Bankruptcy

  • April 29, 2026

    Restaurant Group Fat Brands Names Ch. 11 Auction Winners

    An auction for assets of Fat Brands Inc. netted offers totaling $10.5 million for two restaurant chains and credit bids for the company's 16 other brands, according to notices in its Chapter 11 case.

  • April 29, 2026

    Del. High Court Affirms Dismissal Of FTX Claim Deal Suit

    The Delaware Supreme Court has upheld a lower court's dismissal of a dispute over a failed attempt to purchase a multimillion-dollar claim tied to the collapse of onetime crypto giant FTX Trading Ltd., affirming that the case does not belong in Delaware courts.

  • April 28, 2026

    Celsius' Mashinsky Must Pay FTC $10M

    A Manhattan federal judge on Tuesday ordered Celsius Network's co-founder to pay $10 million to the U.S. Federal Trade Commission to settle litigation saying he misrepresented the cryptocurrency lender's practices and safety measures, and that she'd suspend a $4.7 billion judgment based on his cooperation with the government.

  • April 28, 2026

    4th Circ. Says Ch. 13 Plan Keeping 3 Cars Lacks Good Faith

    A panel of the Fourth Circuit upheld the rejection of a North Carolina resident's Chapter 13 plan, saying Tuesday the plan complied with the letter of the Bankruptcy Code but was not an "honest effort" to pay his debts.

  • April 28, 2026

    Judge Grants Mortgage Broker Stock Sale Notice

    A Delaware bankruptcy judge on Tuesday allowed bankrupt home lending broker Impac Mortgage to continue to control the sale of its stock after hearing that millions of dollars in transactions took place despite an emergency order he entered Monday to restrict trading.

  • April 28, 2026

    Makeup Ingredient Supplier Hits Ch. 11 Over Talc Torts

    Miyoshi America Inc., a supplier of cosmetics ingredients, filed for bankruptcy protection in Texas on Monday with a preapproved Chapter 11 plan aimed at putting to rest asbestos-related personal injury litigation with a $20 million trust.

  • April 28, 2026

    Purdue Pharma's $5.5B Plea Deal Clinched As Survivors Protest

    OxyContin maker Purdue Pharma LP has to pay a $3.5 billion fine and forfeit an additional $2 billion, more than five years after it pled guilty to criminal charges related to its role in the opioid crisis, a New Jersey federal judge said Tuesday.

  • April 28, 2026

    Flipcause Converted To Chapter 7 After Sale, Creditor Deal

    A Delaware judge Tuesday agreed to convert the bankruptcy of charity financial technology group Flipcause to a Chapter 7 liquidation after its Chapter 11 trustee sold its assets and reached a settlement with creditors.

  • April 28, 2026

    North Carolina HBCU Hits Ch. 11 With Over $50M In Debt

    Saint Augustine's University, one of the nation's oldest historically Black colleges and universities, has filed for Chapter 11 protection in North Carolina bankruptcy court with up to $100 million in liabilities, nearly a year after losing its accreditation.

  • April 28, 2026

    Retail Data Firm Can Tap $34.2M DIP As It Plans Ch. 11 Sale

    A Texas bankruptcy judge Tuesday gave interim approval to Wiser Solutions Inc.'s $34.2 million debtor-in-possession loan, freeing up $4.2 million in new funds as the retail data software company eyes a June Chapter 11 auction.

  • April 27, 2026

    Reed Smith Targeted In Eletson Gas Ownership Fracas

    Reed Smith LLP and two of its partners are facing a $262 million lawsuit in a long-running and bitter dispute over ownership of an international gas shipping company, as well as other issues that remain unresolved following the vacatur of an underlying $102 million arbitral award for fraud.

  • April 27, 2026

    Retail Data Co. Wiser Solutions Hits Ch. 11 With $563M In Debt

    Wiser Solutions, a software company that collects data from retailers, has filed for Chapter 11 protection in Texas bankruptcy court with about $563 million in debt and plans to sell its business to its main lender.

  • April 27, 2026

    Kitchen Design Co. Abruptly Hits Ch. 7 With $100M+ Liabilities

    Wren US Holdings Inc., a kitchen design firm based in the northeastern United States, has filed for Chapter 7 liquidation in Delaware, citing between $100 million and $500 million each of assets and liabilities.

  • April 27, 2026

    3rd Circ. Panel Once Again Backs Talc Co. Whittaker's Ch. 11

    The Third Circuit on Monday upheld its decision that Whittaker Clark & Daniels was authorized to file for Chapter 11 and certain claims against the defunct talc supplier's corporate successor belong to the debtor, not personal injury claimants.

  • April 27, 2026

    Flagstar Bank Wins Liability Ruling Against Ex-Live Well Exec

    A Michigan federal judge Monday granted Flagstar Bank's bid for summary judgment on liability for its civil conspiracy claim against a former executive of reverse-mortgage company Live Well, finding his guilty plea admissions in a related criminal case established that he joined a scheme to mislead lenders through inflated bond valuations.

