Large Cap

  • September 28, 2026

    Del. Judge OKs AI-Bolstered Drug Co.'s Ch. 11 Bid Procedures

    A Delaware bankruptcy judge granted his approval Monday to the bidding procedures proposed in the Chapter 11 case of a company that uses artificial intelligence to explore new uses for existing drugs.

  • September 28, 2026

    Genesis Settles Buyer Fight Ahead Of Sale Deadline

    A Texas bankruptcy judge Monday congratulated Genesis Healthcare on reaching a deal resolving its dispute with the winning bidder for its 175 nursing homes in the leadup to its confirmation hearing set for Oct. 6.

  • September 28, 2026

    Spirit Sells Aircraft, Brightline Florida Parent Files Ch. 11

    Spirit Airlines won approval to sell 27 aircraft for $668 million, while Florida's Brightline parent company pursued a restructuring of more than $1 billion in bond debt. Wendy's said one of its largest U.S. franchisees no longer has the right to operate 314 restaurants. Lugano Diamonds secured confirmation of its liquidation plan.

  • September 28, 2026

    Munsch Hardt Adds Husch Blackwell Bankruptcy Pro In Austin

    Munsch Hardt Kopf & Harr PC announced Monday that it has strengthened its bankruptcy, restructuring and insolvency practice with an Austin-based partner who came aboard from Husch Blackwell LLP.

  • September 25, 2026

    Union Says Spirit AI Data Sale May Breach Contract

    Spirit Airlines' flight attendants' union has told a New York bankruptcy judge that the bankrupt airline has reduced the amount of business data it's proposing to sell to Google for artificial intelligence training, but the files still might include data protected by the union's contract.

  • September 25, 2026

    What's Happening In Bankruptcy Court This Coming Week

    Microbiome treatment company Finch Therapeutics will undergo a hearing on a proposed settlement in its Chapter 11 case, Inspired Healthcare will seek approval of an asset sale and Spirit Airlines will ask for a bankruptcy court's permission to sell its data.

  • September 25, 2026

    2nd Circ. Rules $7.25M Mansion Belongs In Guo's Ch. 11

    The Second Circuit on Friday upheld a Connecticut bankruptcy court decision that folded a $7.25 million mansion into the Chapter 11 estate of convicted fraudster Miles Guo, turning away his wife's argument that she actually controlled the property's corporate owner.

  • September 25, 2026

    Weil Hires Willkie Restructuring Leader In Latest Boomerang

    Weil Gotshal & Manges LLP has announced that it continued its boomerang hiring streak by adding the former chair of Willkie Farr & Gallagher LLP's restructuring and reorganization practice.

  • September 25, 2026

    Braskem Idesa Gets OK On Ch. 11 Plan Cutting $900M In Debt

    A Texas bankruptcy judge has approved petrochemical company Braskem Idesa's Chapter 11 plan, which the debtor said will trim more than $900 million of debt and preserve hundreds of jobs.

  • September 25, 2026

    Linklaters Atty Is Latest Add To O'Melveny Bankruptcy Team

    O'Melveny said Thursday that it has added another attorney to its bankruptcy and restructuring team in New York — a former Linklaters LLP partner who the firm said enhances its creditor-side and special situations capabilities.

  • September 25, 2026

    NextEra's $9.5M Deal In Wage-Fixing Case Gets Initial OK

    A Maryland federal judge gave preliminary approval to a settlement agreement that would see NextEra Energy pay $9.5 million to resolve class action allegations it conspired with other nuclear energy producers to fix worker wages.

  • September 25, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamation claim against the company, and property investment group Hunter Jones hit by a claim from the Financial Conduct Authority. 

  • September 25, 2026

    Brightline Florida To Continue Operating While In Ch. 11

    Florida's Brightline rail service will continue operating during the Chapter 11 cases of its parent entities, as they pursue a restructuring of more than $1 billion of bond debt with the support of its creditors.

  • September 24, 2026

    Ex-Tricolor CEO Says Feds Botched Warrants In Fraud Case

    The former CEO of Tricolor Holdings on Thursday urged a Manhattan federal judge to bar any evidence seized from searches of his communications from being used to support accusations that he deceived lenders and investors about the subprime auto lender's assets before it crashed into bankruptcy with $1 billion in debt, saying federal agents ran roughshod over the Fourth Amendment.

  • September 24, 2026

    Summer Camp Co. Says $19M Lien Targets Wrong Ch. 11 Case

    Summer camp company SIMAD Holdings asked a New Jersey bankruptcy judge Thursday to nix a roughly $18.7 million claim lodged by a New York-based credit union, saying the relevant lien has to do with property in a different bankruptcy.

  • September 24, 2026

    Sears Ex-CEO Strikes $4.75M Deal To End Bankruptcy Suits

    The former CEO of Sears Holdings Corp., Edward S. "Eddie" Lampert, has reached a settlement with the Chapter 7 trustee liquidating Sears Hometown Stores Inc., a remnant of the former retail giant, that puts to rest litigation over the fall of the company.

