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Bankruptcy
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									September 18, 2025
									Firms Look To Drop Shareholder Client Sapien In Linqto Ch. 11Lawyers for Sapien Group, a shareholder that has taken an active role in investment platform Linqto's Chapter 11 in Texas, have asked to withdraw from the case — saying their client has not paid outstanding legal bills. 
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									September 18, 2025
									Natixis Seeks Privacy Monitor For Madoff Document HandoverFrench investment manager Natixis wants a court-ordered international privacy monitor to oversee its transfer of discovery materials to the trustee administering the bankruptcy estate of Bernard Madoff in the trustee's $214 million clawback lawsuit against it. 
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									September 18, 2025
									Medical Staffing Co. Trustee Says Ex-Execs Drained FundsThe liquidation trustee for bankrupt medical staffing company American Physician Partners has told a Delaware bankruptcy judge that former top executives drained the company with millions in unauthorized bonus payments and "made-up" consultation fees. 
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									September 18, 2025
									Bonds Valid Under Venezuelan Law, Judge Rules In $2B CaseA New York federal judge on Thursday denied a bid by Venezuela's state-owned oil company to refuse enforcement of some $2 billion in defaulted bonds, finding after an "exhaustive review of Venezuelan law" that the bonds were validly issued. 
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									September 17, 2025
									Winston & Strawn Blamed For 'Anti-Woke' Fintech $1.7B CrashThe trustee of bankrupt "anti-woke" financial technology startup GloriFi on Wednesday launched malpractice litigation against Winston & Strawn LLP in Texas bankruptcy court, accusing the firm and one of its managing partners of putting the interests of the company's founder first and costing the business $1.7 billion in valuation. 
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									September 17, 2025
									Frontier Copyright Row Triggered Duty To Defend, Court SaysInsurers for Frontier Communications had a duty to defend the telecommunications company against copyright infringement claims that were ultimately settled, a Delaware state court ruled in a recently unsealed opinion, analyzing a deliberate acts exclusion and the timeliness of Frontier's claim notice. 
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									September 17, 2025
									2nd Circ. Won't Block Eletson Doc Transfer In Shipping RowThe Second Circuit on Wednesday declined Reed Smith LLP's emergency request to block the turnover of client files created amid its representation of Greece-based shipping company Eletson Holdings prior to an October 2024 reorganization, but agreed to refer the stay motion to a three-judge panel for consideration. 
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									September 17, 2025
									4th Circ. Told Panel's Ruling In Bestwall Ch. 11 DangerousA group of asbestos claimants has asked the full Fourth Circuit to reconsider a panel's ruling that Georgia-Pacific asbestos unit Bestwall could stay in Chapter 11 despite its parent being solvent, saying the opinion defies U.S. Supreme Court precedent and will enable debtors to abuse the system. 
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									September 17, 2025
									Calif. Cheesemaker Files Ch. 11 After Listeria ShutdownA California cheesemaker has filed for Chapter 11 protection in California bankruptcy court after listeria contamination closed down its operations for more than 16 months and left the company facing more than $74 million in legal liability. 
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									September 17, 2025
									Purdue Can Pay CEO Ch. 11 Bonus After Trimming CompA New York bankruptcy judge Wednesday approved a nearly $3 million incentive program for Purdue Pharma's chief executive after he agreed to reduce his total compensation by $500,000. 
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									September 17, 2025
									Yale Health System Settles $435M Hospital Sale SuitYale New Haven Health Services Corp., Connecticut's largest hospital system, has reached a settlement in principle with bankrupt Prospect Medical Holdings Inc. that would resolve a $435 million contract dispute over the sale of several hospitals in the state. 
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									September 16, 2025
									Exactech Enters $8M Deal To Resolve Implant Failure ClaimsOrthopedic implant-maker Exactech Inc. agreed to pay $8 million to resolve allegations it marketed and sold faulty components of its knee-replacement systems that were to be used on patients on Medicare, Medicaid and U.S. Department of Veterans Affairs assistance, federal prosecutors in Maryland and Alabama announced Tuesday. 
