Mid Cap
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October 30, 2025
Asbestos Corp. Gets Ch. 15 Nod Over Claimants' Concerns
A New York bankruptcy judge granted Chapter 15 recognition for Asbestos Corp. Ltd.'s Canadian restructuring over the objection of personal injury claimants and a Chapter 7 trustee, finding that the corporation's business activity in Canada outweighs its management of litigation in the U.S.
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October 30, 2025
No Sanctions Over 'Immature' Atty Emails In Job.com Ch. 11
A Delaware bankruptcy judge Thursday declined to sanction an attorney from Morris James LLP in the bankruptcy case of Job.com, saying she disapproved of the tone of emails between the attorney and a pro se creditor but did not find it warranted sanctions.
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October 29, 2025
Judge Says He Will End Oakland Diocese Ch. 11 By Nov. 12
A California bankruptcy judge said Wednesday he will grant a request by the Roman Catholic Diocese of Oakland to bow out of a Chapter 11 case it started two years ago by mid-November, but rejected calls from creditors to rule the bankruptcy had been filed in bad faith.
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October 29, 2025
Midas Loses Patent Infringement Claim In Rhodium Ch. 11
A Texas bankruptcy judge nixed $12.3 million in claims asserted by data center cooling technology firm Midas Green Technologies against bitcoin miner Rhodium in the latter's Chapter 11, saying the claimant had failed to defend its demand for damages based on patent infringement.
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October 29, 2025
Energy Co. Asks 3rd Circ. To Undo Union Arbitration Ruling
A nuclear power plant operator told a Third Circuit panel Wednesday that a healthcare plan dispute with union workers should not be considered arbitrable because it stemmed from an old agreement that fell outside the collective bargaining agreement's arbitration provision.
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October 29, 2025
Wind Co. Says Judge Lopez Doesn't Need To Recuse
Bankrupt wind company TPI Composites Inc. has requested that U.S. Bankruptcy Judge Chris Lopez should continue to oversee its case, saying that he does not need to recuse himself just because he previously worked for the law firm that's representing the debtor.
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October 29, 2025
Catching Up With New Bankruptcy Case Action
A Las Vegas arcade is seeking Chapter 11 protection in Nevada bankruptcy court. Two companies tied to the former Hudson Hotel near Manhattan's Columbus Circle filed for bankruptcy in Delaware. And a subprime auto loan company launched insolvency proceedings in Texas.
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October 29, 2025
The Retail Property Sector Is Shedding Its Old Skin
The recent spate of big-box stores going bankrupt is a sign the sector is changing for the better and not cause for alarm for retail property investors and owners, attorneys and market experts told Law360 Real Estate Authority.
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October 28, 2025
Dr. Phil Media Co. Bankruptcy Converted To Ch. 7
A Texas bankruptcy judge converted the bankruptcy of Merit Street Media to a Chapter 7 liquidation Tuesday, saying an independent trustee was needed to wade through issues surrounding the destruction of the relationship between talk show host Dr. Phil McGraw and Christian network Trinity Broadcasting.
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October 28, 2025
Unsecured Creditors Blast Mountain Sports' Ch. 11 Plan
A pair of unsecured creditors of sports retailer Mountain Sports have asked a Delaware bankruptcy judge to reject the company's Chapter 11 plan disclosure, saying the plan attempts to split their claims into a separate creditor class to undermine their power in a vote on the plan.
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October 28, 2025
Publishers Clearing House Creditors To Vote On Ch. 11 Plan
The estate of sweepstakes business Publishers Clearing House can seek votes on its Chapter 11 plan of liquidation, a New York bankruptcy judge said Tuesday, following the sale earlier this year of the debtor's business.
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October 28, 2025
Pages From Bankruptcy History: Chapter 15's Origins
Chapter 15 of the Bankruptcy Code, which allows U.S. courts to recognize foreign bankruptcies, turns 20 years old this year, an anniversary that marks how far the courts have come since replacing a makeshift jumble of laws with a streamlined system.
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October 28, 2025
Exactech Gets Another $19M In DIP Funds Ahead Of Sale
Joint implant maker Exactech Inc. received a Delaware bankruptcy judge's permission Tuesday to borrow an additional $19.1 million in its Chapter 11 case as the company works to complete an asset sale by the end of the week.
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October 28, 2025
Jackson Walker Atty Romance Deal Blasted As 'Collusion'
A proposed settlement between Jackson Walker LLP and defunct life insurance bond seller GWG Holdings Inc. over a former Jackson Walker partner's secret romance with an ex-bankruptcy judge should be rejected because the deal "smacks of collusion," according to a recent objection.
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October 28, 2025
Meet The Attys Helping Cos. Tied To Hudson Hotel In Ch. 11
Two companies affiliated with the former Hudson Hotel near Manhattan's Columbus Circle have hired attorneys from DLA Piper LLP to guide them through a Chapter 11 bankruptcy after they filed with between $100 million and $500 million each in both assets and liabilities.
