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Bankruptcy
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									August 20, 2025
									IRS Lost Lien In Bankruptcy, Man Says In $28M Tax BattleThe Internal Revenue Service jettisoned any federal tax lien it claims to have against a man by filing an unsecured claim in his bankruptcy case, he told a Florida federal court Wednesday in response to the government's $28 million lawsuit against him. 
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									August 20, 2025
									Claire's Pitches Over $104M Sale Of US Stores In Ch. 11Bankrupt jewelry chain Claire's announced plans Wednesday to sell intellectual property and some of its U.S. stores to a private holding company for $104 million in cash as well as other inducements. 
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									August 19, 2025
									PE Firm Hit With Contempt, Receiver In Del. Over Legal BillsA magistrate in the Delaware Chancery Court has entered an order for contempt and sanctions, as well as a receivership, against private equity firm 777 Partners in its former chief financial officer's suit seeking advancement of legal fees in connection with a fraud investigation and multiple lawsuits related to the company's business. 
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									August 19, 2025
									Family Alleging Firm's Girardi Conflict Denied Partial WinA Los Angeles judge Tuesday denied a family's motion seeking judgment on declaratory relief claims in a $1.8 million malpractice lawsuit against a firm that represented it in recovering millions lost in Girardi Keese's embezzlement scandal, saying disputed facts remain in the "unusual" case. 
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									August 19, 2025
									Judge To Confirm Scanrock's Ch. 11 Plan After SettlementA Texas bankruptcy judge on Tuesday conditionally confirmed the Chapter 11 plan of hydrocarbon driller Scanrock Oil & Gas, after the debtor resolved objections from parties including an ad hoc group, certain creditors and the U.S. Small Business Administration. 
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									August 19, 2025
									Prospect Medical Says Yale Deal Is Top Offer For HospitalsHospital operator Prospect Medical Holdings Inc. has asked to assume a $435 million pre-bankruptcy agreement to sell its three Connecticut hospitals to Yale New Haven Health Services Corp., arguing it contains the "highest possible recovery" for its creditors. 
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									August 19, 2025
									Judge Keeps Dr. Phil Media Biz In Ch. 11, Is Up To Boost DIPA Texas bankruptcy judge on Tuesday suggested he would approve more postpetition financing for a bankrupt broadcaster co-founded by Dr. Phil once an agreed upon order was before him, while also denying Sidley Austin's bid to stop representing the debtor and refusing to dismiss the case. 
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									August 19, 2025
									Sunnova's $118M Sale Can Proceed Despite Bank's ProtestA Texas bankruptcy judge Tuesday declined to undo a $118 million sale of almost all the assets of solar panel business Sunnova Energy International Inc., rejecting a St. Louis-area bank's argument that the debtor failed to disclose that nondebtor assets would be part of the transaction. 
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									August 19, 2025
									Linqto Says Ch. 11 Plan Will Have In-Kind Customer PaymentLinqto and its unsecured creditors committee told a Texas bankruptcy judge Tuesday that they have come to an agreement to give customers the chance for in-kind payment in the investment platform's Chapter 11 plan. 
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									August 18, 2025
									Catching Up With Delaware's Chancery CourtExecutives and board members of Cencora Corp. tentatively settled a stockholder derivative suit for $111.25 million, VectoIQ board members reached a $6.3 million deal on stockholder claims over electric carmaker Nikola's prospects, and class attorneys who secured a $50 million derivative suit settlement saw their proposed 25% attorney fee cut by almost half. Here's the latest from the Delaware Chancery Court. 
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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. 
Expert Analysis
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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. 
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								An Associate's Guide To Career Development In 2025  As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm. 
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								Series Fixing Up Cars Makes Me A Better Lawyer  From problem-solving to patience and adaptability to organization, the skills developed working under the hood of a car directly translate to being a more effective lawyer, says Christopher Mdeway at Kaufman Dolowich. 
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								Making The Pitch To Grow Your Company's Legal Team  In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey. 
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								Justices May Find Gov't Can Keep Fraudulent Transfer Benefit  Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill. 
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								When US Privilege Law Applies To Docs Made Outside The US.jpg)  As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton. 
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								'Minimal Participant' Bar Is Tough To Clear For Whistleblowers  Under the U.S. Department of Justice’s corporate whistleblower pilot program, would-be whistleblowers will find it tough to show that they only minimally participated in criminal misconduct while still providing material information, but sentencing precedent shows how they might prove their eligibility for an award, say attorneys at MoloLamken. 
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								What 2024 Trends In Marketing, Comms Hiring Mean For 2025  The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition. 
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								Opinion How The Onion Could Still Buy InfoWars  While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.