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Bankruptcy
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March 13, 2026
Competing Plans To Move Forward In Oakland Diocese Ch. 11
A California bankruptcy judge said Friday that he wants competing Chapter 11 plans to proceed in parallel in the case of the Roman Catholic Diocese of Oakland, telling the debtor and the creditors committee that there are flaws in each proposal.
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March 13, 2026
Philly Music Venue Hits Ch. 11 With Tax Liens, Lawsuits
World Cafe Live, a nonprofit live performance venue in Philadelphia, got a Pennsylvania bankruptcy judge's permission Friday to fund its Chapter 11 proceeding for two weeks after it filed for bankruptcy protection due to a looming closure for unpaid taxes.
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March 13, 2026
First Brands OK'd For Walbro Unit $50M Going Concern Sale
A Texas bankruptcy judge Friday approved the sale of First Brands' small engine part group Walbro as the car parts giant continues stakeholder talks in hopes of charting a consensual course out of Chapter 11.
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March 13, 2026
Guo Trustee Settles With Hogan Lovells, Troutman
The trustee administering the bankruptcy estate of exiled Chinese billionaire Miles Guo has asked a Connecticut judge to approve settlements against law firms Hogan Lovells International LLP, Troutman Pepper Locke LLP and Marini Pietrantoni Muniz LLC, among other avoidance action defendants.
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March 12, 2026
Celsius Accuses Fireblocks Of 'Staggering' Crypto Negligence
The Chapter 11 plan administrator for defunct cryptocurrency platform Celsius Network urged a New York bankruptcy judge Wednesday to order Fireblocks to respond to discovery demands over the cybersecurity company's alleged "staggering negligence" that led to the destruction of cryptographic keys and the loss of Ethereum tokens worth tens of millions of dollars.
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March 12, 2026
FDIC Owns SVB Insurance Claims, Court Told
The Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank after its historic collapse in early 2023, is entitled to recover on what could be tens of millions of dollars in financial institution bond proceeds, the FDIC's counsel told a North Carolina federal court Thursday.
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March 12, 2026
Feds Rip 'Incoherent' SBF Claim Of Political Weaponization
Federal prosecutors fired back at convicted FTX founder Sam Bankman-Fried's pro se bid for a new trial as a "transparent attempt" to further allegedly false narratives that his collapsed crypto exchange was solvent, and he was a victim of political retribution.
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March 12, 2026
Track & Field League Gets OK For Vote On Reorg Plan
A Delaware judge Thursday gave an Olympic medalist-founded startup track-and-field league permission to send its equity-swap Chapter 11 reorganization plan out for a creditor vote, overruling claims the plan is too unfair to creditors to be approved.
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March 12, 2026
First Brands Must Return $25M To Cover Ch. 11 Factor Claims
A Texas bankruptcy judge directed auto parts supplier First Brands Group on Thursday to transfer $25.7 million back into a segregated account set aside for third-party factoring lender claims to provide those lenders with adequate protection of their collateral.
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March 12, 2026
Skadden Welcomes Finance Duo From Paul Hastings
Skadden Arps Slate Meagher & Flom LLP announced on Thursday that it has added two attorneys who have experience with complex debt financing transactions from Paul Hastings LLP, with Skadden calling the hires a boost to the firm's private credit and restructuring capabilities.
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March 11, 2026
Del Monte's Minority Lenders Say Ch. 11 Plan Unfair
A minority group of lenders to Del Monte Foods are objecting to the canned food giant's Chapter 11 plan disclosures, saying the disclosure is uninformative and the proposed plan hopelessly unfair to their interests.
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March 11, 2026
MV Realty Settles Mass. AG's Predatory Mortgage Claims
Real estate lender MV Realty's Massachusetts subsidiary and owners have agreed to discharge and release what the state's attorney general has called predatory mortgages peddled to vulnerable homeowners, resolving a 2022 lawsuit against the company.
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March 11, 2026
White & Case Blasts Bid To Quit CBRM Ch. 11
The troubled tale of New Jersey-based apartment building owner CBRM Realty Inc. has taken another turn as White & Case LLP objected to a move by the debtor's wind-down officer to resign.
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March 11, 2026
Crystallex Special Master Gets OK On $15.3M Atty Fee Bid
A Delaware federal judge has overruled jilted Citgo bidder Gold Reserve's objection to a special master's bid for $15.3 million in attorney fees, rejecting its argument that the request was unreasonable in defunct mining company Crystallex's massive case against Venezuela.
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March 11, 2026
El Paso Diocese Files Ch. 11 Amid Abuse Litigation
The Catholic Diocese of El Paso filed for Chapter 11 relief in Texas as it faces 12 pending sexual abuse lawsuits from 18 plaintiffs involving allegations from 1956 to 1982.
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March 11, 2026
Spirit Air Gets OK For $533M Baseline Bid In April Jet Auction
A New York bankruptcy judge on Wednesday gave bankrupt air carrier Spirit Airlines permission to put 20 of the 48 aircraft it owns on the auction block next month with a baseline bid set at more than half a billion dollars.
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March 10, 2026
J&J Unit Wins Sanction In Talc Libel Case
A Virginia federal judge on Tuesday issued sanctions against a doctor being sued by a Johnson & Johnson unit over an article linking mesothelioma with talc products, saying that a jury will be told that he deleted emails about the article when he was legally obligated to keep them.
