Large Cap

  • July 09, 2025

    NJ Justices Disbar Fla. Atty For Misappropriating $100K

    The New Jersey Supreme Court has disbarred a Florida attorney based on Disciplinary Review Board findings that she misappropriated more than $100,000 in client funds.

  • July 09, 2025

    McGuireWoods Names New Office Leaders In 4 US Cities

    McGuireWoods LLP announced Wednesday that it has appointed new office managing partners in Atlanta, Houston, Baltimore and San Francisco, continuing the firm's practice of rotating its staff in and out of key leadership positions.

  • July 08, 2025

    Puerto Rico Bond Suit Doesn't Belong In Conn., Insurers Say

    The insurers of billions in bonds issued by the Puerto Rico Sales Tax Financing Corp. say a Connecticut federal judge can't hear a proposed class action accusing them of failing to pay bondholders the full value of their investments after a 2016 bankruptcy default.

  • July 08, 2025

    Bid To Convert Yellow To Ch. 7 Postponed, New Plan Expected

    A bid to convert the Chapter 11 bankruptcy of Yellow Corp. to a Chapter 7 liquidation was postponed on Tuesday as the former trucking company promised it would soon propose a new plan after nearly two years in court-supervised restructuring.

  • July 08, 2025

    Catching Up With New Bankruptcy Case Action

    Del Monte, a titan in the canned food industry, entered Chapter 11 in New Jersey. A media company partially controlled by Dr. Phil entered bankruptcy in Texas and began suing its joint venture partner. And a company that offers health care in The Villages retirement community hit bankruptcy in Florida with an initial bid for its assets.

  • July 08, 2025

    Prospect Medical Doctor Groups Hit Ch. 11 After Astrana Sale

    About two dozen physician practices linked to bankrupt healthcare company Prospect Medical have filed for Chapter 11 protection in Texas, days after Prospect sold some of the entities' assets to Astrana Health Inc. for $708 million.

  • July 08, 2025

    Jackson Walker, US Trustee Have A Week To Finish Mediation

    A Texas federal judge has given Jackson Walker LLP and the federal government's bankruptcy watchdog a week to finish mediation in a fee dispute stemming from a former bankruptcy judge's secret relationship with a former firm partner.

  • July 08, 2025

    Linqto Hits Ch. 11 Amid SEC Probe, Compliance Concerns

    Linqto, a platform that connected investors with pre-IPO startups and other privately held firms, has filed for bankruptcy in Texas amid an investigation by the U.S. Securities and Exchange Commission and internal concerns over its compliance with securities laws.

  • July 07, 2025

    Texas Says GM Can't Use Ch. 11 Sale To End Data Privacy Suit

    The Texas attorney general is urging a New York bankruptcy court to reject General Motors' bid to escape a data privacy suit being pressed by his office over the automaker's allegedly unlawful collection and sale of drivers' private information, arguing that the court lacks jurisdiction over the agency and that the claims aren't barred by prior bankruptcy proceedings. 

  • July 07, 2025

    Fresno Diocese Seeks Parish Account Protection In Ch. 11

    The bankrupt Roman Catholic Bishop of Fresno told a California judge Monday that it would be providing additional evidentiary support for its cash management motion so that the bank accounts of its non-debtor parishes can be protected from closure.

  • July 07, 2025

    Texas Appeals Court Finds $50M Dubai Judgment Was Unfair

    A Texas appeals court has found that a $50 million judgment issued by a United Arab Emirates court system against executives who allegedly fled the country after committing fraud could not stand under state law, saying the UAE court system never provided the executives adequate notice.

  • July 07, 2025

    Celsius Ends FTX Clawback Suit, Rite Aid Unit Sale OK'd

    FTX's Bahamas unit and bankrupt cryptocurrency lender Celsius Network reached a settlement resolving an adversary lawsuit seeking the return of around $517 million in pre-bankruptcy transfers. A New Jersey bankruptcy judge approved Rite Aid's roughly $19 million sale of an ice cream brand to a pair of billionaires behind Monster Energy. And insurers are challenging Avon's Chapter 11 plan, arguing it unfairly forces them to cover potentially invalid talc injury claims.

  • July 07, 2025

    AIG Pays $6M For Fire In Chinese Exile Guo's NYC Apartment

    AIG Property Casualty Co. has paid more than $6 million to a company once owned by Chinese exile and since-convicted fraudster Miles Guo after a fire damaged his former residence in New York City's Sherry-Netherland Hotel, an exclusive co-op across the street from Central Park, a court filing indicates.

  • July 07, 2025

    Meet The Attorneys Guiding Del Monte In Its $1.2B Ch. 11

    A team of attorneys from Cole Schotz PC and Herbert Smith Freehills Kramer are guiding packaged foods giant Del Monte through Chapter 11 as it hopes to find a buyer.

  • July 07, 2025

    Catching Up With Delaware's Chancery Court

    In Delaware in the past week, a vice chancellor awarded just $1 in damages to a China-tied company looking to secure a $50 million stake in SpaceX while also slamming the fund's manager for acting "insincerely," Tyson Foods won $55 million in damages in a suit claiming the owner of two poultry rendering plants Tyson acquired hid that it relied on a "disfavored" practice of recovering "unappetizing remnants of butchered chickens," and a suit over a one-site bank's 11-aircraft fleet was moved into the discovery phase.

