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Bankruptcy
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									August 18, 2025
									NY Judge Questions Brazilian Co. Oi's Ch. 15-To-Ch. 11 ShiftA New York federal bankruptcy judge expressed concerns about a Brazilian telecommunications company's novel plans to undo Chapter 15 recognition of a restructuring proceeding in its home country so it can file for Chapter 11 protection in the U.S. 
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									August 18, 2025
									Tax Court Finds Bankrupt Couple Owes Back TaxesAn Internal Revenue Service settlement officer didn't abuse her discretion by sustaining a tax levy against a Texas couple's abandoned assets, because the couple failed to file the correct paperwork, the U.S. Tax Court ruled Monday. 
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									August 18, 2025
									3rd Circ. Says IRS Can Pursue Taxes In Decades-Old FraudThe IRS can go after a woman's unpaid taxes more than 20 years later because her return preparer committed fraud on her filings, even though the woman did not mean to evade taxes, the Third Circuit ruled Monday. 
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									August 18, 2025
									Burr & Forman Must Face Claims From Healthcare SchemeA Georgia federal judge has denied Burr & Forman LLP's bid to escape a lawsuit accusing the firm of being party to a massive healthcare fraud scheme, ruling that it must largely face malpractice and breach of fiduciary claims from a pair of bankruptcy trustees. 
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									August 18, 2025
									Texas Specialty Recycling Facility Files For Ch. 11A Texas company that recycles chemicals used in petroleum refining has filed for Chapter 11 in Texas, blaming equipment failures and unstable prices for the metals it recovers and seeking a sale by October to deal more than $403 million in debt. 
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									August 18, 2025
									Mass. Justices Affirm 3-Year Suspension For Bankruptcy AttyMassachusetts' highest court on Monday affirmed a three-year license suspension for a Boston bankruptcy attorney over a series of rules violations, including misrepresentations to federal and state courts, since 2014. 
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									August 15, 2025
									US Trustee Blasts Deals Over Jackson Walker-Judge RomanceThe U.S. trustee for the Southern District of Texas on Friday objected to Jackson Walker LLP's proposed settlements with former bankruptcy clients meant to resolve fee disputes related to the concealed romance of a former lawyer with the firm and a former bankruptcy judge, arguing they should be denied or considered at trial. 
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									August 15, 2025
									Argentina Can Stay YPF Stake Turnover, 2nd Circ. SaysThe Second Circuit on Friday paused a New York federal judge's order requiring Argentina to give up its 51% equity stake in the nationalized oil company YPF SA to partially pay off a $16.1 billion judgment in investor litigation, while the country appeals. 
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									August 15, 2025
									Real Estate Recap: Water Law, Risky Debt, NYC RezoneCatch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney insights into coastal development, one bank's bullish outlook on construction financing, and Midtown Manhattan's greenlight for denser residential development. 
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									August 15, 2025
									Chancery Says Failed FTX Claim Buy Is Outside Its JurisdictionA Delaware Chancery Court judge on Friday ruled that a lawsuit over a failed deal to buy a claim in the Chapter 11 case of cryptocurrency platform FTX does not belong in his court, saying the fact the bankruptcy is being heard in Delaware does not constitute a sufficient connection to the state. 
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									August 15, 2025
									Bankrupt NJ Office Building Gets OK For $26M SaleA New York bankruptcy judge on Thursday approved the sale of a New Jersey office building for $26 million, a higher price than that offered by the stalking horse bidder, which will get a $215,000 breakup fee. 
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									August 15, 2025
									Calif. Student Housing Complex Files Ch. 11University Park Berkeley LLC, the operator of a student housing complex in Berkeley, California, filed for Chapter 11 bankruptcy protection Thursday in a California bankruptcy court, listing between $50 million and $100 million in debt. 
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									August 15, 2025
									Yellow Corp. Seeks OK For $16M In Real Estate SalesTrucking company Yellow Corp. asked a Delaware bankruptcy judge to approve the sale of three of its remaining truck depots for a total of just over $16 million. 
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									August 15, 2025
									Truck Leasing Co. Hits Ch. 11 With More Than $50M DebtArizona-based truck leasing company Titan Transportation Equipment Leasing has filed for Chapter 11 protection in Delaware with $50 million to $100 million in liabilities against $10 million to $50 million in assets. 
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									August 14, 2025
									Genesis Parent Says It Met $1.1B Duty, Seeks 'Overpayments'Crypto conglomerate Digital Currency Group Inc. on Thursday urged a New York bankruptcy judge to declare it has no further obligations under a $1.1 billion promissory note meant to "backstop" its bankrupt subsidiary, crypto lender Genesis, after rising crypto prices allegedly offset the loss the note intended to cover. 
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									August 14, 2025
									Nursing Home Pharmacy Co. Hits Ch. 11 With $51M Sale PlanPartners Pharmacy Services LLC, which provides medications to patients in long-term care facilities across seven U.S. states, has filed for Chapter 11 protection in Texas, with plans for an asset sale to its prepetition lender, who is an existing indirect owner, for a $51 million credit bid. 
