Bankruptcy

  • February 20, 2026

    McGlinchey Stafford Files Ch. 7 With Over $10M In Liabilities

    New Orleans-based firm McGlinchey Stafford PLLC, which announced last month that it's winding down operations after more than half a century, filed for Chapter 7 bankruptcy with more than $10 million in liabilities owed to former staff and attorneys, workplace vendors, financial institutions and other creditors.

  • February 20, 2026

    PrimaLend Confirms Ch. 11 Plan Folding In Asset Sales

    Auto lender PrimaLend Capital can head toward a Chapter 11 exit after a Texas bankruptcy judge on Friday approved a plan incorporating two credit bid sales of its loan portfolios and establishing a liquidating trust.

  • February 20, 2026

    Lender Onset Hits Back On First Brands' $2.9B Fraud Suit

    First Brands lender Onset Financial Inc. is slamming a $2.9 billion lawsuit that the embattled auto parts maker brought against Onset in Texas bankruptcy court last month, asserting it is the victim rather than a perpetrator of the fraud that sent First Brands into Chapter 11.

  • February 20, 2026

    Beasley Allen Can't Pause NJ Talc DQ Order, Judge Rules

    The Beasley Allen Law Firm can't delay an order disqualifying it from representing hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder while it seeks review from the New Jersey Supreme Court, a state judge ruled on Friday.

  • February 20, 2026

    Saks Global Gets Final OK On Over $1.2B In Ch. 11 Funding

    Luxury retailer Saks Global secured a Texas bankruptcy judge's approval Friday on more than $1.2 billion in Chapter 11 financing after reaching a deal with unsecured creditors, funds that Saks will use to support its reorganization efforts.

  • February 20, 2026

    Pryor Cashman Appoints Bankruptcy Chair To Exec Committee

    Pryor Cashman LLP announced that an experienced attorney who has served in leadership roles in his nearly 20 years with the firm has been elected to a three-year term as a member of its executive committee.

  • February 20, 2026

    Simpson Thacher Plans Dallas Launch, Adds Capital Practice

    Simpson Thacher & Bartlett LLP is planning to plant a second flag in the Lone Star State with a shop in Dallas after launching a capital structure solutions practice with a New York-based partner who came aboard from Kirkland & Ellis LLP at the helm.

  • February 19, 2026

    Flavored Air Co. Seeks Ch. 15 Nod In Nevada After Settlement

    A Canadian flavored air device company is asking a Nevada bankruptcy judge to recognize the Canadian insolvency proceedings it began earlier this month after falling behind in payments from the settlement of a U.S. trademark infringement suit.

  • February 19, 2026

    Feds Say Miles Guo Can't Dodge $1.3B Fraud Forfeiture

    Federal prosecutors say bankrupt Chinese exile Miles Guo waived any chance to object to a $1.3 billion preliminary order of forfeiture by waiting six months to object, urging a New York federal judge to reject the convicted fraudster's attempt to contest the order.

  • February 19, 2026

    Norcold Ch. 11 Plan Approved, But Trustee Pick Causes Delay

    A Delaware bankruptcy judge signaled his intent to confirm the proposed liquidating plan of recreational vehicle refrigerator distributor Norcold LLC on Friday, but raised concerns with the choice of liquidating trustee under that plan that led him to delay signing a confirmation order.

  • February 19, 2026

    Warren Seeks Treasury, Fed Pledge Of No Bitcoin Bailout

    Sen. Elizabeth Warren, D-Mass., is asking the U.S. Treasury and Federal Reserve to provide a written pledge not to bail out cryptocurrency markets in the face of sliding bitcoin prices, saying such a move would disproportionately benefit billionaires.

  • February 19, 2026

    Woman Asks Justices For Relief From Tax Preparer's Fraud

    A woman facing more than $300,000 in tax bills because her return preparer committed fraud on her filings decades ago asked the U.S. Supreme Court to overturn the Third Circuit's finding that she is responsible, saying it unfairly allows the IRS to bypass the statute of limitations.

  • February 18, 2026

    Bang Energy's Founder Denied Stay Of Adversary Suit

    A Florida bankruptcy judge denied a bid to halt an adversary lawsuit alleging that misconduct from the founder of Bang Energy drinks left his company insolvent, saying on Wednesday that no irreparable harm was shown without a stay and that a request for a stay is overly broad. 

  • February 18, 2026

    Pine Gate Can Wind Down Biz In Ch. 11 Post-Asset Sales

    A Texas bankruptcy judge Wednesday approved solar energy developer Pine Gate Renewables' bid to liquidate its business in Chapter 11, after the debtor sold the bulk of its assets during its roughly three-month-long case.

