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Bankruptcy
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January 28, 2026
Del. Court Presses Norcold On Insider Bankruptcy Sale
A Delaware bankruptcy judge said he will issue an oral ruling in the coming days after hearing hours of sharply contested argument over whether Norcold LLC can proceed with an insider sale of its assets outside of a Chapter 11 plan, a transaction critics say would extinguish valuable litigation claims and leave the estate administratively insolvent.
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January 28, 2026
Record Label Says 2 Live Crew Gave Up Rights In Bankruptcy
A Miami-based record label told an Eleventh Circuit panel Wednesday that a lower court erred in determining rap group 2 Live Crew never gave up termination rights under the Copyright Act, arguing instead that the rights were included in the sale of the records in a 1996 bankruptcy.
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January 28, 2026
Data Co.'s Brass, Top Customer Face SEC 'Round-Trip' Claims
Executives of a now-bankrupt data intelligence company face U.S. Securities and Exchange Commission claims that they conspired with one of the company's biggest customers on a so-called round-trip accounting scheme to overstate the company's revenue and become a more attractive target for a special purpose acquisition company.
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January 28, 2026
First Brands Needs Court OK On $48M From Ford, GM, Polaris
Struggling auto parts maker First Brands Group urged a Texas bankruptcy judge Wednesday to let it borrow $48 million advanced by Ford, General Motors, Harley-Davidson and other customers, saying it needs the funds to stay afloat after running out of debtor-in-possession financing.Â
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January 28, 2026
Judge OKs Texas Wind Farm Owner's Cash Collateral In Ch. 11
A Texas bankruptcy judge Wednesday allowed a wind farm owner in North Texas to access cash collateral, which would enable the company to operate during Chapter 11 proceedings and move to pursue an asset sale as a going concern.
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January 28, 2026
Bankruptcy Group Of The Year: Quinn Emanuel
Quinn Emanuel Urquhart & Sullivan LLP in 2025 notched wins in novel bankruptcy issues, fending off a Brazilian telecommunication group's bid to ditch its Chapter 15 for Chapter 11 and representing the successful buyer of 23andMe's assets, earning it a spot among the 2025 Law360 Bankruptcy Groups of the Year.
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January 28, 2026
Bankrupt Alaska Airline Gets First-Day Ch. 11 Nods In Del.
A bankrupt Alaska-based airline landed its first Chapter 11 motion approvals in Delaware on Wednesday, with a U.S. Trustee's Office attorney noting that "this case has some unusual qualities to it," including an absence of revenue.
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January 27, 2026
Chancery Keeps Alive Jefferies Claims In EV Co. SPAC Suit
Aiding and abetting and breaches of fiduciary duty claims went forward in Delaware Chancery Court on Tuesday against Jefferies LLC in connection with the $1.4 billion take-public blank check company merger of electric vehicle company Electric Last Mile Solutions Inc.
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January 27, 2026
Mortgage Statements Class Action Tossed, For Now
Bank of New York Mellon and a mortgage servicing company no longer face class action claims that they unfairly sought to collect on second mortgages following a bankruptcy discharge, a Boston federal judge has determined, finding that the suit didn't show that the firms were required to send borrowers periodic statements showing that they still owed money.
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February 12, 2026
Law360 Seeks Members For Its 2026 Editorial Boards
Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.
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January 27, 2026
7th Circ. Probes Firm's Oral Agreement To Fees From Fund
Two Seventh Circuit judges on Tuesday pressed a Ballard Spahr LLP attorney to address why his firm didn't secure in writing that an investment fund would foot the legal bills of one of its officers, as the law firm is arguing to the appellate court that it has a valid claim to legal fees in the fund's bankruptcy proceedings based on an oral agreement.
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January 27, 2026
Investor Group Battles PG&E's $100M Wildfire Suit Deal
A faction of the proposed class members in a securities class action targeting Pacific Gas & Electric Co. have asked the California federal judge overseeing the case to deny a settlement of claims that the company misled investors about its safety practices ahead of deadly wildfires in the past decade.
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January 27, 2026
Offit Kurman Beats Appeal In $40M Malpractice Suit
The Pennsylvania Superior Court has ruled that a lower court properly granted summary judgment in favor of Offit Kurman and two of its lawyers in a legal malpractice case.
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January 27, 2026
Regional Alaska Airline Hits Ch. 11 With $65.7M Of Debt
The parent company of New Pacific Airlines filed for Chapter 11 protection in Delaware on Monday along with several affiliates, listing about $65.7 million of debt and saying its regional Alaskan flight routes proved to be financially unsustainable in the years after the COVID-19 pandemic.
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January 27, 2026
Bankruptcy Group Of The Year: Otterbourg
Otterbourg's bankruptcy attorneys spent 2025 pushing the frontiers of their practice, helping secure the dismissal of Johnson & Johnson's talc unit's bankruptcy plan and achieving confirmation of Purdue Pharma LP's $7.4 billion Chapter 11 plan — earning a spot among the 2025 Law360 Bankruptcy Groups of the Year.
