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Bankruptcy
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April 16, 2026
Optimum Defends Antitrust Suit Against Apollo, BlackRock
Apollo, Ares, BlackRock and other financial giants are colluding to block Optimum Communications Inc. from negotiating a debt refinancing to avert bankruptcy, acting as a "cartel" and locking Optimum out of credit markets, Optimum said in a brief opposing the investors' bid to dismiss its antitrust suit in New York.
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April 16, 2026
Multi-Color Wins OK For Ch. 11 Plan Cutting $3.9B In Debt
A New Jersey bankruptcy judge on Thursday confirmed Multi-Color Corp.'s reorganization plan less than three months after the label-maker sought Chapter 11 protection, allowing the company to slash $3.9 billion in debt and raise $889 million in new capital.
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April 16, 2026
NJ Judge Clears Eddie Bauer Retail Operator's Ch. 11 Plan
A New Jersey bankruptcy judge said Thursday she would confirm the Chapter 11 liquidation plan from a company operating Eddie Bauer retail stores, following a settlement last month between the debtor and its lenders and creditors.
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April 16, 2026
QVC Warns Investors On Impending $5B+ Ch. 11 Filing
QVC Group Inc., the owner of pioneering home shopping television networks, said in a regulatory filing that its Chapter 11 bankruptcy filing was imminent, after turnaround efforts that slashed jobs and launched live events on TikTok have failed to fully offset weakening consumer sentiment, the impact of tariffs and the yearslong slide of cable television.
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April 15, 2026
Fla. Judge Told Ex-CEO Drove Energy Drinks Co. Into Ch. 11
A liquidating trust Wednesday urged a Florida federal bankruptcy judge to hold the former CEO of the company that makes Bang Energy drinks liable for breaching fiduciary duty, arguing that a multimillion-dollar judgment stemming from his violation of a trademark settlement partially contributed to the business' Chapter 11.
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April 15, 2026
Cinemoi Trustee Moves To Seize $43M Film Library In Ch. 7
The Chapter 7 trustee for bankrupt television network Cinemoi North America on Wednesday asked a California bankruptcy judge to hold the company in contempt for allegedly refusing to turn over a hard drive containing a film library valued at about $43.4 million.
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April 15, 2026
Winston & Strawn Must Face $1.7B GloriFi Malpractice Suit
A Chapter 7 malpractice suit brought by the trustee of fintech company GloriFi asserting $1.7 billion in damages from a failed initial public offering mostly survived a motion to dismiss late Tuesday, with a Texas bankruptcy judge saying the trustee sufficiently pled breach claims against law firm Winston & Strawn.
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April 15, 2026
Jones Day DQ'd From Vanderbilt Case Over Pre-Ch. 11 Work
A New York bankruptcy judge disqualified law firm Jones Day from representing talc producer Vanderbilt Minerals in its Chapter 11 case Wednesday, saying the firm's prior work for the larger Vanderbilt corporate family raises questions about its disinterestedness.
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April 15, 2026
NYC Building Goes Into Ch. 11 To Avoid Foreclosure Sale
A New York company connected to a local property manager filed a Chapter 11 bankruptcy petition for its five-story, mixed-use building in downtown Manhattan, heading off a foreclosure sale that had been scheduled for the following day.
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April 15, 2026
Solar Co. Freedom Forever Hits Ch. 11 With Over $500M Debt
California-based home solar panel installer Freedom Forever filed for Chapter 11 protection in Delaware bankruptcy court Wednesday with more than $500 million in debt, including $114 million owed to residential solar panel financing firm Mosaic.
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April 14, 2026
Vanderbilt's Jones Day Hire Delayed Over Evidence Additions
A New York bankruptcy judge allowed creditors of bankrupt talc producer Vanderbilt Minerals to supplement the record with additional evidence related to the debtor's proposed hire of the Jones Day firm as its legal counsel Tuesday after they raised issues about statements made at a hearing last week.
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April 14, 2026
Trustee's Office Balks At Spirit Disclosure, Wants More Info
The U.S. Trustee's Office asked a New York bankruptcy judge to reject Spirit Airlines' bid to take a Chapter 11 plan to a vote, saying the debtor's disclosure statement regarding the plan is too thin.
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April 14, 2026
IHC's Ch. 11 Mediation Ask 'Jumped The Gun,' Creditors Say
Lenders and unsecured creditors to Inspired Healthcare Capital have told a Texas bankruptcy court it is too soon in the senior-living facility group's Chapter 11 case to appoint a mediator, arguing its mandatory mediation proposal could bind creditors' rights.
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April 14, 2026
Wage Suit Against Esports Co.'s CEO Can't Proceed In Conn.
A federal judge ruled that a former employee of a bankrupt esports company cannot pursue a Connecticut wage claim against the company's CEO in that state, saying it would impose an "immense burden" on the California-based executive, and leaving open the possibility of the suit being refiled elsewhere.
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April 14, 2026
Omnicare OK'd For Ch. 11 Auction With $250M Base Bid
Pharmacy services provider Omnicare's choice of a $250 million stalking horse bid for its assets was approved Tuesday by a Texas bankruptcy judge, setting up a possible auction in May.
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April 14, 2026
Legal App Co-Founders Can't Duck £920K Loan Demand
The co-founders of a defunct online legal adviser failed to block a creditor's demand for a £920,000 ($1.25 million) loan repayment, as a London court on Tuesday rejected their "vague and unparticularized" claim that the debt would be converted into an investment in their company.
