Mid Cap
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December 01, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court saw a slate of corporate law clashes this past week, from fast-moving injunction fights in consumer product and real estate markets to multibillion-dollar oversight claims against crypto executives and fresh battles over control for two sports teams.
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November 26, 2025
Under The Radar: Bankruptcy News You May Have Missed
Pinstripes, a restaurant and bowling alley chain, obtained permission to transition its bankruptcy into a Chapter 7 proceeding. A trustee overseeing equity assets from Rite Aid's last Chapter 11 got the all-clear to wind the trust down. And a Connecticut federal judge rejected an appeal from a law firm targeted by the Chapter 11 trustee for a Chinese exile and convicted fraudster.
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November 26, 2025
What's Happening In Bankruptcy Court This Coming Week
On the heels of the Thanksgiving holiday weekend, bankruptcy judges will consider debtor-in-possession financing requests from hospital operator Prospect Medical and Office Properties Income Trust, bidding procedures for the sale of pharmacy business Omnicare's assets, and a disclosure statement from mortgage service provider AmeriFirst Financial.
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November 26, 2025
Lenders Say Their Liens Are Senior In Dolphin Co. Ch. 11 Row
A group of secured lenders owed $100 million by dolphin park owner Leisure Investment Holdings LLC said in court filings Nov. 25 that its liens over the debtor's assets are senior to a judgment creditor and the group should be given an early win in the lien dispute.
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November 26, 2025
Calif. Cheesemaker Delays Ch. 7 Bid Amid Sale Progress
Cheese producer Rizo-Lopez Foods Inc. pushed back a motion to convert its Chapter 11 case to a Chapter 7 liquidation to Dec. 18, citing progress since it initially filed its conversion motion.
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November 26, 2025
Akerman Matches 2023 Partnership Class With 15 Additions
Akerman LLP announced Tuesday that it has promoted 15 lawyers to its partnership, the same number it promoted to partner in 2023 and five fewer than it tapped in 2024.
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November 26, 2025
Foley & Lardner Hit With Malpractice Suit Over Chancery Loss
Foley & Lardner LLP has been sued in Delaware Superior Court by three officers of a now-defunct food recycling company who say the firm was negligent when representing them in a Chancery Court case that led to a $1.6 million judgment against them and another officer.
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November 26, 2025
New Orleans Archdiocese Strikes Deal With Bondholders
The Roman Catholic Archdiocese of New Orleans has informed a Louisiana bankruptcy judge it cleared one of the major obstacles to confirmation of its Chapter 11 plan by reaching a settlement with objecting bondholders.
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November 25, 2025
Judge Gives Conditional OK To American Signature DIP Plan
A Delaware bankruptcy judge said Tuesday that she will approve home furnishing retailer American Signature Furniture's bid for interim approval of post-petition financing, after giving a mixed response to objections from the Office of the U.S. Trustee.
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November 25, 2025
Bitcoin Depot Unit Hit With $18.5M Arbitration Award
The parent of a Canadian company that develops software allowing global network users to deposit cash for Bitcoin or exchange Bitcoin for cash said its subsidiary was hit with an $18.47 million arbitral award in a dispute with a bankrupt operator of cryptocurrency ATMs.
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November 25, 2025
11th Circ. Backs Exclusion Of $80M Asset Valuation
The Eleventh Circuit ruled Monday that a bankruptcy judge did not err in excluding an expert's $80 million valuation of bankrupt title insurance underwriter ATIF Inc.'s 2015 transfer of two pieces of real estate along with intellectual property assets to Old Republic National Title Insurance Co.
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November 25, 2025
Battery Maker Powin Gets OK For Ch. 11 Liquidation Plan
A New Jersey bankruptcy judge Tuesday confirmed green energy storage manufacturer Powin LLC's Chapter 11 liquidation plan, overruling an objection by the U.S. Trustee's Office to the opt-out mechanism for obtaining creditor support for third-party releases.
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November 25, 2025
Meet The Attys Guiding American Signature Furniture In Ch. 11
National home goods retailer American Signature Furniture filed for bankruptcy protection in Delaware with plans to close stores and sell its assets. Guiding the company through Chapter 11 is a team of attorneys with Pachulski Stang Ziehl & Jones LLP.
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November 25, 2025
Maverick Gaming OK'd For $62.5M Core Asset Sale In Ch. 11
Maverick Gaming obtained Texas bankruptcy court approval Tuesday for a $62.5 million sale of its core assets after the secured lenders that are purchasing the business and the debtor's unsecured creditors reached a tentative deal allowing the transaction to go forward.
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November 25, 2025
Catching Up With New Bankruptcy Case Action
National home goods retailer American Signature Furniture filed for Chapter 11 after seeing a slump in sales compounded by macroeconomic conditions. A Canadian oil and natural gas driller asked for Chapter 15 recognition of its restructuring efforts. And two pharmaceutical developers filed for bankruptcy, with one looking to hold a Chapter 11 sale of its assets and the other eyeing a Chapter 7 liquidation.
