Large Cap
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October 03, 2025
Meet The Attys Guiding EdTech Co. Anthology's Ch. 11
Anthology, a software company in the educational technology space, has hired attorneys from Kirkland & Ellis LLP and Haynes Boone to help it complete a Chapter 11 case aimed at selling off three lines of business and executing a restructuring agreement.
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October 02, 2025
Jackson Walker Can't Duck Judge Romance Suit, Court Told
A group of bondholders Thursday urged a Texas federal judge not to throw out its suit over a former Jackson Walker LLP partner's secret romance with a bankruptcy judge, arguing that the firm "has a problem with telling the truth" and it's "back at it again."
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October 02, 2025
Netflix Escapes Documentary IP Suit From Atty's Film Co.
A film company owned by a trial lawyer this week lost its lawsuit accusing Netflix Inc. of infringing a copyright in its documentary about sexual abuse in the Boy Scouts of America, with a New Jersey federal judge finding the film deals with uncopyrightable facts.
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October 02, 2025
Some Courts Pause Bankruptcies Amid DOJ Staff Furlough
Several bankruptcy courts nationwide have paused deadlines, hearings and entire cases involving federal agencies after the government shutdown sent thousands of U.S. Department of Justice employees on furlough, including more than half of the staff it uses to oversee the bankruptcy system.
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October 02, 2025
Under The Radar: Bankruptcy News You May Have Missed
A Connecticut judge threw out a challenge that an entity accused of acting as an alter ego for securities fraudster Miles Guo had brought to a bankruptcy court's orders, an angel investor with ties to FTX asked a bankruptcy judge to sanction the crypto empire's trust for opposing a donation he's seeking to make, and a software company announced a plan to cut most of its debt and net $50 million in capital.
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October 02, 2025
Brazilian Telecom Oi Loses Bid To Dismiss Ch. 15 Case
A New York bankruptcy judge denied a Brazilian telecommunications company's request to terminate the Chapter 15 recognition of a restructuring proceeding in its home country, a day after its board and management were removed by a Brazilian judge.
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October 02, 2025
Wind Co.'s Pre-Ch. 11 Uptier Deal Draws Suit From Creditors
The official committee of unsecured creditors in the Chapter 11 of wind turbine blade maker TPI Composites has brought an adversary action against the debtor in Texas bankruptcy court, alleging a prepetition uptier transaction made preferred equity holder Oaktree a secured creditor to the detriment of unsecured noteholders.
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October 02, 2025
Attys Get Mixed NJ Discipline After Fraud Convictions
The New Jersey Supreme Court has disbarred ex-Sacks Weston attorney Scott Diamond from the practice of law in the Garden State following his conviction for fraudulently resolving cases behind the back of his old firm, according to filings issued Thursday.
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October 01, 2025
Coinbase Gets Securities Suit Over Biz Risks Trimmed
A New Jersey federal judge trimmed claims from a class action against Coinbase alleging the crypto exchange misrepresented or concealed parts of its business, ruling that claims tied to bankruptcy risk and regulatory disclosures that aren't based on group pleading can proceed, while claims related to proprietary trading statements were dismissed.
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October 01, 2025
Reed Smith Seeks 2nd Circ. Help Over Eletson Orders
Reed Smith LLP has urged the Second Circuit to nix an order displacing the firm as counsel and requiring it to turn over client files for international shipping group Eletson Holdings Inc. to lawyers representing the company's new owners, saying Eletson's bankruptcy plan has not validly taken effect.
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October 01, 2025
PG&E Brass, Underwriters Get Investors' Wildfire Suit Tossed
A California federal judge has thrown out a proposed investor class action against PG&E officers, directors and underwriters that blamed stockholder losses following deadly wildfires on previous statements by PG&E officials about the utility's safety practices, but said they could try a fifth time.
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October 01, 2025
First Brands Can Tap $1B DIP As It Seeks Stability In Ch. 11
A Texas bankruptcy judge Wednesday gave interim approval to car parts maker First Brands' $1.1 billion debtor-in-possession loan, freeing up $500 million in funds, after a stalled refinancing and limited liquidity pushed it to Chapter 11.
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October 01, 2025
Alex Jones Ch. 7 Stay Doesn't Protect Co. Assets, Judge Says
The Texas bankruptcy judge overseeing the Chapter 7 case of right-wing conspiracy theorist Alex Jones said Wednesday the automatic stay of the bankruptcy does not extend to the assets of Jones' media company, Free Speech Systems.
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October 01, 2025
Meet The Attorneys Guiding Parts Maker First Brands' Ch. 11
A team of lawyers from Weil Gotshal & Manges LLP is leading the bankruptcy case of Michigan-based auto parts maker First Brands Group LLC as the company seeks to restructure more than $10 billion in debt.
