Large Cap

  • May 06, 2026

    Amber Denies Violating Confidentiality Order In Citgo Feud

    An affiliate of hedge fund Elliott Investment Management LP — whose $5.9 billion bid for Citgo's parent company was accepted late last year — is denying the oil giant's allegations that it improperly exposed company secrets in an op-ed last month, telling a Delaware federal court it has every interest in ensuring the company's success.

  • May 06, 2026

    Spandex Maker Touts Ch. 11 Plan In Confirmation Brief

    Textile developer The Lycra Co. LLC urged a Texas bankruptcy judge to confirm its Chapter 11 plan, saying it recently reached a deal with a subset of creditors to support the plan cutting $1.2 billion from its balance sheet.

  • May 06, 2026

    Asbestos Trusts Fight Data Preservation Suit In Delaware

    Asbestos bankruptcy trusts told the Delaware Supreme Court on Wednesday that Johnson & Johnson, Dow Chemical and other repeat asbestos defendants are trying to turn an old equitable remedy into a sweeping, indefinite preservation order for more than 1.1 million victims' private claims files.

  • May 06, 2026

    Womble Bond Adds Akin Gump Finance Pro In Houston

    Womble Bond Dickinson has strengthened its debt financing capabilities in the energy sector with the hiring of a Houston-based partner who came aboard from Akin Gump Strauss Hauer & Feld LLP.

  • May 06, 2026

    Meet The Attorneys Helping Wiser Solutions Through Ch. 11

    Wiser Solutions Inc., a software company that collects data from retailers, has tapped lawyers from the firms Hogan Lovells and Thompson Coburn LLP to help it through the Chapter 11 case it began with about $563 million in debt and plans to sell its business to its main lender.

  • May 05, 2026

    Investors In $16B YPF Feud Win Round Against Argentina

    A New York federal judge has ruled that investors in Argentine oil and gas exploration company YPF SA can use discovery obtained in a decade-long dispute against the country in a parallel $16 billion investor-state arbitration they plan to initiate, saying they had shown a "compelling need."

  • May 05, 2026

    Members Of Purdue Public Record Disclosure Board Named

    Entities representing groups of opioid claimants in the Chapter 11 case of Purdue Pharma have named their representatives on an oversight board created to implement a public repository of documents related to the national opioid epidemic and Purdue's role in the crisis.

  • May 05, 2026

    Spirit Airlines Gets OK For Chapter 11 Wind-Down Procedures

    A New York bankruptcy judge on Tuesday agreed to approve Spirit Airlines' package of wind-down motions after rising fuel costs and unsuccessful efforts to secure federal rescue financing forced it to walk away from restructuring plans.

  • May 05, 2026

    Fat Brands Creditors Say Sale Plan Ignores $195M Claims

    Unsecured creditors of restaurant group Fat Brands have sued several investors in Texas bankruptcy court asking to pause the company's planned credit bid sale to its debtor-in-possession lender, saying so-called manager advance claims are being improperly quashed.

  • May 05, 2026

    UK Exec Tries To Exit Suit Over Alleged Byju's Fund Transfers

    A British business executive on Tuesday asked a Delaware bankruptcy judge to dismiss him from a suit over the disappearance of $533 million from an affiliate of education technology company Byju's, saying there is nothing in the case to give a U.S. court jurisdiction.

  • May 04, 2026

    'They Knew It': J&J Accused Of Hiding Talc Risk At LA Trial

    Johnson & Johnson knew for decades that its baby powder contained asbestos, even as it advertised the product as safe and "pure," attorneys for the families of three women who died of ovarian cancer told a California jury Monday during opening statements in a bellwether trial.

  • May 04, 2026

    Spirit Airlines' Demise To Reshape Low-Cost Competition

    Rival airlines have scrambled to boost routes, plug service gaps and snatch up Spirit Airlines customers in the two days since the budget carrier's demise, raising alarms about what other casualties might be in store for an airline industry reeling from skyrocketing jet fuel costs.

  • May 04, 2026

    Litigation On The Horizon Under First Brands' Ch. 11 Plan

    First Brands Group has proposed a Chapter 11 plan outlining how the struggling auto-parts manufacturer is aiming to end its sprawling bankruptcy, a case marked by allegations of yearlong fraud and the shock waves it has sent through the private credit market.

  • May 04, 2026

    Proskauer's Puerto Rico Restructuring Bill Hits $179M

    Proskauer Rose LLP submitted its final fee application Friday for its years of work on behalf of the Financial Oversight and Management Board as the representative for the Commonwealth of Puerto Rico in its restructuring case, seeking approval of an aggregate amount of fees and expenses that runs to $179.6 million.

  • May 04, 2026

    Genesis Healthcare Ch. 11 Stay Extension Undone On Appeal

    A Texas federal judge has thrown out an order in Genesis Healthcare's Chapter 11 case that shielded nondebtor affiliates from lawsuits, ruling that the bankruptcy court made "several errors" when it blocked holders of personal injury and wrongful death claims from pursuing litigation. 