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January 27, 2026
Fatburger Owner FAT Brands Hits Ch. 11 With $1.5B Debt
FAT Brands Inc., the owner of Fatburger and Johnny Rockets, and its affiliates have filed for Chapter 11 protection in a Texas bankruptcy court with $1.45 billion in funded debt, felled by an unsustainable debt load and flagging liquidity.Â
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January 26, 2026
Ch. 7 Trustee Seeks $59M To Halt Pump Co. Family Transfers
The Chapter 7 trustee overseeing the bankruptcy of pump manufacturer Nash Engineering Co. has demanded a $59.7 million placeholder payment from a sprawling array of family members and trusts connected to the company's owners, saying the myriad defendants need to be stopped from hiding assets from creditors.
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January 26, 2026
Texas Wind Farm Owner Hits Ch. 11 With $108M In Debt
A wind farm owner in North Texas has filed for Chapter 11 protection with $108 million in debt, saying a winter storm in 2021 put it on a path to conflict with a partner in a defunct hedging agreement, with the partner eventually installing leaders to restructure the debtor.
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January 26, 2026
Bankrupt Biz Can't Avoid Pension Obligations, 4th Circ. Says
A defunct construction business owes the International Painters and Allied Trades Industry Pension Fund about $1.6 million, a Fourth Circuit panel said Monday, affirming a lower court's decision that the fund's lawsuit seeking payment was filed on time.
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January 26, 2026
Bankruptcy Group Of The Year: Weil
Weil Gotshal & Manges LLP's bankruptcy attorneys tackled some of the most talked-about cases in 2025, with work that included spearheading First Brands' more than $10 billion Chapter 11 and confirming Steward Health Care's plan, putting the team among the 2025 Law360 Bankruptcy Groups of the Year.
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January 26, 2026
La. Doctor Drops Porzio Bromberg Malpractice Suit In NJ
A Louisiana doctor has dropped his legal malpractice suit against New Jersey firm Porzio Bromberg & Newman PC after the firm moved to dismiss the suit, though the doctor left open the possibility of continuing to pursue claims.
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January 26, 2026
SVB Says FDIC Can't Claim Setoff In $1.9B Fight
The bankrupt parent of the failed Silicon Valley Bank on Monday made its case to the Second Circuit that the Federal Deposit Insurance Corp. lost the right to assert setoff arguments in a fight over $1.9 billion in bank funds by failing to make the argument in SVB's Chapter 11 case.
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January 23, 2026
Real Estate Recap: HUD, Corporate Landlords, Atty Errors
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how the U.S. Department of Housing and Urban Development may be shifting focus, what President Donald Trump's executive order on investment in single-family homes means for Wall Street, and a look at some of the mistakes made by real estate attorneys.
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January 23, 2026
6th Circ. Won't Revive Bread Financial Investors' Suit
The Sixth Circuit won't resuscitate investor claims against the company now known as Bread Financial Holdings Inc., finding that the suit didn't show how shareholders were misled or defrauded leading up to a corporate spin-off that ended in bankruptcy.
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January 23, 2026
Coinbase Moves To End Suit Over SEC, 'Bankruptcy' Warnings
Coinbase and its top brass have again urged a New Jersey federal judge to toss a class action alleging the cryptocurrency exchange misled investors about its regulatory risks and bankruptcy concerns, arguing investors were given enough notice about a U.S. Securities and Exchange Commission investigation and that new Third Circuit rulings undercut the suit's claims.
Expert Analysis
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What Law Firm Liability Risks In 2025 Signal For Year To Come
Trends and statistics reveal that law firms of all sizes and practice areas remained attractive litigation targets this year, so firms must take concrete steps to avoid professional liability risks in the year to come, say Douglas Richmond and Andrew Ricke at Lockton Companies.
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.
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Series
The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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Opinion
Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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Series
Preaching Makes Me A Better Lawyer
Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.
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Series
Law School's Missed Lessons: Practicing Client-Led Litigation
New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.
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Perspectives
Nursing Home Abuse Cases Face 3 Barriers That Need Reform
Recent headlines reveal persistent gaps in oversight and protection for vulnerable residents in long-term care, but prosecution of these cases is often stymied by numerous challenges that will require a comprehensive overhaul of regulatory, legal and financial structures to address, says Veronica Finkelstein at Wilmington University.
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Series
The Law Firm Merger Diaries: How To Build On Cultural Fit
Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.
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Considerations When Invoking The Common-Interest Privilege
To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.
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Series
The Law Firm Merger Diaries: Making The Case To Combine
When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.
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Opinion
Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar
Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.
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Rule Amendments Pave Path For A Privilege Claim 'Offensive'
Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.
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Series
My Miniature Livestock Farm Makes Me A Better Lawyer
Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.
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Litigation Funding Could Create Ethics Issues For Attorneys
A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.