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Bankruptcy
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February 04, 2026
Hartford HealthCare Must Provide Docs On $86M Takeovers
Hartford HealthCare Corp. must hand over internal documents detailing its $86.1 million acquisitions of two hospitals from bankrupt Prospect Medical to a group of plaintiffs who accuse the health system of trying to create a monopoly for inpatient hospital services, a Connecticut state court judge has ruled.
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February 04, 2026
First Brands Creditors Seek To Hire Nardello For Fraud Probe
First Brands Group's unsecured creditors urged a Texas bankruptcy judge to let them retain Nardello & Co. as a forensic financial adviser and assist with their investigation into the "pervasive looting and fraud" that they allege precipitated the auto parts maker's Chapter 11 case.
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February 04, 2026
Shipping Co. Eletson Can Seek Arrest Of Ex-Officials
A New York bankruptcy judge on Wednesday allowed shipping group Eletson Holdings Inc. to seek the arrest and incarceration of former Eletson directors and others who the company says have failed to appear at court-ordered depositions.
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February 03, 2026
Sealed Letter Halts Sentencing Of 50 Cent's Ex-Associate
The sentencing of a former executive at rapper Curtis "50 Cent" Jackson's liquor brand came to an 11th-hour halt Tuesday following the prosecution's letter suggesting he violated his agreement in which he pled guilty to fraud.
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February 03, 2026
Coverage Barred For Mortgage Fee Dispute, 2nd Circ. Says
Insurers for a bankrupt financial services company are not obligated to cover settlement payments and defense costs stemming from a pair of mortgage fee class actions, the Second Circuit affirmed Tuesday, finding the claims fall squarely within an exclusion for fee-related losses.
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February 03, 2026
Google Erroneously Removed Biz Profile, Colo. Law Firm Says
Google's artificial intelligence summary erroneously referred to a nonexistent false review of a Denver bankruptcy law firm before Google removed the firm's business profile without explanation, the firm told a Colorado state court.
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February 03, 2026
Inspired Healthcare Capital Hits Ch. 11 With $1B+ Debt
Senior living-focused private equity investor Inspired Healthcare Capital has filed for Chapter 11 protection in a Texas bankruptcy court, listing between $1 billion and $10 billion in debt and with plans to pursue an asset sale.
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February 02, 2026
Businessman Fights Sanctions In $500M Miss America Feud
Attorneys for a Florida businessman locked in a $500 million dispute over the ownership of the Miss America pageant urged a federal judge Monday not to sanction their client for filing allegedly false documents, arguing they withdrew the documents once they were notified of questions about their authenticity.
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February 02, 2026
Investment Firm Hits Ch. 11 In Delaware With $100M+ Debt
Two companies, investment company Michal International Investment LLC and MII Aviation Services LLC, filed for bankruptcy in Delaware, listing liabilities of at least $10 million and $100 million, respectively.
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February 02, 2026
Colo. Hotel Owners Accused Of Owing Nearly $14M On Loan
A lender accused two real estate investors in Colorado state court of defaulting on a nearly $30 million loan and violating its terms by entering into property transfers with affiliates without approval.
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February 02, 2026
Label Maker Can Tap Ch. 11 DIP After Judge Trims Rollup
A New Jersey bankruptcy judge on Monday granted interim approval for global label maker Multi-Color Corp. to tap into post-petition financing, yet he halved the amount of money that lenders can initially roll up due to concerns about the value of collateral securing some first-lien claims.
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February 02, 2026
Honeywell Faces Bid For Fee Advancement In Russia Case
The Delaware Chancery Court on Monday heard a sharply contested argument over whether a former Honeywell executive is entitled to advancement of legal fees tied to Russian insolvency and customs proceedings, as well as "fees on fees," in a dispute that turned less on the underlying foreign matters than the mechanics of Delaware advancement law.
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February 02, 2026
Data Co. Seeks Liquidation With $194M Debt
Marketing research company Premise Data has filed for Chapter 7 liquidation in Delaware bankruptcy court, listing $194 million of debt and seeking to wind down after selling what it says was the most viable portion of its business.
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February 02, 2026
Fenwick Reaches Deal In FTX Crypto Scam Suit
Fenwick & West LLP and victims of the infamous FTX Trading Ltd. cryptocurrency scam are working toward a settlement in a case over the firm's alleged role in the trading platform's collapse.
