Bankruptcy

  • March 27, 2026

    Apollo, BlackRock Deny Asking Kirkland To Abandon Optimum

    Apollo, Ares, BlackRock and other major financial companies have denied Optimum Communications' claims accusing them of "bullying" Kirkland & Ellis LLP into withdrawing as the telecommunications company's transaction counsel to get revenge for a collusion lawsuit filed in New York federal court.

  • March 27, 2026

    Polsinelli Hires Practice Head From McDermott In NY

    Polsinelli PC has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on private credit, distressed investing, and complex restructuring matters."

  • March 27, 2026

    NJ Federal Judge DQs Beasley Allen In J&J Talc MDL

    A New Jersey federal judge has disqualified the Beasley Allen Law Firm from representing hundreds of plaintiffs in sprawling multidistrict litigation over Johnson & Johnson's talc-based baby powder, holding that the firm violated ethics rules by collaborating with former outside counsel for J&J, a ruling the law firm has vowed to appeal.

  • March 27, 2026

    Simpson Thacher Adds 2 Ex-Kirkland Restructuring Partners

    Two former Kirkland & Ellis LLP restructuring attorneys have joined Simpson Thacher & Bartlett LLP as partners in the capital structure solutions practice.

  • March 26, 2026

    Multi-Color's DIP Loan Up In The Air As Judge Balks At Rollup

    A New Jersey bankruptcy judge on Thursday said he wasn't ready to give final approval to a debt rollup proposed in Multi-Color Corp.'s Chapter 11 case, throwing into question one of the postpetition financing backers' willingness to fund the debtor's operations.

  • March 26, 2026

    Creditors, US Trustee Protest Jones Day In Vanderbilt Case

    The U.S. Trustee's Office and a group of creditors have urged a New York bankruptcy judge to reject mining company Vanderbilt Minerals' bid to retain Jones Day as counsel, arguing the law firm is conflicted because it represented the debtor's parent company prior to Vanderbilt's Chapter 11 case.

  • March 26, 2026

    Core Scientific Can't Move Crypto Patent Case Across Texas

    A judge in the Eastern District of Texas denied a bid by cryptocurrency mining company Core Scientific Inc. to move a case accusing it of infringing cryptography patents to the Western District of Texas, saying Core had not shown that it was clearly a more convenient venue.

  • March 26, 2026

    BlockFills Gets Ch. 11 Stay Of Crypto Suit Targeting 3 Execs

    Cryptocurrency firm BlockFills secured a Delaware bankruptcy judge's permission Thursday to temporarily block a lawsuit from creditors alleging the company and three current and former executives failed to properly manage customer assets.

  • March 26, 2026

    Cannabis Co. Gets Stay Protection For US Subsidiaries

    A Delaware bankruptcy judge on Thursday stayed actions against the U.S. subsidiaries of Cannabist Company Holdings as the bankrupt Canadian company moves to sell its assets or wind them down.

  • March 25, 2026

    EV Co. Investors Get Final OK Of $13.3M Deal, Atty Fees

    Investors in bankrupt electric vehicle company Arrival have gotten final approval for their nearly $13.3 million deal ending claims the company touted a purportedly profitable business plan as it went public via merger with a special purpose acquisition company only to scale back its projections within a year of the merger announcement.

  • March 25, 2026

    Woman Deserves Relief From Tax Prep Fraud, Justices Told

    Two taxpayer groups and a tax counsel association urged the U.S. Supreme Court to hear a woman's appeal over liabilities triggered by a fraudulent preparer, arguing the Third Circuit decision in the case misread the fraud exception in the tax assessment statute.

  • March 25, 2026

    Ex-Nikola CEOs Can't Get Bankruptcy Pause For Investor Suit

    Former CEOs of bankrupt electric-truck maker Nikola Corp. can't hit pause on proposed investor class action claims they face while related claims against the company are stayed amid its bankruptcy proceedings, an Arizona federal judge has determined.

  • March 25, 2026

    Fecal Treatment Co. Says Ch. 11 Is Best Option To Sell Assets

    Microbiome treatment developer Finch Therapeutics told a Delaware bankruptcy judge Wednesday that its lack of income or ability to collect on a patent judgment justified its Chapter 11 filing despite a lack of secured debts.

  • March 25, 2026

    Serta Lenders End Trial Over 'Uptier' Ahead Of Summer Ruling

    Lenders to Serta Simmons Bedding presented closing arguments in Texas bankruptcy court Wednesday in a trial over damages that investors excluded from the mattress maker's 2020 "uptier" deal say they should be awarded, an issue which the presiding judge expects to decide on in the next few months.