  • September 24, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    A trustee in Rite Aid's bankruptcy is appealing the judge's ruling regarding antitrust claims, a New York judge denied installation of a Chapter 11 trustee in a SoHo building owner's case, and the Chapter 7 trustee for a bankrupt television network asked a judge to find the company's president is still in contempt of an order to turn over its film library.

  • September 24, 2026

    Lugano Diamonds Gets Official OK For Ch. 11 Liquidation Plan

    A Delaware bankruptcy judge Thursday confirmed Lugano Diamonds' Chapter 11 liquidation plan, after the jewelry house finalized a deal with its former CEO.

  • September 24, 2026

    DOJ Appellate Vet Tapped As NYC Bankruptcy Judge

    The U.S. Court of Appeals for the Second Circuit has appointed a 24-year veteran of the U.S. Attorney's Office for the Southern District of New York to serve as a bankruptcy judge for that same jurisdiction, ahead of the retirement of U.S. Bankruptcy Judge Martin Glenn at the end of the month.

  • September 24, 2026

    1st Circ. Rejects Puerto Rico Bondholders' $8.5B Claim

    The First Circuit has upheld a ruling barring Puerto Rico electric utility bondholders from asserting an $8.5 billion claim against the island's government under its own restructuring plan.

  • September 23, 2026

    Conn. Panel Seeks Info On Intervenor Standing In Setoff Case

    A Connecticut appellate court has asked for more information about whether intervenors challenging caps that could cut millions of dollars of benefits in a state-managed rehabilitation of PHL Variable Insurance Co. are actual policyholders who have standing to be involved in an appeal.

  • September 23, 2026

    2nd Circ. Hints $7.25M Mansion Sale Stands In Guo's Ch. 11

    Second Circuit judges poked holes Wednesday in the claim that the wife of a bankrupt Chinese billionaire was in charge of a company that owned a contested $7.25 million Connecticut mansion, eliciting a concession from her attorney that there is evidence her husband was actually calling the shots.

  • September 23, 2026

    Culligan Investors Say Purdue Bars Bermuda Deal In Ch. 15

    The liquidators of Culligan Ltd., a now-defunct affiliate of the global water treatment brand, asked a New York bankruptcy judge to recognize a Bermuda settlement ending a 14-year "nuisance" derivative shareholder lawsuit, while the plaintiffs in the suit argued the settlement violates the U.S. Supreme Court's Purdue Pharma decision barring nonconsensual releases.

  • September 23, 2026

    Buffalo Diocese Seeks Approval On $177M Deal With Insurers

    The Roman Catholic Diocese of Buffalo has told a New York bankruptcy judge that it has reached a nearly $177 million settlement with its insurance carriers, raising the funds available for the sexual abuse settlement trust in its Chapter 11 plan to nearly $327 million.

  • September 23, 2026

    Spirit Airlines Gets OK To Sell 27 Planes For $668M In Ch. 11

    Spirit Airlines on Wednesday secured a New York bankruptcy judge's approval to sell 27 airplanes to two buyers for a combined $668 million.

Expert Analysis

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • When Atty Ethics Violations Give Rise To Causes Of Action

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    Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.

  • Law School's Missed Lessons: Educating Your Community

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    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

  • ConvergeOne Ch. 11 Ruling Clarifies Lender Incentive Limits

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    The recent ConvergeOne ruling from a Texas federal court marks the latest rebuke of selective lender incentives in bankruptcy, and, along with two appellate decision from late 2024, delineates the boundaries of liability management exercises inside and outside Chapter 11, says Pratik Raj Ghosh at MoloLamken.

  • 5 Crisis Lawyering Skills For An Age Of Uncertainty

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    As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.

  • $2B PDVSA Ruling Offers Insight Into Foreign-Issued Debt

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    A New York federal court's recent decision denying a request by PDVSA, Venezuela's state-owned oil company, to refuse enforcement of $2 billion in defaulted bonds serves as a guide for the scope of review required in assessing the validity of foreign-issued securities with New York choice-of-law provisions, say attorneys at Cleary.

  • It's Time For The Judiciary To Fix Its Cybersecurity Problem

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    After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.

  • Recent Trends In Lending To Nonbank Financial Institutions

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    Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while exhibiting the cleanest credit profile and the lowest delinquency rate, but two recent bankruptcies also emphasize important cautionary considerations, says Chris van Heerden at Cadwalader.

  • What Insurers Must Know When Insureds File For Bankruptcy

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    With increasing inflation, rising unemployment and growing consumer credit delinquencies, insurers and their intermediaries must be prepared to handle policyholders who are filing for bankruptcy by acquainting themselves with key procedural details of the bankruptcy process, say attorneys at McDermott.

  • SDNY OpenAI Order Clarifies Preservation Standards For AI

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    The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.

  • Law School's Missed Lessons: Client Service

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    Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.

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