Bankruptcy

  • September 30, 2026

    Cigna, Fla. Atty Resolve $21M Claim In Ch. 7 Case

    A Florida federal bankruptcy judge on Wednesday approved a settlement between a lawyer and Cigna in a Chapter 7 lawsuit, resolving a $21 million claim the health insurer once disputed as nondischargeable for only a fraction of the amount. 

  • September 30, 2026

    National Pool Supply Co. Hits Ch. 11 With $685M Debt Deal

    Pool supplier Leslie's Inc. filed for Chapter 11 protection in Texas bankruptcy court Wednesday, saying it has the agreement of the majority of its lenders on a $685 million debt-for-equity restructuring plan.

  • September 29, 2026

    DOJ Says Trump Name Is Key To Kennedy Center Survival

    The U.S. Department of Justice told the D.C. Circuit the Kennedy Center's donors will flee if his name isn't put back on the building, arguing in its opening brief to the appeals court that the institution faces "financial ruin" without "appropriate recognition" for Trump.

  • September 29, 2026

    Tommy's Boats Owner Says Atty Error Led To $65M Judgment

    The owner of defunct boat and water sports dealer Tommy's Boats sued the company's former attorneys from Miller Johnson Snell & Cummiskey in Michigan state court, accusing them of failing to ensure its supplier would buy back unsold inventory in the event of a loan default, an alleged oversight that left the owner personally liable for $65 million.

  • September 29, 2026

    Brightline Can Tap $190M In Ch. 11 Financing, Judge Says

    Entities that own high-speed rail network Brightline Florida received a New Jersey bankruptcy judge's permission Tuesday to obtain interim access to $190 million of Chapter 11 financing in an unconventional loan package involving a nondebtor that runs the railroad.

  • September 29, 2026

    Dish DBS Gets OK To Cut $4.75B In Debt Under Ch. 11 Plan

    Pay-TV provider Dish DBS Corp. secured a Texas bankruptcy judge's approval Tuesday to eliminate $4.75 billion of its debt under the company's Chapter 11 plan, letting the EchoStar unit complete a deal ending long-running litigation with a majority of creditors holding almost $10 billion in debt.

  • September 29, 2026

    Ambipar Wins US Recognition Of Brazilian Reorg

    A Texas bankruptcy judge has granted U.S. recognition of Ambipar Group's more than $1 billion Brazilian restructuring proceeding, suspending a related Chapter 11 case and overruling objections from creditors.

  • September 29, 2026

    Senate Passes Bankruptcy Bill Restoring Higher Debt Limits

    The U.S. Senate passed a House-approved bill that would bring back and make permanent higher debt limits for small businesses and individuals accessing streamlined restructuring processes.

  • September 28, 2026

    Parler Wasn't Worth Much When CEO Was Fired, Jury Told

    A company valuation expert testified Monday in the trial over Parler's 2021 ouster of its CEO that the company had little value at the time and that insider estimates in the hundreds of millions of dollars were "speculation."

  • September 28, 2026

    Logan Seeks US Nod For $11.9B Hong Kong Restructuring

    The Chinese real estate developer Logan Group Co. Ltd. on Monday asked a Texas bankruptcy court for U.S. recognition of an $11.9 billion debt restructuring scheme in Hong Kong and the Cayman Islands.

  • September 28, 2026

    Katerra Inks Deal Clawing Back $560K In Jackson Walker Fees

    The administrator for construction startup Katerra Inc.'s Chapter 11 plan has told a Texas bankruptcy court he reached a $560,000 settlement with Jackson Walker LLP over the fees the firm was awarded in the case by a bankruptcy judge who was dating a Jackson Walker partner.

  • September 28, 2026

    SilverRock Trustee Dismissed Over Ch. 11 Fund Transfers

    A Delaware bankruptcy judge terminated the litigation trustee appointed under the confirmed Chapter 11 plan of California resort developer SilverRock Development on Monday after hearing from creditors that more than $2.2 million had been transferred out of trust accounts in recent months.

  • September 28, 2026

    Insurer Seeks Exit From Pharma Co.'s $50M Creditor Dispute

    An insurer for a San Francisco pharmaceutical company told a California federal court it owes no duty to defend the company in a suit from a creditor and shareholder alleging directors and officers mismanaged the company to protect their equity, saying a creditors exclusion bars coverage.

  • September 28, 2026

    Resort Developer Gets OK For New $177M DIP, Lender Deal

    A Texas bankruptcy judge on Monday gave Five Star Development permission to take out $177.5 million in new Chapter 11 financing and refinance part of its prebankruptcy debt after hearing the resort developer is close to a deal to trim what it owes its other major creditor.

  • September 28, 2026

    Judge Tosses NJ Developer's Ch. 11, Citing Harm To Creditor

    A New Jersey bankruptcy judge has dismissed the Chapter 11 case of the company developing a 120-unit residential complex in the state, finding the creditor that made the request stood to be harmed more by the proceeding than the debtor would be with its bankruptcy tossed.

  • September 25, 2026

    PTAB Invalidates Challenged Claims In Breast Pump Patent

    The Patent Trial and Appeal Board on Friday ruled that all claims Shenzhen Root Technology Co. Ltd. challenged in a Willow Blossom wearable breast pump patent are invalid on numerous grounds.

