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April 10, 2026
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
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
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
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.
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April 10, 2026
Radio station operator Spanish Broadcasting System Inc. announced Friday it had entered into a restructuring support agreement with a majority of its secured noteholders to complete a prepackaged debt-for-equity swap plan through a Chapter 11 case, with an option to pivot to a sale of the business.
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April 10, 2026
The New Jersey Supreme Court has declined to review a lower court's order booting the Beasley Allen Law Firm from multicounty litigation in the Garden State over Johnson & Johnson's talcum powder, according to an order made public Friday.
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April 10, 2026
Massachusetts-based battery recycler Ascend Elements has filed for Chapter 11 in Texas with upward of $143 million in debt, saying it is hard up on cash at its early stage of development and needs to reorganize to meet its long-term goals.
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April 09, 2026
An Irish entity of drugmaker Mallinckrodt waited too long to seek dismissal of a price-fixing lawsuit brought by states based on a lack of personal jurisdiction or proper service, a Connecticut federal judge has ruled, finding that the company first raised that argument more than five years after the complaint was filed.
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April 09, 2026
A Prager Metis equity partner who led the firm's audits of defunct crypto asset trading platform FTX has been barred, for now, from appearing or practicing before the U.S. Securities and Exchange Commission in connection with the regulator's claims he mishandled the FTX financial reviews and improperly blessed its financial statements.
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April 09, 2026
A British Virgin Islands company accused a Chinese state-owned enterprise of exploiting COVID-19 travel bans to seize its 11% stake in an electric vehicle manufacturer, wiping out the investor's equity without compensation and stealing proprietary technology.
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April 09, 2026
Consulting firm McKinsey & Co. has agreed to pay $125 million to former client Purdue Pharma LP to settle potential claims related to its work advising Purdue on the sale and marketing of opioids, tying up another loose end in the nearly seven-year-old Chapter 11 case.
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April 09, 2026
Embattled Texas firm MMA Law has filed nearly a score of complaints amid an ongoing bankruptcy action, including accusing a Louisiana attorney, his wife and an insurer of working together to "target, dismantle and destroy" the firm in an effort to avoid sharing a cut of legal fees stemming from storm damage claims.
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April 09, 2026
A Texas bankruptcy judge on Thursday gave the go-ahead for four of First Brands' co-debtors to shift from Chapter 11 cases to Chapter 7 cases and approved a related settlement between the auto parts maker and a creditor that had requested the change.
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April 09, 2026
Court-appointed liquidators of the companies in the Prince Group — linked by U.S. and U.K. authorities to a massive Cambodia-based "pig butchering" network that used human-trafficked captives to sell scam crypto investments — are seeking Chapter 15 recognition of their insolvency proceedings.
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April 08, 2026
A Federal Circuit panel expressed frustration with attorneys from both Purdue Pharma LP and generic-drug maker Accord Healthcare Inc. Wednesday as it tried to navigate whether the Delaware district court order invalidating Purdue's abuse-deterrence patent was explicit enough.
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April 08, 2026
A Colorado cannabis company requested judicial oversight of its dissolution Tuesday after informing a state court judge through a motion for emergency appointment of a receiver that the company is no longer able to pay its obligations.
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April 08, 2026
A Texas bankruptcy judge on Wednesday said he would confirm bankrupt recycler Aleon Metals LLC's Chapter 11 plan once its releases are narrowed, having concluded that the releases were consensual.
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April 08, 2026
The U.S. Securities and Exchange Commission has sued the former CEO of a now-defunct organic alcohol company in Minnesota federal court for allegedly raising $2.4 million from investors after recording sham transactions to prop up the company amid financial difficulties.
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April 08, 2026
The owner of Element Student Living, an apartment complex near California State University Sacramento linked to real estate firm Versity Investments, filed for Chapter 11 protections in Delaware with at least $50 million in liabilities two days before a scheduled foreclosure auction.
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April 08, 2026
Binance and its founder told a Delaware bankruptcy judge Wednesday there are no grounds on which to claw back a $1.76 billion payment to the cryptocurrency platform from its defunct competitor FTX, saying it was a fair deal reached outside her jurisdiction.
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April 08, 2026
A Colorado state judge has granted a bankruptcy attorney's request to dismiss his complaint against Google, in which he accused the company of removing his firm's business profile without explanation.
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April 08, 2026
The First Circuit wrestled Wednesday with whether to overturn a ruling that Puerto Rico's debt restructuring does not block civil rights lawsuits against the commonwealth's officials as individuals, giving no clear indication as to how the panel may rule.
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April 07, 2026
A Texas bankruptcy judge on Tuesday put off a final decision on auto parts maker First Brands' move to speedily sell several of its filter and windshield wiper brands for $25 million, saying he wanted to know whether the buyer is dead set on purchasing a bundle.
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April 07, 2026
Mall owner Simon Property Group has joined with other landlords of Fat Brands' eateries to tell a Texas bankruptcy court that the restaurant group's proposed Chapter 11 sale procedures don't give the property owners sufficient input into the sale of their leases.
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April 07, 2026
A D.C. Circuit judge told the attorney for the embattled former CEO of Steward Health Care on Tuesday that she couldn't comprehend how his client could invoke his Fifth Amendment rights without showing up to his scheduled appearance before a Senate committee.