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)

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.

As Weil Gotshal & Manges LLP prepares to wind down operations, more than 1,000 attorneys worldwide find themselves job-hunting in an already crowded market.

The attorney general has tapped one of Walsh Pizzi O'Reilly Falanga LLP's founders to take up the reins as director of the U.S. Trustee Program, the U.S. Department of Justice announced Thursday.

A BAE Systems Inc. spokesperson said in a statement Thursday the nationwide Bankruptcy Noticing Center has resumed operations following a cybersecurity incident that had brought the system to a halt earlier this month.

A flight attendants union's objection to Spirit Airlines' planned $10 million sale of employee data to Google for use in training artificial intelligence presents novel legal questions and a chance for unions ... (more story)

A former executive at Eletson Gas urged a New York federal court to reverse an arrest warrant for contempt and a $726,000 judgment imposed on him, arguing he was never properly served and had ceased working at... (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)

Discount retailer Poundland indicated Thursday that it plans to appoint administrators after it said it was unable to find an acceptable buyer following years of financial troubles.

A California bankruptcy judge Wednesday signaled he would allow the Archdiocese of San Francisco to solicit votes on its $395 million Chapter 11 plan, after the debtor agreed to include in its disclosures a st... (more story)

The U.S. Trustee's Office said a Delaware bankruptcy judge must appoint a consumer privacy ombudsman to review the sale of artificial intelligence entertainment platform Character Technologies' assets, saying ... (more story)

Secured creditors of four properties in New Jersey have asked a bankruptcy judge in the state to force debtor Supor Properties Enterprises LLC to immediately transfer the properties after a $66 million refinan... (more story)

Weil Gotshal & Manges LLP, the restructuring powerhouse that led Lehman Brothers, Enron and General Motors through bankruptcy, told Law360 Pulse Wednesday that the firm is preparing to wind down operations.

Bankrupt health-focused restaurant chain True Food Kitchen received court approval in Texas on Tuesday for a slate of relief on a final basis, including motions seeking to pay the prepetition claims of vendors... (more story)

Book distributor Baker & Taylor can begin soliciting creditors' votes for its Chapter 11 liquidation plan ahead of a confirmation hearing in December, a New Jersey bankruptcy judge said Tuesday.