Large Cap
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December 12, 2025
Azul's Opt-Out Releases Will Be Approved, Judge Signals
A New York bankruptcy judge said Friday he would toss an objection the U.S. Trustee's Office had raised against Brazilian airline Azul's third-party releases, clearing a key hurdle to confirmation of the debtor's plan to cut more than $2 billion of debt under a Chapter 11 plan.
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December 11, 2025
Modivcare Clashes With Committee Over Ch. 11 Plan Approval
Medical transportation company Modivcare entreated a Texas bankruptcy judge on Thursday to approve its Chapter 11 reorganization while the official committee of unsecured creditors contended the plan was fatally flawed based on a lowball valuation.
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December 11, 2025
Judge Rejects Genesis Sale, Plans Auction Reset
A Texas bankruptcy judge decided Thursday she would restart the auction process in the bankruptcy of nursing home company Genesis Healthcare Inc., saying she wasn't convinced the first attempt had been fair.
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December 11, 2025
Fla. Judge OKs Ch. 11 Plan For $1.7B Miami High-Rise Plot
A Florida bankruptcy judge has confirmed the Chapter 11 plan for the owners of a prized piece of land proposed for a high-rise construction along the skyline of downtown Miami that could be worth more than $1 billion once redeveloped.
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December 11, 2025
Judge Probes Alleged Fake Docs In Miss America Dispute
A Florida federal judge said Thursday that he wants to get to the bottom of the authenticity of operating agreements for two companies associated with the Miss America pageant filed in court in a $500 million dispute over the ownership of the competition.
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December 11, 2025
'Totally Unacceptable': Alsup Rips Feds In Student Loan Deal
U.S. District Judge William Alsup on Thursday denied the U.S. Department of Education's request for an 18-month extension to process over 200,000 loan cancellation applications for students claiming they were defrauded by colleges they attended, calling it "totally unacceptable" and setting an April deadline to get the job done.
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December 11, 2025
Under The Radar: Bankruptcy News You May Have Missed
Democratic lawmakers urged a Texas bankruptcy judge to appoint an examiner to look into Genesis Healthcare's proposed sale, a Delaware bankruptcy judge said damages against the founder of Indian tech giant Byju's will be considered in January, and a New York federal judge said pretrial proceedings in a clawback action against 174 former customers of crypto platform Celsius Network belong in bankruptcy court.
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December 11, 2025
Ga. Dorm Operator Gets Approval For Ch. 11 Sale Plan
A Delaware bankruptcy judge Thursday approved the Chapter 11 plan for the operator of the dormitories at eight Georgia public university campuses, overruling an objection to the claims releases in the plan.
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December 11, 2025
Meet The Incoming SDNY Bankruptcy Judge Shireen Barday
A commercial litigator who has represented a long list of clients in complex cases — from Lehman Brothers, Facebook, institutional investors and drug developers to LGBTQ+ rights organizations in high stakes appellate cases — will join the bankruptcy bench in New York early next year.
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December 11, 2025
Azul Narrows Opt-Out Releases In Bid To Beat US Trustee
Brazilian airline Azul SA told a New York bankruptcy judge Thursday he should overrule an objection by the U.S. Trustee's Office to its proposed third-party releases and approve its bid to trim more than $2 billion in debt under a Chapter 11 plan, saying the releases are clearly permissible now that they don't bind creditors who failed to vote on the plan.
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December 11, 2025
Terraform Founder Gets 15 Years For 'Epic' $40B Crypto Scam
A Manhattan federal judge hit Terraform founder Do Kwon with a 15-year prison sentence Thursday, saying he caused "real people to lose $40 billion in real money" as he orchestrated a massive fraud that sunk the once high-flying crypto concern.
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December 11, 2025
Chancery Skeptical Of B. Riley Investors' Investment Loss Suit
A vice chancellor in the Delaware Chancery Court on Thursday pressed the lawyer for a B. Riley Financial Inc. stockholder to justify Caremark oversight claims tied to the investment firm's failed bets on the Franchise Group Inc., repeatedly questioning whether the complaint plausibly alleged bad faith board inaction rather than business judgment disagreements.
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December 10, 2025
Genesis Parties Trade Barbs Over Bitter Ch. 11 Sale Dispute
Bankrupt nursing home company Genesis Healthcare Inc. and its proposed asset purchaser on Wednesday traded accusations with parties objecting to the deal at the first day of a multipart sale hearing in the debtor's Chapter 11 case, with each side claiming the other is backing an inferior bid.
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December 10, 2025
Meet The Attys Steering Canadian Gas Co.'s Ch. 15
A team of attorneys from Pachulski Stang Ziehl & Jones LLP is guiding Canacol Energy Ltd., a Canadian company that drills for and explores natural gas in Colombia, through the Chapter 15 pipeline.
