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Bankruptcy
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									August 01, 2025
									Highland Capital Asks Supreme Court To Clarify Ch. 11 ShieldsHedge fund Highland Capital Management has urged the U.S. Supreme Court to allow it to safeguard some of the key parties in its Chapter 11 bankruptcy from liability and review a Fifth Circuit decision that narrowed the bankruptcy court's "gatekeeping" powers to determine who can be sued. 
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									August 01, 2025
									Long Island Castle Owner Files Ch. 11 To Stall ForeclosureThe owner of a century-old castle on Long Island's Gold Coast filed for Chapter 11 protection late Thursday in New York bankruptcy court, saying it wants to stop a foreclosure sale being forced by its mortgagee lender so the debtor can run a sale process of its own. 
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									August 01, 2025
									4 Mass. Rulings You May Have Missed In JulyA cannabis company in the process of going out of business cannot rely on a state court receivership to shield it from creditors in other states, and the owners of shuttered Norwood Hospital can't renew an expired permit issued to bankrupt Steward Health. 
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									August 01, 2025
									Rising Star: Paul Hastings' Lindsey HenriksonLindsey Henrikson of Paul Hastings LLP advised Colombian refinery Reficar in a high-stakes global restructuring that preserved a $1.3 billion arbitration award and secured equity in McDermott International, earning her a spot among the bankruptcy law practitioners under 40 honored by Law360 as Rising Stars. 
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									August 01, 2025
									Fiber Internet Co. Everstream Cleared For $385M Ch. 11 SaleA Texas bankruptcy judge signed off Friday on the going-concern sale of fiber network provider Everstream, which plans to use proceeds from the $384.6 million sale of its business to exit Chapter 11. 
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									August 01, 2025
									4th Circ. Says Court Can Hear Asbestos Spinoff's Ch. 11The Fourth Circuit Friday found Georgia-Pacific asbestos unit Bestwall can stay in Chapter 11, saying a debtor's financial status has no bearing on whether a bankruptcy court has jurisdiction over its case. 
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									July 31, 2025
									Capital One Says It Is Disputing FDIC Underpayment ClaimCapital One told investors on Thursday that the Federal Deposit Insurance Corp. is trying to make it pay a greater share of cleanup costs from the 2023 regional banking crisis after taking issue with its call reporting, an effort the bank said it is pushing back on. 
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									July 31, 2025
									Casino Developer Must Stay In Involuntary Ch. 7, Judge FindsA Delaware bankruptcy judge has refused to throw out or convert the involuntary Chapter 7 proceedings launched against the onetime hopeful developer of a casino in Mississippi, concluding the creditors that forced it into bankruptcy did not act in bad faith. 
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									July 31, 2025
									New Orleans Diocese Working On $180M Ch. 11 Plan DocsThe bankrupt Roman Catholic Archdiocese of New Orleans asked a Louisiana judge for additional time Thursday to work on resolving opposition to its Chapter 11 plan disclosure statement that describes a $180 million settlement fund to provide recoveries to victims of childhood sexual abuse. 
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									July 31, 2025
									Sand Miners Hit Ch. 11, Blaming Order Lull, Lender IssuesTwo companies that mine and process sand for fracking have filed for bankruptcy in Texas, one estimating it had at least $50 million in debt and the other estimating at least $100 million, and asked to undergo a joint Chapter 11 in response to a liquidity crunch and issues with their secured lender. 
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									July 31, 2025
									Rising Star: Willkie's Stuart LombardiStuart Lombardi of Willkie Farr & Gallagher LLP has worked for bankruptcy clients including families seeking defamation payouts in Alex Jones' insolvency and the representative of as-yet-unknown asbestos claimants in a talc producer's Chapter 11, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars. 
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									July 31, 2025
									Sunnova Cleared To Sell Assets To Lenders In Ch. 11Solar panel business Sunnova Energy International Inc. secured a Texas bankruptcy judge's blessing Thursday to sell almost all of its assets to a group of lenders for about $118 million. 
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									July 30, 2025
									3rd Circ. Won't Upend Investors' Class Cert. In J&J Talc SuitA split Third Circuit on Wednesday upheld a New Jersey federal judge's class certification order in a Johnson & Johnson investor action alleging the company artificially inflated its stock price by failing to disclose cancer risks associated with its talcum powder products, finding the lower court did not err in concluding that common issues predominate in the suit. 
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									July 30, 2025
									2nd Circ. Backs Live Well Founder's Bond Fraud ConvictionsThe Second Circuit affirmed convictions for Live Well's founder for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it, ruling Wednesday jurors had enough evidence to determine he misrepresented the value of collateral to secure loans and did so with fraudulent intent. 
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									July 30, 2025
									Rhodium Says Cooling System Infringement Claims BarredBankrupt cryptocurrency miner Rhodium told a Texas federal bankruptcy judge that a company that creates large scale cooling systems cannot bring patent infringement claims, saying Wednesday the company's claims already failed in a federal district court. 
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									July 30, 2025
									Justices Urged To OK Bankruptcy Courts As Tax Debt VenuesBankruptcy courts are authorized to decide the amount and legality of nondischargeable tax claims, an Indiana couple told the U.S. Supreme Court in a bid to overturn a Seventh Circuit ruling to the contrary. 
