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Bankruptcy
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March 02, 2026
Saks, Simon Properties Argue Fate Of Store Leases
Retail landlord Simon Properties and luxury retailer Saks Global on Monday wrangled over the wording of a 2024 investment agreement as they asked a Texas bankruptcy judge to determine the fate of the leases of two Saks locations.
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March 02, 2026
Fla. REIT Blames Ponzi Probe, Lawsuits In Ch. 11 Filing
A real estate investment trust accused last year by Florida authorities of being a Ponzi scheme has filed for federal bankruptcy protection, claiming the state probe, a racketeering lawsuit from a talk show host and a U.S. Securities and Exchange Commission action tarnished its reputation.
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March 02, 2026
Cadwalader Continues Restructuring Growth With UK, US Duo
Cadwalader Wickersham & Taft LLP announced on Monday that it is continuing to invest in its restructuring bench with two lawyers in New York and London.
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March 02, 2026
J&J Unit Wins Bid To Revive Talc Libel Suit With New Basis
A New Jersey federal judge has revived a bankrupt Johnson & Johnson talc subsidiary's trade libel claim over a 2020 scientific article linking asbestos in talc to mesothelioma, finding that new evidence and allegations concerning the authenticity of the author's data are enough to survive a motion to dismiss.
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March 02, 2026
Chicago-Area Horse Track Hits Ch. 11 With $57M Debt
A Chicago-area racecourse has filed for Chapter 11 protection in Illinois bankruptcy court with nearly $57 million in debt and plans to seek a buyer a month after state regulators shut down harness racing at the site for financial issues.
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February 27, 2026
'Lack Of Adversity' Stops Court From Ending Biden SAVE Plan
A Missouri federal judge dismissed a coalition of Republican-led states' lawsuit challenging a Biden-era student debt relief plan, saying Friday he can't end the plan like the Trump administration wanted given the "apparent lack of adversity" in the suit between the states and the administration.
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February 27, 2026
7th Circ. Rejects Firm's $237K Fee Bid From Investment Fund
Ballard Spahr LLP does not have a valid claim to roughly $237,000 in unpaid legal fees it sought from a Wisconsin-based gem and fine metal investment fund that went through bankruptcy, the Seventh Circuit said Friday.
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February 27, 2026
Optimum Says Apollo, BlackRock Bullied Kirkland Withdrawal
Optimum Communications is escalating its fight accusing Apollo, Ares, BlackRock and other financial giants of an illegal joint campaign constricting its ability to refinance debt, amending its New York federal court complaint to also accuse the companies of "bullying" Kirkland & Ellis LLP into withdrawing as its transaction counsel.
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February 27, 2026
Kluger Kaplan Exiting $500M Miss America Ownership Battle
Kluger Kaplan attorneys said Friday they can no longer represent a businessman in a $500 million dispute over the ownership of the Miss America pageant, after a Florida federal court's questions to the lawyers about documents the court has found to be fraudulent put them in conflict with their client.
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February 27, 2026
Alex Jones' Sandy Hook Atty Eyes Exit After Appeals End
An attorney who represented conspiracy theorist Alex Jones has asked a Connecticut state court judge's permission to withdraw now that litigation has mostly ended in a $1.44 billion defamation challenge to Infowars broadcasts about the Sandy Hook Elementary School massacre.
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February 27, 2026
Tricolor Noteholders Say Big Banks Ignored Auto Loan Fraud
Securitized auto loan investors are suing JPMorgan, Barclays and Fifth Third in New York federal court, alleging the banks ignored glaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings that collapsed in bankruptcy last year.
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February 27, 2026
Dine-In Theater Co. IPic Hits Ch. 11 With Plans To Sell Assets
Dine-in movie theater chain iPic Theaters has filed for Chapter 11 protection in Florida bankruptcy court with up to $10 million in debt, saying it intends to sell its assets during the case.
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February 26, 2026
Buddy Mac Wins Court Approval To Sell Co-Owned Properties
A Texas bankruptcy judge on Thursday ruled that rent-to-own retailer Buddy Mac Holdings LLC can sell several co-owned properties, over the objection of co-owners who argued they had not been given proper notice.
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February 26, 2026
Fifth Third Bank Pursues $80M From Texas Developer
Fifth Third Bank has sued a San Antonio real estate developer in Texas federal court for more than $80 million, seeking to invoke guaranties on two troubled construction loans after the borrowing entities defaulted and filed for bankruptcy.
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February 26, 2026
TV Azteca Seeks Reorganization In Mexico
Mexican television channel TV Azteca on Thursday announced it had begun insolvency proceedings in Mexico, saying it is facing economic headwinds as well as mounting liabilities and needs to reorganize.
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February 26, 2026
DC Coffee Chain Compass Can Sell Stores In Ch. 11
A Washington bankruptcy judge agreed Thursday to approve the sale of Compass Coffee's locations and other assets to the American branch of European coffeehouse chain Caffe Nero, the debtor announced.
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February 26, 2026
Multi-Color, Creditors Clash Over Bid To Transfer NJ Case
A New Jersey bankruptcy judge declined to rule Thursday on motions by a creditor group and the U.S. Trustee's Office to transfer or dismiss the Chapter 11 case of global label maker Multi-Color Corp., saying he would endeavor to rule on them soon.
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February 26, 2026
Condo Board Files Ch. 11, Citing Developer's 'Self-Dealing'
A condominium association for a Times Square hotel and residential tower is seeking to stabilize itself with a bankruptcy filing in federal court that accuses the property's original developer of self-dealing, filing frivolous lawsuits and other mismanagement using control of residential condo units at the property.
