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Bankruptcy
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March 04, 2026
3rd Circ. Nixes Stay Of Bankruptcy Court Order In Ligado Case
The Third Circuit has allowed a Delaware bankruptcy judge to make Inmarsat Global Ltd. support a spectrum-rights application filed by telecommunications group Ligado Networks LLC and AST SpaceMobile Inc.
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March 04, 2026
Fashion Tech Biz CEO Pleads Guilty To $300M Investor Fraud
The founder of bankrupt apparel technology company CaaStle Inc. pled guilty Wednesday to one count of securities fraud in connection with a scheme to defraud hundreds of investors out of $300 million by using sham documents to falsely promote a "rapidly growing business" supposedly worth $1.4 billion.
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March 04, 2026
NC Jewelry Maker Hits Ch. 11 With $10.5M Debt
Lab-grown gemstone jewelry maker Charles & Colvard Ltd. has filed for Chapter 11 bankruptcy protection in North Carolina, declaring $19.2M in assets and $10.5M in liabilities.
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March 04, 2026
BakerHostetler Aided Illegal Insurance Scheme, Trustee Says
BakerHostetler, along with one of its Atlanta-based attorneys, is the latest law firm to be accused of legal malpractice related to an illegal scheme that sold health insurance-like products.
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March 04, 2026
Nine Energy Gets OK On Ch. 11 Plan To Cut $320M Debt
A Texas bankruptcy judge on Wednesday signed off on oil services company Nine Energy's Chapter 11 plan, allowing the debtor to trim $320 million in debt and emerge from bankruptcy just over a month after launching its case.
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March 03, 2026
Hawthorne's Ch. 11 Financing Hits Snag Over Lender Dispute
A Chicago-area racecourse will return Wednesday to Illinois bankruptcy court as it continues to wrangle with its senior lender over the terms of its Chapter 11 financing.
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March 03, 2026
Crystallex $15M Fee Request Justified, Special Master Says
A lawyer for the special master overseeing the auction of Citgo to satisfy billions of dollars' worth of Venezuelan debt has defended his request for more than $15.3 million in fees on top of nearly $63 million already paid, saying the request follows an "extraordinarily complex" sale process.
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March 03, 2026
Former Iowa Biz President Convicted Of Bankruptcy Crimes
The former president of a defunct Iowa telecommunications and infrastructure business has been convicted by a jury of concealing assets and making false statements in his personal bankruptcy proceeding, federal prosecutors announced Tuesday.
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March 03, 2026
Opt-Out Releases Nixed For Buffalo Diocese's Ch. 11 Ballots
The Roman Catholic Diocese of Buffalo must redesign ballots for its Chapter 11 plan after a New York bankruptcy judge held opt-out boxes could not be used to tally creditor consent to third party releases.
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March 03, 2026
Eletson Says Ch. 11 Arrest Warrants Are 'Logical Next Step'
Reorganized shipping company Eletson Holdings Inc. has told a New York bankruptcy judge that arrest warrants for ex-officials of the company are an appropriate, incremental action in a months-long quest to obtain depositions from individuals facing court judgments.
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March 03, 2026
Multi-Color Lenders Call Lien Challenge Waste Of Time
Barclays Bank is asking a New Jersey bankruptcy judge to dismiss a suit challenging liens against Multi-Color Corp., saying the suit is unnecessary since the bankrupt global label-maker's reorganization plan will be before the court by the end of the month.
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March 02, 2026
5th Circ. Presses McDermott Shareholders On Direct Claim
A Fifth Circuit panel wanted to know why investors should get another shot at a direct class action alleging that McDermott International Inc. made misrepresentations about a $6 billion merger, asking Monday if the case before the court was "analogous" to a case alleging the company overpaid for the merger.
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March 02, 2026
Ex-Atty Kossoff Axed From Bankruptcy Case Amid Appeal
A New York bankruptcy judge determined he has jurisdiction over litigation stemming from the collapse of real estate law firm Kossoff PLLC after its principal stole $14 million from its clients, finding the firm's founder may be dismissed as a defendant because the now imprisoned, disbarred lawyer "appears to be judgment-proof."
