Large Cap

  • September 17, 2025

    Winston & Strawn Blamed For 'Anti-Woke' Fintech $1.7B Crash

    The 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.

  • September 17, 2025

    2nd Circ. Won't Block Eletson Doc Transfer In Shipping Row

    The 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.

  • September 17, 2025

    Linqto Gets Deal With Customers Over Stakes In Private Stock

    Troubled investment platform Linqto has asked a Texas bankruptcy judge to approve a settlement with customers that would offer them a version of the exposure to private startups the company purported to sell before seeking Chapter 11 protection in July.

  • September 17, 2025

    4th Circ. Told Panel's Ruling In Bestwall Ch. 11 Dangerous

    A 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.

  • September 17, 2025

    Judge Grossman Rejoins Duane Morris As Of Counsel

    U.S. Bankruptcy Judge Robert E. Grossman has rejoined Duane Morris LLP as of counsel in the firm's business reorganization and financial restructuring practice in New York, where he was a partner before his appointment to the bench, the firm announced Monday.

  • September 17, 2025

    Purdue Can Pay CEO Ch. 11 Bonus After Trimming Comp

    A 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.

  • September 17, 2025

    Yale Health System Settles $435M Hospital Sale Suit

    Yale 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.

  • September 16, 2025

    3rd Circ. Says Yellow Has Ch. 11 Pension Liabilities

    The 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.

  • September 16, 2025

    Catching Up With New Bankruptcy Case Action

    Bankrupt dietary supplement company Iovate began a Chapter 15 case to protect its U.S. assets as it weighs pursuing a Canadian insolvency. A car loan lender for low-income people entered Chapter 7 with at least a billion in debt. And an aerospace manufacturer entered Chapter 11 with at least $15 million in debt to tackle.

  • September 16, 2025

    FDIC Gets More Discovery In SVB Fraud Coverage Row

    A 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.

  • September 16, 2025

    Serta's Excluded Lenders Lose Preliminary Injunction Bid

    Lenders that were excluded from mattress maker Serta Simmons' contentious "uptier" debt exchange failed to persuade a Texas bankruptcy judge Tuesday to temporarily block their opponents from dissipating funds that could be used to compensate them, months after the Fifth Circuit rejected the debtor's transaction.

  • September 16, 2025

    Judge Orders Bench Trial On Key Issue In Sirius Patent Case

    A 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.

  • September 16, 2025

    Boy Scouts Claimants Voice Frustrations With Ch. 11 Process

    A 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.

  • September 16, 2025

    Former Judge Aims To Escape Suit Over Secret Atty Romance

    Former 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.

  • September 16, 2025

    Guo Ch. 11 Trustee Reveals $70K Deal With NY Law Firm

    The 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.

  • September 15, 2025

    3rd Circ. Backs Talc Co.'s Ch. 11, Hooters Must Split Royalties

    The Third Circuit determined that the board of directors for former talc supplier Whittaker Clark & Daniels had the power to put it into bankruptcy, despite the appointment of a receiver for its assets. The Catholic diocese for Oakland, California, has asked to end its Chapter 11, saying it has little hope for reaching a settlement with creditors. And debtors across the country secured confirmation of Chapter 11 plans.

  • September 15, 2025

    Yellow Shareholder, Co. Object To NY Teamsters' $76M Claim

    Yellow Corp.'s largest public shareholder objected to a roughly $76 million claim from the New York State Teamsters Conference Pension and Retirement Fund, arguing that the pension didn't follow the steps that would allow the claim, with the trucking company itself echoing the opposition.

  • September 15, 2025

    NBA's Trail Blazers Sold To Owner Of NHL's Hurricanes

    The 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.

  • September 15, 2025

    Incora's Uptier Deal Upheld In Reversal Of Bankruptcy Ruling

    A Texas federal court has ruled that aircraft-parts supplier Incora's controversial "uptier" debt exchange was "proper and appropriate," reversing a bankruptcy judge more than a year after he threw out the deal in a watershed decision on so-called creditor-on-creditor violence.

  • September 15, 2025

    Sears Investors Ink $9M Deal In Fiduciary Breach Case

    A 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.

  • September 15, 2025

    Jackson Walker Wants Breakup From Judge Romance Suit

    Jackson 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.

  • September 15, 2025

    Raines Feldman Gains 7 New Attys In Calif., NY

    Raines Feldman Littrell LLP announced Friday that it has added seven new attorneys to its ranks, adding bicoastal legal talent across four different practice areas.

  • September 15, 2025

    Steward Health Vendors Get Hearing On Sanctions Bid

    A Texas bankruptcy judge agreed Monday to hear arguments over a request for sanctions against a buyer of Steward Health Care's hospitals, after a pair of vendors for the insolvent hospital operator alleged the buyer flouted a court order requiring it to pay them more than $7 million.

  • September 12, 2025

    Real Estate Recap: CMBS Distress, Nuclear AI, Campus Golf

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney perspectives on commercial mortgage-backed securities distress, the dawn of nuclear-powered data centers, and the albatross of golf courses on colleges and universities.

  • September 12, 2025

    Exile's Wife Loses Appeal Over $6.9M Connecticut Mansion

    The wife of Chinese exile and convicted security fraud defendant Miles Guo lost her bid to shield a $6.9 million Greenwich mansion from her husband's creditors when a Connecticut federal judge ruled Friday that the property ultimately belongs to his Chapter 11 estate. 

Expert Analysis

  • 3 Del. Bankruptcy Cases Highlight US Trustee Objections

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    As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agreement should be prepared for the U.S. Trustee Office's objections, including if the proposed classification for the bid protections is a superpriority administrative expense claim, says Kyle Arendsen at Squire Patton.

  • Adapting To Private Practice: From SEC To BigLaw

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    As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to build a deep rapport and demonstrate my value, says Jennifer Lee at Jenner & Block.

  • 4 Ways Women Attorneys Can Build A Legal Legacy

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    This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.

  • A Judge's Pointers For Adding Spice To Dry Legal Writing

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    U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

  • Lessons Learned From SAS' Flight Through Chapter 11

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    Scandinavia's SAS is the first European airline to find its wings through the U.S. Chapter 11 process since COVID-19 rocked the aviation industry — and while the process involved some familiar steps, certain complex jurisdictional issues and non-U.S. stakeholders required the carrier to venture into uncharted airspace, says Emily Hong at Norton Rose.

  • Bankruptcy Ruling Provides Guidance On 363 Asset Sales

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    HE v. Avadim Holdings, a recent ruling from the District of Delaware, underscores the principle that rejection of executory contracts does not unwind completed transfers of property and the importance of clear and precise language in sale orders and asset purchase agreements in bankruptcy cases, say attorneys at Eversheds Sutherland.

  • 7 Tips For Associates To Thrive In Hybrid Work Environments

    Excerpt from Practical Guidance
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    As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.

  • Playing Beach Volleyball Makes Me A Better Lawyer

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    My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.

  • Terraform Case May Be Bellwether For Crypto Enforcement

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    The prosecution of crypto company Terraform Labs and its CEO, Do Kwon, offers a unique test of the line between lawful and unlawful conduct in digital transactions, and the Trump administration’s posture toward the case will provide clues about its cryptocurrency enforcement agenda in the years to come, say attorneys at Brooks Pierce.

  • How Law Firms Can Counteract The Loneliness Epidemic

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    The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.

  • 5 Keys To Building Stronger Attorney-Client Relationships

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    Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.

  • How Courts Can Filter Nonmeritorious Claims In Mass Torts

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    Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University.

  • Racing Corvettes Makes Me A Better Lawyer

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    The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.

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