Large Cap
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December 05, 2025
ModivCare Lenders Push For Swift Ch. 11 Plan Approval
ModivCare's consenting creditors and debtor-in-possession lenders have urged a Texas bankruptcy court to quickly confirm the medical transportation provider's Chapter 11 plan, which they said will reduce its debt load by $1.1 billion, pushing back on challenges from the unsecured creditors' committee.
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December 05, 2025
Stinson Adds Bankruptcy Partners From Leech Tishman In LA
Stinson LLP has again expanded its attorney roster in its Los Angeles office that opened earlier this year, this time adding two bankruptcy partners from Leech Tishman and a business litigation associate.
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December 04, 2025
Broadband Telecom's Restructuring Head Seeking Full Access
Counsel for telecommunications business Broadband Telecom Inc. said that the debtor's chief restructuring officer had made progress on obtaining records and assessing its business, but is still seeking full and direct access to the company's data.
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December 04, 2025
DOJ Urges High Court To Deny Hertz Ch. 11 Appeal
The U.S. Solicitor General told the Supreme Court late Wednesday that it should not take up an appeal from reorganized debtor Hertz Corporation over a $272 million make-whole payment dispute because the circuit court got it right in finding the company is obligated to make the payment to its unsecured creditors.
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December 04, 2025
Judge Wants Weekend To Consider NOLA Diocese Ch. 11 Plan
The Louisiana bankruptcy judge overseeing the bankruptcy of the Roman Catholic Archdiocese of New Orleans said Thursday she will take the weekend to consider insurer objections to the archdiocese's Chapter 11 plan and go over statements from sexual abuse claimants.
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December 04, 2025
Spirit Airlines Seeks OK For $140M Engine Settlement
Spirit Airlines says it has reached a $140 million agreement with International Aero Engines related to engines that had grounded some of the budget airline's fleet.
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December 04, 2025
Meet The Attorneys For Sonder, Ch. 7 Trustee
Sonder has tapped a lawyer from Pachulski Stang Ziehl & Jones LLP for its bankruptcy and the Chapter 7 trustee has assembled a team from Duane Morris LLP and Sullivan Hazeltine Allinson LLC as the debtor liquidates under pressure from more than $1 billion in debt.
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December 04, 2025
Squire Patton Hires Foley & Lardner's Bankruptcy Vice Chair
Squire Patton Boggs LLP announced Wednesday that it has hired the former vice chair of Foley & Lardner LLP's bankruptcy and restructuring practice.
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December 04, 2025
Under The Radar: Bankruptcy News You May Have Missed
A California bankruptcy judge gave a Catholic diocese more time to propose a plan to end its Chapter 11 case, a Beijing-based real estate developer asked to have its involuntary bankruptcy case dismissed, and noteholders in subprime auto lender Tricolor's Chapter 7 sought discovery powers.
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December 04, 2025
Cayman Parent Of Canterbury Securities Files Ch. 15 Case
The Cayman Islands parent company of Chapter 15 debtor Canterbury Securities filed for its own insolvency case late Wednesday in New York, with the same joint liquidators seeking recognition of a foreign proceeding in the new case.
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December 04, 2025
Blank Rome's 2026 Partnership Class Is Biggest In 7 Years
Blank Rome LLP will elevate 14 attorneys to partner in the new year, its highest partnership class in seven years.
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December 03, 2025
Country Garden Gets Ch. 15 Nod On Hong Kong Restructuring
Country Garden Holdings Co., a major Chinese property developer, received U.S. recognition of its Hong Kong restructuring plan designed to trim more than $11 billion in debt, with a New York bankruptcy judge entering an order granting the debtor Chapter 15 relief.
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December 03, 2025
Party City Franchisees Want To Revamp Monopolization Case
Party City franchisees want to file an amended complaint in their case accusing the corporate retail chain of monopolizing the market before the court rules on a dismissal bid, the franchisees told a New Jersey federal court.
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December 03, 2025
Catholic Dioceses Facing Rockier Road To Resolve Ch. 11s
A trio of recent Chapter 11 cases are illustrating the new reality for Roman Catholic dioceses trying to address their child sexual abuse liabilities in bankruptcy court, with the cases taking longer to resolve and only moving forward after threats of dismissal.
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December 03, 2025
Judge Eases $4.1B Liability For Insurer In Conn. Rehab Plan
A Connecticut judge has approved a modified moratorium that protects PHL Variable Insurance Co. and two subsidiaries during a state rehabilitation, agreeing to a plan that could reduce universal life death benefits by $4.1 billion while allowing policyholders the option to avoid paying $175 million in estimated total premiums.
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December 03, 2025
Omnicare Gets March Date For Ch. 11 Asset Auction
A Texas bankruptcy judge Wednesday gave pharmacy services provider Omnicare the go-ahead to put itself on the auction block in March, saying it is a reasonable timeframe for the debtor to market its assets.