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February 02, 2026
Ropes & Gray Hires 4 Restructuring Attys From Fried Frank
Ropes & Gray LLP announced on Monday that its new global restructuring group chair is a former Fried Frank Harris Shriver & Jacobson LLP partner who arrives at the firm alongside three of her colleagues.
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February 02, 2026
Urgent Care Co. Carbon Health Hits Ch. 11 With $100M+ Debt
Carbon Health Technologies Inc., an urgent care provider based in California, filed for Chapter 11 bankruptcy relief Monday in Texas, listing more than $100 million in liabilities.
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February 02, 2026
Oilfield Co. Nine Energy Hits Ch. 11 To Cut $320M In Debt
Oilfield services provider Nine Energy Services filed for Chapter 11 protection in a Texas bankruptcy court Monday with a prepackaged plan to cut $320 million of its $388 million in debt with an equity swap.
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January 30, 2026
Atty Defends Retyped Docs In $500M Miss America Feud
A Florida attorney testified Friday in a $500 million dispute over the ownership of the Miss America pageant to explain how the operating agreements for two companies associated with the competition were not false but retyped versions of the originals after his laptop was stolen on a trip to Ecuador.
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January 30, 2026
Real Estate Recap: Build-To-Rent, Apollo, Boston
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including takeaways for the build-to-rent sector following a recent executive order on Wall Street investment in the single-family market, Apollo REIT's $9 billion portfolio sale, and a view of Boston from the chair of a BigLaw real estate practice.
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January 30, 2026
Creditors Given Weekend To Review Saks Off 5th Closures
A Texas bankruptcy judge on Friday indicated that he will approve Saks Global's emergency motion to close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores, but not until Monday at the earliest.
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January 30, 2026
Fannie Mae Blasts Bid To Regain Minn. Apartment Control
Fannie Mae has asked a New York bankruptcy court not to return an apartment complex in Duluth, Minnesota, from receivership to its owner during a Chapter 11 appeal, saying the debtor is not to be trusted, given that it's already copped to misappropriating rents mid-bankruptcy proceedings.
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January 30, 2026
Reed Smith Brings On Gibson Dunn In $102M Award Feud
Reed Smith LLP has told a New York federal court that it has retained Gibson Dunn & Crutcher LLP to represent it in connection with a motion for sanctions, stemming from a dispute tied to a joint venture involving international shipping company Eletson Holdings.
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January 30, 2026
Boies Schiller Lands Grant & Eisenhofer Bankruptcy Leader
Boies Schiller Flexner LLP has added the former leader of Grant & Eisenhofer PA's bankruptcy and distressed litigation practice to enhance its capacity to handle all sorts of bankruptcy litigation matters.
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January 29, 2026
J&J, Talc Unit Get Patients' Bankruptcy Fraud Claims Tossed
A New Jersey federal judge Thursday tossed a proposed class action brought by cancer patients who allege that Johnson & Johnson's maneuvers to settle thousands of tort claims through Chapter 11 involved fraud, saying the plaintiffs have not asserted an injury that confers standing to sue.
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January 29, 2026
Ex-Synapse Compliance Chief Settles FINRA Supervisory Case
The former chief compliance officer of a subsidiary of bankrupt fintech company Synapse has agreed to a $20,000 fine and yearlong suspension to settle the Financial Industry Regulatory Authority's allegations he failed to preserve certain books and records ahead of the firm's collapse.
Expert Analysis
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Opinion
Supreme Court Term Limits Would Carry Hidden Risk
While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
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Tariffs And Trade Volatility Drove 2025 Bankruptcy Wave
The Trump administration's tariff regime has reshaped the commercial restructuring landscape this year, with an increased number of bankruptcy filings showing how tariffs are influencing first‑day narratives, debtor-in-possession terms and case strategies, say attorneys at Thompson Hine.
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Series
Knitting Makes Me A Better Lawyer
Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.
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The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations
Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to be aware of the potential downside of accepting letters of credit — in particular, for amounts of security that are less than the statutory bankruptcy claim cap, say attorneys at Allen Matkins.
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Series
The Biz Court Digest: Welcome To Miami
After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.
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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.