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									September 16, 2025
									3rd Circ. Says Yellow Has Ch. 11 Pension LiabilitiesThe Third Circuit has rejected Yellow Corp.'s appeal of a bankruptcy court decision on pension liability in its Chapter 11 case, saying Tuesday that the trucking company's pension funds are correct in their calculation of how much it owes as it pulls out of its retirement plans. 
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									September 16, 2025
									FDIC Gets More Discovery In SVB Fraud Coverage RowA Chubb unit must comply with a previous order forcing it to give documents relating to the drafting history of certain policy provisions to Silicon Valley Bank former parent SVB Financial Group in a $73 million private equity fraud coverage dispute, a North Carolina federal court ruled. 
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									September 16, 2025
									Judge Orders Bench Trial On Key Issue In Sirius Patent CaseA Delaware federal judge has ordered a bench trial on the issue of whether Sirius XM relied on a German research foundation's five-year delay in bringing patent claims related to satellite radio technology in making business decisions around that tech. 
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									September 16, 2025
									Boy Scouts Claimants Voice Frustrations With Ch. 11 ProcessA Delaware bankruptcy judge said Tuesday she was unable to review or override claim determinations made under procedures laid out in the Boy Scouts' Chapter 11 plan, despite impassioned and frustrated requests from survivors of childhood sexual abuse. 
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									September 16, 2025
									Former Judge Aims To Escape Suit Over Secret Atty RomanceFormer Bankruptcy Judge David R. Jones wants out of a lawsuit claiming his secret romance scandal infected the restructuring of life insurance bond seller GWG Holdings Inc., arguing that he's clearly protected by judicial immunity. 
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									September 16, 2025
									Guo Ch. 11 Trustee Reveals $70K Deal With NY Law FirmThe Chapter 11 trustee overseeing Chinese exile Miles Guo's Connecticut bankruptcy estate settled a $115,600 clawback action against a New York immigration firm for $70,000, new court records show. 
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									September 16, 2025
									9th Circ. Tosses Appeal Of Automatic Stay In Bankruptcy CaseThe Ninth Circuit threw out an appeal of an Arizona bankruptcy court order that reinstated a stay of state court litigation between a mother and daughter, finding that a lower court erred in hearing the case. 
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									September 15, 2025
									Ch. 11 Plan Faces Blowback From 23andMe Breach ClaimantsMore than 30,000 individuals who elected to pursue arbitration rather than sign on to a proposed class settlement over a data breach at 23andMe are urging a Missouri bankruptcy judge to reject the DNA testing company's notice of its reorganization plan, arguing that the disclosure provides misleading and inflated information about the company's agreement with these claimants. 
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									September 15, 2025
									NBA's Trail Blazers Sold To Owner Of NHL's HurricanesThe estate of Paul Allen has reached an agreement to sell the NBA Portland Trail Blazers to a group led by Tom Dundon, the chair of Dundon Capital Partners, who has had notable success in sports ownership in the National Hockey League and in professional pickleball but also is in the midst of a legal fight over the collapse of a spring football league. 
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									September 15, 2025
									Sears Investors Ink $9M Deal In Fiduciary Breach CaseA hedge fund manager and his firm will pay more than $9 million to end a long-running lawsuit alleging that they shortchanged investors when they took Sears Hometown and Outlet Stores Inc. private in 2019, according to a deal filed in the Delaware Court of Chancery. 
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									September 15, 2025
									Dr. Phil Media Co.'s Committee Backs Chapter 11 SettlementMerit Street Media's official committee of unsecured creditors has thrown its support behind a proposed $17 million Chapter 11 settlement funded by Dr. Phil McGraw's production company Peteski Productions, saying a bankruptcy plan would result in the best outcome for creditors. 
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									September 15, 2025
									Jackson Walker Wants Breakup From Judge Romance SuitJackson Walker LLP says bondholders' proposed class action accusing the firm of covering up a romance between a one-time partner and bankruptcy judge is an attempt at invalidating an already confirmed Chapter 11 plan and should be tossed. 