  • February 18, 2026

    State Law Matters More For Bankruptcy Tolling, NC Justices Told

    A real estate rental agency told North Carolina's high court Wednesday that it didn't miss its chance to collect a $507,000 debt because a decade-long statute of limitations period for judgment renewal was tolled by the debtor's bankruptcy.

  • February 18, 2026

    US Trustee Challenges 'Matrix' Producer Bankruptcy Plan

    The U.S. Trustee's Office has urged the Delaware bankruptcy court to block Village Roadshow's attempt to solicit votes on its Chapter 11 liquidation plan, arguing that sweeping third-party releases in the film and television production company's reorganization proposal are unlawful and inadequately disclosed to creditors.

  • February 18, 2026

    Talc Lawsuits Force Mining Co. Into Ch. 11 With Sale Plan

    Vanderbilt Minerals, which mines and processes clay and other materials, has filed for Chapter 11 bankruptcy protection, citing an increase in lawsuits over alleged cancer-causing asbestos in its products.

  • February 18, 2026

    Talc Claimants Tell 2nd Circ. Revlon Must Allow Late Claims

    A group of talc liability claimants on Wednesday asked the Second Circuit to find reorganized cosmetics company Revlon has to pay out for their injury claims despite those claims being filed past the deadline in the company's Chapter 11 case.

  • February 17, 2026

    Camden Diocese Will Pay $180M More To Abuse Survivors

    The Roman Catholic Diocese of Camden, New Jersey, and its insurers on Tuesday agreed to pay another $180 million into a trust for the benefit of survivors of clergy sexual abuse, reaching a deal with a tort claimant committee representing more than 300 survivors.

  • February 17, 2026

    NC Justices Asked To Undo Earth Fare Founder's $195K Award

    Organic supermarket chain Earth Fare and its post-bankruptcy owner told North Carolina's top court on Tuesday that its founder can't recover damages for work he was salaried to do while revitalizing the brand, saying the justices should unravel a $195,000 unjust enrichment verdict in his favor.

  • February 17, 2026

    Multi-Color Noteholders Sue Barclays In Ch. 11 Collateral Fight

    Unsecured noteholders for bankrupt label-maker Multi-Color Corp. are suing Barclays Bank PLC as Multi-Color's collateral agent, seeking a declaration that the bank holds liens only on some assets and not "substantially all" assets and property as stated previously in the Chapter 11 case.

  • February 17, 2026

    3rd Circ. Tosses Appeal In Pa. City Bankruptcy Utility Dispute

    The Third Circuit on Tuesday upheld a bankruptcy court's order prohibiting the Chester Water Authority from probing the bankrupt Pennsylvania city's attempts to dissolve the water authority and use its assets in Chapter 9. 

  • February 17, 2026

    Firm Seeks Sanctions For Rhodium Settlement Fee Fight

    Lehotsky Keller Cohn LLP is asking a Texas bankruptcy judge to sanction members of the board of bankrupt cryptocurrency miner Rhodium Encore LLC and their attorneys, saying they used false claims of misconduct to delay an $8.9 million fee payment.

  • February 17, 2026

    J&J Fights Beasley Allen's Bid To Pause Talc DQ Ruling

    A New Jersey state court lacks standing to block an appellate panel's removal of Beasley Allen from representing hundreds of women with ovarian cancer pursuing claims against Johnson & Johnson over talcum powder, the pharmaceutical company has argued in an opposition brief.

  • February 17, 2026

    US Trustee Says Office REIT's Ch. 11 Plan Can't Be OK'd

    A U.S. Trustee has objected to an office-focused real estate investment trust's proposed Ch. 11 reorganization plan in a Texas bankruptcy court, arguing that the plan wrongfully wants to release claims related to nondebtor third parties without express permission.

Expert Analysis

  • Move Beyond Surface-Level Edits To Master Legal Writing

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    Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.

  • 9th Circ. Has Muddied Waters Of Article III Pleading Standard

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    District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.

  • Series

    Competing In Modern Pentathlon Makes Me A Better Lawyer

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    Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.

  • Series

    Law School's Missed Lessons: Teaching Yourself Legal Tech

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    New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.

  • How AI May Reshape The Future Of Adjudication

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    As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.

  • When Legal Advocacy Crosses The Line Into Incivility

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    As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.

  • Series

    Volunteering At Schools Makes Me A Better Lawyer

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    Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy.

  • Attacks On Judicial Independence Tend To Manifest In 3 Ways

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    Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.

  • Series

    Law School's Missed Lessons: Appreciating Civil Procedure

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    If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.

  • Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use

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    The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.

  • In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable

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    The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.

  • How Attorneys Can Become Change Agents For Racial Equity

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    As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.

  • Series

    Running Marathons Makes Me A Better Lawyer

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    After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.

  • Series

    Law School's Missed Lessons: Supporting A Trial Team

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    While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.

  • Series

    Adapting To Private Practice: From US Attorney To BigLaw

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    When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.

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