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December 02, 2025
Wind Co. Has Tentative Deal Tied To Pre-Ch. 11 Uptier Suit
TPI Composites Inc. said it reached a tentative deal with its senior lender and creditors committee after a Texas bankruptcy judge on Tuesday voiced uncertainty over how the committee's lawsuit challenging an uptier transaction and TPI's opposition to the litigation could affect its Chapter 11 proceedings.
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December 02, 2025
King & Spalding Atty Dies In Mountain Climbing Accident
People at King & Spalding LLP are mourning after an appellate attorney from the firm and a mountain guide fell to their deaths climbing New Zealand's tallest mountain.
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December 02, 2025
FDIC Secures Dismissal Of SVB Cayman Deposit Suit
A California federal judge has permanently tossed a suit against the Federal Deposit Insurance Corp. brought by liquidators of the Cayman Islands branch of collapsed Silicon Valley Bank, finding they lack standing to sue the agency and are barred from relitigating issues already decided in bankruptcy court.
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December 02, 2025
Gol Linhas Ch. 11 Plan Releases Overturned On Appeal
A New York federal judge has reversed the confirmation of Brazilian airline Gol Linhas Aereas Inteligentes' Chapter 11 plan, ruling that the bankruptcy court improperly found creditor silence on the proposal's third-party claims releases could be assumed as consent.
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December 02, 2025
CCA Gets OK For Deal With Bahamas Developer Owed $1.6B
At a hearing held Tuesday, a New Jersey bankruptcy judge enthusiastically approved a settlement between Chinese state-owned firm CCA Inc. and a Bahamian resort developer, whose $1.6 billion court win sent CCA into Chapter 11.
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December 02, 2025
Fox News, FedEx Ink Clawback Settlements With Guo Trustee
The trustee handling Chinese exile Miles Guo's $374 million Chapter 11 estate has asked a Connecticut bankruptcy judge to approve sealed settlements in clawback claims once totaling nearly $4 million against Fox News, FedEx, Marcum LLP and seven other entities after a mediator agreed the terms were reasonable.
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December 02, 2025
First Brands Floats Process For Sorting $3B Factoring Snafu
Bankrupt auto parts maker First Brands Group proposed a process to reconcile its third-party factoring agreements with pending invoices to help resolve a $3 billion question arising from the debtor's prepetition operations.
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December 02, 2025
Catching Up With New Bankruptcy Case Action
A solar energy business sought bankruptcy protection in Texas. The foreign representative of a consultancy founder's bankruptcy estate sought recognition of his Canadian insolvency proceedings. And a landlord in the Bronx entered Chapter 11.
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December 02, 2025
Three Arrows Boosts $1.5B FTX Claim Tied To Crypto Winter
The liquidators of defunct crypto hedge fund Three Arrows Capital defended their $1.53 billion claim against FTX months after the failed exchange called it "baseless," telling a Delaware bankruptcy judge that its assets at FTX were sold just weeks before its collapse in what amounts to "classic preference."
Expert Analysis
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Power To The Paralegals: How And Why Training Must Evolve
Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.
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Law School's Missed Lessons: Mastering Time Management
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.
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11th Circ. Equitable Tolling Ruling Deepens Circuit Split
The Eleventh Circuit recently held that equitable tolling was unavailable to extend a deadline to object to discharge of debt, becoming the most recent circuit court decision to address this issue, and deepening a split that requires resolution by the U.S. Supreme Court, says Paul Avron at Berger Singerman.
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Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.
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Law School's Missed Lessons: Adapting To The Age Of AI
Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.
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Demystifying The Civil Procedure Rules Amendment Process
Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.
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What New CFPB Oversight Limits Would Mean For 4 Markets
As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.
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Advice For 1st-Gen Lawyers Entering The Legal Profession
Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.
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How Bankruptcy Law Caps Landlords' Rejected Lease Claims
With corporate bankruptcy filings for the first half of the year at a 15-year high, landlords should be prepared for commercial tenants to use the bankruptcy process to reject unwanted leases in order to lessen corporate footprints and improve liquidity, say attorneys at Mintz.
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Ruling Puts 11th Circ. At Odds With Bankruptcy Courts
While an Eleventh Circuit majority recently found in BenShot v. 2 Monkey Trading and Lucky Shot USA that corporate debtors, like individuals, face certain exceptions to discharge under a nonconsensual Subchapter V plan, the ruling not only reverses the lower court, but opposes the holdings of many other bankruptcy courts, say attorneys at McDermott.
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Law School's Missed Lessons: How To Make A Deal
Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.
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What 2 Profs Noticed As Transactional Law Students Used AI
After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.
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Law School's Missed Lessons: Negotiation Skills
I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.