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March 10, 2026
Pa. Developer Hits Ch. 11 With Up To $10M In Liabilities
Southdown Properties Inc., a Pennsylvania developer, has filed for Chapter 11 protections with between $1 million and $10 million in estimated liabilities and assets.
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March 10, 2026
Oakland Diocese Calls Abuse Claimants' Plan Unreasonable
The Roman Catholic Diocese of Oakland on Tuesday told a California bankruptcy judge that a committee representing sexual abuse claimants is making unreasonable demands for cash and oversight in its newly proposed Chapter 11 plan for the diocese.
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March 10, 2026
Insurers Can't Resume Investor Fight In $220M Coverage Row
A Texas appellate court Tuesday rejected two insurance companies' bid to stop a group of shareholders of now-bankrupt Cobalt International Energy from pursuing claims on behalf of thousands of other investors, stymieing the carriers' attempts to curtail a fight over coverage of a $220 million securities settlement.
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March 10, 2026
First Brands Seeks Quick $50M Sale Of Walbro Biz In Ch. 11
Bankrupt car parts giant First Brands Group has asked a Texas judge to approve the $50 million sale of its small engine component business Walbro, the first in a series of anticipated business unit sales.
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March 10, 2026
Vegan Eatery Chain's Ch. 11 Converted To Liquidation
A Delaware bankruptcy judge has ordered the Chapter 11 case of vegan restaurant group Planta to be converted to a Chapter 7 liquidation, after the debtor said it has no other option.
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March 10, 2026
Judge Urges Resolution In NY Nursing Home Ch. 11
A New York bankruptcy court Tuesday pushed back the disclosure statement hearing in the Chapter 11 case of Long Island nursing home operator Cold Spring Acquisition, after the debtor said it is continuing to negotiate with its official committee of unsecured creditors over the administration of its liquidation plan.
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March 09, 2026
2nd Circ. Says COVID Policy Saves Argentine Creditors' Case
The Second Circuit on Monday revived a $5.5 million contractual dispute against Argentina, ruling that a New York state COVID-19 policy saved some bondholder claims from being time-barred.
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March 09, 2026
Judge OKs Sanctions In $500M Miss America Ownership Fight
A Florida federal judge Monday sanctioned a businessman and his attorney for submitting fraudulent documents in a $500 million dispute over ownership of the Miss America pageant and using the documents to put the company into Chapter 11 bankruptcy.
Expert Analysis
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What Insurers Must Know When Insureds File For Bankruptcy
With increasing inflation, rising unemployment and growing consumer credit delinquencies, insurers and their intermediaries must be prepared to handle policyholders who are filing for bankruptcy by acquainting themselves with key procedural details of the bankruptcy process, say attorneys at McDermott.
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Series
Writing Novels Makes Me A Better Lawyer
Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at BakerHostetler.
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SDNY OpenAI Order Clarifies Preservation Standards For AI
The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.
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In NY, Long COVID (Tolling) Still Applies
A series of pandemic-era executive orders in New York tolling state statutes of limitations for 228 days mean that many causes of action that appear time-barred on their face may continue to apply, including in federal practice, for the foreseeable future, say attorneys at Sher Tremonte.
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Opinion
High Court, Not A Single Justice, Should Decide On Recusal
As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
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Series
Traveling Solo Makes Me A Better Lawyer
Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal.
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Series
Law School's Missed Lessons: Client Service
Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.
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ConvergeOne Ruling May Disrupt Backstop Fee Approach
A Texas federal court's recent ruling in ConvergeOne has the potential to seriously disrupt previously accepted market practice when it comes to sourcing new capital for a restructuring, while offering a nebulous market test for a new approach, say attorneys at Ropes & Gray.
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Series
Adapting To Private Practice: 3 Tips On Finding The Right Job
After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith.
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Series
Painting Makes Me A Better Lawyer
Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.
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Protecting Sensitive Court Filings After Recent Cyber Breach
In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.
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Series
Judging Figure Skating Makes Me A Better Lawyer
Judging figure skating competitions helps me hone the focus, decisiveness and ability to process complex real-time information I need in court, but more importantly, it makes me reengage with a community and my identity outside of law, which, paradoxically, always brings me back to work feeling restored, says Megan Raymond at Groombridge Wu.
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What Ethics Rules Say On Atty Discipline For Online Speech
Though law firms are free to discipline employees for their online commentary about Charlie Kirk or other social media activity, saying crude or insensitive things on the internet generally doesn’t subject attorneys to professional discipline under the Model Rules of Professional Conduct, says Stacie H. Rosenzweig at Halling & Cayo.
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Junior Attys Must Beware Of 5 Common Legal Brief Mistakes
Excerpt from Practical Guidance
Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.
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3rd Circ. Clarifies Ch. 11 3rd-Party Liability Scope Post-Purdue
A recent Third Circuit decision that tort claims against the purchaser of a debtor's business belong to the debtor's bankruptcy estate reinvigorates the use of Chapter 11 for the resolution of nondebtor liability in mass tort bankruptcies following last year's U.S. Supreme Court ruling in Purdue Pharma, say attorneys at Sullivan & Cromwell.