Large Cap
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March 02, 2026
5th Circ. Presses McDermott Shareholders On Direct Claim
A Fifth Circuit panel wanted to know why investors should get another shot at a direct class action alleging that McDermott International Inc. made misrepresentations about a $6 billion merger, asking Monday if the case before the court was "analogous" to a case alleging the company overpaid for the merger.
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March 02, 2026
Ch. 11 Judge Orders FAT Brands CEO To Be Deposed
The chief executive officer of bankrupt restaurant chain owner FAT Brands Inc. must sit for a deposition as noteholders prepare to pursue their bid to give control of the case to a Chapter 11 trustee.
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March 02, 2026
Saks, Simon Properties Argue Fate Of Store Leases
Retail landlord Simon Properties and luxury retailer Saks Global on Monday wrangled over the wording of a 2024 investment agreement as they asked a Texas bankruptcy judge to determine the fate of the leases of two Saks locations.
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March 02, 2026
Cadwalader Continues Restructuring Growth With UK, US Duo
Cadwalader Wickersham & Taft LLP announced on Monday that it is continuing to invest in its restructuring bench with two lawyers in New York and London.
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March 02, 2026
J&J Unit Wins Bid To Revive Talc Libel Suit With New Basis
A New Jersey federal judge has revived a bankrupt Johnson & Johnson talc subsidiary's trade libel claim over a 2020 scientific article linking asbestos in talc to mesothelioma, finding that new evidence and allegations concerning the authenticity of the author's data are enough to survive a motion to dismiss.
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March 02, 2026
NJ's Newest Bankruptcy Judge Is An Ex-Assistant US Attorney
A former assistant U.S. attorney is New Jersey's newest bankruptcy judge, bringing with him experience representing federal agencies in bankruptcy and creditors in large cases like General Motors' 2009 reorganization.
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March 02, 2026
Eddie Bauer LLC Settles For $3.1M With Warehouser GXO
Bankrupt clothing retailer Eddie Bauer LLC has agreed to resolve a more than $8.84 million claim from GXO Logistics Supply Chain Inc. for $3.1 million.
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March 02, 2026
PosiGen Can Wind Down, Tilson's Ch. 11 Dismissed
Solar panel co. PosiGen was given the green light to wind down, fiber network Tilson's Chapter 11 case was dismissed, and Mallinckrodt's bankruptcy prevented antitrust payouts.
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March 02, 2026
Serta Simmons Lenders Kick Off Trial On 'Uptier' Deal Claims
Lenders to Serta Simmons Bedding presented opening arguments on Monday in a trial in Texas bankruptcy court over whether investors excluded from the mattress maker's 2020 "uptier" debt exchange should be awarded damages, a dispute that could have sweeping effects on debt finance markets.
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February 27, 2026
'Lack Of Adversity' Stops Court From Ending Biden SAVE Plan
A Missouri federal judge dismissed a coalition of Republican-led states' lawsuit challenging a Biden-era student debt relief plan, saying Friday he can't end the plan like the Trump administration wanted given the "apparent lack of adversity" in the suit between the states and the administration.
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February 27, 2026
Optimum Says Apollo, BlackRock Bullied Kirkland Withdrawal
Optimum Communications is escalating its fight accusing Apollo, Ares, BlackRock and other financial giants of an illegal joint campaign constricting its ability to refinance debt, amending its New York federal court complaint to also accuse the companies of "bullying" Kirkland & Ellis LLP into withdrawing as its transaction counsel.
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February 27, 2026
Inmarsat Gets Stay Of Bankruptcy Court Order In Ligado Case
A Delaware federal judge on Friday granted Inmarsat Global Ltd.'s emergency request to stay a bankruptcy court order requiring the Viasat unit to support a spectrum-rights application filed by telecommunications group Ligado Networks and AST SpaceMobile Inc., saying he would hear an expedited appeal of the case.
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February 27, 2026
Kluger Kaplan Exiting $500M Miss America Ownership Battle
Kluger Kaplan attorneys said Friday they can no longer represent a businessman in a $500 million dispute over the ownership of the Miss America pageant, after a Florida federal court's questions to the lawyers about documents the court has found to be fraudulent put them in conflict with their client.
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February 27, 2026
San Francisco Archdiocese Seeks OK For $10M Abuse Deal
The Roman Catholic Archdiocese of San Francisco is asking a California bankruptcy judge to approve a more than $10 million settlement of two sexual abuse claims the judge allowed to go forward in state court last year.
