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Bankruptcy
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December 08, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court delivered a busy first week of December, featuring commercial disputes, post-closing merger and acquisition battles and renewed scrutiny of fiduciary conduct ranging from oil and gas investments to healthcare acquisitions.
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December 08, 2025
New Orleans Archdiocese Gets OK For $230M Ch. 11 Plan
A Louisiana bankruptcy judge on Monday approved the Roman Catholic Archdiocese of New Orleans' Chapter 11 plan, allowing it to go forward with a $230 million settlement with sexual abuse claimants.
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December 08, 2025
Justices Won't Review Bankruptcy Court's Scope In Tax Case
The U.S. Supreme Court announced Monday that it will not take up an Indiana couple's bid for a bankruptcy court to review the legality of a tax debt, maintaining an appellate split on the power of bankruptcy courts to address tax claims.
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December 05, 2025
Real Estate Recap: Energy-Dependent Deals
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how energy scarcity is affecting data center deals.
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December 05, 2025
NJ Judge Signs Off On $13M BlockFi Settlement
A New Jersey federal judge Friday gave final approval to a $13.2 million settlement with investors seeking damages for their business with the failed cryptocurrency lender BlockFi Inc., awarding $10,000 to each lead plaintiff.
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December 05, 2025
Linqto Gets OK To Take Votes On Ch. 11 Plan With Stock Deal
A Texas bankruptcy judge Friday allowed investment platform Linqto to solicit votes from creditors on its Chapter 11 plan, saying potential issues with the debtor's third-party releases and challenges to the deal by investors could be considered during a confirmation hearing.
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December 05, 2025
US Magnesium Creditors Again Ask Judge To Nix Ch. 11 Loan
US Magnesium's unsecured creditors committee has once again urged a Delaware bankruptcy judge not to give final approval to the former magnesium producer's $10 million Chapter 11 loan, saying it only benefits US Magnesium's secured lenders and parent company.
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December 05, 2025
Rent-To-Own Retailer Buddy Mac Hits Ch. 11 In Texas
Rent-to-own furniture and appliance retailer Buddy Mac Holdings and several affiliates have filed for Chapter 11 protection in Texas bankruptcy court with up to $50 million in debt.
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December 05, 2025
Long Island Real Estate Co. Files For Ch. 11 With $35M Debt
Long Island-based real estate holding company Giapreet LLC filed for Chapter 11 in a New York bankruptcy court with just over $35 million in liabilities.
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December 04, 2025
2nd Circ. Restores Ex-Union Boss' Bribery Sentence
The Second Circuit on Thursday ordered a Manhattan federal court to reinstate a nearly five-year prison sentence for a former boss in New York City's largest correction officers union, saying disparities between his bribery sentence and those given to his co-defendants didn't warrant his early release.
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December 04, 2025
Judge OKs Plan Disclosures For AmeriFirst In Ch. 11
A Delaware bankruptcy judge agreed Thursday to grant conditional approval for bankruptcy mortgage servicer AmeriFirst's disclosure statement outlining its Chapter 11 plan, finding the objections raised by the U.S. Trustee's Office are best reserved for the plan confirmation hearing.
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December 04, 2025
Judge Wants Weekend To Consider NOLA Diocese Ch. 11 Plan
The Louisiana bankruptcy judge overseeing the bankruptcy of the Roman Catholic Archdiocese of New Orleans said Thursday she will take the weekend to consider insurer objections to the archdiocese's Chapter 11 plan and go over statements from sexual abuse claimants.
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December 04, 2025
Squire Patton Hires Foley & Lardner's Bankruptcy Vice Chair
Squire Patton Boggs LLP announced Wednesday that it has hired the former vice chair of Foley & Lardner LLP's bankruptcy and restructuring practice.
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December 04, 2025
NY Law Firm Files Ch. 11 After Hostile Takeover Allegations
A New York law firm filed for Chapter 11 bankruptcy relief a week after its creditors filed involuntary Chapter 7 liquidation petitions and more than a month after the firm's founder accused the creditors of a hostile takeover of his firm.
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December 04, 2025
Google Fights Unlockd's Judge Recusal Bid In Antitrust Case
Google is opposing a move by Unlockd Media seeking the recusal of U.S. District Judge Haywood S. Gilliam Jr. in an antitrust lawsuit in California federal court, arguing that the judge's close relationship with Google's vice president for litigation and discovery doesn't require him to step away from the case.
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December 04, 2025
Cayman Parent Of Canterbury Securities Files Ch. 15 Case
The Cayman Islands parent company of Chapter 15 debtor Canterbury Securities filed for its own insolvency case late Wednesday in New York, with the same joint liquidators seeking recognition of a foreign proceeding in the new case.
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December 03, 2025
Fee Dispute Stalls Rhodium Ch. 11 Plan
Bitcoin miner Rhodium Encore's confirmation hearing will extend to a second day after a dispute over counsel fees for Lehotsky Keller Cohn LLP's work as special litigation counsel remained unresolved.