  • May 04, 2026

    Purdue Settlement Approved, Saks Gets Plan Disclosure OK

    Purdue Pharma received the green light for a settlement on its road out of Chapter 11, a Texas bankruptcy judge gave the all-clear to Saks Global's plan disclosure, and Spirit Airlines said it would undergo a shutdown instead of a government-backed rescue.

  • May 04, 2026

    Omnicare Picks $250M Bid As Winner In Ch. 11 Sale Process

    Pharmacy services provider Omnicare told a Texas bankruptcy judge that it has selected a $250 million offer from stalking horse bidder GenieRx Holdings LLC as the winning bid in a sale process for its assets, saying it would cancel an auction that was scheduled to occur this week.

  • May 04, 2026

    Spirit Airlines Seeks Court Approval To Wind Down Business

    Spirit Airlines asked a New York bankruptcy judge Monday to sign off on the wind-down of its operations, including either selling the company's remaining 28 aircraft or leaving them on the tarmac for creditors to repossess.

  • May 02, 2026

    Spirit Airlines Shuts Down After Rescue Funding Fails

    Spirit Airlines said Saturday that it is shutting down and will immediately start to liquidate its business after failing to secure the funding it needed to continue operating while under bankruptcy protection.

  • May 01, 2026

    QVC, Investors Trade Blows Over Equity Committee Bids

    QVC told a Texas bankruptcy judge on Friday that granting shareholders' request to appoint an official equity committee in its Chapter 11 case would waste estate resources for the exclusive benefit of out-of-the-money investors, urging the judge to deny their request.

  • May 01, 2026

    New York Archdiocese Proposes $800M Abuse Suit Settlement

    The Archdiocese of New York and a committee representing most of the claimants alleging they were sexually abused by clergy and lay employees of the organization said they have reached terms on a settlement that will provide $800 million in compensation to the 1,300 plaintiffs.

  • May 01, 2026

    Meet The Attorneys Guiding Freedom Forever's Ch. 11

    California-based home solar panel installer Freedom Forever has retained a team from Morris Nichols Arsht & Tunnell LLP to represent it in Chapter 11 while it attempts to deal with the loss of federal home solar tax deductions.

  • May 01, 2026

    Fat Brands Seeks 90 More Days To Craft Ch. 11 Wind-Down

    Restaurant group Fat Brands has asked a Texas bankruptcy judge for more time to file a Chapter 11 plan as it continues to negotiate with creditors on a wind-down framework.

  • May 01, 2026

    What's Happening In Bankruptcy Court This Coming Week

    A New York bankruptcy judge will weigh a German dating service's bid for Chapter 15 recognition, US Magnesium will undergo an omnibus hearing, Lycra will seek plan confirmation, and a judge will oversee Ascend Elements' second-day Chapter 11 hearing.

  • May 01, 2026

    Trump Gives Spirit Airlines 'Final' Offer On Rescue Deal

    President Donald Trump said Friday the federal government had given Spirit Airlines a "final proposal" for a financing package that could help rescue the bankrupt budget airline amid reports that Spirit is preparing to shut down.

Expert Analysis

  • 11th Circ. Equitable Tolling Ruling Deepens Circuit Split

    Author Photo

    The Eleventh Circuit recently held that equitable tolling was unavailable to extend a deadline to object to discharge of debt, becoming the most recent circuit court decision to address this issue, and deepening a split that requires resolution by the U.S. Supreme Court, says Paul Avron at Berger Singerman.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

    Author Photo

    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Law School's Missed Lessons: Adapting To The Age Of AI

    Author Photo

    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Demystifying The Civil Procedure Rules Amendment Process

    Author Photo

    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • What New CFPB Oversight Limits Would Mean For 4 Markets

    Author Photo

    As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

    Author Photo

    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • How Bankruptcy Law Caps Landlords' Rejected Lease Claims

    Author Photo

    With corporate bankruptcy filings for the first half of the year at a 15-year high, landlords should be prepared for commercial tenants to use the bankruptcy process to reject unwanted leases in order to lessen corporate footprints and improve liquidity, say attorneys at Mintz.

  • Ruling Puts 11th Circ. At Odds With Bankruptcy Courts

    Author Photo

    While an Eleventh Circuit majority recently found in BenShot v. 2 Monkey Trading and Lucky Shot USA that corporate debtors, like individuals, face certain exceptions to discharge under a nonconsensual Subchapter V plan, the ruling not only reverses the lower court, but opposes the holdings of many other bankruptcy courts, say attorneys at McDermott.

  • Law School's Missed Lessons: How To Make A Deal

    Author Photo

    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

  • What 2 Profs Noticed As Transactional Law Students Used AI

    Author Photo

    After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.

  • Law School's Missed Lessons: Negotiation Skills

    Author Photo

    I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.

  • Bar Exam Reform Must Expand Beyond A Single Updated Test

    Author Photo

    Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.

  • Asbestos Trusts And Tort Litigation Are Still Not Aligned

    Author Photo

    A recent ruling by a New York state court in James Petro v. Aerco International highlights the inefficiencies that still exist in asbestos litigation — especially regarding the continued lack of coordination between the asbestos tort system and the well-funded asbestos trust compensation system, says Peter Kelso at Roux.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Large Cap archive.