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February 25, 2026
Jefferies Faces Investor Fraud Suit Tied To First Brands Crash
Jefferies Financial Group investors accused the financial services firm of misrepresenting the safeguards of a fund linked to now-bankrupt auto parts maker First Brands Group in order to secure their $25 million investment, according to a New York lawsuit made public Wednesday.
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February 25, 2026
DCG Crypto Class Action Proceeds, But State Law Claims Cut
Digital Currency Group must face a proposed class action accusing it of trying to conceal a $1.1 billion debt crisis from lenders through a "sham transaction" with its crypto-lending subsidiary, but a Connecticut federal judge cut state law claims on the grounds that they overlapped with the suit's federal securities claims and could delay the action if allowed to remain.
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February 25, 2026
Lender In Fla. High-Rise Dispute Says $70M Loan Wasn't 'Free'
A lender urged a Florida bankruptcy court on Wednesday to end an adversary proceeding alleging that it fraudulently induced the holder of a downtown Miami high-rise plot to accept the terms of a $70 million loan, arguing that the recipients are trying to get "free" money.
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February 25, 2026
Levona Wants Permanent Injunction In Eletson Gas Spat
Levona Holdings urged a New York district court to permanently bar the former majority shareholders of Eletson Gas from exercising any control over the company or interfering with Levona's ownership of the preferred interests in the company, several weeks after the federal court vacated a $102 million arbitration award in the feud.
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February 25, 2026
Porta-Potty Co. Sees Quick Ch. 11 Exit After Plan Confirmed
Porta-potty provider United Site Services Inc. is on track to exit bankruptcy later this week after a New Jersey bankruptcy judge confirmed its Chapter 11 plan with opt-out third-party releases intact, over the objection of a federal watchdog.
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February 25, 2026
Conn. Insurance Chief Fights Intervention In Liquidation Row
Connecticut's interim insurance commissioner urged a state court not to allow a pair of universal life policyholders that are over a $300,000 cap on death benefits to intervene in his plan to liquidate a struggling insurer, saying they are seeking an inequitable premium holiday on their policies.
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February 25, 2026
Former Philly Hospital Operator's Ch. 11 Wind-Down Gets OK
A Delaware bankruptcy judge on Wednesday signed off on the Chapter 11 liquidation plan of Center City Healthcare, the former operator of two Philadelphia hospitals, allowing the debtor to wind down its affairs and make distributions to creditors.
Expert Analysis
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Business Considerations Amid Hemp Product Policy Change
With the passage of a bill fundamentally narrowing the federal definition of "hemp," there are practical and business considerations that brands, manufacturers and other parties should heed over the next year, including operational strategies, evaluating contract and counterparty risk, and tax implications, say attorneys at Foley Hoag.
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Series
Judges On AI: How Courts Can Boost Access To Justice
Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.
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Opinion
The Case For Emulating, Not Dividing, The Ninth Circuit
Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.
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Series
Muay Thai Makes Me A Better Lawyer
Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.
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Series
Law School's Missed Lessons: Intentional Career-Building
A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.
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The Bankruptcy Risks Inherent In AI Data Center Power Deals
While the construction of data centers that fuel artificial intelligence continues to accelerate, some potential risks to their business model and the power supply arrangements they rely on appear on the horizon, says Mark Sherrill at Chamberlain Hrdlicka.
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4 Developments That Defined The 2025 Ethics Landscape
The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.
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Navigating AI In The Legal Industry
As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption.
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How Fractional GCs Can Manage Risks Of Engagement
As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.
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3 Notable Developments In Ch. 15 Bankruptcy This Year
Several notable Bankruptcy Code Chapter 15 decisions from 2025 warrant review, including rulings that clarified the framework of Chapter 15 surrounding nonparty releases, reinforced the principles of a debtor's center of main interest in the face of extensive mass tort litigation, and reviewed synthetic cross-border proceedings, say attorneys at Troutman.
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Series
Nature Photography Makes Me A Better Lawyer
Nature photography reminds me to focus on what is in front of me and to slow down to achieve success, and, in embracing the value of viewing situations through different lenses, offers skills transferable to the practice of law, says Brian Willett at Saul Ewing.
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Series
Law School's Missed Lessons: Practical Problem Solving
Issue-spotting skills are well honed in law school, but practicing attorneys must also identify clients’ problems and true goals, and then be able to provide solutions, says Mary Kate Hogan at Quarles & Brady.
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Opinion
A Uniform Federal Rule Would Curb Gen AI Missteps In Court
To address the patchwork of courts’ standing orders on generative artificial intelligence, curbing abuses and relieving the burden on judges, the federal judiciary should consider amending its civil procedure rules to require litigants to certify they’ve reviewed legal filings for accuracy, say attorneys at Shook Hardy.
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Series
The Law Firm Merger Diaries: Integrating Practice Groups
Enacting unified leadership and consistent client service standards ensures law firm practice groups connect and collaborate around shared goals, turning a law firm merger into a platform for growth rather than a period of disruption, says Brian Catlett at Fennemore Craig.
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Receivership Law May Streamline Real Estate Sales In Illinois
The Illinois Receivership Act, which goes into effect Jan. 1, provides much-needed clarity on the issue of receivers' sales of commercial real estate and will make the process easier for parties including receivers, special servicers and commercial real estate lenders, say attorneys at Troutman.