Large Cap
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January 29, 2026
Under The Radar: Bankruptcy News You May Have Missed
Genesis Healthcare and a former bidder for the debtor's assets opposed installation of a Chapter 11 trustee before a bankruptcy court refused the idea. A Texas bankruptcy judge refused to rethink approving a casino operators' $28 million sale for the Teamsters. And auto parts maker Marelli Corp. sought more time to submit a bankruptcy plan.
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January 29, 2026
Minority Lenders Question Benefit Of Del Monte Ch. 11 Deal
Minority lenders opposing a proposed settlement among bankrupt food producer Del Monte, its majority secured lenders and unsecured creditors questioned the value of the deal Thursday in New Jersey bankruptcy court, saying certain causes of action being given up could be worth more than $200 million.
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January 29, 2026
Prospect Ends Calif. Sale Row, Expects To Close RI Deal
Prospect Medical Holdings told a Texas bankruptcy judge on Thursday that a dispute stemming from the sale of its California hospitals has been resolved and that the sale of its Rhode Island hospitals may finally close a year after the deal was approved.
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January 29, 2026
Genesis Healthcare Can Keep Control Of Its Ch. 11
A Texas bankruptcy judge Thursday declined a bid to install a Chapter 11 trustee in Genesis Healthcare's case, finding the debtor has existing safeguards and appointing a trustee could disrupt the closing of a roughly $1 billion sale of the nursing home group.
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January 29, 2026
Saks To Close 57 Saks Off 5th Stores In Bankruptcy
Saks Global announced Thursday it would close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores as the company attempts to turn around its business in Chapter 11.
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January 29, 2026
First Brands Can Tap $48M From Ford, GM In Bid For Survival
A Texas bankruptcy judge signed off Thursday on auto parts maker First Brands Group's $48 million in financing from Ford, General Motors, Harley-Davidson and other customers, funds the debtor called a "lifeline" that averted a liquidation of the embattled business.
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January 29, 2026
Bankruptcy Group Of The Year: Paul Weiss
Attorneys from Paul Weiss Rifkind Wharton & Garrison LLP led Rite Aid through its second reorganization in two years and won approval for the sale of DNA testing company 23andMe over the objections of state regulators, earning the firm a place among the 2025 Law360 Bankruptcy Groups of the Year.
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January 29, 2026
Former First Brands Execs Indicted On Fraud Charges
Patrick James, the founder of bankrupt auto parts maker First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double pledging collateral and concealing liabilities from lenders.
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January 29, 2026
Mo. Packaging Co. Files For Ch. 11 To Reduce Debt By $900M
Missouri-based packaging company Pretium Packaging LLC filed for Chapter 11 in a New Jersey bankruptcy court, with a prepackaged plan of reorganization aimed at reducing the company's funded debt by more than $900 million.
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January 29, 2026
Global Label Maker Multi-Color Hits Ch. 11 With $5.9B Debt
Georgia-based global retail product label maker Multi-Color Corp. filed for Chapter 11 protection Thursday in a New Jersey bankruptcy court with an agreement in place to trim $3.9 billion of its $5.9 billion in debt.
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January 28, 2026
$3.1M Legal Fee At Heart Of Latest Feud In Citgo Sale Saga
A dispute over who should pay a more than $3 million bill incurred by special master Robert Pincus as he fended off a disqualification bid has become another flash point in long-running litigation aimed at auctioning off Citgo to satisfy billions of dollars' worth of Venezuelan debt.
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January 28, 2026
FAT Brands Secures Interim Cash Collateral Approval In Ch. 11
A Texas bankruptcy judge on Wednesday granted FAT Brands Inc., owner of Fatburger and Johnny Rockets, interim approval to use cash collateral after the debtor and certain noteholders reached an agreement on the terms of the cash collateral budget.
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January 28, 2026
Asset Co. Slams Conn. Insurance Chief's Plan For Liquidation
An asset management company asked a Connecticut state court for permission to intervene in the insurance commissioner's rehabilitation of struggling insurer PHL Variable Insurance Co., saying the commissioner's "surprise" plan to pursue liquidation will be disastrous for universal life policyholders that are over a $300,000 cap on death benefits.
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January 28, 2026
Del Monte Says Ch. 11 Creditor Deal Creates Sale, Plan Path
Canned food producer Del Monte told a New Jersey bankruptcy judge Wednesday a settlement it reached with groups of secured and unsecured creditors is the best way forward for the business to close on a sale of its assets and get a Chapter 11 plan confirmed.
