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Bankruptcy
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April 22, 2026
Cumulus Defends Nielsen Data-Tying Order At 2nd Circ.
Radio giant Cumulus Media has told the Second Circuit that Nielsen helped contribute to the broadcaster's bankruptcy earlier this year by tying sales of its national radio ratings data to sales of its local offerings, calling the practice unlawful and saying it should be stopped.
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April 22, 2026
Sorrento, M3 Get Pause On RICO Suit Naming Jackson Walker
A Texas bankruptcy judge on Wednesday agreed to put on hold a lawsuit in California federal court alleging Jackson Walker LLP and executives at Sorrento Therapeutics and M3 Partners conspired to forum shop in Texas so the drug developer could seek Chapter 11 protection there.
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April 22, 2026
Judge Agrees To Confirm Office REIT's Ch. 11 Plan
A Texas bankruptcy judge said Wednesday he would sign off on the Chapter 11 plan outlined by Office Properties Income Trust, a real estate investment trust that owns and leases out office space nationwide, overruling objections to analyses backing the proposal.
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April 22, 2026
6th Circ. Questions Timing Of Late Keyboardist's Royalties Bid
A Sixth Circuit panel sharply questioned both sides Wednesday over when, if ever, Parliament-Funkadelic co-founder George Clinton clearly rejected a decades-old royalty deal with the band's former keyboardist, signaling uncertainty about whether the late musician's estate waited too long to sue.
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April 22, 2026
Womble Bond Hires Ex-White & Case RE Atty For Partner Role
Womble Bond Dickinson (US) LLP has hired a former White & Case LLP partner who specializes in real estate financing and private capital market deals for a partner role in its New York City office, the firm recently announced.
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April 22, 2026
Monette Farms Seeks Ch. 15. OK For $1.08B Canadian Reorg
North American farming enterprise Monette Farms Ltd. filed for Chapter 15 recognition of its Canadian restructuring as it seeks to reduce its nearly $800 million in debt (CA$1.08 billion).
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April 21, 2026
Jury Told Ex-Finance CEO Is The Fall Guy In $100M Fraud Case
Counsel for the founder of Beneficient on Tuesday told a Manhattan federal jury that the founder of the Dallas-based financial services firm did not defraud its onetime business partner GWG Holdings out of more than $100 million, saying a group of former insiders are trying to scapegoat the executive for GWG's downfall.
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April 21, 2026
Bills Sinking 'Texas Two-Step' Ch. 11 Cases Reintroduced
Members of Congress have reintroduced bipartisan legislation meant to deter so-called Texas two-step Chapter 11s, a controversial maneuver companies have used to address mass tort liabilities in bankruptcy.
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April 21, 2026
Purdue Pharma Sentencing Punted For In-Person Attendance
A New Jersey federal judge delayed Oxycontin maker Purdue Pharma's criminal sentencing by a week, saying rescheduling would give an in-person attendance option to hundreds of observers who tuned in virtually Tuesday.
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April 21, 2026
Sullivan & Cromwell Alerts SDNY To AI Errors In Ch. 15 Case
Sullivan & Cromwell LLP told a New York bankruptcy judge Saturday that an emergency motion it filed in Prince Global Holdings Ltd.'s Chapter 15 case contained several inaccurate citations and other errors, including what the firm described as artificial intelligence "hallucinations."
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April 21, 2026
Meyer Burger Unit Gets OK On Ch. 11 Wind-Down Plan
A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 liquidation plan of Swiss solar panel company Meyer Burger's U.S. arm, letting the subsidiary sell off its remaining assets and wrap up its bankruptcy.
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April 20, 2026
Beasley Allen Pro Hac Vice Revoked In Philly J&J Talc Cases
A Pennsylvania state court has booted Beasley Allen Law Firm attorneys from representing consumers in nine cases that link Johnson & Johnson's talcum powder to ovarian cancer, saying their pro hac vice admission was inappropriate given the firm's dealings with an attorney who previously represented the company.
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April 20, 2026
The Onion Makes Deal To Run Alex Jones' Infowars
The state court-appointed receiver of conspiracy theorist Alex Jones' Infowars media business has reached an agreement to license its trademark and domain name to The Onion, as the satirical news outlet seeks another chance at running Jones' website.
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April 20, 2026
SPI Energy Seeks Ch. 15 Recognition Of Cayman Wind-Down
Cayman Islands-incorporated solar company SPI Energy has filed in Delaware for Chapter 15 recognition of its liquidation proceedings, saying U.S. court approval may help it conduct investigations and recover assets.
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April 20, 2026
Justices Mull Limits On Federal Review Of State Cases
The U.S. Supreme Court on Monday wrestled with the potential impact of reining in — or even scrapping altogether — a 100-year-old doctrine that curbs litigants' ability to go to federal court to try to overturn a state court loss.
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April 20, 2026
Inspired Healthcare Creditors Object To Reid Collins Retention
Inspired Healthcare's unsecured creditors have urged a Texas bankruptcy judge to deny the company's bid to retain Reid Collins & Tsai LLP to help investigate the debtor's pre-Chapter 11 conduct, saying that task should fall to unsecured creditors instead.
