Bankruptcy

  • June 09, 2026

    Columbia Bank Must Face Suit Over $230M Ponzi Scheme

    A Washington federal judge on Tuesday preserved a bankruptcy trust's lawsuit against Columbia Bank, finding that the trust adequately alleged the bank helped a real estate business' former operators run a $230 million Ponzi scheme.

  • June 09, 2026

    Sand Miners Say They Are Nearing Ch. 11 Sale Deal

    Two bankrupt fracking sand miners on Tuesday asked a Texas bankruptcy judge for one more week to reach a deal for a cash offer outbidding the current $21 million stalking horse credit bid for their businesses.

  • June 09, 2026

    The Law360 400: A Look At The Top 100 Firms

    The race to build the legal industry's largest law firm accelerated in 2025, with major firms leaning on mergers, lateral hiring and strategic expansion to climb the ranks of the Law360 400.

  • June 08, 2026

    Judge Awards $2.2M In Sanctions In $500M Miss America Spat

    A Florida businessman who claims that he owns the Miss America pageant and his attorney were ordered Monday to pay $2.2 million in sanctions for submitting fraudulent documents in a $500 million dispute over ownership of the pageant and using them to put the company into bankruptcy.

  • June 08, 2026

    Denver Developer Accused Of Lies To Dodge Loan Repayment

    A real estate investment firm has claimed in Colorado state court that a Denver developer lied numerous times to refinance on three occasions a promissory note governing the development of a residential lot on the north side of the city, alleging that the developer owes nearly $380,000 in damages.

  • June 08, 2026

    Fed. Circ. Panel Backs Invalidation Of OxyContin Patent

    The Federal Circuit on Monday upheld a Delaware federal court's decision that deemed invalid a Purdue Pharma patent covering an abuse-deterrent version of the opioid OxyContin, rebuffing the company's arguments that the lower court got its obviousness analysis wrong.

  • June 08, 2026

    Liability Insurer Owes $1M On $13M Botched Surgery Verdict

    A medical professional liability insurer will pay its $1 million policy limit toward a $13 million verdict against a Washington state doctor in a botched cosmetic surgery case, a federal judge has ruled.

  • 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.

Expert Analysis

  • Malpractice Claim Assignability Continues To Divide Courts

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    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.

  • When Bankruptcy Collides With Product Recalls

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    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.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    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.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    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.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    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.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    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.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    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.

  • 2 Rulings Showcase Fuzzy Limits Of 'Related To' Jurisdiction

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    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.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

  • Series

    Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief

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    My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.

  • Series

    Law School's Missed Lessons: How To Start A Law Firm

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    Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.

  • Series

    Hosting Exchange Students Makes Me A Better Lawyer

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    Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.

  • How A 1947 Tugboat Ruling May Shape Work Product In AI Era

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    Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.

  • NJ Ruling Sheds Light On When 'Stub Rent' Must Be Paid

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    A New Jersey bankruptcy court's recent decision in New Rite Aid affirms that landlords can have "stub rent" treated as an administrative expense and highlights critical considerations for debtors, including the importance of deciding when and where to file for bankruptcy, say attorneys at Cleary.

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