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January 28, 2026
Judge Sends Mass. REIT's $125M DIP Back To Drawing Board
A Texas bankruptcy judge on Wednesday rejected a Massachusetts-based real estate investment trust's request for final approval of its $125 million in Chapter 11 financing, saying it would leave the debtor bound by too many terms of default.
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January 28, 2026
First Brands Needs Court OK On $48M From Ford, GM, Polaris
Struggling auto parts maker First Brands Group urged a Texas bankruptcy judge Wednesday to let it borrow $48 million advanced by Ford, General Motors, Harley-Davidson and other customers, saying it needs the funds to stay afloat after running out of debtor-in-possession financing.
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January 28, 2026
Spirit Airlines Pros Get $32M In First Batch Of Fees
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
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January 28, 2026
Bankruptcy Group Of The Year: Quinn Emanuel
Quinn Emanuel Urquhart & Sullivan LLP in 2025 notched wins in novel bankruptcy issues, fending off a Brazilian telecommunication group's bid to ditch its Chapter 15 for Chapter 11 and representing the successful buyer of 23andMe's assets, earning it a spot among the 2025 Law360 Bankruptcy Groups of the Year.
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January 28, 2026
Amazon, Chanel To Anchor Saks' Creditor Group
The U.S. Trustee's Office announced a 10-member creditor's committee including Amazon in the bankruptcy of luxury department store chain Saks Fifth Avenue and proposed an organizational meeting to take place Thursday.
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January 27, 2026
Luminar Approved For $142M Of Ch. 11 Asset Sales
Bankrupt self-driving vehicle technology development company Luminar Technologies can move forward with a pair of asset sales that will net the Chapter 11 estate $142.54 million in proceeds after a Texas bankruptcy judge agreed to approve the transactions once the company submits finalized orders.
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January 27, 2026
Mortgage Statements Class Action Tossed, For Now
Bank of New York Mellon and a mortgage servicing company no longer face class action claims that they unfairly sought to collect on second mortgages following a bankruptcy discharge, a Boston federal judge has determined, finding that the suit didn't show that the firms were required to send borrowers periodic statements showing that they still owed money.
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February 12, 2026
Law360 Seeks Members For Its 2026 Editorial Boards
Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.
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January 27, 2026
Inmarsat Suit Over Ligado, AST Deal Broke Bankruptcy Stay
A Delaware bankruptcy judge ruled Tuesday that Viasat unit Inmarsat Global Ltd. violated the automatic stay of telecommunications group Ligado Networks LLC's Chapter 11 case when it sued Ligado and AST SpaceMobile Inc. last month in New York, ordering the state court case over a spectrum rights deal to be dismissed.
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January 27, 2026
Finance Execs Taking A Strict Line On Late Pay Penalties
Almost two-thirds of U.S. finance leaders are unwilling to wait longer than 60 days before imposing penalties for late payments on invoices, with those creditors likely to enforce payment discipline amid rising bankruptcies and squeezed cash flow, a new survey found.
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January 27, 2026
Bankruptcy Group Of The Year: Otterbourg
Otterbourg's bankruptcy attorneys spent 2025 pushing the frontiers of their practice, helping secure the dismissal of Johnson & Johnson's talc unit's bankruptcy plan and achieving confirmation of Purdue Pharma LP's $7.4 billion Chapter 11 plan — earning a spot among the 2025 Law360 Bankruptcy Groups of the Year.
Expert Analysis
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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.
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.
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The Challenges Of Abandoned Retirement Plans In Ch. 7
The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto.
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Circus Arts Make Me A Better Lawyer
Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.
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When Investigating An Adversary, Be Wary Of Forged Records
Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research.
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3 Ways To Train Junior Lawyers In 30 Minutes Or Less
Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.
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The Bar Needs More Clarity On The Discovery Objection Rule
Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.
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So You Want To Move Your Law Practice To Canada, Eh?
Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.
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A Strategic Checklist For Bankruptcy Motion Objections
Excerpt from Practical Guidance
Hewing to a set of best practices for objecting to a motion in bankruptcy cases can help creditors’ counsel stay on track as they juggle deadlines and jurisdictions, determine whether filing will help or harm the client, and negotiate with the debtor.
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The 3rd-Party Bankruptcy Release Landscape After Purdue
In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis.
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Striking A Balance Between AI Use And Attorney Well-Being
As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.
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Being An Artist Makes Me A Better Lawyer
My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.