Large Cap

  • April 30, 2026

    Ex-Shareholders, Reed Smith Seek End To Eletson Suit

    Former shareholders of Eletson Holdings on Thursday joined with their ex-Eletson counsel at Reed Smith to ask a New York bankruptcy judge to dismiss a suit claiming they had schemed to seize control of Eletson assets in defiance of the company's Chapter 11 plan.

  • April 30, 2026

    Texas Justices Asked To Revive Infowars Lease To The Onion

    Victims of the Sandy Hook Elementary School massacre have asked the Texas Supreme Court to let a court-appointed receiver lease Alex Jones' website Infowars to a company linked to satire publication The Onion, a move that could hasten the delivery of funds Jones owes the families after massive defamation judgments.

  • April 30, 2026

    How Sullivan & Cromwell Won An $18B 'Bet The Country' Case

    It is not often that a Second Circuit ruling is hailed as "the greatest legal achievement in national history" by a country's president, but that's what happened after a team from Sullivan & Cromwell LLP persuaded the appellate panel to nix an $18 billion judgment against Argentina.

  • April 30, 2026

    J&J Says Ill. Ruling Backs Beasley Allen's DQ From Talc Suits

    Johnson & Johnson told a New Jersey federal court that a recent ruling in Illinois backs the Beasley Allen Law Firm's disqualification from multidistrict litigation over its talcum powder.

  • April 30, 2026

    Purdue's $125M McKinsey Deal Gets OK Ahead Of Ch. 11 Exit

    Purdue Pharma LP on Thursday secured a New York bankruptcy judge's approval of a $125 million agreement with McKinsey & Co. that settles claims tied to the consulting firm's work advising Purdue on the sale and marketing of opioids, clearing the way for the pharmaceutical company to exit Chapter 11 and put its $7.4 billion bankruptcy plan into effect.

  • April 29, 2026

    Citgo Bidder Violating Confidentiality Agreement, Court Hears

    Counsel for the oil giant Citgo has accused an affiliate of hedge fund Elliott Investment Management LP of improperly revealing and distorting its confidential information as the parties inch closer toward ending a long-running saga aimed at satisfying billions of dollars' worth of Venezuelan debt.

  • April 29, 2026

    Infowars Parent Says The Onion IP Deal Would Gut Asset Value

    The company behind Alex Jones' conspiracy website Infowars has asked a Texas appeals court to block a receiver from leasing its intellectual property and internet domain for $81,000 a month to a corporation linked to satire website The Onion.

  • April 29, 2026

    Judge Urges Boy Scouts Trust Factions To Narrow Dispute

    The future claimants representative to the trust overseeing the distribution of funds to sexual abuse victims in the Boy Scouts of America bankruptcy remains at odds with the settlement trust advisory committee over a proposed increase to initial payments to victims.

  • April 29, 2026

    Judge Holds Off Hearing On Madoff Cash Tracing Methods

    A New York bankruptcy judge on Wednesday said it isn't yet time for a hearing on what method the trustee for Bernie Madoff's bankrupt Ponzi scheme should use to trace billions of dollars in transfers he is trying to claw back from more than two dozen parties.

  • April 29, 2026

    How Corporate Restructurings Became Inclusive But Unequal

    Large corporate restructurings increasingly feature deals that let most creditors participate but on starkly different terms, reflecting how the rise of powerful equity sponsors has shaped debt workouts both in and out of court, according to a recent paper by Robert Miller, a professor at the University of South Dakota School of Law.

  • April 29, 2026

    Restaurant Group Fat Brands Names Ch. 11 Auction Winners

    An auction for assets of Fat Brands Inc. netted offers totaling $10.5 million for two restaurant chains and credit bids for the company's 16 other brands, according to notices in its Chapter 11 case.

  • April 29, 2026

    Del. High Court Affirms Dismissal Of FTX Claim Deal Suit

    The Delaware Supreme Court has upheld a lower court's dismissal of a dispute over a failed attempt to purchase a multimillion-dollar claim tied to the collapse of onetime crypto giant FTX Trading Ltd., affirming that the case does not belong in Delaware courts.

  • April 28, 2026

    Celsius' Mashinsky Must Pay FTC $10M

    A Manhattan federal judge on Tuesday ordered Celsius Network's co-founder to pay $10 million to the U.S. Federal Trade Commission to settle litigation saying he misrepresented the cryptocurrency lender's practices and safety measures, and that she'd suspend a $4.7 billion judgment based on his cooperation with the government.

  • April 28, 2026

    VC Apple Tree Says Ch. 11 Atty Pick Should Be Approved

    Biotechnology venture capital fund Apple Tree Life Sciences told a Delaware bankruptcy judge on Tuesday that Quinn Emanuel Urquhart & Sullivan LLP should be approved as debtor's counsel in the company's Chapter 11 case because disputes among the debtor's partners don't create a disqualifying conflict for the firm.