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April 20, 2026
High Court Won't Hear 3rd Circ. J&J Class Cert. Appeal
The U.S. Supreme Court on Monday said it won't review a class certification challenge in a securities class action over Johnson & Johnson's cancer-related talc products in the latest development in a closely watched dispute over how courts evaluate class certification in shareholder suits.
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April 17, 2026
Fla. Judge Confirms Cosmetic Co.'s Ch. 11 Exit Plan
A Florida bankruptcy judge said Friday she would confirm a cosmetic company's reorganization plan after the debtor ironed out a deal with creditors that reduced the founder's equity stake in the company.
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April 17, 2026
QVC Aiming For Late May Ch. 11 Plan Confirmation
QVC told a Texas bankruptcy judge Friday the home shopping television company wants to get its Chapter 11 debt swap plan confirmed by late May and emerge from the insolvency process within 90 days, as it seeks to cut $5 billion of liabilities from its balance sheet.
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April 17, 2026
Solar Co. Freedom Forever Blames Unpaid Bills For Ch. 11
Solar company Freedom Forever told a Delaware bankruptcy judge Friday that missed payments that mounted after the passage of the federal budget reconciliation bill last year were largely the cause of its Chapter 11 filing this week.
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April 17, 2026
Pa. Judge Steps Aside From Case Over Threats To Judges
A Pennsylvania federal judge agreed to step aside from a criminal case involving a man accused of threatening to kill judges after the man pointed out that the jurist had presided over a related bankruptcy matter.
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April 17, 2026
Furniture Cos.' $19M Captive Insurance Scam Suit Resumed
A Maryland federal court has resumed a lawsuit accusing a D.C. corporate tax attorney and his former law firm of a $19 million captive insurance scam following notification that the bankruptcy proceedings of the attorney and the firm have concluded.
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April 17, 2026
Nussbaum-Linked Law Firms Hit Ch. 11 Facing Scheme Suits
Two commercial real estate law firms headed by Mark J. Nussbaum filed for Chapter 11 protection in New York, listing at least $353 million in disputed unsecured claims tied to the firms' hard money lending practices that have been described in litigation as a Ponzi scheme.
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April 16, 2026
Village Roadshow Ch. 11 Plan Greenlighted After WB Deal
Village Roadshow, the film production company behind "The Matrix" and "Ocean's Eleven," won confirmation of its disclosure statement and liquidation plan Thursday after striking a deal with Warner Bros. Entertainment and clearing other objections to smooth its path toward the exits.
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April 16, 2026
Optimum Defends Antitrust Suit Against Apollo, BlackRock
Apollo, Ares, BlackRock and other financial giants are colluding to block Optimum Communications Inc. from negotiating a debt refinancing to avert bankruptcy, acting as a "cartel" and locking Optimum out of credit markets, Optimum said in a brief opposing the investors' bid to dismiss its antitrust suit in New York.
Expert Analysis
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Series
Law School's Missed Lessons: How To Draft Pleadings
Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or other type of pleading, but that gap can be closed by understanding the strategy embedded in every filing, writing with clarity and purpose, and seeking feedback at every step, says Eric Yakaitis at Haug Barron.
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E-Discovery Quarterly: Recent Rulings On ESI Control
Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.
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2 Discovery Rulings Break With Heppner On AI Privilege Issue
While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.
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Series
Isshin-Ryu Karate Makes Me A Better Lawyer
My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.
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Opinion
State Bars Need To Get Specific About AI Confidentiality
Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.
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Series
Alpine Skiing Makes Me A Better Lawyer
Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.
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What A Court Doc Audit Reveals About Erroneous Filings
My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.
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Series
Ultramarathons Make Me A Better Lawyer
Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.
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Getting The Most Out Of Learning And Development Programs
Excerpt from Practical Guidance
Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.
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Opinion
AI Presents A Make-Or-Break Moment For Outside Counsel
The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.
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8 Tariff Refund Questions For Restructuring Professionals
For restructuring and turnaround professionals, seeking refunds following the U.S. Supreme Court's recent decision invalidating tariffs imposed under the International Emergency Economic Powers Act raises several questions about how to capture legitimate recoveries while protecting an enterprise from the consequences of its own history, says Jonny Frank and Laura Greenman at StoneTurn, and Andrew Popescu at Province.
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Using Liability Forecasts In Financial Reports Vs. Bankruptcy
Understanding the differences of scope, time frame and stakes between liability forecasts drawn up for financial reports versus those used in bankruptcy litigation is crucial for attorneys seeking to leverage economic analysis to ask the right questions, and strengthen their compliance and courtroom strategies, says Jorge Gallardo-García at Bates White.
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When 'Qualified Transferees' Can Chill UCC Foreclosures
A recent New York state court decision in a closely watched real estate dispute in WWP Mezz LLC v. WWP Mezz Investment Co. is a reminder to lenders, and a warning to borrowers, of the Uniform Commercial Code foreclosure's immense power as a lender remedy, says Joshua Wurtzel at Schlam Stone.
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Series
Watching Hallmark Movies Makes Me A Better Lawyer
I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.
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Opinion
AI Doc Ruling Got Privilege Analysis Wrong
Broad reasoning used by a New York federal judge in U.S. v. Heppner — to determine the criminal defendant's interactions with a generative artificial intelligence platform were not protected — mistakenly treats AI use as dispositive disclosure to a third party and adopts an unduly narrow conception of work product, say attorneys at Lankler Siffert.