  • March 25, 2026

    Ashurst Adds 4 Ex-Bracewell Partners To Finance Practice

    Ashurst LLP has announced the addition of a four-partner team in New York to expand its finance and restructuring capacities ahead of a proposed merger with Perkins Coie LLP.

  • March 25, 2026

    Cannabis Co. Seeks Ch. 15 As It Eyes Sales Of US Business

    The foreign representative for Cannabist Company Holdings Inc., a purveyor of cannabis products, asked a Delaware bankruptcy judge Wednesday to recognize the company's Canadian insolvency in U.S. courts as it seeks to sell operations it is running in the U.S.

  • March 24, 2026

    SiriusXM Beats Research Institute's Patent Case Due To Delay

    A Delaware federal judge on Tuesday said German research institute Fraunhofer-Gesellschaft's delay in bringing a patent suit against SiriusXM was fatal to its claims, after the Federal Circuit previously said the judge must look closer at whether that delay was relied upon by Sirius.

  • March 24, 2026

    Justices Weigh Change To Estoppel Rule Used In Ch. 13 Case

    The U.S. Supreme Court heard arguments Tuesday over whether the Fifth Circuit erred in letting judicial estoppel bar a Chapter 13 debtor from pursuing tort litigation after failing to disclose the claim to a bankruptcy court, weighing whether to apply a holistic test to determine if the debtor's mistake was inadvertent.

  • March 24, 2026

    4th Circ. Affirms False Ads Verdict Against Chinese Pool Co.

    The Fourth Circuit on Tuesday affirmed a jury verdict finding a Chinese pool parts company liable for falsely advertising its products as made in the USA as part of a larger judgment favoring a North Carolina manufacturer that has since ballooned to over $17 million.

  • March 24, 2026

    Genesis Gets OK For $7.3M Employee Bonus Plan

    A Texas bankruptcy judge Tuesday gave Genesis Healthcare permission to pay up to $7.3 million in bonuses to executives and other employees, agreeing with the nursing home chain that the workers are needed to keep the business running until its Chapter 11 sale closes.

  • March 24, 2026

    Beasley Allen Says NJ Justices Review Of Talc DQ 'Essential'

    Beasley Allen urged the New Jersey Supreme Court to hear its appeal of a lower court's decision to disqualify it from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powder, arguing that the court's immediate review of the interlocutory order is "essential."

  • March 24, 2026

    First Brands Seeks To Close Brakes, Spark Plug Businesses

    First Brands has asked a Texas bankruptcy judge to let the auto parts supplier wind down some of its remaining businesses, including several brake components brands and its Autolite spark plug unit.

  • March 23, 2026

    Bankman-Fried Must Reveal Any Legal Help In Pro Se Motion

    A federal judge in Manhattan on Monday ordered incarcerated FTX founder Sam Bankman-Fried to reveal how much, if any, attorney help he had in drafting his motion for a new trial, saying criminal defendants don't have the right to both represent themselves and be represented by counsel.

  • March 23, 2026

    4th Circ. Finds Mortgage Docs Didn't Violate Bankruptcy Stay

    The Fourth Circuit has declined to revive a debtor's lawsuit claiming his mortgage servicers violated bankruptcy protections, finding that none of the monthly account statements, payoff statements and tax statements the servicers sent him were related to debt collection. 

  • March 23, 2026

    NY Hotel That Housed Asylum-Seekers Hits Ch. 11

    A hotel north of New York City that had agreed to provide long-term shelter for asylum-seekers, and was subsequently sued by a municipality for doing so, has filed for Chapter 11 protection, listing between $1 million and $10 million worth of assets and liabilities.

Expert Analysis

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    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.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    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.

  • Series

    Preaching Makes Me A Better Lawyer

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    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.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

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    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.

  • Perspectives

    Nursing Home Abuse Cases Face 3 Barriers That Need Reform

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    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.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

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    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.

  • Considerations When Invoking The Common-Interest Privilege

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    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.

  • Series

    The Law Firm Merger Diaries: Making The Case To Combine

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    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.

  • Opinion

    Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

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    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.

  • Rule Amendments Pave Path For A Privilege Claim 'Offensive'

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    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.

  • Series

    My Miniature Livestock Farm Makes Me A Better Lawyer

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    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.

  • Litigation Funding Could Create Ethics Issues For Attorneys

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    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.

  • E-Discovery Quarterly: Recent Rulings On Dynamic Databases

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    Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

  • Drafting For Distress: D&O Policy Tips Ahead Of Ch. 11 Filings

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    Considering recent bankruptcy statistics and the economic climate, now is a good time for companies to revisit their directors and officers liability insurance coverage, as understanding how these programs are structured and which terms matter at placement or renewal can materially improve protection for leaders of a distressed company, say attorneys at Reed Smith.

  • Series

    Building With Lego Makes Me A Better Lawyer

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    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

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