  • April 28, 2026

    3 Countries In Focus As US Cos. Seek To Restructure Abroad

    As New Fortress Energy, which is headquartered in New York, is seeking to restructure more than $5 billion in debt in the U.K., bankruptcy experts are watching whether the costs of Chapter 11 and the U.S. Supreme Court's decision barring nonconsensual third-party releases are driving debtors to file elsewhere.

  • April 28, 2026

    Purdue Pharma's $5.5B Plea Deal Clinched As Survivors Protest

    OxyContin maker Purdue Pharma LP has to pay a $3.5 billion fine and forfeit an additional $2 billion, more than five years after it pled guilty to criminal charges related to its role in the opioid crisis, a New Jersey federal judge said Tuesday.

  • April 28, 2026

    Judge Weighs Insurer's Mine Cleanup Fund Duty

    A Delaware bankruptcy judge said Tuesday he would issue a decision shortly on whether Atlantic Specialty Insurance Co. is liable for not contributing to a reclamation fund created as part of the Chapter 11 plan of coal mining company Lighthouse Resources Inc.

  • April 28, 2026

    Catching Up With New Bankruptcy Case Action

    A farming operation sought Chapter 15 recognition of its Canadian insolvency, a software company entered Chapter 11 with plans to sell its business to a lender, and a kitchen design firm began a Chapter 7 liquidation.

  • April 28, 2026

    Del. Chancery Adds US Trustee Atty As Its Latest Magistrate

    Delaware's Court of Chancery has added a former attorney for the U.S. Trustee's Office to serve as a magistrate judge to adjudicate corporate dissolutions, wind-downs and other matters.

  • April 28, 2026

    Retail Data Firm Can Tap $34.2M DIP As It Plans Ch. 11 Sale

    A Texas bankruptcy judge Tuesday gave interim approval to Wiser Solutions Inc.'s $34.2 million debtor-in-possession loan, freeing up $4.2 million in new funds as the retail data software company eyes a June Chapter 11 auction.

  • April 27, 2026

    Reed Smith Targeted In Eletson Gas Ownership Fracas

    Reed Smith LLP and two of its partners are facing a $262 million lawsuit in a long-running and bitter dispute over ownership of an international gas shipping company, as well as other issues that remain unresolved following the vacatur of an underlying $102 million arbitral award for fraud.

  • April 27, 2026

    Celsius Admin Eyes Mediation In Ch. 11 Suit Against Ex-Execs

    Lawyers for the litigation administrator tapped under Celsius Network's Chapter 11 plan told a New York bankruptcy judge Monday that they plan to try mediation next month in a lawsuit accusing the defunct crypto platform's former executives of mismanagement.

  • April 27, 2026

    Retail Data Co. Wiser Solutions Hits Ch. 11 With $563M In Debt

    Wiser Solutions, a software company that collects data from retailers, has filed for Chapter 11 protection in Texas bankruptcy court with about $563 million in debt and plans to sell its business to its main lender.

  • April 27, 2026

    ABI Meeting Looks At Small Biz, AI, Economic Uncertainty

    Small-business issues, artificial intelligence and economic concerns were among the range of topics discussed by lawyers, judges and other bankruptcy professionals at the American Bankruptcy Institute's annual spring meeting in Washington last week.

  • April 27, 2026

    3rd Circ. Panel Once Again Backs Talc Co. Whittaker's Ch. 11

    The Third Circuit on Monday upheld its decision that Whittaker Clark & Daniels was authorized to file for Chapter 11 and certain claims against the defunct talc supplier's corporate successor belong to the debtor, not personal injury claimants.

Expert Analysis

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.

  • Despite Dark Clouds, Outlook For US Solar Has Bright Spots

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    While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy industry, signs of continued growth in solar generating capacity and domestic solar manufacturing suggest that there is a path forward, say attorneys at Beveridge & Diamond.

  • Law School's Missed Lessons: Communicating With Clients

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    Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

  • Adapting To Private Practice: From US Rep. To Boutique Firm

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    My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.

  • Senate's 41% Litigation Finance Tax Would Hurt Legal System

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    The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.

  • Performing As A Clown Makes Me A Better Lawyer

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    To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.

  • Law School's Missed Lessons: Rejecting Biz Dev Myths

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    Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.

  • 9th Circ. Has Muddied Waters Of Article III Pleading Standard

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    District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.

  • Competing In Modern Pentathlon Makes Me A Better Lawyer

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    Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.

  • Law School's Missed Lessons: Teaching Yourself Legal Tech

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    New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.

  • How AI May Reshape The Future Of Adjudication

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    As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.

  • When Legal Advocacy Crosses The Line Into Incivility

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    As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.

  • Attacks On Judicial Independence Tend To Manifest In 3 Ways

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    Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.

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