Large Cap

  • September 03, 2026

    Invesco Funds Settle In Serta Uptier Ch. 11 Appeal

    Invesco-managed funds reached a confidential settlement, ending appeals of a Texas bankruptcy judge's decision that Serta Simmons lenders excluded from a debt restructuring deal are owed $400 million.

  • September 03, 2026

    Jackson Walker, Watchdog To Argue Standing Despite Deal

    The U.S. Trustee's Office and Texas law firm Jackson Walker LLP are heading for a fight next week about whether the bankruptcy watchdog has standing to claw back attorney fees after a scandal touched some of the firm's cases — but it's a battle that both sides no longer want.

  • September 03, 2026

    Alkegen Gets OK To Cut $3.1B In Debt Under Ch. 11 Plan

    A Texas bankruptcy judge on Thursday signed off on specialty materials maker Alkegen's plan to cut $3.1 billion in debt and emerge from its Chapter 11 case with fresh funds to support its turnaround, approving the debtor's restructuring and overruling an objection from the U.S. Trustee's Office.

  • September 03, 2026

    1st Circ. Orders Redo In Puerto Rico Hospital Loan Fight

    The First Circuit revived hospital Instituto Medico Del Norte's Chapter 11 lawsuit against a lender, remanding the case after it "struggled to make sense" of a Puerto Rico bankruptcy judge's decision to dismiss the litigation.

  • September 03, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    Former Spirit employees' unions opposed the sale of the airline's business data to Google for AI training. Malibu mansion builders sought approval to sell two properties for $110 million. Danskammer Energy opposed an NYISO bid to set off funds against its alleged debt. The owner of a defunct boarding school in Pennsylvania faced a bid to dismiss its second Chapter 11 case.

  • September 03, 2026

    O'Melveny Lands Cleary Restructuring Partner In NY

    O'Melveny & Myers LLP has hired a corporate restructuring lawyer from Cleary Gottlieb Steen & Hamilton LLP as a partner in its bankruptcy and restructuring practice in New York.

  • September 02, 2026

    Trading Firm To Seek Justices' Input On Arbitration Questions

    The Seventh Circuit said Wednesday that it will wait to make its arbitration rejection official so a Chicago trading firm can ask the U.S. Supreme Court to determine whether it was correctly ordered to litigate proposed class securities manipulation accusations.

  • September 02, 2026

    Avaya Execs Beat Investor Suit Over Failed Tech Transition

    A New York federal court has dismissed a shareholder lawsuit against two former Avaya Holdings Corp. executives, who were accused of misleading investors about the success of the North Carolina-based company's transition from a telecom to a technology firm prior to its bankruptcy filing, finding all challenged statements were forward-looking or inactionable.

  • September 02, 2026

    Ex-Genesis Team Denies Using Trade Secrets To Compete

    Former executives for a subsidiary of bankrupt nursing home chain Genesis Healthcare have told a Texas bankruptcy judge they didn't steal trade secrets to start a new business, accusing their former employer of trying to quash a competitor in the courts.

  • September 02, 2026

    Chicken Soup Ex-CEO Can't Dodge Redbox Clawback Suit

    A Delaware bankruptcy judge on Wednesday allowed a clawback adversary suit to proceed against the former CEO of Chicken Soup for the Soul Entertainment Inc., who, according to the Chapter 7 trustee in the case, used the company as his 'personal piggybank.'

  • September 02, 2026

    IT Group TPx Confirms Ch. 11 Plan Cutting $1B From Books

    A Texas bankruptcy judge on Wednesday approved information technology services provider TPx Communications' Chapter 11 plan that will see it emerge from bankruptcy with a $1 billion lighter balance sheet.

  • September 02, 2026

    Meet The Attys Helping Chem Co. Braskem In Ch. 11

    Brazilian-Mexican petrochemical company Braskem Idesa SAPI has tapped a team of attorneys from Hunton Andrews Kurth LLP and Cleary Gottlieb Steen & Hamilton LLP to guide its pre-negotiated Chapter 11 plan to trade debt for equity.

  • September 02, 2026

    Linqto Founder Engineered $450M 'Pre-IPO' Fraud, Feds Say

    The founder of Linqto, a bankrupt platform that allows investors to buy shares before their initial public offerings, was arrested in California Wednesday and charged in New York federal court with a $450 million price markup scheme.

  • September 01, 2026

    High Court Should Skip Ruby Tuesday Benefits Suit, SG Says

    The U.S. solicitor general has urged the Supreme Court to decline to consider a suit from former Ruby Tuesday executives alleging Regions Bank inadequately protected their retirement plan benefits that were liquidated in bankruptcy, saying the "idiosyncratic" nature of the dispute makes it a poor candidate for high court review.

  • September 01, 2026

    Catching Up With New Bankruptcy Case Action

    A winery in California's Napa Valley struggling to recover from wildfires hit Chapter 11. A vertical farming startup whose products were distributed by a dozen supermarket chains was forced to liquidate. And a military contractor foundered after losing a crucial government agency as a client.

