Large Cap

  • September 03, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    Former Spirit employees' unions opposed the sale of the airline's business data to Google for AI training. Malibu mansion builders sought approval to sell two properties for $110 million. Danskammer Energy opposed an NYISO bid to set off funds against its alleged debt. The owner of a defunct boarding school in Pennsylvania faced a bid to dismiss its second Chapter 11 case.

  • September 03, 2026

    O'Melveny Lands Cleary Restructuring Partner In NY

    O'Melveny & Myers LLP has hired a corporate restructuring lawyer from Cleary Gottlieb Steen & Hamilton LLP as a partner in its bankruptcy and restructuring practice in New York.

  • September 02, 2026

    Trading Firm To Seek Justices' Input On Arbitration Questions

    The Seventh Circuit said Wednesday that it will wait to make its arbitration rejection official so a Chicago trading firm can ask the U.S. Supreme Court to determine whether it was correctly ordered to litigate proposed class securities manipulation accusations.

  • September 02, 2026

    Avaya Execs Beat Investor Suit Over Failed Tech Transition

    A New York federal court has dismissed a shareholder lawsuit against two former Avaya Holdings Corp. executives, who were accused of misleading investors about the success of the North Carolina-based company's transition from a telecom to a technology firm prior to its bankruptcy filing, finding all challenged statements were forward-looking or inactionable.

  • September 02, 2026

    Ex-Genesis Team Denies Using Trade Secrets To Compete

    Former executives for a subsidiary of bankrupt nursing home chain Genesis Healthcare have told a Texas bankruptcy judge they didn't steal trade secrets to start a new business, accusing their former employer of trying to quash a competitor in the courts.

  • September 02, 2026

    Chicken Soup Ex-CEO Can't Dodge Redbox Clawback Suit

    A Delaware bankruptcy judge on Wednesday allowed a clawback adversary suit to proceed against the former CEO of Chicken Soup for the Soul Entertainment Inc., who, according to the Chapter 7 trustee in the case, used the company as his 'personal piggybank.'

  • September 02, 2026

    IT Group TPx Confirms Ch. 11 Plan Cutting $1B From Books

    A Texas bankruptcy judge on Wednesday approved information technology services provider TPx Communications' Chapter 11 plan that will see it emerge from bankruptcy with a $1 billion lighter balance sheet.

  • September 02, 2026

    Meet The Attys Helping Chem Co. Braskem In Ch. 11

    Brazilian-Mexican petrochemical company Braskem Idesa SAPI has tapped a team of attorneys from Hunton Andrews Kurth LLP and Cleary Gottlieb Steen & Hamilton LLP to guide its pre-negotiated Chapter 11 plan to trade debt for equity.

  • September 02, 2026

    Linqto Founder Engineered $450M 'Pre-IPO' Fraud, Feds Say

    The founder of Linqto, a bankrupt platform that allows investors to buy shares before their initial public offerings, was arrested in California Wednesday and charged in New York federal court with a $450 million price markup scheme.

  • September 01, 2026

    High Court Should Skip Ruby Tuesday Benefits Suit, SG Says

    The U.S. solicitor general has urged the Supreme Court to decline to consider a suit from former Ruby Tuesday executives alleging Regions Bank inadequately protected their retirement plan benefits that were liquidated in bankruptcy, saying the "idiosyncratic" nature of the dispute makes it a poor candidate for high court review.

  • September 01, 2026

    Catching Up With New Bankruptcy Case Action

    A winery in California's Napa Valley struggling to recover from wildfires hit Chapter 11. A vertical farming startup whose products were distributed by a dozen supermarket chains was forced to liquidate. And a military contractor foundered after losing a crucial government agency as a client.

  • September 01, 2026

    Ex-CEO Of Bankrupt Diamond Co. Hit With SEC Allegations

    The U.S. Securities and Exchange Commission has sued Mordechai Haim Ferder, the ex-CEO of bankrupt Lugano Diamonds & Jewelry Inc., and his wife to recover more than $17.7 million they allegedly reaped through a fraudulent diamond investment scheme via trusts they controlled.

  • September 01, 2026

    Defense Contractor Says Lenders Want Quick End To Ch. 11

    Noble Supply & Logistics on Tuesday told a Delaware bankruptcy judge that its lenders have given it 75 days to wrap up its Chapter 11 case in exchange for allowing the defense contractor to use their collateral to fund its efforts to settle disputes with the government and find an asset buyer.

  • September 01, 2026

    First Brands Objectors File Alternative Ch. 7 Conversion Order

    A group of affiliates of Evolution Credit Partners filed their own version of a Chapter 7 conversion order in the bankruptcy case of First Brands Group, saying the debtor's proposal does not preserve any rights to disputed collateral and assumes the payment of the debtor's professional fees.