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March 02, 2026
Chubb Unit Liable For Claims After Primary Insurer's Collapse
A Chubb unit must step in and provide excess coverage for asbestos exposure claims against a waterworks product supplier, a Massachusetts state court ruled Monday, finding that the company's primary policy has been exhausted as a result of that carrier's insolvency and inability to pay for covered losses.
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March 02, 2026
Saks, Simon Properties Argue Fate Of Store Leases
Retail landlord Simon Properties and luxury retailer Saks Global on Monday wrangled over the wording of a 2024 investment agreement as they asked a Texas bankruptcy judge to determine the fate of the leases of two Saks locations.
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March 02, 2026
Fla. REIT Blames Ponzi Probe, Lawsuits In Ch. 11 Filing
A real estate investment trust accused last year by Florida authorities of being a Ponzi scheme has filed for federal bankruptcy protection, claiming the state probe, a racketeering lawsuit from a talk show host and a U.S. Securities and Exchange Commission action tarnished its reputation.
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March 02, 2026
Cadwalader Continues Restructuring Growth With UK, US Duo
Cadwalader Wickersham & Taft LLP announced on Monday that it is continuing to invest in its restructuring bench with two lawyers in New York and London.
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March 02, 2026
J&J Unit Wins Bid To Revive Talc Libel Suit With New Basis
A New Jersey federal judge has revived a bankrupt Johnson & Johnson talc subsidiary's trade libel claim over a 2020 scientific article linking asbestos in talc to mesothelioma, finding that new evidence and allegations concerning the authenticity of the author's data are enough to survive a motion to dismiss.
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March 02, 2026
Chicago-Area Horse Track Hits Ch. 11 With $57M Debt
A Chicago-area racecourse has filed for Chapter 11 protection in Illinois bankruptcy court with nearly $57 million in debt and plans to seek a buyer a month after state regulators shut down harness racing at the site for financial issues.
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February 27, 2026
'Lack Of Adversity' Stops Court From Ending Biden SAVE Plan
A Missouri federal judge dismissed a coalition of Republican-led states' lawsuit challenging a Biden-era student debt relief plan, saying Friday he can't end the plan like the Trump administration wanted given the "apparent lack of adversity" in the suit between the states and the administration.
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February 27, 2026
7th Circ. Rejects Firm's $237K Fee Bid From Investment Fund
Ballard Spahr LLP does not have a valid claim to roughly $237,000 in unpaid legal fees it sought from a Wisconsin-based gem and fine metal investment fund that went through bankruptcy, the Seventh Circuit said Friday.
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February 27, 2026
Optimum Says Apollo, BlackRock Bullied Kirkland Withdrawal
Optimum Communications is escalating its fight accusing Apollo, Ares, BlackRock and other financial giants of an illegal joint campaign constricting its ability to refinance debt, amending its New York federal court complaint to also accuse the companies of "bullying" Kirkland & Ellis LLP into withdrawing as its transaction counsel.
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February 27, 2026
Kluger Kaplan Exiting $500M Miss America Ownership Battle
Kluger Kaplan attorneys said Friday they can no longer represent a businessman in a $500 million dispute over the ownership of the Miss America pageant, after a Florida federal court's questions to the lawyers about documents the court has found to be fraudulent put them in conflict with their client.
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February 27, 2026
Alex Jones' Sandy Hook Atty Eyes Exit After Appeals End
An attorney who represented conspiracy theorist Alex Jones has asked a Connecticut state court judge's permission to withdraw now that litigation has mostly ended in a $1.44 billion defamation challenge to Infowars broadcasts about the Sandy Hook Elementary School massacre.
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February 27, 2026
Tricolor Noteholders Say Big Banks Ignored Auto Loan Fraud
Securitized auto loan investors are suing JPMorgan, Barclays and Fifth Third in New York federal court, alleging the banks ignored glaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings that collapsed in bankruptcy last year.
Expert Analysis
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Rule Amendments Pave Path For A Privilege Claim 'Offensive'
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.
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Series
My Miniature Livestock Farm Makes Me A Better Lawyer
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.
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Litigation Funding Could Create Ethics Issues For Attorneys
A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.
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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.