Large Cap
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August 25, 2025
Chubb Units Say No To Test Cases In Archdiocese Ch. 11
Insurance carriers for the Archdiocese of San Francisco urged a California bankruptcy court to reject a deal between the archdiocese and sexual abuse claimants to allow five lawsuits to proceed despite a Chapter 11 automatic stay.
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August 25, 2025
Auto Parts Supplier Targets Tilton In $39M Clawback Case
An auto parts supplier asked a Michigan state court to hold collateralized debt promoter Lynn Tilton and several other defendants liable to the tune of nearly $40 million, alleging they had been involved in an asset transfer aimed at ducking a judgment in the plaintiff's favor.
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August 25, 2025
Nikola Founder Cites Trump Pardon, Claire's Gets DIP Funds
Nikola’s founder and ex-CEO said his claim in the company’s Chapter 11 cannot be subordinated, while Clare’s got interim approval for bankruptcy financing and Avon secured a judge’s permission to implement its reorganization plan.
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August 25, 2025
Albany Diocese Creditors, Insurers Spar On Claim Challenges
Tort claimants have urged a New York bankruptcy judge not to hear insurers' objections to claims in the Chapter 11 of the Roman Catholic Diocese of Albany, challenging the companies' position they have a financial stake in the court's decision on whether to allow the claims.
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August 25, 2025
Marelli Wins Ch. 11 Ruling To Resume Arbitration In Italy
A Delaware bankruptcy judge said he would lift the automatic stay on an arbitration proceeding in Italy, finding that it wouldn't prejudice a company with counterclaims against automotive parts manufacturer Marelli Corp.
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August 22, 2025
Kroll Catches Class Suit Over Crypto Bankruptcy Data Breach
Kroll has been hit with a proposed class action in Texas federal court from an FTX creditor who says the claims and noticing agent should've done more to secure user data and notify claimants of key bankruptcy deadlines after it suffered a data breach that exposed creditors to a bevy of email attacks.
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August 22, 2025
US Trustee Objects To Opt-Outs In Wolfspeed's Ch. 11 Plan
The U.S. Trustee's Office has objected to the prepackaged Chapter 11 plan from chipmaker Wolfspeed Inc., arguing the opt-out mechanism for obtaining creditor support for third-party releases is nonconsensual.
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August 22, 2025
Eletson Looks To Nix $102M Award Over Reed Smith 'Fiction'
The new owner of international shipping company Eletson has asked a New York federal judge to vacate a $102 million arbitral award issued in a dispute with competitor Levona, saying the award is based on a "fiction" perpetuated by the company's former owners as assisted by their Reed Smith LLP counsel.
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August 22, 2025
Board Purge May Not Bring Puerto Rico Utility Bond Payments
President Donald Trump's dismissal of nearly the entire board overseeing Puerto Rico's debt restructuring may result in a body that is more friendly to the island's electric utility bondholders, but their hopes for full payment will likely remain out of reach, experts told Law360
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August 22, 2025
Avon's Ch. 11 Plan Can Get OK, With Changes, Judge Rules
Bankrupt cosmetics giant Avon and its talc trust must modify its Chapter 11 reorganization plan to make some concessions to insurers, but the plan is otherwise confirmable and doesn't need to be sent out again for a new creditor vote, a Delaware judge has ruled.
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August 22, 2025
Judge Orders New Committee Members In Genesis Ch. 11
A Texas bankruptcy judge Friday ordered the U.S. Trustee to add two trade creditors to the already formed creditors committee of multistate nursing home operator Genesis Healthcare, saying the group was skewed toward tort claims.
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August 22, 2025
What's Happening In Bankruptcy Court This Coming Week
In the coming week, bankruptcy courts will consider Wag!'s Chapter 11 plan and disclosure statement, Sunnova Energy's request for conditional approval of its disclosure and vote solicitation process, Party City's final disclosure statement, and Linqto Texas' request for approval of debtor-in-possession financing.
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August 22, 2025
US Trustee Objects To Party City Plan To Nix Fees
Party City's proposal to pay unsecured creditors $1 million under its Chapter 11 liquidation plan has sparked an objection from the U.S. Trustee's Office, which has argued the arrangement would violate bankruptcy rules by attempting to let the debtor duck other obligations to administrative creditors.
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August 21, 2025
Genesis, Unsecured Creditors Lock Horns On Final Ch. 11 DIP
Bankrupt nursing home operator Genesis urged a Texas bankruptcy judge Thursday to not delay final approval of its $30 million debtor-in-possession loan, fending off arguments from its unsecured creditors committee that there are better offers and the funds aren't urgently needed.
