Large Cap

  • September 25, 2026

    Braskem Idesa Gets OK On Ch. 11 Plan Cutting $900M In Debt

    A Texas bankruptcy judge has approved petrochemical company Braskem Idesa's Chapter 11 plan, which the debtor said will trim more than $900 million of debt and preserve hundreds of jobs.

  • September 25, 2026

    Linklaters Atty Is Latest Add To O'Melveny Bankruptcy Team

    O'Melveny said Thursday that it has added another attorney to its bankruptcy and restructuring team in New York — a former Linklaters LLP partner who the firm said enhances its creditor-side and special situations capabilities.

  • September 25, 2026

    NextEra's $9.5M Deal In Wage-Fixing Case Gets Initial OK

    A Maryland federal judge gave preliminary approval to a settlement agreement that would see NextEra Energy pay $9.5 million to resolve class action allegations it conspired with other nuclear energy producers to fix worker wages.

  • September 25, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamation claim against the company, and property investment group Hunter Jones hit by a claim from the Financial Conduct Authority. 

  • September 25, 2026

    Brightline Florida To Continue Operating While In Ch. 11

    Florida's Brightline rail service will continue operating during the Chapter 11 cases of its parent entities, as they pursue a restructuring of more than $1 billion of bond debt with the support of its creditors.

  • September 24, 2026

    Ex-Tricolor CEO Says Feds Botched Warrants In Fraud Case

    The former CEO of Tricolor Holdings on Thursday urged a Manhattan federal judge to bar any evidence seized from searches of his communications from being used to support accusations that he deceived lenders and investors about the subprime auto lender's assets before it crashed into bankruptcy with $1 billion in debt, saying federal agents ran roughshod over the Fourth Amendment.

  • September 24, 2026

    Summer Camp Co. Says $19M Lien Targets Wrong Ch. 11 Case

    Summer camp company SIMAD Holdings asked a New Jersey bankruptcy judge Thursday to nix a roughly $18.7 million claim lodged by a New York-based credit union, saying the relevant lien has to do with property in a different bankruptcy.

  • September 24, 2026

    Sears Ex-CEO Strikes $4.75M Deal To End Bankruptcy Suits

    The former CEO of Sears Holdings Corp., Edward S. "Eddie" Lampert, has reached a settlement with the Chapter 7 trustee liquidating Sears Hometown Stores Inc., a remnant of the former retail giant, that puts to rest litigation over the fall of the company.

  • September 24, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    A trustee in Rite Aid's bankruptcy is appealing the judge's ruling regarding antitrust claims, a New York judge denied installation of a Chapter 11 trustee in a SoHo building owner's case, and the Chapter 7 trustee for a bankrupt television network asked a judge to find the company's president is still in contempt of an order to turn over its film library.

  • September 24, 2026

    Lugano Diamonds Gets Official OK For Ch. 11 Liquidation Plan

    A Delaware bankruptcy judge Thursday confirmed Lugano Diamonds' Chapter 11 liquidation plan, after the jewelry house finalized a deal with its former CEO.

  • September 24, 2026

    DOJ Appellate Vet Tapped As NYC Bankruptcy Judge

    The U.S. Court of Appeals for the Second Circuit has appointed a 24-year veteran of the U.S. Attorney's Office for the Southern District of New York to serve as a bankruptcy judge for that same jurisdiction, ahead of the retirement of U.S. Bankruptcy Judge Martin Glenn at the end of the month.

  • September 24, 2026

    1st Circ. Rejects Puerto Rico Bondholders' $8.5B Claim

    The First Circuit has upheld a ruling barring Puerto Rico electric utility bondholders from asserting an $8.5 billion claim against the island's government under its own restructuring plan.

  • September 23, 2026

    Conn. Panel Seeks Info On Intervenor Standing In Setoff Case

    A Connecticut appellate court has asked for more information about whether intervenors challenging caps that could cut millions of dollars of benefits in a state-managed rehabilitation of PHL Variable Insurance Co. are actual policyholders who have standing to be involved in an appeal.

  • September 23, 2026

    2nd Circ. Hints $7.25M Mansion Sale Stands In Guo's Ch. 11

    Second Circuit judges poked holes Wednesday in the claim that the wife of a bankrupt Chinese billionaire was in charge of a company that owned a contested $7.25 million Connecticut mansion, eliciting a concession from her attorney that there is evidence her husband was actually calling the shots.