  • September 01, 2026

    Judge Backs Carlton Fields' Bid To Seek Miss America Fees

    A Florida federal magistrate judge on Tuesday recommended allowing Carlton Fields PA to intervene in a $500 million dispute over the ownership of the Miss America competition, one day after the company's CEO filed a new suit against its former counsel.

  • September 01, 2026

    Ex-Judge To Guide Fund Wind-Down In Elliott-Stronghold Row

    A Delaware vice chancellor has appointed former U.S. Bankruptcy Judge Christopher S. Sontchi as a special magistrate to oversee the wind-down of an oil and gas investment fund at the center of litigation between Elliott Investment Management LP and Stronghold Resource Partners.

  • September 01, 2026

    Fla. Bar Seeks Protective Order Against Suspended Atty

    The Florida Bar has asked the state's highest court for a protective order to "substantially" limit a suspended lawyer's "unduly burdensome" and "excessive" initial request for production of documents in a protracted disciplinary proceeding.

  • September 01, 2026

    Judge OKs Liquidation Plan For Nicklaus-Founded Golf Co.

    A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 plan for a golf merchandise and course design company founded by legend Jack Nicklaus after hearing there was no opposition to how the plan will split up the company's remaining assets.

  • August 31, 2026

    TelePacific Accuses Software Co. Of Ch. 11 Stay Violations

    Bankrupt telecommunications company U.S. TelePacific Corp. sued software service provider Arista Networks Inc., accusing Arista of withholding tech support to force the debtor to switch from a contractual services model to a subscription model, despite having received millions of dollars in contract payments.

  • August 31, 2026

    Salad And Go Auction OK'd, Camp Mystic Seeks Trustee

    Salad and Go won approval to auction about 130 leases, Camp Mystic families said they plan to seek a trustee to oversee the bankruptcy case. Insurance holding firm Hallmark Financial Services won confirmation of its Chapter 11 plan, and GoldenPeaks Poland secured approval to liquidate after an asset sale. 

  • August 31, 2026

    Genesis Says $150M Deal Sets Up Chapter 11 Exit

    Nursing home operator Genesis Healthcare sought emergency approval of a settlement that would bring in $150 million, eliminate almost $431 million in claims and secure creditors' support for a plan to exit its Texas Chapter 11.

  • August 31, 2026

    Alcohol Distributor Strikes Creditor Deal On $75M DIP

    A Texas bankruptcy judge Monday gave final approval to Republic National Distributing's $75 million in Chapter 11 financing after being told the alcohol distributor had reached a deal with creditors to increase their recovery and postpone the end of the case.

  • August 31, 2026

    Judge Says Risky Investments Wipe SVB's $1.7B FDIC Claim

    A California federal judge has ruled that a $1.7 billion claim by the parent of the failed Silicon Valley Bank against the Federal Deposit Insurance Corp. is more than offset by the more than $5 billion the parent's reckless investment strategy cost the bank.

  • August 31, 2026

    Buffalo Diocese Gets OK To Solicit Ch. 11 Plan Votes

    A New York bankruptcy judge gave the Diocese of Buffalo permission to take its proposed Chapter 11 plan before creditors for a vote, after previously sending the debtor back to the drawing board over opt-outs in the plan.

  • August 31, 2026

    Buchanan Adds Shareholder In NJ From Offit Kurman

    Buchanan Ingersoll & Rooney PC has added an attorney to its Princeton, New Jersey, office from Offit Kurman to help bolster its capacity to handle bankruptcy and creditors' rights matters.

Expert Analysis

  • Bar Exam Reform Must Expand Beyond A Single Updated Test

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    Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.

  • Asbestos Trusts And Tort Litigation Are Still Not Aligned

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    A recent ruling by a New York state court in James Petro v. Aerco International highlights the inefficiencies that still exist in asbestos litigation — especially regarding the continued lack of coordination between the asbestos tort system and the well-funded asbestos trust compensation system, says Peter Kelso at Roux.

  • The Legal Education Status Quo Is No Longer Tenable

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    As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.

  • E-Discovery Quarterly: Rulings On Relevance Redactions

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    In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.

  • Section 1983 Has Promise After End Of Nationwide Injunctions

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    After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.

  • Law School's Missed Lessons: Learning From Failure

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    While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.

  • Law School's Missed Lessons: Skillful Persuasion

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    In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.

  • Special Committees Gain Traction In Chapter 11 Investigations

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    Tara Pakrouh at Morris James discusses why special committees are becoming more common in Chapter 11 bankruptcies, how they've been used in real cases and what makes them effective.

  • Law School's Missed Lessons: Navigating Client Trauma

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    Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.

  • 4 Former Justices Would Likely Frown On Litigation Funding

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    As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • Playing The Violin Makes Me A Better Lawyer

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    Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.

  • Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

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