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									September 15, 2025
									Exactech Gets OK For Ch. 11 Plan Ditching Sponsor DealA Delaware bankruptcy judge on Monday approved Exactech's Chapter 11 sale and liquidation plan that drops a previous deal with the joint implant maker's equity sponsor in favor of funding the pursuit of potential legal claims against the sponsor on behalf of creditors. 
Expert Analysis
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								Series Law School's Missed Lessons: Mastering Discovery  The discovery process and the rules that govern it are often absent from law school curricula, but developing a solid grasp of the particulars can give any new attorney a leg up in their practice, says Jordan Davies at Knowles Gallant. 
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								Series Playing Guitar Makes Me A Better Lawyer  Being a lawyer not only requires logic and hard work, but also belief, emotion, situational awareness and lots of natural energy — playing guitar enhances all of these qualities, increasing my capacity to do my best work, says Kosta Stojilkovic at Wilkinson Stekloff. 
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								Crisis Management Lessons From The Parenting Playbook  The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird. 
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								Immunity Waiver Ruling A Setback For Ch. 7 Trustees  While governmental units should welcome the U.S. Supreme Court's recent decision in U.S. v. Miller restricting the reach of the Bankruptcy Code's sovereign immunity waiver, Chapter 7 trustees now have a limited ability to maximize bankruptcy estates, says Dan Prieto at Jones Day. 
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								Series Adapting To Private Practice: From NY Fed To BigLaw  While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington. 
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								Top 3 Litigation Finance Deal-Killers, And How To Avoid Them  Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth. 
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								How Attys Can Use A Therapy Model To Help Triggered Clients  Attorneys can lean on key principles from a psychotherapeutic paradigm known as the "Internal Family Systems" model to help manage triggered clients and get settlement negotiations back on track, says Jennifer Gibbs at Zelle. 
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								3 Steps For In-House Counsel To Assess Litigation Claims  Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hidden litigation claims that could unlock large recoveries to help the business withstand tough times, says Will Burgess at Hilgers Graben. 
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								Negotiating Triparty Hotel Agreements To Withstand Risk  Brewing economic uncertainty in the hospitality industry underscores the importance of subordination, nondisturbance and attornment agreements, and hotel managers should tightly negotiate these agreements to ensure remedies will not disturb key rights, say attorneys at Sidley. 
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								J&J's Failed 3rd Try Casts Doubt On Use Of 'Texas Two-Step'  A Texas bankruptcy court recently rejected Johnson & Johnson's third attempt to use Chapter 11 to resolve liabilities from allegations of injuries from using talcum powder, suggesting that the U.S. Supreme Court's limitations on nondebtor releases, from 2024's Purdue Pharma ruling, may prove difficult to evade, say attorneys at Cadwalader. 
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								Series Teaching College Students Makes Me A Better Lawyer  Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins. 
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								Series Adapting To Private Practice: From DOJ Enviro To Mid-Law  Practitioners leaving a longtime government role for private practice — as when I departed the U.S. Department of Justice’s environmental enforcement division — should prioritize finding a firm that shares their principles, values their experience and will invest in their transition, says John Cruden at Beveridge & Diamond. 
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								Addressing D&O Allocation Questions Amid Shifting Economy  As increasing global insolvency this year may lead to an increase in directors and officers insurance claims, businesses should review their policies' allocation provisions to avoid negotiating how coverage will apply to covered and uncovered claims during a suit, say attorneys at Reed Smith. 
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								Legal Ethics Considerations For Law Firm Pro Bono Deals  If a law firm enters into a pro bono deal with the Trump administration in exchange for avoiding or removing an executive order, it has an ethical obligation to create a written settlement agreement with specific terms, which would mitigate some potential conflict of interest problems, says Andrew Altschul at Buchanan Angeli. 
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								Cannabis Deregulation Raises Bankruptcy Access Questions  Attorneys at Thompson Coburn explore why cannabis companies have been historically prohibited from filing for bankruptcy, certain exceptions to the general rule, and the potential effects of federal deregulation on such companies' bankruptcy eligibility.