Hudson Valley power plant operator, filed for Chapter 11 bankruptcy in Delaware, nearly two years after it pulled the plug on redevelopment plans that faced legal challenges and community pushback.

  • June 11, 2026

    Miss America CEO Wants Ex-Atty Barred From Court

    The CEO of Miss America and companies linked to the pageant asked a Florida federal court on Thursday to bar their former counsel Carlton Fields from a status conference in their litigation over Miss America's bankruptcy, arguing the firm is not a party and is no longer counsel of record.

  • June 11, 2026

    Quinn Emanuel Settles International Oil Feud With Ex-Client

    Quinn Emanuel and a Mexican oil company told a Miami federal court they have reached a settlement in a bitter dispute stemming from the firm's representation of the company amid a New York bankruptcy, resolving claims in U.S., Mexican and Singaporean courts.

  • June 11, 2026

    Justices Reject 5th Circ. Estoppel Ruling In Ch. 13 Case

    The U.S. Supreme Court on Thursday vacated and remanded a Fifth Circuit ruling that let judicial estoppel bar a Chapter 13 debtor from pursuing tort litigation after he failed to disclose the claim to a bankruptcy court, deciding that the circuit court did not consider the totality of the facts and circumstances of the case.

Expert Analysis

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • Time Limit Case Highlights How Justices Apply Federal Rules

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    In Coney Island Auto Parts Unlimited v. Burton, the U.S. Supreme Court sided with the minority in a circuit split on when a litigant can seek relief from an allegedly void judgment — but the decision's most important lessons may be about the high court's interpretive approach to the Federal Rules of Civil Procedure, say attorneys at McDermott.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Lessons From Justices' Split On Major Questions Doctrine

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    The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.

  • Series

    Volunteering With Scouts Makes Me A Better Lawyer

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    Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.

  • Series

    Law School's Missed Lessons: In Court, It's About Storytelling

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    Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.

  • Why SDNY May Be Dusting Off The Financial Kingpin Statute

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    The Southern District of New York’s recent fraud indictments against executives of bankrupt companies Tricolor and First Brands have seemingly revived the Continuing Financial Crimes Enterprise statute, and if the cases succeed, prosecutors across the country will have ample reason to reach for this long-dormant tool, say attorneys at Lankler Siffert & Wohl.

  • Charges Signal Tougher Stance On Execs' Bankruptcy Fraud

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    The recent criminal charges stemming from the Tricolor and First Brands bankruptcy cases may represent a sea change in the willingness of federal prosecutors to use bankruptcy fraud as a basis to charge corporate officers more frequently alongside traditional statutes such as wire fraud, bank fraud and money laundering, say attorneys at White & Case.

  • Aligning Microsoft Tools With NYC Bar AI Recording Guidance

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    The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.

  • 5 Different AI Systems Raise Distinct Privilege Issues

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    A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.

  • Opinion

    AI-Assisted Arbitration Needs Safeguards To Ensure Fairness

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    As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, ​​​​​​​clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.

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