Teen Retailer Rue21 Hits Ch. 11 Again With Plans To Sell

By Alex Wittenberg

Retail fashion company rue21, which made a trip through bankruptcy most recently in 2017, filed for Chapter 11 protection in Delaware court Thursday, disclosing $194.4 million in debt and a plan to sell the business.

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Ex-FTX Boss Ryan Salame To Give Up $5.9M Bahamas House

By Yun Park

Ryan Salame, the former co-chief executive of FTX Digital Markets, an affiliate of bankrupt cryptocurrency exchange FTX Trading Ltd., has agreed to transfer a $5.9 million house he owns in the Bahamas to FTX in lieu of paying the firm restitution over fraudulent political donations, according to a Wednesday motion.

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Skin Care Drug Co. Gets OK For Ch. 11 Wind-Down Plan

By Rick Archer

A Delaware bankruptcy judge on Thursday said she would approve the unopposed and unanimously approved Chapter 11 wind-down plans of the company previously known as Timber Pharmaceuticals Inc.

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Ontario-Based Glass Co.'s Receiver Seeks Ch. 15 Recognition

By Emlyn Cameron

The Canadian court-appointed receiver for Ontario-based glass facade company Antamex Industries ULC asked the Delaware bankruptcy court for Chapter 15 recognition of the company's liquidation in the United States, saying that unless the Canadian proceedings and the receiver's stewardship is acknowledged, U.S. litigation could hurt creditors' return.

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Plastic-Film Maker Announces $200M Recapitalization

By Rick Archer

Plastic-film maker Transcendia Holdings announced Thursday that it had reached a recapitalization deal that will cut $200 million in debt, provide $114 million in new capital, and hand majority ownership of the company to private equity firm Industrial Opportunity Partners.

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Bankruptcy Ruling Shifts Lease Rejection Claim Calculation

A New York federal court’s recent ruling in In re: Cortlandt provides guidance on how to calculate a landlord's damages claim when a bankruptcy debtor rejects a lease, changing from an approach that considers the remaining rent due under the lease to one that considers the remaining time, say Bethany Simmons and Noah Weingarten at Loeb & Loeb.

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Don't Use The Same Template For Every Client Alert

As the old marketing adage goes, consistency is key, but law firm style guides need consistency that contemplates variety when it comes to client alert formats, allowing attorneys to tailor alerts to best fit the audience and subject matter, says Jessica Kaplan at Legally Penned.

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Legal Industry Gains Jobs In April Following Downward Trend

By Tracey Read

The U.S. legal sector eased back into a positive trajectory in April, with a gain of 3,200 jobs compared with the previous month, according to preliminary data released Friday by the U.S. Bureau of Labor Statistics.

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Titan Of The Plaintiffs Bar: Boies Schiller's Sigrid McCawley

By Hannah Albarazi

Sigrid McCawley was barely back from parental leave with her fourth child in February 2015 when she flew to New York City to take on a case that would turn her life upside down, and change the world.

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Q&A

NJ Judge Kugler Reflects On 32 Years Spent As Federal Jurist

By George Woolston

With the fates of his colleagues who didn't get the chance to enjoy retirement weighing on his mind, Senior U.S. District Judge Robert Kugler decided this year it was time to call it a career on the bench in Camden, New Jersey, after three decades of service.

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Graham Blasts Mass. Judge Nom For 'Radical' Policing Letter

By Courtney Bublé

Sen. Lindsey Graham, R-S.C., the top Republican on the Senate Judiciary Committee, blasted a Massachusetts judicial nominee on Friday for failing to disclose prior to his nomination hearing that his name appears on the letterhead of a 2020 public statement issued in the wake of protests following the murder of George Floyd by police.

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Judge In Trump's Georgia Case Raises $320K For Election Bid

By Chart Riggall

In his bid for election to his first full term on the bench, the judge overseeing former President Donald Trump's Georgia election interference case is enjoying support from a broad swath of the Atlanta legal community, raising over $127,000 in the last three months.

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Robbins Geller Attys To Take Stand In $8M Sanctions Dispute

By Bryan Koenig

A petroleum refiner will put current and former Robbins Geller Rudman & Dowd LLP attorneys on the stand May 7 in an extraordinary evidentiary hearing testing what the plaintiffs' lawyers knew about an analyst's now-discredited findings as they pursued since-nixed price-fixing claims.

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California Judge Ousted For 'Willful,' 'Prejudicial' Misconduct

By Jake Maher

A California state judge has been removed from the bench after an investigation found that he conducted a campaign of retaliation against court employees he suspected of being "moles" in a probe against him and lied about his actions to investigators afterward.

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Law360's Legal Lions Of The Week

By Kevin Penton

Clement & Murphy PLLC and Yetter Coleman LLP lead this week's edition of Law360 Legal Lions, after the Fifth Circuit reversed a Texas federal court's $1.6 billion ruling against IBM in an operating agreement dispute with Houston-based software company BMC.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

A former general counsel testified Thursday in the criminal fraud trial of former Autonomy CEO Michael Lynch that the company's chief operating officer didn't want a whistleblower's claims to get into court, and a South Carolina man and his companies must pay the SEC nearly $24.9 million to settle claims that he misappropriated investors' money to make Ponzi payments. These are among the stories in corporate legal news you may have missed in the past week.

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

By Laura Stewart Liberty

The past week in London has seen rapper Ivorian Doll hit with a copyright claim, private members club Aspinalls file a claim against a Saudi sheikh, and Motorola Solutions file a claim against the British government on the heels of its dispute over losing a £400 million ($502 million) government contract. Here, Law360 looks at these and other new claims in the U.K.

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