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February 27, 2026
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy courts are set to tackle in the coming weeks issues ranging from an exchange of discovery requests flung between Fat Brands and a noteholder group, US Magnesium's request to sell a turbine package and Meyer Burger's Chapter 11 plan and disclosure.
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February 27, 2026
Alex Jones' Sandy Hook Atty Eyes Exit After Appeals End
An attorney who represented conspiracy theorist Alex Jones has asked a Connecticut state court judge's permission to withdraw now that litigation has mostly ended in a $1.44 billion defamation challenge to Infowars broadcasts about the Sandy Hook Elementary School massacre.
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February 27, 2026
First Brands Eyes Biz Unit Going Concern Sales In Ch. 11
Troubled auto parts manufacturer First Brands plans to sell four of its business units as going concerns, attorneys told a Texas bankruptcy judge on Friday, explaining that information about alleged fraud had scuttled hopes of reorganizing the business in Chapter 11.
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February 27, 2026
Tricolor Noteholders Say Big Banks Ignored Auto Loan Fraud
Securitized auto loan investors are suing JPMorgan, Barclays and Fifth Third in New York federal court, alleging the banks ignored glaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings that collapsed in bankruptcy last year.
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February 26, 2026
Genesis JV Partner Can Take Ch. 11 Stay Challenge To 5th Cir.
A company that formed a real estate joint venture with bankrupt nursing home operator Genesis Healthcare can directly appeal a Texas bankruptcy judge's ruling on the scope of Chapter 11's automatic stay, the Fifth Circuit ordered.
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February 26, 2026
Insurance Pros Size Up Top D&O Risks At NYC Conference
Law360 Insurance Authority has the top takeaways and coverage considerations from the annual conference hosted by Anderson Kill PC.
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February 26, 2026
TV Azteca Seeks Reorganization In Mexico
Mexican television channel TV Azteca on Thursday announced it had begun insolvency proceedings in Mexico, saying it is facing economic headwinds as well as mounting liabilities and needs to reorganize.
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February 26, 2026
Under The Radar: Bankruptcy News You May Have Missed
The Chapter 11 trustee in Ho Wan Kwok's bankruptcy case asked a judge to find Kwok's daughter in contempt, the U.S. trustee balked at a $2 million bid protection in a flight simulator company's bankruptcy, and a Texas bankruptcy judge stepped back from reconsidering a settlement in Highland Capital's Chapter 11 case.
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February 26, 2026
Fat Brands Noteholders Seek To Force Discovery In Ch. 11
Fat Brands creditors that hold $990 million in debt accused it of failing to respond to its discovery requests ahead of a hearing on the creditors' motion to appoint a Chapter 11 trustee in the case.
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February 26, 2026
Multi-Color, Creditors Clash Over Bid To Transfer NJ Case
A New Jersey bankruptcy judge declined to rule Thursday on motions by a creditor group and the U.S. Trustee's Office to transfer or dismiss the Chapter 11 case of global label maker Multi-Color Corp., saying he would endeavor to rule on them soon.
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February 26, 2026
Corporate Atty From Wilson Sonsini Rejoins Young Conaway
An attorney who handles corporate governance, transactional and other matters has rejoined Delaware-based Young Conaway Stargatt & Taylor LLP after more than three years at Wilson Sonsini Goodrich & Rosati PC.
Expert Analysis
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The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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Law School's Missed Lessons: Practicing Client-Led Litigation
New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.
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E-Discovery Quarterly: Recent Rulings On Dynamic Databases
Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.
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Drafting For Distress: D&O Policy Tips Ahead Of Ch. 11 Filings
Considering recent bankruptcy statistics and the economic climate, now is a good time for companies to revisit their directors and officers liability insurance coverage, as understanding how these programs are structured and which terms matter at placement or renewal can materially improve protection for leaders of a distressed company, say attorneys at Reed Smith.
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Law School's Missed Lessons: Networking 101
Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.
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Defeating Estoppel-Based Claims In Legal Malpractice Actions
State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.
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The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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Why Appellees Should Write Their Answering Brief First
Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.
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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 right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.
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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 hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.
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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 create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.
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Law School's Missed Lessons: Educating Your Community
Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.
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ConvergeOne Ch. 11 Ruling Clarifies Lender Incentive Limits
The recent ConvergeOne ruling from a Texas federal court marks the latest rebuke of selective lender incentives in bankruptcy, and, along with two appellate decision from late 2024, delineates the boundaries of liability management exercises inside and outside Chapter 11, says Pratik Raj Ghosh at MoloLamken.