Large Cap More

First Brands Pact Clears Way To Sell Collateral During Dispute

Lenders to First Brands-affiliated special purpose financing vehicles entities reached a deal with Onset Financial Inc., allowing collateral to be liquidated while the parties pursue litigation to resolve comp... (more story)

GoldenPeaks' Solar Unit Seeks Ch. 11 With Over $500M Debt

The Polish subsidiaries of alternative energy investment company GoldenPeaks Capital filed Chapter 11 petitions in Texas bankruptcy court Friday listing between $500 million and $1 billion of debt.

New Fortress Energy Units Seek Ch. 15 For $8.1B Debt Swap

Two New Fortress Energy affiliates asked a New York bankruptcy judge Friday to recognize their efforts to restructure in the English courts by exchanging nearly $8.1 billion in debt for equity and spinning off... (more story)

Judge Clears Settlement In Equifax Reporting Suit

A Virginia federal judge won't intervene in a deal resolving a proposed Fair Credit Reporting Act class action against Equifax, ruling that the undisclosed settlement, which was announced prior to class certif... (more story)

Texaco Drops Appeal Of Ch. 11 Order Allowing La. Litigation

Texaco has ended its appeal of a New York bankruptcy judge's 2025 ruling that allowed local governments in Louisiana to continue pursuing environmental cleanup lawsuits worth as much as $100 billion, according... (more story)

HSBC Defeats Most Claims In First Citizens' Poaching Suit

A California federal judge has dismissed the bulk of First Citizens Bank & Trust Co.'s suit against HSBC alleging the latter induced a mass resignation and misappropriated trade secrets, saying the court still... (more story)

Pashman Stein Adds Genova Burns Bankruptcy Partner In NJ

Pashman Stein Walder Hayden PC brought on a partner in New Jersey from Genova Burns LLC specializing in bankruptcies, restructurings and state court insolvencies, the firm announced Thursday.

Spirit Seeks Bonuses To Keep Top Brass Through Wind-Down

Spirit Airlines has asked a New York bankruptcy judge to approve an incentive program aimed at keeping its CEO, general counsel and vice president of special projects employed while the carrier winds down.

Dechert Adds 4th McDermott Restructuring Partner In A Month

Dechert LLP has continued its hiring spree of former McDermott Will & Schulte attorneys, adding its fourth restructuring partner from the firm this month.

3rd Circ. Affirms Toss Of Spirit Airlines Site Tracking Suit

The Third Circuit has refused to revive a proposed class action accusing the now-defunct Spirit Airlines of recording communications by visitors to its website, finding the plaintiffs voluntarily provided info... (more story)

Mid Cap More

Carbon Health Cleared To Exit Ch. 11 After Creditor Settlement

Urgent care company Carbon Health Technologies on Friday secured a Texas bankruptcy judge's approval of its Chapter 11 plan, letting the debtor set up a $12 million trust for creditors and reorganize its busin... (more story)

Calif. AG Sues 23andMe Over Lapses In Genetic Data Security

California moved Thursday to sue the genetic testing company formerly known as 23andMe over a 2023 data breach that exposed the personal information of nearly 7 million customers, arguing that the company fail... (more story)

6th Circ. Revives P-Funk Keyboardist's Copyright Royalty Suit

The Sixth Circuit revived part of the estate of late Parliament-Funkadelic keyboardist George "Bernie" Worrell's copyright suit against group co-founder George Clinton and his company Thang Inc., ruling that a... (more story)

Impac Wins OK To Swap $24M Debt For Equity In Ch. 11

Bankrupt home lending broker Impac Mortgage Holdings Inc. received approval on Thursday from a Delaware bankruptcy judge for its restructuring plan that swaps $24 million in senior secured debt for equity.

Bestar Wins Ch. 15 Bid Amid Landlord Deposit Tussle

A Delaware bankruptcy judge on Thursday granted Chapter 15 recognition to Canadian furniture company Bestar Inc. over the objection of a landlord seeking a $250,000 security deposit for potential damages that ... (more story)

BlockFills Can Send Ch. 11 Plan Out For Creditor Votes

A Delaware bankruptcy judge on Thursday granted conditional approval to the Chapter 11 plan disclosure statement of cryptocurrency trading platform BlockFills, saying issues over the opt-out release mechanism ... (more story)

Bestar Landlord Opposes Ch. 15 Recognition Over Lease

A landlord for a New York location of bankrupt furniture retailer Bestar told a Delaware court late Tuesday that the debtor's Chapter 15 recognition motion should be denied because the company has continued to... (more story)

2nd Circ. Says Creditor Agent Could Be Served In Ch. 11 Suit

The Second Circuit has found that when a Chinese textile company authorized an insurer to fully collect on a $3 million bankruptcy claim, it authorized the insurer's agent to accept service for a suit that wou... (more story)

Judge Won't Toss NYC Condo Board's Ch. 11

A New York bankruptcy judge has rejected a bid to dismiss a New York City condo board's contentious Chapter 11 case, finding the board had been entitled to undertake such a proceeding at a meeting it held on the subject.

Atty Can't Shield Records In Probe Tied To Aussie Tax Fraud

A tax lawyer cannot use the Fifth Amendment to shield his U.S. financial records from liquidators appointed by an Australian court that hit his family's companies with a civil assessment of AU$100 million ($71... (more story)

Expert Analysis

Finding Borrower Risk In The Private Credit Covenant Mix

Amid rising caution over private credit defaults, investors and their counsel can gain key insights about borrower... (more story)

Studying Foreign Languages Makes Me A Better Lawyer

Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways... (more story)

NY Times Word Puzzles Make Me A Better Lawyer

Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain bef... (more story)