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November 25, 2025
Biomedical Co. Gets First-Day Ch. 11 Relief Amid Sale Push
Clearside Biomedical Inc., a company that develops treatments for serious eye diseases, received a Delaware bankruptcy judge's permission Tuesday to pay contractors' wages and prepetition taxes as the company kicks off a Chapter 11 case designed to help find a buyer for its assets.
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November 25, 2025
Court Won't Alter Nikola Corp. Founder's Ch. 11 Appeal Issues
A Delaware bankruptcy judge declined Tuesday to narrow an appeal of his order approving electric-truck maker Nikola Corp.'s Chapter 11 plan brought by company founder Trevor Milton, who was pardoned by President Donald Trump of securities fraud charges earlier this year.
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November 25, 2025
Delaware Judge Accepts $5.89B Bid For Control Of Citgo
A Delaware federal judge on Tuesday approved a $5.892 billion bid from hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and satisfy billions of dollars' worth of Venezuelan debt, moving a step closer to ending the long-delayed sale.
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November 25, 2025
Solar Energy Co. PosiGen Hits Ch. 11 After Loan Breach Suit
Solar energy company PosiGen has entered into bankruptcy in Texas lugging at least $100 million in debt roughly a month after it was sued in a case alleging a breach of loan agreements.
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November 24, 2025
Investor Alleges Real Estate Fund Fraud In Del. Suit
Alleging Ponzi scheme-like conduct, limited partners in Florida-based Whitestone Real Estate Fund III (GP) accused the business and its affiliates of shuffling through hundreds of related party transactions without board approval, in an 11-count Delaware Court of Chancery suit that includes fraud claims and seeks appointment of a receiver.
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November 24, 2025
Pardoned Ex-Nikola CEO Wants Protection Amid Ch. 11 Appeal
Nikola founder Trevor Milton, who was pardoned of securities and wire fraud charges by President Donald Trump earlier this year, has urged the Delaware bankruptcy court to forbid his former company from serving him with discovery requests while he appeals an order approving the electric-truck maker's Chapter 11 plan.
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November 24, 2025
Warner Bros. Can't Pause Village Roadshow Ch. 11 Sale
A Delaware bankruptcy judge Monday denied a motion to stay the Chapter 11 sale of Village Roadshow's derivative film rights pending an appeal of the $18.5 million deal, finding Warner Bros. failed to demonstrate it was likely to succeed in its appeal.
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November 24, 2025
Tucker Arensberg Promotes 4 In Pittsburgh, Harrisburg
Four attorneys at Tucker Arensberg PC's offices in Pittsburgh and Harrisburg, Pennsylvania, have new titles attached to their names after the firm recently elected two of them to shareholders and two to senior counsel.
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November 24, 2025
Judge Sets Wed. Deadline For Oakland Diocese Plan Proposal
A California bankruptcy judge has told the Roman Catholic Diocese of Oakland it has until the end of the day Wednesday to submit a term sheet for a plan to settle with childhood sexual abuse claimants and end its Chapter 11 case.
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November 24, 2025
Judge Explains OK For Purdue Ch. 11, Yellow Plan Confirmed
A judge provided his reasons for approving Purdue's revised Chapter 11 plan, and Yellow Corp. and business internet service provider Everstream Solutions both obtained confirmation for their bankruptcy plans.
Expert Analysis
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Law School's Missed Lessons: Negotiation Skills
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.
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Bar Exam Reform Must Expand Beyond A Single Updated Test
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.
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Asbestos Trusts And Tort Litigation Are Still Not Aligned
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.
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The Legal Education Status Quo Is No Longer Tenable
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.
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E-Discovery Quarterly: Rulings On Relevance Redactions
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.
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Section 1983 Has Promise After End Of Nationwide Injunctions
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.
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Law School's Missed Lessons: Learning From Failure
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.
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Ohio Banking Brief: All The Notable Legal Updates In Q2
Ohio's financial services sector saw several significant developments in the second quarter of 2025, including a case that confirmed credit unions' setoff rights, another that established contract rights between banks and cardholders, and the House passage of a digital asset bill, say attorneys at Frost Brown.
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Law School's Missed Lessons: Skillful Persuasion
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.
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Special Committees Gain Traction In Chapter 11 Investigations
Excerpt from Practical Guidance
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.
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Ch. 7 Ruling Is Warning For Merchant Cash Advance Providers
A New York bankruptcy court’s recent ruling in favor of a Chapter 7 trustee for the bankruptcy estate of JPR Mechanical shows merchant cash advance providers why superficial agreement labels will not shield against preference liability, and serves as a guidepost for future contract drafting, say attorneys at Eversheds Sutherland.
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Law School's Missed Lessons: Navigating Client Trauma
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.
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4 Former Justices Would Likely Frown On Litigation Funding
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.