  • September 23, 2026

    Culligan Investors Say Purdue Bars Bermuda Deal In Ch. 15

    The liquidators of Culligan Ltd., a now-defunct affiliate of the global water treatment brand, asked a New York bankruptcy judge to recognize a Bermuda settlement ending a 14-year "nuisance" derivative shareholder lawsuit, while the plaintiffs in the suit argued the settlement violates the U.S. Supreme Court's Purdue Pharma decision barring nonconsensual releases.

  • September 23, 2026

    Buffalo Diocese Seeks Approval On $177M Deal With Insurers

    The Roman Catholic Diocese of Buffalo has told a New York bankruptcy judge that it has reached a nearly $177 million settlement with its insurance carriers, raising the funds available for the sexual abuse settlement trust in its Chapter 11 plan to nearly $327 million.

  • September 23, 2026

    Spirit Airlines Gets OK To Sell 27 Planes For $668M In Ch. 11

    Spirit Airlines on Wednesday secured a New York bankruptcy judge's approval to sell 27 airplanes to two buyers for a combined $668 million.

  • September 23, 2026

    BigLaw Expands Hybrid Capital Ranks Amid Uncertain Times

    BigLaw firms are jockeying to build out "hybrid capital" practices as their private equity and private credit clients flock to the newly in-demand investment strategy to navigate economic and geopolitical uncertainty.

  • September 23, 2026

    Judge OKs Deal Slashing $303M Claims In Mallinckrodt Ch. 11

    A Delaware bankruptcy judge gave the all clear for a settlement hammered out between drugmaker Mallinckrodt's unsecured creditors' trustee and aggrieved securityholders of another entity, shrinking claims that had been asserted at $303 million.

  • September 23, 2026

    Genesis Healthcare Reports Last-Minute Facility Sale Snags

    Genesis Healthcare and the winning bidder for its 175 nursing homes told a Texas bankruptcy judge Wednesday they have fallen into a disagreement over $100 million of the $1 billion purchase price with the deadline to close the sale a week away.

  • September 22, 2026

    Catching Up With New Bankruptcy Case Action

    Two restaurant chains hit bankruptcy, saying they were casualties of an erratic economy. A hospice care provider and an operator of mental health facilities filed for bankruptcy protection. And a real estate developer entered bankruptcy court after a dispute involving tribal law.

  • September 22, 2026

    Lender's $8.1M In Losses Were 'Self-Inflicted,' 11th Circ. Told

    The former CEO of a lender that financed independent insurance marketers has urged the Eleventh Circuit to reverse an $8.1 million trial judgment for breaching his work terms, arguing that the damages sustained by his previous employer were "self-inflicted." 

  • September 22, 2026

    Ex-Nuclear Power Workers Ask To Amend Wage-Fixing Suit

    Former nuclear plant workers are asking a Maryland federal court to let them refile a proposed class action, saying they have new, direct evidence that companies worked together to fix wages in the nuclear energy industry.

  • September 22, 2026

    Inspired Healthcare Seeks OK For $713M Asset Sale

    Inspired Healthcare on Tuesday asked a Texas bankruptcy judge to approve the sale of 30 of its senior living communities but to leave for later the question of how the $713 million in proceeds will be split among its creditors.

  • September 22, 2026

    Pachulski Stang Names NY Leader As 1st Firm Chair

    Bankruptcy and restructuring boutique Pachulski Stang Ziehl & Jones LLP announced Tuesday it has named its first firm chair, as one of its co-founder steps away from day-to-day management and the firm looks to transition to its next generation.

Expert Analysis

  • How Bankruptcy Law Caps Landlords' Rejected Lease Claims

    Author Photo

    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.

  • Ruling Puts 11th Circ. At Odds With Bankruptcy Courts

    Author Photo

    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.

  • Law School's Missed Lessons: How To Make A Deal

    Author Photo

    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.

  • What 2 Profs Noticed As Transactional Law Students Used AI

    Author Photo

    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.

  • Law School's Missed Lessons: Negotiation Skills

    Author Photo

    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.

  • Bar Exam Reform Must Expand Beyond A Single Updated Test

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Excerpt from Practical Guidance
    Author Photo

    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.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Large Cap archive.