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April 13, 2026
Fla. Court Delays Cosmetic Co. Ch. 11 Plan Over Claim Protest
A Florida bankruptcy judge delayed confirming a cosmetic company's reorganization plan Monday after a creditor protested that its claim was inequitably subordinated in favor of a lender, which agreed to convert its loans to equity in a deal worth roughly $80 million.
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April 13, 2026
VC Apple Tree Seeks $7M As Judge Mulls Ch. 11 Funding Fight
Biotech investor Apple Tree Life Sciences Inc. asked a Delaware bankruptcy judge to let it use $7 million from a larger funding motion she has yet to rule on, saying it needs the money for operating expenses and drug development costs.
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April 13, 2026
Cardi B Wants Sanctions Against YouTuber Who Owes $4M
Rapper Cardi B has urged a Florida bankruptcy judge to sanction Tasha K, alleging the bankrupt YouTuber has been defying the terms of her own Chapter 11 Subchapter V plan by continuing a pattern of disparaging comments that had led to a nearly $4 million defamation judgment.
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April 13, 2026
Aspiration's Ch. 7 Trustee Sues To Block Calif. Fraud Suit
The Chapter 7 trustee for Aspiration Partners Inc. has sued investors who have alleged in California state court that the company's co-founder and others defrauded them, telling a Delaware bankruptcy court the civil case risks depleting estate assets that should be shared among all of Aspiration's creditors.
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April 13, 2026
Chinese Developer Kaisa Files $15.7B Ch. 15 Recognition Bid
Chinese property developer Kaisa Group is asking a New York bankruptcy judge to extend U.S. recognition to a restructuring of its $15.7 billion in debt that it underwent last year after being hit with Chinese and U.S. lawsuits over missed payments.
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April 10, 2026
SEC Suit Over $200M Water Machine Scheme Put On Ice
A New York federal judge on Friday paused the U.S. Securities and Exchange Commission's civil suit against an Indiana man accused of participating in a $200 million Ponzi scheme, ruling that allowing discovery to go forward could interfere with the government's parallel criminal case.
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April 10, 2026
Big Banks Say They Were Victims Of Tricolor Fraud Scheme
JPMorgan, Barclays and Fifth Third have urged a New York federal judge to toss an investor suit claiming the banks ignored flaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings, arguing that they were also victims of the fraud and not aware of the scheme despite being sophisticated financial institutions.
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April 10, 2026
Real Estate Recap: Q1 Dealmakers, Tariff Creep In Contracts
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including the law firms that led real estate and hospitality deals in the first quarter, and examples of how tariffs are showing up in real estate contracts one year on.
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April 10, 2026
Texas Multifamily Developer Hits Ch. 11 Amid Lender Suits
A Texas-based workforce housing developer with affiliates and executives facing litigation from lenders has filed for Chapter 11 protection in Texas bankruptcy court with over $73 million in debt.
Expert Analysis
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Series
Isshin-Ryu Karate Makes Me A Better Lawyer
My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.
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Opinion
State Bars Need To Get Specific About AI Confidentiality
Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.
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Series
Alpine Skiing Makes Me A Better Lawyer
Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.
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What A Court Doc Audit Reveals About Erroneous Filings
My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.
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Series
Ultramarathons Make Me A Better Lawyer
Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.
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Getting The Most Out Of Learning And Development Programs
Excerpt from Practical Guidance
Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.
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Opinion
AI Presents A Make-Or-Break Moment For Outside Counsel
The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.
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8 Tariff Refund Questions For Restructuring Professionals
For restructuring and turnaround professionals, seeking refunds following the U.S. Supreme Court's recent decision invalidating tariffs imposed under the International Emergency Economic Powers Act raises several questions about how to capture legitimate recoveries while protecting an enterprise from the consequences of its own history, says Jonny Frank and Laura Greenman at StoneTurn, and Andrew Popescu at Province.
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Using Liability Forecasts In Financial Reports Vs. Bankruptcy
Understanding the differences of scope, time frame and stakes between liability forecasts drawn up for financial reports versus those used in bankruptcy litigation is crucial for attorneys seeking to leverage economic analysis to ask the right questions, and strengthen their compliance and courtroom strategies, says Jorge Gallardo-García at Bates White.
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When 'Qualified Transferees' Can Chill UCC Foreclosures
A recent New York state court decision in a closely watched real estate dispute in WWP Mezz LLC v. WWP Mezz Investment Co. is a reminder to lenders, and a warning to borrowers, of the Uniform Commercial Code foreclosure's immense power as a lender remedy, says Joshua Wurtzel at Schlam Stone.
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Series
Watching Hallmark Movies Makes Me A Better Lawyer
I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.
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Opinion
AI Doc Ruling Got Privilege Analysis Wrong
Broad reasoning used by a New York federal judge in U.S. v. Heppner — to determine the criminal defendant's interactions with a generative artificial intelligence platform were not protected — mistakenly treats AI use as dispositive disclosure to a third party and adopts an unduly narrow conception of work product, say attorneys at Lankler Siffert.
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Assessing Potential Legal Claims From Private Credit Turmoil
Amid the downturn in the private credit markets spurred by multiple high-profile bankruptcies, a New York lawsuit stemming from the collapse of First Brands provides an important case study for investors to help minimize future losses and maximize any potential recovery in the event of a private credit default, say attorneys at Bleichmar Fonti.
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5 Tips For Navigating Your Firm's All-Attorney Summit
Excerpt from Practical Guidance
Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.
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Series
Coaching Soccer Makes Me A Better Lawyer
Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.