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Bankruptcy
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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February 13, 2026
Insurer Off The Hook For $2M Nursing Home Judgment
A Georgia federal judge has rejected a family's attempts to force an insurer to pay for a $2 million personal injury judgment they secured against a nursing home, ruling the family unambiguously gave up their claims when accepting a settlement amid the nursing home's bankruptcy.
Expert Analysis
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Series
Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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4 In-Flux Employment Law Issues Banks Should Note
Attorneys at Ogletree provide a midyear update on employment law changes that could significantly affect banks and other financial service institutions — including federal diversity equity and inclusion updates, and new and developing state and local artificial intelligence laws.
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Series
Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.
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Series
Ohio Banking Brief: All The Notable Legal Updates In Q2
Ohio's financial services sector saw several significant developments in the second quarter of 2025, including a case that confirmed credit unions' setoff rights, another that established contract rights between banks and cardholders, and the House passage of a digital asset bill, say attorneys at Frost Brown.
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A Deep Dive Into 14 Nixed Gensler-Era SEC Rule Proposals
The U.S. Securities and Exchange Commission last month formally withdrew 14 notices of proposed rulemaking, including several significant and widely criticized proposals that had been issued under former Chair Gary Gensler's leadership, signaling a clear and definitive shift away from the previous administration, say attorneys at Dechert.
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Series
Law School's Missed Lessons: Skillful Persuasion
In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.
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Special Committees Gain Traction In Chapter 11 Investigations
Excerpt from Practical Guidance
Tara Pakrouh at Morris James discusses why special committees are becoming more common in Chapter 11 bankruptcies, how they've been used in real cases and what makes them effective.
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Litigation Inspiration: How To Respond After A Loss
Every litigator loses a case now and then, and the sting of that loss can become a medicine that strengthens or a poison that corrodes, depending on how the attorney responds, says Bennett Rawicki at Hilgers Graben.
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The Metamorphosis Of The Major Questions Doctrine
The so-called major questions doctrine arose as a counterweight to Chevron deference over the past few decades, but invocations of the doctrine have persisted in the year since Chevron was overturned, suggesting it still has a role to play in reining in agency overreach, say attorneys at Crowell & Moring.
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Ch. 7 Ruling Is Warning For Merchant Cash Advance Providers
A New York bankruptcy court’s recent ruling in favor of a Chapter 7 trustee for the bankruptcy estate of JPR Mechanical shows merchant cash advance providers why superficial agreement labels will not shield against preference liability, and serves as a guidepost for future contract drafting, say attorneys at Eversheds Sutherland.
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Series
Playing Mah-Jongg Makes Me A Better Mediator
Mah-jongg rewards patience, pattern recognition, adaptability and keen observation, all skills that are invaluable to my role as a mediator, and to all mediating parties, says Marina Corodemus.
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Series
Law School's Missed Lessons: Navigating Client Trauma
Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.
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Opinion
4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How Attys Can Use AI To Surface Narratives In E-Discovery
E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.
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Opinion
GENIUS Act Could Muck Up Insolvency Proceedings
While some of the so-called GENIUS Act's insolvency provisions are straightforward, others run the risk of jeopardizing the success of stablecoin issuers' insolvency proceedings and warrant another look from Congress, say attorneys at Morgan Lewis.