  • July 07, 2025

    Steward Health Reaches $15.5M Deal With Fla. Hospital Buyer

    Hospital operator Steward Health Care told a Texas bankruptcy judge Monday it had reached a deal with the buyer of eight of its hospitals to resolve claims over $55 million in disputed Medicaid payments, with Steward expected to recoup $15.5 million as part of the agreement.

  • July 07, 2025

    Lindberg Victims May See $318M Restitution From Asset Sale

    The special master who is untangling convicted billionaire Greg Lindberg's web of companies wants to dole out roughly $318 million in restitution from the sale of one of the mogul's most valuable assets to the insurance companies he is accused of defrauding, court records show.

  • July 03, 2025

    Avianca Asks Justices To Resolve Ch. 11 Lease Obligations

    South America's second-largest airline Avianca on Thursday took a fight stemming from its 2020 bankruptcy to the U.S. Supreme Court, asking the justices to resolve a circuit split over the question of when a Chapter 11 debtor's lease obligations arise.

  • July 03, 2025

    Bankruptcy Judge Lets Del. Court Take Invitae Contract Fight

    A New Jersey bankruptcy judge has abstained from ruling on a motion to dismiss an adversary lawsuit brought by genetic testing company Natera against bankrupt competitor Invitae over a 2024 asset purchase, saying that Delaware's Chancery Court is the preferred venue for deciding the dispute given parallel litigation pending there.

  • July 03, 2025

    Steward's Ch. 11 Plan Faces Mounting Opposition

    Objections to hospital operator Steward Healthcare's Chapter 11 plan piled up, as parties including Humana Insurance Co. and Blue Cross and Blue Shield of Massachusetts Inc. opposed its injunction provisions.

  • July 03, 2025

    What's Happening In Bankruptcy Court This Coming Week

    Coming out of the July Fourth long weekend, bankruptcy judges will consider debtor-in-possession financing requests by solar company Sunnova and fiber developer Tilson, a dispute over trucking firm Yellow Corp.'s Chapter 11 progress, and first-day relief for the Catholic Diocese of Fresno, California.

  • July 03, 2025

    Circuit-By-Circuit Recap: Justices Send Message To Outliers

    It was a tough term at the U.S. Supreme Court for two very different circuits — one solidly liberal, one solidly conservative — that had their rulings overturned in eye-popping numbers. But it was another impressive year for a relatively moderate circuit that appears increasingly simpatico with the high court.

  • July 03, 2025

    Boy Scouts Of America Distributed $164M To Claimants So Far

    Boy Scouts of America has so far transferred nearly $164 million to sexual abuse survivors, according to a monthly report released by the organization's settlement trust. 

  • July 03, 2025

    The Moments That Shaped The Universal Injunction Case

    The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foregone conclusion during oral arguments earlier this year. What do the colloquies suggest about the justices' thinking? Here are some moments that may have swayed them.

  • July 03, 2025

    Sunnova, Wolfspeed Top 2025 Bankruptcies: Midyear Report

    Changes and uncertainty in U.S. federal policy have tipped major companies into bankruptcy this year, with residential solar company Sunnova, auto-parts maker Marelli and others blaming aggressive tariffs and shifting tax regulations for their recent financial troubles.

Expert Analysis

  • Striking A Balance Between AI Use And Attorney Well-Being

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    As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.

  • Being An Artist Makes Me A Better Lawyer

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    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • Bankruptcy Decision Exemplifies Venue Issue For Franchisees

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    A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on assumption of executory franchise contracts highlights the issue of whether franchisee debtors can qualify for case venue in friendlier circuits, says David Gamble at Parkins Rubio.

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

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    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

  • The Strategic Advantages Of Appointing A Law Firm CEO

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    The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

  • What Being An 'Insider' Means In Ch. 11, And Why It Matters

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    As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

  • Navigating The Bankruptcy Terrain After Purdue Pharma

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    The U.S. Supreme Court’s June ruling in Harrington v. Purdue Pharma is having a significant impact on bankruptcies, with recent cases addressing nonconsensual third-party releases and opt-out mechanisms, and highlighting strategies practitioners can employ to avoid running afoul of the decision, say Brett Axelrod and Agostino Zammiello at Fox Rothschild.

  • Use The Right Kind Of Feedback To Help Gen Z Attorneys

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    Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.

  • How 9th Circ. Ruling Expands Bankruptcy Trustees' Powers

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    The Ninth Circuit recently held in The Lovering Tubbs Trust v. Hoffman that a trustee can avoid intentionally fraudulent transfers, even if no creditor suffered harm as a result, materially strengthening bankruptcy trustees' powers, say Robert Klyman and Rod Kazempour at DLA Piper.

  • State Of The States' AI Legal Ethics Landscape

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    Over the past year, several state bar associations, as well as the American Bar Association, have released guidance on the ethical use of artificial intelligence in legal practice, all of which share overarching themes and some nuanced differences, say Eric Pacifici and Kevin Henderson at SMB Law Group.

  • 8 Childhood Lessons That Can Help You Be A Better Attorney

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    A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.

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