Expert Analysis

Questions To Ask Your Client When Fraud Taints Financing

As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the... (more story)

Attys Beware: Generative AI Can Also Hallucinate Metadata

In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also halluci... (more story)

When Atty Ethics Violations Give Rise To Causes Of Action

Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically cre... (more story)

Large Cap More

First Brands Strikes Deal With Creditors On Ch. 11 Financing

Auto parts company First Brands told a Texas bankruptcy judge on Thursday it had reached a deal to resolve unsecured creditor objections to its $5.2 billion Chapter 11 financing package by reducing the rollup ... (more story)

Tom Girardi's Brother, Bankruptcy Trustee Settle Legal Fees

The brother of disgraced attorney Tom Girardi and the trustee for their now-defunct law firm, Girardi Keese, have reached an agreement resolving John Girardi's claim seeking legal fees for cases he worked on a... (more story)

Atty Exits Bankruptcy Case Amid Judge Romance Fallout

The embattled wind-down trustee for defunct life insurance bond seller GWG Holdings in a Houston Chapter 11 case has resigned from the role amid the fallout from her secret romance with a then-bankruptcy judge... (more story)

White & Case Leads Restructured Mexican Airline's $223M IPO

Mexican airline Aeroméxico began trading publicly on Thursday after raising $223 million in its initial public offering, also announcing that it had raised an additional $25 million in a private placement.

Cole Schotz Adds Litigator From Delaware Boutique

Cole Schotz PC has added a litigator in Delaware from Wilmington-based Seitz Van Ogtrop & Green PA to expand its capacity to advise clients in commercial, bankruptcy, intellectual property and construction matters.

Maron Marvel Adds New Houston Managing Partner

Maron Marvel Bradley Anderson & Tardy LLC has added a new partner to serve as the firm's managing attorney in Houston, who previously spent more than four years as shareholder-in-charge of the Houston office o... (more story)

10th Circ. Revives Yellow's $137M Suit Against Teamsters

The Teamsters once again must face Yellow Corp.'s allegations that the union drove the trucking company into bankruptcy by holding up a corporate restructuring, with a Tenth Circuit panel reviving Yellow's $13... (more story)

First Brands, Creditors Exchange Blows Over DIP Bid

The unsecured creditors committee for bankrupt auto parts company First Brands objected to the debtor's bid for final postpetition financing approval, saying the proposed arrangement almost solely benefits the... (more story)

Steward Health Says Mass. Appeal Moot In Ch. 11 Deal Fight

Steward Health Care's Chapter 11 plan administrators have urged a Texas federal court to throw out an appeal of a settlement in its bankruptcy case brought by Massachusetts, saying the state's challenge to the deal is moot.

Fired E-Biz Execs Sue Jackson Walker Over Judge's Romance

A pair of former executives at e-commerce company Volusion LLC have hit Jackson Walker LLP with the latest in a series of suits accusing the firm of legal malpractice stemming from the undisclosed romance betw... (more story)

Mid Cap More

Core Scientific Reaches $14.75M Deal With SPAC Investors

Bankrupt cryptocurrency miner Core Scientific has reached a $14.75 million agreement to settle proposed class action claims brought by an investor in the special purpose acquisition company that made a $4.3 bi... (more story)

Luxury Developer Five Star Told To Review Competing DIP

At a first-day hearing Thursday, a Texas bankruptcy judge asked debtor Five Star Development LLC to consider an alternative Chapter 11 financing package from a prepetition lender it has accused of fraud and re... (more story)

'Matrix' Producer's $18.5M Ch. 11 Sale OK'd Over WB Protest

Village Roadshow, which produced titles like "The Matrix" and "Joker," can sell its derivative film rights for $18.5 million, a Delaware bankruptcy judge decided, overruling an objection from the debtor's form... (more story)

Aerospace Co. Urges Justices To Hear 'Toxic Lender' Case

Aerospace company Xeriant Inc. is petitioning the U.S. Supreme Court to hear a lawsuit over a stock-as-collateral loan it entered into with Auctus Fund LLC, arguing the Second Circuit's dismissal of the case c... (more story)

Creditors Say No More Time For Nursing Home's Ch. 11 Plan

Guardian Elder Care's unsecured creditors committee urged a Pennsylvania bankruptcy judge to deny the nursing home operator's latest request to extend its exclusive window to propose a Chapter 11 plan, arguing... (more story)

Home Remodel Group Renovo Files Ch. 7 With $100M+ Debt

Renovo Home Partners, a company that rolled up home improvement businesses while backed by private equity, has filed for Chapter 7 in Delaware bankruptcy court, declaring up to $500 million in debt across almo... (more story)

Luxury Developer Five Star Hits Ch. 11 In Texas

Five Star Development LLC, a company building a Ritz-Carlton property in Arizona, has filed for Chapter 11 relief in Texas bankruptcy court to gain protection from lender collection actions.

Amlin Dodges $47M Award Over 'Pay First' Clause In Ship Row

The owner of a vessel that ran aground cannot overturn a judgment finding that MS Amlin Marine NV doesn't have to pay out to a company it insured because the insolvent business failed to pay a $47 million arbi... (more story)

Ignore Circuits, Follow Scalia, Justices Told In Deadlines Duel

How can a U.S. Supreme Court advocate persuade the justices to spurn the near-universal views of circuit courts? One option appeared Tuesday at arguments over deadlines to vacate judgments, as a Williams & Con... (more story)

Bankruptcy Judge Taken Off GWG Case Amid Scandal Fallout

The federal judge overseeing GWG Holdings' bankruptcy case has been removed because of his professional relationship with embattled former U.S. Bankruptcy Judge David R. Jones, a decision the chief bankruptcy ... (more story)