  • April 27, 2026

    Albright Exits Verizon Case Over Ties To Patent Owner

    U.S. District Judge Alan Albright has dropped out of overseeing a case in which Verizon is suing a patent holding company for allegedly trying to dodge a more than $500,000 attorney fee award, citing communications with the patent holder from a decade ago.

  • April 27, 2026

    Pool Co. Wins Extra $1.3M In Atty Fees For Unpaid Judgment

    Attorneys from McCarter & English LLP, Womble Bond Dickinson and Georgiou Partnership LLP who represent a U.S.-based swimming pool parts manufacturer won an additional $1.3 million in attorney fees for their efforts to collect a more than $17 million judgment against a Chinese rival.

  • April 27, 2026

    Justices Skip Live Well Founder's Bond Fraud Conviction

    The U.S. Supreme Court on Monday declined to review the conviction of Live Well Financial founder Michael Hild for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it.

  • April 24, 2026

    Real Estate Recap: Insurance Allure, People Pinch, Blackstone

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including an alluring source of capital for real estate investment trusts, how competition for skilled workers may hamper data center development, and Blackstone Inc.'s take on the first quarter of the year.

  • April 24, 2026

    Spirit Execs Say Investor Suit Can't Lean On 'Hindsight'

    Spirit Aviation's current and former top executives have urged a Florida federal court to toss a proposed shareholder class action that accuses them of misleading investors about the company's prospects amid two bankruptcy filings, saying an investor failed to allege any misleading statements and instead relied on impermissible "fraud-by-hindsight" allegations.

  • April 24, 2026

    Rakoff Tosses Securities Fraud Claims Against Coinbase

    U.S. District Judge Jed Rakoff has tossed securities fraud claims against cryptocurrency exchange Coinbase brought by investors in a digital asset that tracked the native token of the now-failed Terraform blockchain ecosystem.

  • April 24, 2026

    9th Circ. Won't Renew Wash. Developer's Suit Against County

    A Ninth Circuit panel declined Friday to resurrect a Washington developer's lawsuit accusing Whatcom County officials of violating its constitutional rights by scaling back a housing development plan, concluding that the firm hasn't shown a protected stake in the property that it offloaded during Chapter 11 bankruptcy proceedings.

  • April 24, 2026

    Jane Street Slams Terraform's Insider Trading Claims

    Jane Street is looking to escape a lawsuit accusing it of trading on insider information ahead of the collapse of cryptocurrency company Terraform Labs, telling a New York federal judge that it shouldn't have to "foot the bill" for a fraud that Terraform itself committed.

  • April 24, 2026

    Big Banks Say Investors' Beefed-Up Tricolor Claims Still Fail

    JPMorgan, Barclays and Fifth Third doubled down on their bid to dismiss an investor suit accusing them of facilitating an alleged auto loan fraud by Tricolor Holdings, saying they were also blindsided by Tricolor's actions.

  • April 24, 2026

    Fox Rothschild Lands Restructuring Ace From Riker Danzig

    Fox Rothschild LLP gained a former longtime Riker Danzig LLP partner in its financial restructuring and bankruptcy department with experience in complex restructurings, corporate trust matters and more, the firm announced this week.

Expert Analysis

  • Series

    The Biz Court Digest: Welcome To Miami

    Author Photo

    After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

  • What Law Firm Liability Risks In 2025 Signal For Year To Come

    Author Photo

    Trends and statistics reveal that law firms of all sizes and practice areas remained attractive litigation targets this year, so firms must take concrete steps to avoid professional liability risks in the year to come, say Douglas Richmond and Andrew Ricke at Lockton Companies.

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

    Author Photo

    Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

    Author Photo

    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

    Author Photo

    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

    Author Photo

    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • Series

    Preaching Makes Me A Better Lawyer

    Author Photo

    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

    Author Photo

    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • Perspectives

    Nursing Home Abuse Cases Face 3 Barriers That Need Reform

    Author Photo

    Recent headlines reveal persistent gaps in oversight and protection for vulnerable residents in long-term care, but prosecution of these cases is often stymied by numerous challenges that will require a comprehensive overhaul of regulatory, legal and financial structures to address, says Veronica Finkelstein at Wilmington University.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

    Author Photo

    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • Considerations When Invoking The Common-Interest Privilege

    Author Photo

    To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

  • Series

    The Law Firm Merger Diaries: Making The Case To Combine

    Author Photo

    When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.

  • Opinion

    Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

    Author Photo

    Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.

  • Rule Amendments Pave Path For A Privilege Claim 'Offensive'

    Author Photo

    Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.

  • Series

    My Miniature Livestock Farm Makes Me A Better Lawyer

    Author Photo

    Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Bankruptcy archive.