Large Cap
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November 10, 2025
Village Roadshow Ch. 11 Sale Gets OK, 23andMe Claims Cut
Village Roadshow received approval for a nearly $19 million Chapter 11 sale, 23andMe successfully sought permission to cut nearly 160,000 claims from its bankruptcy, and restaurant chain Pinstripes asked to convert its case to a Chapter 7. This is the week in bankruptcy.
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November 10, 2025
Justices Won't Hear Serta Simmons Ch. 11 Plan Challenge
The U.S. Supreme Court declined Monday to take up a challenge by Serta Simmons lenders to a Fifth Circuit ruling last year that rejected the mattress maker's controversial "uptier" debt exchange, choosing not to consider whether the appellate court erred in altering Serta's Chapter 11 plan without allowing a new vote on it.
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November 07, 2025
Real Estate Recap: Mamdani, Immigration, Q3 Debrief
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including real estate reactions to the election of Zohran Mamdani as mayor of New York City, how condo attorneys are bracing for a surge in immigration enforcement and third-quarter takeaways across asset classes.
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November 07, 2025
Purdue Expects Smooth Confirmation Of New $7.5B Plan
Bankrupt drugmaker Purdue Pharma will begin a confirmation trial for its latest Chapter 11 plan Wednesday in a vastly different position than the last time it came to court seeking similar relief in 2021, when a New York judge approved a plan — over the objections of key parties — that was later struck down by the U.S. Supreme Court.
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November 07, 2025
Judge Fears FTX-Size Probe In First Brands Ch. 11
A Texas bankruptcy judge signaled Friday that the investigation required in the bankruptcy case of auto parts maker First Brands might be as complex as that of FTX Trading Ltd. as he fielded calls for a Chapter 11 examiner.
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November 07, 2025
US Trustee Blasts Releases In New Orleans Diocese Plan
The U.S. Trustee's Office asked a Louisiana bankruptcy judge to reject the Chapter 11 plan proposed by the Roman Catholic Archdiocese of New Orleans, saying it improperly bars sexual abuse survivors from pursuing claims against third parties.
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November 07, 2025
What's Happening In Bankruptcy Court This Coming Week
It's a confirmation-seeking bonanza in the coming week as the Archdiocese of New Orleans will come to court for a pretrial conference related to its bankruptcy plan, Purdue will seek confirmation of its Chapter 11 plan, and Yellow Corp. will make its own bid for plan approval.
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November 07, 2025
Solar Co. Pine Gate Hits Ch. 11 With $1B+ Debt, Sale Plan
Solar energy developer Pine Gate Renewables has filed for Chapter 11 protection in a Texas bankruptcy court with more than $1 billion in debt and a plan to sell its business during the case.
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November 06, 2025
Meet The Attys Guiding Plastics Producer Klöckner In Ch. 11
Attorneys from Kirkland & Ellis LLP and Porter Hedges LLP are steering European plastic packaging maker Klöckner Pentaplast Verwaltungs GmbH through bankruptcy as the company aims to trim about €1.3 billion ($1.5 billion) of debt from its balance sheet.
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November 06, 2025
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 of litigation proceeds.
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November 06, 2025
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 after leaving the firm, the trustee told the California bankruptcy court.
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November 06, 2025
Under The Radar: Bankruptcy News You May Have Missed
A Firstbase.io creditor asked a judge to rethink approving another creditor's Chapter 11 plan for the debtor, Revlon is looking to quash an injury suit by invoking its plan's injunction mechanism, and the U.S. Trustee's Office encouraged a judge to reject Yellow's Chapter 11 plan.
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November 06, 2025
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 in the Southern District of Texas.
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November 06, 2025
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.
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November 06, 2025
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.
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November 06, 2025
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 of Barron & Newburger PC.
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November 05, 2025
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 $137 million breach-of-contract lawsuit against the union Wednesday.
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November 05, 2025
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 lenders and would harm the estate. The debtor and its ad hoc lender group each came to the defense of the request.
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November 05, 2025
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.
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November 05, 2025
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 between a former partner and a Texas bankruptcy judge.
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November 05, 2025
Meet The Attys In Office Properties Income Trust's Ch. 11
Office Properties Income Trust, a Massachusetts-based real estate investment trust, has tapped lawyers from Hunton Andrews Kurth LLP and Latham & Watkins LLP to guide a bankruptcy it began to address over $1 billion in debt.
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November 05, 2025
Plastics Co. Klöckner Can Tap €610M In Ch. 11 Financing
A Texas bankruptcy judge Wednesday agreed to grant Klöckner Pentaplast Verwaltungs GmbH, a European plastic packaging maker, interim access to €610 million ($701 million) of its debtor-in-possession funding as it moves toward a pre-planned restructuring.
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November 04, 2025
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 judge attributed not to the GWG judge's "own actions," but to Jones's "abuse" of judicial authority.
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November 04, 2025
Ex-Beneficient CEO Stole $150M From GWG, Feds Say
The former CEO of Texas financial services firm Beneficient allegedly created a fraudulent scheme to loot more than $150 million from now defunct GWG Holdings, a publicly traded company for which he served as chairman, according to a New York federal grand jury indictment unsealed Tuesday.
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November 04, 2025
First Brands Accuses Ex-CEO Of 'Brazen' Theft Of Millions
Bankrupt auto parts company First Brands has sued its founder and ex-CEO, saying he "lined his pockets" with hundreds of millions and possibly billions of dollars in company money, draining its accounts and partially causing its bankruptcy.
Expert Analysis
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Improv Makes Me A Better Lawyer
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.
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Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Baseball Fantasy Camp Makes Me A Better Lawyer
With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.
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Adapting To Private Practice: From Fed. Prosecutor To BigLaw
Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.