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									August 14, 2025
									2 Face Charges Over $200M Water Vending Machine FraudA Washington business executive and a former investment adviser were hit with civil and criminal charges in New York federal court Thursday stemming from an alleged yearslong $200 million Ponzi scheme that hawked investments in nonexistent water vending machines. 
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									August 14, 2025
									Dr. Phil Media Co. Must Hand Over Texts, Emails In Ch. 11Dr. Phil's production company and a bankrupt broadcaster he co-founded must comply with discovery requests from creditors trying to dismiss Merit Street Media's increasingly contentious Chapter 11, a Texas bankruptcy judge said Thursday. 
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									August 14, 2025
									Infowars Faces Sale As Texas Judge Appoints ReceiverA Texas state court judge has ordered the appointment of a receiver to take possession of Alex Jones' Infowars assets to help satisfy over $1 billion in judgments he faces for defaming a group of families of Sandy Hook shooting victims. 
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									August 14, 2025
									Rite Aid Gets More Bids For Leases, Properties In Ch. 11Drugstore chain Rite Aid told a New Jersey bankruptcy judge on Thursday that it has secured another roughly $76 million in bids for leases and property across the country as the debtor works to sell its assets in Chapter 11. 
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									August 14, 2025
									Troutman Adds 3 More CMBS Attys From K&L GatesTroutman Pepper Locke LLP has announced three more additions to its commercial mortgage-backed securities team from K&L Gates LLP, saying their hires will "further fortify the firm's competitive edge in the special servicing and litigation sectors." 
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									August 13, 2025
									Whole Foods Battles Dismissal Bids In $1M Asbestos SuitGrocery giant Whole Foods aimed to fend off dismissal bids Wednesday from a shopping plaza owner and landlord, telling the North Carolina Business Court that it sufficiently alleged contract breaches that led to asbestos entering one of its stores. 
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									August 13, 2025
									Jewelry Co. Claire's To Appoint UK Insolvency AdministratorsThe operator of United Kingdom-based stores of the bankrupt jewelry retailer Claire's said Wednesday it would open an insolvency proceeding and appoint administrators, one week after Claire's filed for Chapter 11 protection in Delaware bankruptcy court. 
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									August 13, 2025
									Judge OKs Accelerate Diagnostics Ch. 11 LiquidationA Delaware bankruptcy judge Wednesday approved medical technology company Accelerate Diagnostics Inc.'s Chapter 11 plan to liquidate as quickly as possible after it completed a $42 million sale to its stalking horse bidder Friday. 
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									August 13, 2025
									Creditors Say Genesis Sale Process Stacked Toward InsidersUnsecured creditors of Genesis Healthcare are asking a Delaware bankruptcy judge to amend the terms of its Chapter 11 financing to prevent corporate insiders from retaining control of the nursing home chain and dodging potential claims against them. 
Expert Analysis
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								8 Lessons Yellow Corp. Layoffs Can Teach Distressed Cos.  A Delaware bankruptcy court’s recent decision, examining trucking company Yellow Corp.’s abrupt termination of roughly 25,500 employees, offers financially distressed businesses a road map for navigating layoffs under the Worker Adjustment and Retraining Notification Act, say attorneys at King & Spalding. 
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								Mentorship Resolutions For The New Year  Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR. 
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								Series Coaching Little League Makes Me A Better Lawyer  While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt. 
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								5 Litigation Funding Trends To Note In 2025  Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital. 
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								Rethinking Litigation Risk And What It Really Means To Win  Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance. 
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								Lessons From Two New Year's Eve Uptier Exchange Decisions  On the last day of 2024, two different courts issued important decisions relating to non-pro rata uptier exchanges — and while they differ, both rulings highlight that transactions effected in reliance on undefined terms in debt agreements come with increased risk, say attorneys at Simpson Thacher. 
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								Series Playing Rugby Makes Me A Better Lawyer  My experience playing rugby, including a near-fatal accident, has influenced my legal practice on a professional, organizational and personal level by showing me the importance of maintaining empathy, fostering team empowerment and embracing the art of preparation, says James Gillenwater at Greenberg Traurig. 
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								Opinion No, Litigation Funders Are Not 'Fleeing' The District Of Del.  A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway. 
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								5 E-Discovery Predictions For 2025 And Beyond  In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler. 
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								7 Ways 2nd Trump Administration May Affect Partner Hiring  President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae. 
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								E-Discovery Quarterly: Rulings On Custodian Selection  Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley. 
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								Series Exercising On My Peloton Bike Makes Me A Better Lawyer  While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler. 
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								Exploring Venue Strategy For Trump-Era Regulatory Litigation  Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington. 
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								Consultants Should Be Aware Of DOJ's Potential New Reach  The U.S. Department of Justice's recent first-of-its-kind settlement with McKinsey & Co. indicates not only the DOJ's more aggressive stance toward businesses' potential criminal wrongdoings, but also the benefits of self-disclosure and cooperation when wrongdoing becomes apparent, says Dom Caamano at Kibler Fowler. 
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								Series Playing Esports Makes Me A Better Lawyer  Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.