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December 10, 2025
Modivcare Creditors Question Calculations At Ch. 11 Plan Trial
Financial advisers to Modivcare's unsecured creditors' committee told a Texas bankruptcy judge on Wednesday they believe the healthcare transportation and technology company's estimates of its value and future earnings are too cautious.
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December 10, 2025
Parish Ch. 11 Buys NY Archdiocese Time To Settle Abuse Suits
Rising legal pressures stemming from child sex abuse claims led the Church of the Immaculate Heart of Mary to file for Chapter 11 bankruptcy, a move intended to pause litigation while the Archdiocese of New York — which is leading broader settlement talks and has announced plans to raise $300 million to compensate survivors — pursues a global resolution.
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December 10, 2025
2nd Circ. Urged To Nix Yacht, $37M Escrow From Guo Ch. 11
The daughter of Chinese exile Miles Guo on Wednesday asked the Second Circuit to reverse bankruptcy and district court decisions awarding a yacht and a $37 million support account to her father's Chapter 11 estate, saying those courts improperly relied upon a state court decision when issuing quick wins.
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December 10, 2025
VC Apple Tree Hits Ch. 11 After Row With Russian Billionaire
Biotechnology investor Apple Tree Life Sciences Inc. and affiliates filed for Chapter 11 protection in Delaware bankruptcy court, days after a Chancery Court judge ordered a Russian billionaire who partnered with the fund to cough up $97 million that Apple Tree demanded to support its struggling medical companies.
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December 09, 2025
Nylon Maker Ascend Secures OK For Ch. 11 Plan
A Texas bankruptcy judge agreed Tuesday to approve the Chapter 11 plan of nylon manufacturer Ascend Performance Materials, commending the debtor on reaching a largely consensual restructuring proposal eight months after its free-fall bankruptcy filing.
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December 09, 2025
Judge Will OK Church Wages In Ch. 11 Seeking Claims Halt
A New York bankruptcy judge said Tuesday he would grant interim approval to first day relief including permission to pay wages in a Chapter 11 case the Church of the Immaculate Heart of Mary began to pause abuse claims as its archdiocese tries to hash out a larger resolution.
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December 09, 2025
FTX Customers Seek Final OK For $10M Deal With Silvergate
Customers of failed crypto exchange FTX asked a California federal judge to give final approval to a $10 million settlement resolving claims that Silvergate Bank and its parent company enabled the multibillion-dollar FTX fraud, saying the deal represents the best, and likely only, meaningful recovery available from the now-bankrupt lender.
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December 09, 2025
Pine Gate Secures $1.6B Ch. 11 Financing Amid Creditor Deals
A Texas bankruptcy judge said Tuesday he would give final approval to more than $1.6 billion of Chapter 11 funding for solar energy developer Pine Gate Renewables, after the debtor reached several settlements with key creditors.
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December 09, 2025
Post-COVID Slump Put American Signature Furniture In Ch. 11
A post-pandemic sales slump, compounded by a weak housing market, high interest rates, tariffs and rising inflation, led home furnishing retailer American Signature Furniture Inc. to file for Chapter 11 protection.
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December 09, 2025
Expert Invoices Discoverable In J&J Talc MDL, Judge Says
A New Jersey federal judge said Monday that the plaintiffs steering committee can receive invoices for Johnson & Johnson's experts' work relating to multidistrict litigation alleging the use of talcum powder caused ovarian cancer and mesothelioma, but only after it produces its own expert invoices.
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December 09, 2025
US, UK Duo Named Cadwalader Restructuring Chairs
Cadwalader Wickersham & Taft LLP announced Tuesday that it has named a pair of experienced partners based in London and in New York and Washington, D.C., to lead the firm's financial restructuring practice.
Expert Analysis
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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.
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Perfecting Security Interests In Renewable Energy Tax Credits
The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.
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We Must Allow Judges To Use Their Independent Judgment
As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.
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Performing Stand-Up Comedy Makes Me A Better Lawyer
Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances and my legal career has demonstrated that the keys to success in both endeavors include reading the room, landing the right timing and making an impact, says attorney Rebecca Palmer.
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3 Del. Bankruptcy Cases Highlight US Trustee Objections
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.
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Adapting To Private Practice: From SEC To BigLaw
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.
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4 Ways Women Attorneys Can Build A Legal Legacy
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.
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A Judge's Pointers For Adding Spice To Dry Legal Writing
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.
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Lessons Learned From SAS' Flight Through Chapter 11
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.
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Bankruptcy Ruling Provides Guidance On 363 Asset Sales
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.
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7 Tips For Associates To Thrive In Hybrid Work Environments
Excerpt from Practical Guidance
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.
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Playing Beach Volleyball Makes Me A Better Lawyer
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.