First Brands creditor Raistone Capital urged a Texas bankruptcy judge to appoint an independent examiner in the car parts maker's Chapter 11 case, saying no one has been held accountable for up to $2.3 billion that "simply vanished."
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TOP NEWS

First Brands Creditor Wants Examiner After $2.3B 'Vanished'

By Clara Geoghegan

First Brands creditor Raistone Capital urged a Texas bankruptcy judge to appoint an independent examiner in the car parts maker's Chapter 11 case, saying no one has been held accountable for up to $2.3 billion that "simply vanished."

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Voyager Judge Won't Dismiss Contract Claims In Binance Suit

By Alex Wittenberg

A New York bankruptcy judge said Thursday he expected to deny a request by Binance.US to dismiss Voyager Digital's breach of contract claims stemming from a collapsed asset purchase agreement between the two cryptocurrency ventures.

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Teamsters Want Court To Reconsider Maverick Gaming Sale

By Emlyn Cameron

A Teamsters local asked a Texas bankruptcy judge to rethink his order permitting RunItOneTime LLC to sell assets to a company managed by one of its founders, saying the bankruptcy court lacked jurisdiction to decide that the two weren't essentially the same business.

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CHAPTER 11

Brief

Big Lots Gets OK For $6.5M Deal On Exec Claims

By Rick Archer

A Delaware bankruptcy judge on Thursday approved a $6.5 million settlement between retail chain Big Lots and its directors and officers, resolving claims by unsecured creditors that the company's board bungled an attempt to sell the company last year.

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RESTRUCTURING

Hemp Co. Asks Del. Court To Defer Ex-Exec's Suit To Australia

By Jarek Rutz

An Australian hemp manufacturer and its U.S. subsidiaries asked a Delaware federal judge Thursday to dismiss or pause a lawsuit filed by a former executive-turned-whistleblower, arguing the case should be deferred under international comity principles.

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EXPERT ANALYSIS

Series

Painting Makes Me A Better Lawyer

Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.

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LEGAL INDUSTRY

Sullivan & Cromwell Impersonators Hit With NY Fraud Claims

By Emily Sawicki

New York Attorney General Letitia James is attempting to take down a slew of businesses whose names are variants of Sullivan & Cromwell LLP, accusing them of attempting a scheme to fraudulently redirect checks meant for the global corporate law firm.

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Analysis

False-Statement Case Puts Comey In Rare Company

By Phillip Bantz

Former FBI director James Comey is the latest addition to the relatively short list of government officials who have been criminally charged over the past several decades with making false statements to Congress.

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NY Atty General Indicted Following Pressure From Trump

By Lauren Berg

New York Attorney General Letitia James was indicted in Virginia federal court Thursday on charges related to mortgage fraud, three weeks after President Donald Trump wrote a social media post encouraging U.S. Attorney General Pam Bondi to take action because James and two other political opponents were "guilty as hell."

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Tort Report: Nuked 'Nuclear Verdict' Stays, Texas Justices Say

By Y. Peter Kang

The fate of a "nuclear verdict" that was used to jump-start tort reform campaigns across the country and a settlement of a suit over a Kiss guitar technician's death lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

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Jenn Mascott Of WH Counsel's Office Confirmed To 3rd Circ.

By Courtney Bublé

The Senate voted 50-47 on Thursday to confirm Jenn Mascott, currently serving in the White House Counsel's Office, to the Delaware seat on the Third Circuit.

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7th Circ. Nominee Taibleson Advances To Full Senate

By Courtney Bublé

The Senate Judiciary Committee advanced on party lines the nomination of Rebecca Taibleson, a federal prosecutor in Wisconsin, to serve on the Seventh Circuit, as well as four district judicial nominees and five U.S. attorney nominees.

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Baldoni Atty Faces LA Malpractice Suit Over Client 'Betrayal'

By Emily Sawicki

Entertainment attorney Bryan Freedman has been accused in Los Angeles County Superior Court of turning his back on a former client, allegedly convincing him to sign an unfavorable settlement on trademark claims against "It Ends With Us" star Justin Baldoni, only to later begin representing the actor and director.

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Calif. Supreme Court Justice Martin Jenkins To Retire

By James Mills

California Supreme Court Justice Martin J. Jenkins, the first openly gay man and the third African American man to sit on the bench, will retire at the end of October, the court announced Thursday.

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Weinstein Says Jurors Traded Threats, Tainting Verdict

By Cara Salvatore

Harvey Weinstein's legal team said his June sexual assault convictions were tainted by juror misconduct, including physical threats and an unfounded bribery claim, arguing in a motion for a new trial that a judge refused to properly investigate.

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LAW FIRMS IN TODAY'S NEWS

Aidala Bertuna

Barnard Iglitzin

Cooley LLP

Fox Rothschild

Gouchev Law

Hunton Andrews

Klehr Harrison

Latham & Watkins

Liner Freedman

Lowell & Associates

McDermott Will & Schulte

Morris Nichols

Nelson Mullins

Orrick Herrington

Sullivan & Cromwell

Troutman

Weil Gotshal

COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

American Arbitration Association

American Family Association

American Tort Reform Association

Big Lots Inc.

Binance Holdings Ltd.

Binance.US

Cargill Inc.

Democracy Forward Foundation

Democratic National Committee

Ecofibre Ltd.

FTX US

Federalist Society

First Brands Group

Gordon Brothers Group LLC

International Brotherhood of Teamsters

JPMorgan Chase & Co.

Live Nation Entertainment Inc.

Major League Baseball Inc.

Marriott International Inc.

Maverick Gaming LLC

Pacific Bells LLC

Public Citizen Inc.

Raistone Capital LLC

Seattle Seahawks

The Catholic University of America

Vertiv Inc.

Werner Enterprises Inc.

WikiLeaks

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Supreme Court

Central Intelligence Agency

Federal Bureau of Investigation

Federal Housing Finance Agency

Georgia Court of Appeals

Manhattan District Attorney's Office

National Labor Relations Board

New York Attorney General's Office

New York County District Attorney's Office

New York State Department of State

New York Supreme Court, New York County

Texas Supreme Court

U.S. Attorney's Office for the Eastern District of North Carolina

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Bankruptcy Court for the District of Delaware

U.S. Bankruptcy Court for the Southern District of New York

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Delaware

U.S. District Court for the District of South Carolina

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Middle District of Tennessee

U.S. District Court for the Northern District of California

U.S. House of Representatives

U.S. Senate

U.S. Supreme Court

United Nations

United States District Court for the Southern District of Indiana