Large Cap

  • September 22, 2025

    Ligado OK'd For $7.8B Debt-For-Equity Swap Ch. 11 Plan

    A Delaware bankruptcy judge Monday agreed to approve telecommunications group Ligado Networks' debt-for-equity swap Chapter 11 plan, overruling the U.S. Trustee's objection over the plan potentially not taking effect for three years.

  • September 22, 2025

    Judge Says He's Ready To OK Avon's Ch. 11 Plan

    A Delaware bankruptcy judge Monday said he was prepared to accept a revised proposed Chapter 11 plan for cosmetics giant Avon with a few more changes, largely rejecting new wording proposed by objecting insurers.

  • September 22, 2025

    Feds Oppose Chinese Exile Guo's Bid To Take Ch. 11 Assets

    Federal prosecutors in the Southern District of New York have opposed convicted securities fraudster and bankrupt Chinese exile Miles Guo's bid to force the government to take control of assets from his own Connecticut-based Chapter 11 trustee to satisfy a $1.3 billion criminal forfeiture order.

  • September 22, 2025

    Puerto Rico Finance Board Members Sue Trump Over Firings

    Three former members of the Financial Oversight and Management Board for Puerto Rico have sued the Trump administration alleging they were illegally fired without cause last month, asking a judge to block the "unlawful and unconstitutional" action.

  • September 22, 2025

    Rite Aid Can Seek Plan Votes, Purdue CEO Bonus Approved

    A New Jersey bankruptcy judge gave Rite Aid the go-ahead to solicit Chapter 11 plan votes. A New York bankruptcy judge gave permission for Purdue Pharma to offer its chief executive a nearly $3 million incentive package. And a Delaware judge approved fiber network developer Tilson Technology Management Inc.'s asset sale to ITG Communications LLC.

  • September 22, 2025

    Girardi Loses Bid To Avoid Prison During Appeal

    Disgraced attorney Tom Girardi will have to wait in prison while he appeals his wire fraud conviction for stealing from his own clients, a California federal judge has ruled.

  • September 22, 2025

    CVS's Omnicare Hits Ch. 11 After $949M FCA Judgment

    Omnicare LLC, CVS Health's subsidiary that provides pharmacy services for long-term care facilities, filed for Chapter 11 bankruptcy relief Monday in Texas following a $949 million judgment against Omnicare and CVS issued by a New York federal judge earlier this year.

  • September 22, 2025

    Crime-Fraud Exemption Applies To Eletson Docs, Judge Says

    Reed Smith LLP has until the end of the day on Monday to turn over a dozen client files related to its prior representation of shipping company Eletson Holdings amid a dispute with rival Levona, after a Manhattan federal judge found probable cause that a fraud was committed in an underlying arbitration.

  • September 19, 2025

    Big Lots Creditors Reach Deal On Exec Claims

    Retail chain Big Lots and its unsecured creditors committee have asked the Delaware bankruptcy court to approve a $6.5 million settlement of claims alleging the company's board bungled a going-concern sale last year, in addition to other breaches of fiduciary duty. 

  • September 19, 2025

    Bankruptcy Firm Fined, Banned For 3 Years Over Disclosures

    A Michigan bankruptcy judge has hit Recovery Law Group, a national consumer bankruptcy law firm, with a fine of about $392,000 and a three-year ban on bringing insolvency cases in the Eastern District of Michigan, finding it violated fee disclosure requirements in 220 cases.

  • September 19, 2025

    FTX Trust Says Bankruptcy Laws Apply To Binance Founder

    The recovery trust created by the Chapter 11 plan of cryptocurrency exchange FTX told a Delaware judge late Thursday that the bankruptcy court has jurisdiction over Binance and its founder in a $1.76 billion clawback suit, and that bankruptcy laws apply to entities outside the United States.

  • September 19, 2025

    Calif. Cheesemaker Can Get Ch. 11 Financing From Owners

    A California bankruptcy judge gave Rizo-Lopez Foods initial permission Friday to draw on Chapter 11 financing provided by brothers who own the business, allowing its cheesemaking operations to continue as the company deals with the fallout from a contaminated cheese recall last year.

  • September 19, 2025

    Co. Tied To Lehman Ex-Restructuring Chief Faces Loan Suit

    A holding company linked to Lehman Brothers' post-2008 era restructuring professional defaulted on a commercial loan secured by a large office building and now owes a reinsurer about $19.5 million, according to a lawsuit brought in North Carolina's business court.

  • September 19, 2025

    What's Happening In Bankruptcy Court This Coming Week

    Desktop Metal, Ligado Networks and Bar Louie are seeking authorization of their Chapter 11 plans; Party City will ask for permission to use cash collateral in its bankruptcy case; and bowling chain Pinstripes will request approval of bidding procedures for an asset sale. These are some of the noteworthy hearings scheduled for next week.