  • September 25, 2026

    Del. Chancery Says Curonix Owns Stimwave Shares

    The medical device company Curonix LLC has won its lawsuit against the founder of Stimwave Technologies Inc., with Delaware's Court of Chancery finding that the plaintiff is the rightful holder of 75,000 shares of the company it purchased in bankruptcy.

  • September 25, 2026

    2nd Circ. Rules $7.25M Mansion Belongs In Guo's Ch. 11

    The Second Circuit on Friday upheld a Connecticut bankruptcy court decision that folded a $7.25 million mansion into the Chapter 11 estate of convicted fraudster Miles Guo, turning away his wife's argument that she actually controlled the property's corporate owner.

  • September 25, 2026

    Weil Hires Willkie Restructuring Leader In Latest Boomerang

    Weil Gotshal & Manges LLP has announced that it continued its boomerang hiring streak by adding the former chair of Willkie Farr & Gallagher LLP's restructuring and reorganization practice.

  • September 25, 2026

    Linklaters Atty Is Latest Add To O'Melveny Bankruptcy Team

    O'Melveny said Thursday that it has added another attorney to its bankruptcy and restructuring team in New York — a former Linklaters LLP partner who the firm said enhances its creditor-side and special situations capabilities.

  • September 25, 2026

    NextEra's $9.5M Deal In Wage-Fixing Case Gets Initial OK

    A Maryland federal judge gave preliminary approval to a settlement agreement that would see NextEra Energy pay $9.5 million to resolve class action allegations it conspired with other nuclear energy producers to fix worker wages.

  • September 25, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamation claim against the company, and property investment group Hunter Jones hit by a claim from the Financial Conduct Authority. 

  • September 25, 2026

    Brightline Florida To Continue Operating While In Ch. 11

    Florida's Brightline rail service will continue operating during the Chapter 11 cases of its parent entities, as they pursue a restructuring of more than $1 billion of bond debt with the support of its creditors.

  • September 24, 2026

    Ex-Tricolor CEO Says Feds Botched Warrants In Fraud Case

    The former CEO of Tricolor Holdings on Thursday urged a Manhattan federal judge to bar any evidence seized from searches of his communications from being used to support accusations that he deceived lenders and investors about the subprime auto lender's assets before it crashed into bankruptcy with $1 billion in debt, saying federal agents ran roughshod over the Fourth Amendment.

  • September 24, 2026

    Summer Camp Co. Says $19M Lien Targets Wrong Ch. 11 Case

    Summer camp company SIMAD Holdings asked a New Jersey bankruptcy judge Thursday to nix a roughly $18.7 million claim lodged by a New York-based credit union, saying the relevant lien has to do with property in a different bankruptcy.

Expert Analysis

  • Series

    NY Times Word Puzzles Make Me A Better Lawyer

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    Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

  • Series

    Law School's Missed Lesson: Diagnose Before Arguing

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    Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

  • Becoming The Biz-Savvy GC That Portfolio Companies Need

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    Candidates for general counsel roles at private equity-backed portfolio companies should prioritize proving their sector-specific experience, commercial judgment and ease with uncertainty — and attorneys hoping to be candidates in five to 10 years should start working on those skills now, says Dimitri Mastrocola at Major Lindsey.

  • Nielsen Appeal Tests Antitrust Limits Of Pricing And Bundling

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    In Cumulus v. Nielsen, the Second Circuit is considering a structural pattern in which a monopolist exploits upstream market power to foreclose downstream competition, which could potentially offer broad insight into how courts will assess exclusionary bundling and pricing defenses under antitrust law, says Luke Hasskamp at Bona Law.

  • Ch. 11 Ruling Raises Bar For Avoiding Default Interest

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    Following a New York bankruptcy court's recent decision in 33 Mako, solvent debtors may find it significantly harder to avoid paying contractual default interest to oversecured lenders under Section 506(b) of the Bankruptcy Code, say attorneys at Benesch.

  • Series

    Judges On AI: How Courts Can Survive The Tech Revolution

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    Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • Series

    Playing Basketball Makes Me A Better Lawyer

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    My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

  • How Del. Courts Will Likely Evaluate AI Oversight Claims

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    While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial intelligence risk, recent Court of Chancery decisions suggest that familiar Caremark principles will be applied in predictable but consequential ways, particularly when AI touches mission‑critical operations, say attorneys at WilmerHale.

  • Series

    The Biz Court Digest: Georgia Court Has Business On Its Mind

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    Thanks to recent legislation, the Georgia State-wide Business Court will soon offer business litigants greater access to the court than ever before, further enhancing the court's emphasis on efficiency, predictability and accessibility for sophisticated commercial disputes, says former GSBC judge Walt Davis at Jones Day.

  • 4 Emerging Approaches To AI Protective Order Language

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    Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.

  • GCs Can Read Debt Cycles To Spot Risk, Opportunity

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    With the conflict in Iran among many other factors that are further unsettling the geopolitical and economic environment, general counsel who understand credit risk and the debt cycle can offer a significant competitive advantage to help companies mitigate enterprise risk, says Samuel Keltner at Akin.

  • Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

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    While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

  • The Ethics And Practicalities Of Representing AI Agents

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    With autonomous artificial intelligence agents now able to take action without explicit instructions from — or the awareness of — their human owners, the bar must confront whether existing frameworks like informed consent and client privilege will be sufficient on the day an AI agent calls seeking counsel, say attorneys at Morrison Cohen.

  • Series

    Speed Jigsaw Puzzling Makes Me A Better Lawyer

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    My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.

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