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									July 30, 2025
									Judge Unsure Of Broad Liability Shield Theory In Fraud SuitsA Michigan federal judge on Wednesday pressed an attorney representing automation equipment manufacturers in fraudulent transfer suits on if their argument that their system of layered automated credit payments frees them from liability would allow every business to get around an act designed to prevent fraud in the construction industry. 
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									July 30, 2025
									Celsius Administrator Gets OK To Continue ClawbacksA New York bankruptcy judge shot down challenges to attempts by the Chapter 11 plan administrator for Celsius Networks to claw back transfers, saying a settlement provision didn't prevent the administrator from pursuing the clawbacks and the transactions fall under U.S. jurisdiction. 
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									July 30, 2025
									Rising Star: Brown Rudnick's Tristan AxelrodTristan Axelrod of Brown Rudnick LLP steered bankrupt cryptocurrency platform BlockFi through an $874 million settlement with FTX and a Chapter 11 reorganization that paid creditors in full, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars. 
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									July 29, 2025
									Jackson Walker Gets Another Deal On Judge-Romance ClaimsJackson Walker LLP has reached another settlement with former bankruptcy clients to resolve fee disputes related to the concealed romance of a former partner with the firm and former Texas bankruptcy Judge David R. Jones, according to a motion filed Tuesday in Texas federal court. 
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									July 29, 2025
									8th Circ. Says Bankruptcy Sale Appeal Dead Without StayThe Eighth Circuit on Tuesday rejected a woman's bid to undo an order approving a sale in her Chapter 7 bankruptcy, saying she didn't get a stay of the sale and so her appeal had to be dismissed. 
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									July 29, 2025
									Prime Core Ch. 11 Trust Seeks Return Of $2.1M In TransfersThe litigation trust for Prime Core Technologies has sued to claw back $2.1 million in cash and cryptocurrency paid out to customers in the weeks before its bankruptcy filing, saying other creditors are facing a serious recovery shortfall worsened by the payments. 
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									July 29, 2025
									DOJ Drops Challenge Of Amex GBT's $570M Deal For CWTThe U.S. Department of Justice said Tuesday that enforcers have agreed to drop their case challenging American Express Global Business Travel Inc.'s planned $570 million purchase of corporate travel management rival CWT Holdings LLC. 
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									July 29, 2025
									Law Firm Beats NJ Atty's Fraud Suit Under Anti-SLAPP LawMaurice Wutscher LLP got an attorney's fraud suit against it thrown out under New Jersey's anti-SLAPP law on Tuesday, allowing the firm to escape complex litigation across multiple venues stemming from the breakdown of a former New Jersey firm. 
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									July 29, 2025
									Mich. Judge Sanctions Attys For False Case QuotationsA Michigan federal judge on Monday ordered plaintiffs' attorneys in two cases against a robotics company to pay for the time opposing counsel took in filing an additional briefing because of false case quotations. 
Expert Analysis
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								E-Discovery Quarterly: Recent Rulings On Metadata  Several recent rulings reflect the competing considerations that arise when parties dispute the form of production for electronically stored information, underscoring that counsel must carefully consider how to produce and request reasonably usable data, say attorneys at Sidley. 
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								The 3rd-Party Bankruptcy Release Landscape After Purdue  In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis. 
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								Striking A Balance Between AI Use And Attorney Well-Being.jpeg)  As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor. 
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								Empathy In Mediation Offers A Soft Landing For Disputes  Experiencing a crash-landing on a recent flight underscored to me how much difference empathy makes in times of crisis or stress, including during mediation, says Eydith Kaufman at Alternative Resolution Centers. 
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								Series Being An Artist Makes Me A Better Lawyer  My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge. 
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								How Judiciary Can Minimize AI Risks In Secondary Sources  Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl. 
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								How Attorneys Can Break Free From Career Enmeshment.jpg)  Ambitious attorneys can sometimes experience career enmeshment — when your sense of self-worth becomes unhealthily tangled up in your legal vocation — but taking the time to discover and realign with your core personal values can help you recover your identity, says Janna Koretz at Azimuth Psychological. 
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								Bankruptcy Decision Exemplifies Venue Issue For Franchisees.jpeg)  A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on assumption of executory franchise contracts highlights the issue of whether franchisee debtors can qualify for case venue in friendlier circuits, says David Gamble at Parkins Rubio. 
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								Lawyers With Disabilities Are Seeking Equity, Not Pity  Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa. 
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								Opinion Judicial Committee Best Venue For Litigation Funding Rules.jpg)  The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital. 
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								The Strategic Advantages Of Appointing A Law Firm CEO  The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies. 
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								Series Beekeeping Makes Me A Better Lawyer.jpg)  The practice of patent law and beekeeping are not typically associated, but taking care of honeybees has enriched my legal practice by highlighting the importance of hands-on experience, continuous learning, mentorship and more, says David Longo at Oblon McClelland. 
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								Unpacking State AG Approaches To Digital Asset Enforcement.jpg)  Attorneys at Cozen O'Connor survey recent digital asset enforcement by attorneys general nationwide driven by concerns over regulatory gaps where technological developments and market changes have outpaced legislation. 
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								Opinion Legal Institutions Must Warn Against Phony Election Suits  With two weeks until the election, bar associations and courts have an urgent responsibility to warn lawyers about the consequences of filing unsubstantiated lawsuits claiming election fraud, says Elise Bean at the Carl Levin Center for Oversight and Democracy. 
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								What Being An 'Insider' Means In Ch. 11, And Why It Matters  As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.