  • September 19, 2025

    MMA Law Inks Deals With Firms, Insurance Group

    A Texas bankruptcy judge has signed off on a series of settlements worth $2.6 million to resolve claims brought by bankrupt MMA Law that other law firms and parties were holding back money it was owed for representing Louisiana hurricane victims.

  • September 19, 2025

    Polsinelli Adds ArentFox Schiff Bankruptcy Pro In NY

    Polsinelli PC has expanded its bankruptcy team in New York with the addition of an attorney from ArentFox Schiff LLP.

  • September 19, 2025

    Rite Aid Gets OK To Seek Votes On Dual-Track Ch. 11 Plan

    A New Jersey bankruptcy judge on Friday approved drugstore chain Rite Aid's bid to take votes on a Chapter 11 plan as the debtor weighs whether to complete a deal with McKesson Corp. or formally seek to dismiss its bankruptcy case.

  • September 18, 2025

    Prospect Medical Says It May Drop Stay On Tort Cases

    Counsel for Prospect Medical Holdings on Thursday told a Texas bankruptcy judge that talks to establish a procedure for handling tort claims in the hospital operator's Chapter 11 case have deadlocked, and it's prepared to let hundreds of tort claimants go back to the courthouse.

  • September 18, 2025

    Firms Look To Drop Shareholder Client Sapien In Linqto Ch. 11

    Lawyers for Sapien Group, a shareholder that has taken an active role in investment platform Linqto's Chapter 11 in Texas, have asked to withdraw from the case — saying their client has not paid outstanding legal bills.

  • September 18, 2025

    Natixis Seeks Privacy Monitor For Madoff Document Handover

    French investment manager Natixis wants a court-ordered international privacy monitor to oversee its transfer of discovery materials to the trustee administering the bankruptcy estate of Bernard Madoff in the trustee's $214 million clawback lawsuit against it.

  • September 18, 2025

    Office Snapshot: Morris James Enters New Era With HQ Move

    Delaware firm Morris James LLP on Thursday celebrated its move to a new headquarters in a 12-story building in north Wilmington, a relocation that firm leaders said is aimed at best meeting attorney and client needs and practicing law in a modernized setting.

  • September 18, 2025

    Insurance Litigation Week In Review

    A Delaware state court found that Frontier Communications was entitled to a defense against copyright infringement claims, a split Ninth Circuit panel backed certification denial for a proposed class of Progressive policyholders, and the Second Circuit heard arguments in a firearms retailer's bid for coverage of ghost gun suits. Here, Law360 takes a look at the past week's top insurance news.

  • September 18, 2025

    Meet The Attys For Subprime Lender Tricolor, Ch. 7 Trustee

    Tricolor Holdings, a company that provides car loans to low-income buyers, has tapped a lawyer from Sidley Austin LLP for its bankruptcy and the Chapter 7 trustee has assembled a team from McDermott Will & Schulte LLP as the debtor liquidates under pressure from more than $1 billion in debt.

  • September 18, 2025

    Bonds Valid Under Venezuelan Law, Judge Rules In $2B Case

    A New York federal judge on Thursday denied a bid by Venezuela's state-owned oil company to refuse enforcement of some $2 billion in defaulted bonds, finding after an "exhaustive review of Venezuelan law" that the bonds were validly issued.

  • September 17, 2025

    Winston & Strawn Blamed For 'Anti-Woke' Fintech $1.7B Crash

    The trustee of bankrupt "anti-woke" financial technology startup GloriFi on Wednesday launched malpractice litigation against Winston & Strawn LLP in Texas bankruptcy court, accusing the firm and one of its managing partners of putting the interests of the company's founder first and costing the business $1.7 billion in valuation.

Expert Analysis

  • Terraform Case May Be Bellwether For Crypto Enforcement

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    The prosecution of crypto company Terraform Labs and its CEO, Do Kwon, offers a unique test of the line between lawful and unlawful conduct in digital transactions, and the Trump administration’s posture toward the case will provide clues about its cryptocurrency enforcement agenda in the years to come, say attorneys at Brooks Pierce.

  • How Law Firms Can Counteract The Loneliness Epidemic

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    The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.

  • 5 Keys To Building Stronger Attorney-Client Relationships

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    Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.

  • How Courts Can Filter Nonmeritorious Claims In Mass Torts

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    Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University.

  • Racing Corvettes Makes Me A Better Lawyer

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    The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.

  • Attorneys Must Act Now To Protect Judicial Independence

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    Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • How Design Thinking Can Help Lawyers Find Purpose In Work

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    Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.

  • Competitive Weightlifting Makes Me A Better Lawyer

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    The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.

  • Serta Ruling Further Narrows Equitable Mootness In 5th Circ.

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    The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.

  • Inconsistent Injury-In-Fact Rules Hinder Federal Practice

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    A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.

  • In-House Counsel Pointers For Preserving Atty-Client Privilege

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    Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.

  • Collecting Rare Books Makes Me A Better Lawyer

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    My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.

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