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October 27, 2025
Investors Accuse Colo. Distillery Owner Of $850K Fraud
A group of investors has sued the owner of a Colorado distillery in federal court, alleging he induced them to inject nearly $850,000 into his business by making fraudulent misrepresentations about it, and that the underlying distillery business was a Ponzi scheme.
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October 27, 2025
Chancery Lets J&J, Dow Fight To Save Asbestos Data
The Delaware Chancery Court has refused to toss a suit by Johnson & Johnson, Dow Chemical and other major asbestos-defendant companies that are seeking to block a set of bankruptcy trusts from destroying decades of exposure data.
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October 27, 2025
Dolphin Co. Can Sell Closed Park For $4.5M In Ch. 11
Dolphin experience park owner Leisure Investments Holdings LLC received a Delaware bankruptcy judge's approval Monday for a more than $4.5 million sale of a Panama City Beach, Florida, park that is no longer operational, while the court adjourned other asset sales in the case to deal with bidding process issues.
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October 27, 2025
Texas Aviation Biz Files Ch. 11 In Wake Of Contract Suit
Aviation business GAI Air has filed for Chapter 11 protection in Texas bankruptcy court with more than $6.5 million in debt, blaming a nearly $2.8 million state court judgment stemming from a failed joint venture.
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October 27, 2025
Willkie Taps Longtime Kirkland Atty To Lead Restructuring
Willkie Farr & Gallagher LLP has added a restructuring attorney who was previously with Kirkland & Ellis LLP as a partner and as chair of its restructuring group, the firm announced Monday.
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October 27, 2025
Purdue Defends Ch. 11 Plan, Heritage Coal's Gets OK'd
Pharmaceutical titan Purdue Pharma hailed support for its proposed bankruptcy plan and fought an objection from the city of Baltimore, Heritage Coal got its Chapter 11 plan approved, and a Texas bankruptcy judge granted LifeScan's conditional approval. This is the week in bankruptcy.
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October 24, 2025
Gordon Rees 'Profoundly Embarrassed' By Atty's AI Mistakes
Gordon Rees Scully Mansukhani LLC has apologized to an Alabama bankruptcy court for a filing submitted by one of its lawyers that contained mistakes it blamed on artificial intelligence, saying it's "profoundly embarrassed" by the incident and will accept whatever sanctions end up being issued.
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October 24, 2025
What's Happening In Bankruptcy Court This Coming Week
Silvergate will seek to confirm its Chapter 11 plan, insurers will petition for a stay of Avon's plan confirmation pending their appeal of one aspect of it, and investment platform Linqto is pursuing an extension on its sole right to file a Chapter 11 plan.
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October 24, 2025
PrimaLend's Ch. 11 Funding OK'd Over Noteholder Pushback
PrimaLend Capital Partners LP, a lender to auto dealerships, received interim approval for $16 million of Chapter 11 financing from its senior secured lenders after a Texas bankruptcy judge overruled an objection from an ad hoc group of unsecured noteholders who accused the debtors of shielding their parent company.
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October 24, 2025
Singapore Crypto Co. Seeks Ch. 15 Recognition In NY
The liquidators of a Singapore blockchain business asked a New York bankruptcy court for Chapter 15 recognition of its insolvency, saying it needs to pause a New York State court fight over $63 million in stolen cryptocurrency.
Expert Analysis
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8 Lessons Yellow Corp. Layoffs Can Teach Distressed Cos.
A Delaware bankruptcy court’s recent decision, examining trucking company Yellow Corp.’s abrupt termination of roughly 25,500 employees, offers financially distressed businesses a road map for navigating layoffs under the Worker Adjustment and Retraining Notification Act, say attorneys at King & Spalding.
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Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.
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Coaching Little League Makes Me A Better Lawyer
While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Playing Rugby Makes Me A Better Lawyer
My experience playing rugby, including a near-fatal accident, has influenced my legal practice on a professional, organizational and personal level by showing me the importance of maintaining empathy, fostering team empowerment and embracing the art of preparation, says James Gillenwater at Greenberg Traurig.
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No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
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5 E-Discovery Predictions For 2025 And Beyond
In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.
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7 Ways 2nd Trump Administration May Affect Partner Hiring
President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.
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E-Discovery Quarterly: Rulings On Custodian Selection
Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.
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Exercising On My Peloton Bike Makes Me A Better Lawyer
While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.
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3 Factors Affecting Retail M&A Deals In 2025
Retailers considering mergers and acquisitions this year face an evolving antitrust environment, including a new administration under President-elect Donald Trump, revised merger guidelines and a precedent set last year by a canceled $8.5 billion handbag merger, say attorneys at DLA Piper.
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.