Large Cap
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									August 26, 2025
									Puerto Rico Utility Bondholders Say They'll End Reorg DealA group of Puerto Rican electric utility bondholders have told a New York federal judge they will pull out of a three-year-old deal to support the utility's proposed restructuring plan if it is not confirmed by October. 
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									August 26, 2025
									Catching Up With New Bankruptcy Case ActionA medical transportation company entered Chapter 11 in Texas to address $1.1 billion in debt, a business that rented out audiovisual equipment sought to begin liquidation in California, and the company that owns a Wisconsin biomethane plant went bankrupt with a prepackaged plan to be considered on Sept. 30. 
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									August 26, 2025
									US Trustee Asks To Pry Open Old HomeBanc Ch. 7The Office of the U.S. Trustee has asked a Delaware bankruptcy court to reopen the 2007 bankruptcy case of HomeBanc Mortgage Corp. after $232,390 in funds from bank accounts that were not turned over at the Chapter 7 trustee's initial demand was recovered. 
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									August 26, 2025
									Canadian Tobacco Co.'s Tort Deal Gets US RecognitionA New York bankruptcy judge Tuesday granted U.S. recognition to the restructuring of one of Canada's largest tobacco distributors as part of its participation in a CA$32.5 billion ($23.59 billion) settlement of Canadian tobacco lawsuits. 
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									August 25, 2025
									Rite Aid, Lease Buyer Hit Back At Landlord's Sale ObjectionBankrupt drugstore chain Rite Aid and the discount clothing retailer Ross Dress For Less are pushing back against a landlord who objected to the debtor's sale of 18 store leases to Ross, saying the planned sale is in Rite Aid's best interest. 
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									August 25, 2025
									Chubb Units Say No To Test Cases In Archdiocese Ch. 11Insurance carriers for the Archdiocese of San Francisco urged a California bankruptcy court to reject a deal between the archdiocese and sexual abuse claimants to allow five lawsuits to proceed despite a Chapter 11 automatic stay. 
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									August 25, 2025
									Auto Parts Supplier Targets Tilton In $39M Clawback CaseAn auto parts supplier asked a Michigan state court to hold collateralized debt promoter Lynn Tilton and several other defendants liable to the tune of nearly $40 million, alleging they had been involved in an asset transfer aimed at ducking a judgment in the plaintiff's favor. 
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									August 25, 2025
									Nikola Founder Cites Trump Pardon, Claire's Gets DIP FundsNikola’s founder and ex-CEO said his claim in the company’s Chapter 11 cannot be subordinated, while Clare’s got interim approval for bankruptcy financing and Avon secured a judge’s permission to implement its reorganization plan. 
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									August 25, 2025
									Albany Diocese Creditors, Insurers Spar On Claim ChallengesTort claimants have urged a New York bankruptcy judge not to hear insurers' objections to claims in the Chapter 11 of the Roman Catholic Diocese of Albany, challenging the companies' position they have a financial stake in the court's decision on whether to allow the claims. 
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									August 25, 2025
									Marelli Wins Ch. 11 Ruling To Resume Arbitration In ItalyA Delaware bankruptcy judge said he would lift the automatic stay on an arbitration proceeding in Italy, finding that it wouldn't prejudice a company with counterclaims against automotive parts manufacturer Marelli Corp. 
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									August 22, 2025
									Kroll Catches Class Suit Over Crypto Bankruptcy Data BreachKroll has been hit with a proposed class action in Texas federal court from an FTX creditor who says the claims and noticing agent should've done more to secure user data and notify claimants of key bankruptcy deadlines after it suffered a data breach that exposed creditors to a bevy of email attacks. 
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									August 22, 2025
									US Trustee Objects To Opt-Outs In Wolfspeed's Ch. 11 PlanThe U.S. Trustee's Office has objected to the prepackaged Chapter 11 plan from chipmaker Wolfspeed Inc., arguing the opt-out mechanism for obtaining creditor support for third-party releases is nonconsensual. 
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									August 22, 2025
									Eletson Looks To Nix $102M Award Over Reed Smith 'Fiction'The new owner of international shipping company Eletson has asked a New York federal judge to vacate a $102 million arbitral award issued in a dispute with competitor Levona, saying the award is based on a "fiction" perpetuated by the company's former owners as assisted by their Reed Smith LLP counsel. 
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									August 22, 2025
									Board Purge May Not Bring Puerto Rico Utility Bond PaymentsPresident Donald Trump's dismissal of nearly the entire board overseeing Puerto Rico's debt restructuring may result in a body that is more friendly to the island's electric utility bondholders, but their hopes for full payment will likely remain out of reach, experts told Law360 
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									August 22, 2025
									Avon's Ch. 11 Plan Can Get OK, With Changes, Judge RulesBankrupt cosmetics giant Avon and its talc trust must modify its Chapter 11 reorganization plan to make some concessions to insurers, but the plan is otherwise confirmable and doesn't need to be sent out again for a new creditor vote, a Delaware judge has ruled. 