  • September 01, 2026

    Ex-CEO Of Bankrupt Diamond Co. Hit With SEC Allegations

    The U.S. Securities and Exchange Commission has sued Mordechai Haim Ferder, the ex-CEO of bankrupt Lugano Diamonds & Jewelry Inc., and his wife to recover more than $17.7 million they allegedly reaped through a fraudulent diamond investment scheme via trusts they controlled.

  • September 01, 2026

    Defense Contractor Says Lenders Want Quick End To Ch. 11

    Noble Supply & Logistics on Tuesday told a Delaware bankruptcy judge that its lenders have given it 75 days to wrap up its Chapter 11 case in exchange for allowing the defense contractor to use their collateral to fund its efforts to settle disputes with the government and find an asset buyer.

  • September 01, 2026

    First Brands Objectors File Alternative Ch. 7 Conversion Order

    A group of affiliates of Evolution Credit Partners filed their own version of a Chapter 7 conversion order in the bankruptcy case of First Brands Group, saying the debtor's proposal does not preserve any rights to disputed collateral and assumes the payment of the debtor's professional fees.

  • September 01, 2026

    Judge Backs Carlton Fields' Bid To Seek Miss America Fees

    A Florida federal magistrate judge on Tuesday recommended allowing Carlton Fields PA to intervene in a $500 million dispute over the ownership of the Miss America competition, one day after the company's CEO filed a new suit against its former counsel.

  • September 01, 2026

    Ex-Judge To Guide Fund Wind-Down In Elliott-Stronghold Row

    A Delaware vice chancellor has appointed former U.S. Bankruptcy Judge Christopher S. Sontchi as a special magistrate to oversee the wind-down of an oil and gas investment fund at the center of litigation between Elliott Investment Management LP and Stronghold Resource Partners.

  • September 01, 2026

    Fla. Bar Seeks Protective Order Against Suspended Atty

    The Florida Bar has asked the state's highest court for a protective order to "substantially" limit a suspended lawyer's "unduly burdensome" and "excessive" initial request for production of documents in a protracted disciplinary proceeding.

  • September 01, 2026

    Judge OKs Liquidation Plan For Nicklaus-Founded Golf Co.

    A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 plan for a golf merchandise and course design company founded by legend Jack Nicklaus after hearing there was no opposition to how the plan will split up the company's remaining assets.

  • August 31, 2026

    TelePacific Accuses Software Co. Of Ch. 11 Stay Violations

    Bankrupt telecommunications company U.S. TelePacific Corp. sued software service provider Arista Networks Inc., accusing Arista of withholding tech support to force the debtor to switch from a contractual services model to a subscription model, despite having received millions of dollars in contract payments.

  • August 31, 2026

    Salad And Go Auction OK'd, Camp Mystic Seeks Trustee

    Salad and Go won approval to auction about 130 leases, Camp Mystic families said they plan to seek a trustee to oversee the bankruptcy case. Insurance holding firm Hallmark Financial Services won confirmation of its Chapter 11 plan, and GoldenPeaks Poland secured approval to liquidate after an asset sale. 

  • August 31, 2026

    Genesis Says $150M Deal Sets Up Chapter 11 Exit

    Nursing home operator Genesis Healthcare sought emergency approval of a settlement that would bring in $150 million, eliminate almost $431 million in claims and secure creditors' support for a plan to exit its Texas Chapter 11.

Expert Analysis

  • Administrative Disaster At Bankruptcy Courts May Be In Sight

    Author Photo

    If, as a result of voluntary resignations or terminations, the professional staff of the U.S. Trustee's Office is depleted, it will undoubtedly cause a slowdown in the administrative process for the significant majority of bankruptcy cases, says Charles Tatelbaum at Tripp Scott.

  • An Unrestrained, Bright-Eyed View Of Legal AI's Future

    Author Photo

    Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.

  • Tracking The Evolution In Litigation Finance

    Author Photo

    Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.

  • Law School's Missed Lessons: Preparing For Corporate Work

    Author Photo

    Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.

  • A Cold War-Era History Lesson On Due Process

    Author Photo

    The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.

  • Improv Makes Me A Better Lawyer

    Author Photo

    Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.

  • How BigLaw Executive Orders May Affect Smaller Firms

    Author Photo

    Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.

  • Lawsuits Shouldn't Be Shadow Assets For Foreign Capital

    Author Photo

    Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • How To Accelerate Your Post-Attorney Career Transition

    Author Photo

    Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.

  • Law School's Missed Lessons: Be An Indispensable Associate

    Author Photo

    While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.

  • 23andMe Case Highlights Privacy Complexities In Ch. 11

    Author Photo

    Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.

  • Birding Makes Me A Better Lawyer

    Author Photo

    Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.

  • Adapting To Private Practice: From DOJ Leadership To BigLaw

    Author Photo

    The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.

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