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August 21, 2025
BlockFi Judge Urged To OK $13M Deal As Objector Withdraws
Investors who reached a $13.2 million settlement with the failed cryptocurrency lender BlockFi Inc. have urged a federal judge to move forward with the plan now that a class member has withdrawn his objections to the deal.
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August 21, 2025
Under The Radar: Bankruptcy News You May Have Missed
An appellate court dismissed an appeal California brought against 23andMe's bankruptcy sale after the parties agreed to end the case; Fannie Mae asked a New York bankruptcy judge to prevent the bankrupt owner of an apartment complex from using rent for Chapter 11 financing; and another New York bankruptcy judge ordered a law firm to return $30,000.
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August 21, 2025
Claire's Gets Interim Approval For $22.5M DIP Facility
A Delaware bankruptcy judge on Thursday gave interim approval to bankrupt jewelry chain Claire's to receive a $22.5 million debtor-in-possession facility from a private holding company that plans to buy the majority of the company's U.S. stores through an asset purchaser agreement.
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August 21, 2025
McKesson Agrees In Principle To Sponsor Rite Aid Ch. 11 Plan
National pharmacy chain Rite Aid told a New Jersey bankruptcy judge on Thursday that it has reached an agreement with prescription drug supplier McKesson Corp. on a path to end their dispute and move forward with a Chapter 11 reorganization plan.
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August 21, 2025
Bankruptcy Trustee Axes RICO Claims Against BakerHostetler
The trustee for the Alliance Health Liquidating Trust has agreed to drop two remaining civil racketeering claims against BakerHostetler in an adversary case stemming from the law firm's representation of a bankrupt pharmacy company in 2017.
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August 21, 2025
Healthcare Co. Modivcare Hits Ch. 11 To Cut $1.1B Of Debt
Technology-enabled healthcare services company Modivcare Inc. filed for Chapter 11 protection in Texas bankruptcy court with plans to recapitalize its balance sheet and cut $1.1 billion of debt.
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August 20, 2025
Judge Keeps Yale-Prospect Medical Sale Feud In Ch. 11 Court
A Texas bankruptcy judge on Wednesday paused Yale New Haven Health Services Corp.'s request to reopen a $435 million Connecticut feud over a deal to purchase three hospitals from debtor Prospect Medical Holdings Inc., saying she first wants to hear Prospect's plan to repair the troubled contract.
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August 20, 2025
States Say Kidde-Fenwal Ch. 11 Disclosures Still Inadequate
Attorneys for seven states and Washington, D.C., have told a Delaware bankruptcy court that firefighting foam maker Kidde-Fenwal Inc. failed to meet court-directed disclosure statement requirements for its latest, fifth-amended Chapter 11 liquidation plan and called for rejection of the document.
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August 20, 2025
Meet The Acting US Trustee For Region Covering Fla., Ga.
A more than 30-year veteran of the U.S. Trustee's Office has been tapped to take over, at least for now, the bankruptcy watchdog's region covering Florida, Georgia and two U.S. territories, after the person who had been holding the post resigned last week.
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August 20, 2025
Eletson Gets Fees Paid In Ch. 11 Fight With Ex-Owners
Reorganized shipping company Eletson Holdings Inc. received bankruptcy court approval Wednesday in New York for $1.9 million in fee and expense applications the company spent in litigation with parties that formerly owned the business and are accused of violating a Chapter 11 plan confirmation order.
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August 20, 2025
Purdue Asks Bankruptcy Court To OK Drug Trial Collaboration
Purdue Pharma LP asked a New York bankruptcy court to allow it to enter a clinical trial collaboration with a nonprofit, saying that doing so would allow Purdue to continue developing a potential treatment for a deadly brain cancer while restraining costs.
Expert Analysis
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An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Justices May Find Gov't Can Keep Fraudulent Transfer Benefit
Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.
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When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
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What 2024 Trends In Marketing, Comms Hiring Mean For 2025
The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.
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How The Onion Could Still Buy InfoWars
While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.
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Group Running Makes Me A Better Lawyer
The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
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A Closer Look At SDNY Bankruptcy Rule Amendments
The U.S. Bankruptcy Court for the Southern District of New York’s recent amendments to its local rules aim to streamline key Chapter 11 processes, resolve misunderstandings about previous iterations of the rules and urge caution about the use of artificial intelligence, say attorneys at Skadden.
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FTX Exec's Sentencing Shows Pros And Cons Of Cooperation
The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.
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Gardening Makes Me A Better Lawyer
Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.
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Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal
A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.