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December 03, 2025
Firms Seek End To Ch. 7 Creditor's Malpractice Suit
Two law firms have urged a Connecticut state court to dismiss a lawsuit brought by a creditor in a Chapter 7 case that accused them of failing to ably represent its interests in the underlying bankruptcy and a related dispute, saying the former client's claims were too vague.
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December 03, 2025
Judge To OK $16.5M 23andMe Insurer Buyback Deal In Ch. 11
A Missouri bankruptcy judge Wednesday agreed to approve a $16.5 million settlement between genetic testing company 23andMe and its insurers, in which the carriers proposed to buy back the unused portion of their cyber coverage.
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December 03, 2025
Party City Franchisees Want To Revamp Monopolization Case
Party City franchisees want to file an amended complaint in their case accusing the corporate retail chain of monopolizing the market before the court rules on a dismissal bid, the franchisees told a New Jersey federal court.
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December 03, 2025
Judge Eases $4.1B Liability For Insurer In Conn. Rehab Plan
A Connecticut judge has approved a modified moratorium that protects PHL Variable Insurance Co. and two subsidiaries during a state rehabilitation, agreeing to a plan that could reduce universal life death benefits by $4.1 billion while allowing policyholders the option to avoid paying $175 million in estimated total premiums.
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December 03, 2025
Crypto Firm JKL Gets Chapter 15 Nod For BVI Liquidation
A New York bankruptcy judge on Wednesday agreed to give U.S. recognition of JKL Holdings' British Virgin Islands liquidation as liquidators probe the former cryptocurrency investment firm's U.S. assets.
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December 02, 2025
King & Spalding Atty Dies In Mountain Climbing Accident
People at King & Spalding LLP are mourning after an appellate attorney from the firm and a mountain guide fell to their deaths climbing New Zealand's tallest mountain.
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December 02, 2025
FDIC Secures Dismissal Of SVB Cayman Deposit Suit
A California federal judge has permanently tossed a suit against the Federal Deposit Insurance Corp. brought by liquidators of the Cayman Islands branch of collapsed Silicon Valley Bank, finding they lack standing to sue the agency and are barred from relitigating issues already decided in bankruptcy court.
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December 02, 2025
Gol Linhas Ch. 11 Plan Releases Overturned On Appeal
A New York federal judge has reversed the confirmation of Brazilian airline Gol Linhas Aereas Inteligentes' Chapter 11 plan, ruling that the bankruptcy court improperly found creditor silence on the proposal's third-party claims releases could be assumed as consent.
Expert Analysis
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A Simple Way Courts Can Help Attys Avoid AI Hallucinations
As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.
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Asbestos Trusts And Tort Litigation Are Still Not Aligned
A recent ruling by a New York state court in James Petro v. Aerco International highlights the inefficiencies that still exist in asbestos litigation — especially regarding the continued lack of coordination between the asbestos tort system and the well-funded asbestos trust compensation system, says Peter Kelso at Roux.
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Series
Creating Botanical Art Makes Me A Better Lawyer
Pressing and framing plants that I grow has shown me that pursuing an endeavor that brings you joy can lead to surprising benefits for a legal career, including mental clarity, perspective and even a bit of humility, says Douglas Selph at Morris Manning.
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Opinion
The Legal Education Status Quo Is No Longer Tenable
As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Opinion
Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Series
Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Series
Law School's Missed Lessons: Learning From Failure
While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.
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23andMe Fine Signals ICO's New GDPR Enforcement Focus
Many of the cybersecurity failures identified by the Information Commissioner’s Office in its investigation of 23andMe, recently resulting in a £2.3 million fine, were basic lapses, but the ICO's focus on several new U.K. General Data Protection Regulation considerations will likely carry into the future, say lawyers at Womble Bond.
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Series
Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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4 In-Flux Employment Law Issues Banks Should Note
Attorneys at Ogletree provide a midyear update on employment law changes that could significantly affect banks and other financial service institutions — including federal diversity equity and inclusion updates, and new and developing state and local artificial intelligence laws.
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Series
Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.
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Series
Ohio Banking Brief: All The Notable Legal Updates In Q2
Ohio's financial services sector saw several significant developments in the second quarter of 2025, including a case that confirmed credit unions' setoff rights, another that established contract rights between banks and cardholders, and the House passage of a digital asset bill, say attorneys at Frost Brown.
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A Deep Dive Into 14 Nixed Gensler-Era SEC Rule Proposals
The U.S. Securities and Exchange Commission last month formally withdrew 14 notices of proposed rulemaking, including several significant and widely criticized proposals that had been issued under former Chair Gary Gensler's leadership, signaling a clear and definitive shift away from the previous administration, say attorneys at Dechert.
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Series
Law School's Missed Lessons: Skillful Persuasion
In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.