Jackson Walker has agreed to pay EXCO Resources Inc. $500,000 to end litigation over fees paid to the firm while one of its partners was in an undisclosed relationship with the former bankruptcy judge who medi... (more story)

The trustee overseeing the liquidation of Bernie Madoff's sham investment fund has proposed a settlement worth about $29 million with Sumitomo Trust & Banking Co. Ltd. to resolve a clawback action aimed at rec... (more story)

China Evergrande Group's liquidators have agreed to sell a roughly 51% controlling stake in the company's property management arm to a PAG-backed investment vehicle for about HK$4.03 billion ($513 million), wi... (more story)

Asset management giant Brookfield is challenging a $4.3 million tax bill tied to its acquisition of a defunct Lehman Brothers unit, telling the U.S. Tax Court that the IRS incorrectly denied a deduction stemmi... (more story)

A Texas bankruptcy judge is set up for a status conference in First Brands Group's Chapter 7 case, a Missouri bankruptcy judge is penciled in for a status conference in 23andMe's case, and a New Jersey bankrup... (more story)

Ramona Nee, the co-leader of Weil Gotshal & Manges LLP's U.S. private equity practice who had been poised to become its leader, is engaged in talks to join Kirkland & Ellis LLP, a source with knowledge of the ... (more story)

Weil Gotshal & Manges LLP helped pioneer modern bankruptcy practice and earned hundreds of millions of dollars leading many of the biggest Chapter 11 cases in U.S. history. Its collapse this week marks a stunn... (more story)

A creditor of bankrupt investment firm 777 Partners is challenging the debtor's proposal to escrow proceeds from a future sale of a Florida condominium it owns, telling a Texas bankruptcy judge there is no rea... (more story)

A series of leadership failures and strategic missteps preceded the precipitous downfall of Weil Gotshal & Manges LLP, sources told Law360 Pulse.

Artificial intelligence-powered pharmaceutical group BioXcel has asked a Delaware bankruptcy judge to sign off on a $9.75 million settlement between the debtor and plaintiffs in a securities class action again... (more story)

A hedge fund manager is seeking to recover nearly $40 million in foreign account reporting penalties, telling the U.S. Court of Federal Claims that the IRS violated his due process rights and administrative ru... (more story)

A Delaware bankruptcy judge Friday approved the bidding procedures for the assets of artificial intelligence-powered entertainment platform Character Technologies, including a $20 million stalking horse bid fr... (more story)

Members of the Eastland family who control Camp Mystic signed off on a new governance structure that would see two independent managers handle both the company's bankruptcy and litigation stemming from last ye... (more story)

A London appeals court has set aside a bankruptcy order against a former Russian company executive, ruling that a lower judge wrongly rejected his challenge to the judgments underpinning the petition amid alle... (more story)

A Delaware bankruptcy judge Friday denied a request to sanction an Australian creditor that helped force cryptocurrency miner Mawson Infrastructure into bankruptcy for failing to post a bond, saying her instru... (more story)

A cannabis distributor is suing the owner of five dispensaries in California state court, alleging they haven't paid more than $301,000 in invoices and that they claimed they would pay on a "sell-through" basi... (more story)

The proposed $72 million buyer of a century-old castle on Long Island's Gold Coast was given an extension until the end of next week to complete a nonrefundable $7.2 million deposit into the seller's bankruptc... (more story)

The Bermuda holding company for a group of insurers and reinsurers is seeking Chapter 15 protection in New York to further its cross-border liquidation, following its default on a roughly $125 million loan tie... (more story)

A bankrupt Florida-based real estate investment trust's entity and two other companies have asked a Florida bankruptcy court to approve their settlement in a Texas state court lawsuit that involved multiple fo... (more story)

The stunning collapse of Weil Gotshal & Manges LLP is the talk of BigLaw this week, as those in the industry grapple with how the powerhouse Wall Street firm could implode so quickly.