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									August 22, 2025
									Judge Orders New Committee Members In Genesis Ch. 11A Texas bankruptcy judge Friday ordered the U.S. Trustee to add two trade creditors to the already formed creditors committee of multistate nursing home operator Genesis Healthcare, saying the group was skewed toward tort claims. 
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									August 22, 2025
									What's Happening In Bankruptcy Court This Coming WeekIn the coming week, bankruptcy courts will consider Wag!'s Chapter 11 plan and disclosure statement, Sunnova Energy's request for conditional approval of its disclosure and vote solicitation process, Party City's final disclosure statement, and Linqto Texas' request for approval of debtor-in-possession financing. 
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									August 22, 2025
									US Trustee Objects To Party City Plan To Nix FeesParty City's proposal to pay unsecured creditors $1 million under its Chapter 11 liquidation plan has sparked an objection from the U.S. Trustee's Office, which has argued the arrangement would violate bankruptcy rules by attempting to let the debtor duck other obligations to administrative creditors. 
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									August 21, 2025
									Genesis, Unsecured Creditors Lock Horns On Final Ch. 11 DIPBankrupt nursing home operator Genesis urged a Texas bankruptcy judge Thursday to not delay final approval of its $30 million debtor-in-possession loan, fending off arguments from its unsecured creditors committee that there are better offers and the funds aren't urgently needed. 
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									August 21, 2025
									BlockFi Judge Urged To OK $13M Deal As Objector WithdrawsInvestors who reached a $13.2 million settlement with the failed cryptocurrency lender BlockFi Inc. have urged a federal judge to move forward with the plan now that a class member has withdrawn his objections to the deal. 
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									August 21, 2025
									Under The Radar: Bankruptcy News You May Have MissedAn appellate court dismissed an appeal California brought against 23andMe's bankruptcy sale after the parties agreed to end the case; Fannie Mae asked a New York bankruptcy judge to prevent the bankrupt owner of an apartment complex from using rent for Chapter 11 financing; and another New York bankruptcy judge ordered a law firm to return $30,000. 
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									August 21, 2025
									Claire's Gets Interim Approval For $22.5M DIP FacilityA Delaware bankruptcy judge on Thursday gave interim approval to bankrupt jewelry chain Claire's to receive a $22.5 million debtor-in-possession facility from a private holding company that plans to buy the majority of the company's U.S. stores through an asset purchaser agreement. 
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									August 21, 2025
									McKesson Agrees In Principle To Sponsor Rite Aid Ch. 11 PlanNational pharmacy chain Rite Aid told a New Jersey bankruptcy judge on Thursday that it has reached an agreement with prescription drug supplier McKesson Corp. on a path to end their dispute and move forward with a Chapter 11 reorganization plan. 
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									August 21, 2025
									Bankruptcy Trustee Axes RICO Claims Against BakerHostetlerThe trustee for the Alliance Health Liquidating Trust has agreed to drop two remaining civil racketeering claims against BakerHostetler in an adversary case stemming from the law firm's representation of a bankrupt pharmacy company in 2017. 
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									August 21, 2025
									Healthcare Co. Modivcare Hits Ch. 11 To Cut $1.1B Of DebtTechnology-enabled healthcare services company Modivcare Inc. filed for Chapter 11 protection in Texas bankruptcy court with plans to recapitalize its balance sheet and cut $1.1 billion of debt. 
Expert Analysis
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								FTX Exec's Sentencing Shows Pros And Cons Of Cooperation  The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford. 
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								Gardening Makes Me A Better Lawyer.jpg)  Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons. 
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								Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal  A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio. 
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								Litigation Inspiration: Reframing Document Review  For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben. 
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								The Challenges Of Abandoned Retirement Plans In Ch. 7.jpg)  The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto. 
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								Circus Arts Make Me A Better Lawyer  Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson. 
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								When Investigating An Adversary, Be Wary Of Forged Records  Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research. 
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								3 Ways To Train Junior Lawyers In 30 Minutes Or Less  Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields. 
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								The Bar Needs More Clarity On The Discovery Objection Rule  Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office. 
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								So You Want To Move Your Law Practice To Canada, Eh?  Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison. 
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								A Strategic Checklist For Bankruptcy Motion ObjectionsExcerpt from Practical Guidance  Hewing to a set of best practices for objecting to a motion in bankruptcy cases can help creditors’ counsel stay on track as they juggle deadlines and jurisdictions, determine whether filing will help or harm the client, and negotiate with the debtor. 
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								The 3rd-Party Bankruptcy Release Landscape After Purdue  In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis. 
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								Striking A Balance Between AI Use And Attorney Well-Being.jpeg)  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.