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October 01, 2025
Conn. Diocese Attys Slam US Trustee's $3.1M Fee Complaint
The Norwich Roman Catholic Diocesan Corp.'s attorneys at Ice Miller LLP and Robinson & Cole LLP, along with other bankruptcy advisers, have disputed a U.S. Trustee's claims that nearly $3.1 million in combined professional fees were not actual, necessary and reasonable in light of a mediator's efforts.
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October 01, 2025
Genesis Healthcare Sues HHS To Halt Ala. Facility Closure
Genesis Healthcare has filed an adversary complaint against the U.S. Department of Health and Human Services' Centers for Medicare and Medicaid Services as it seeks to keep open an Alabama skilled nursing facility that the government is trying to shut down.
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October 01, 2025
Hub Hires: Morgan Lewis, WilmerHale, Simpson Thacher
Other than the Red Sox and a few muggy late summer days, few things were hotter in September than the Boston legal market. Morgan Lewis made four lateral hires, WilmerHale welcomed back an experienced life sciences attorney, and Simpson Thacher snagged a former Goodwin banking lawyer.
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September 30, 2025
McKinsey Trims Endo Suit But Can't Nix Indemnification Claim
A New York bankruptcy judge trimmed an adversary suit Monday claiming McKinsey & Co. Inc. should pay at least $1.5 billion to cover costs bankrupt pharmaceutical developer Endo International racked up defending against opioid claims, tossing nearly all allegations with leave to amend, but greenlighting an indemnification claim.
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September 30, 2025
Auto Parts Maker First Brands Probes Invoice Deals
First Brands, an automotive parts producer that recently launched a Chapter 11 case with more than $10 billion of debt, has said it launched an investigation into transactions the company entered to secure liquidity.
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September 30, 2025
Spirit Airlines Brass Face Investor Suit Over Pre-Ch. 11 Claims
The CEO and chief financial officer of embattled budget airline Spirit face proposed shareholder class action claims that they misled investors about the company's prospects after its emergence from bankruptcy in March, only to announce months later that it had sought Chapter 11 protection once again.
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September 30, 2025
HSBC Gets $324M Claims Tossed In Row With Madoff Trustee
A New York bankruptcy judge has thrown out $324 million of claims against London-based HSBC and its affiliates that were brought by the trustee overseeing the liquidation of Bernie Madoff's bankruptcy estate, finding the claims in an amended complaint do not relate back to claims in an earlier complaint.
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September 30, 2025
Catching Up With New Bankruptcy Case Action
An auto parts maker commenced a Chapter 11 case with more than $10 billion of debt. An educational technology company is seeking to sell its assets in bankruptcy to cover more than $1 billion in obligations. And two single-asset real estate firms filed for bankruptcy protection as they faced foreclosure or default actions from lenders.
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September 30, 2025
Spirit Lines Up $475M DIP, Expects $150M From AerCap Deal
Spirit Airlines has lined up $475 million in Chapter 11 financing, its attorney told a New York bankruptcy judge Tuesday at a hearing in which he also shared that its largest lessor, AerCap, would be giving the debtor $150 million in cash as part of a recently announced deal.
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September 30, 2025
Meet The New Acting US Trustee For Indiana, Illinois
Monica Kindt has been named by Attorney General Pamela Bondi as the acting U.S. Trustee for Indiana and for the Central and Southern Districts of Illinois, Region 10, succeeding Nancy J. Gargula, who retired after more than two decades of service to the U.S. Trustee Program.
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September 30, 2025
Education Tech Co. Anthology Hits Ch. 11 With Over $1B Debt
Anthology Inc., a software company in the educational technology space, filed for Chapter 11 protection in a Texas bankruptcy court with more than $1 billion in debt, saying it intends to sell parts of its business and restructure the rest.
Expert Analysis
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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.
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Bankruptcy Decision Exemplifies Venue Issue For Franchisees
A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on assumption of executory franchise contracts highlights the issue of whether franchisee debtors can qualify for case venue in friendlier circuits, says David Gamble at Parkins Rubio.
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Lawyers With Disabilities Are Seeking Equity, Not Pity
Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.
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Judicial Committee Best Venue For Litigation Funding Rules
The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.
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The Strategic Advantages Of Appointing A Law Firm CEO
The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.
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What Being An 'Insider' Means In Ch. 11, And Why It Matters
As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.
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How Cos. Can Build A Strong In-House Pro Bono Program
During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.
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Navigating The Bankruptcy Terrain After Purdue Pharma
The U.S. Supreme Court’s June ruling in Harrington v. Purdue Pharma is having a significant impact on bankruptcies, with recent cases addressing nonconsensual third-party releases and opt-out mechanisms, and highlighting strategies practitioners can employ to avoid running afoul of the decision, say Brett Axelrod and Agostino Zammiello at Fox Rothschild.
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Use The Right Kind Of Feedback To Help Gen Z Attorneys
Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.