Large Cap

  • 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.

  • May 01, 2026

    McDermott Adds Restructuring Pros From Ropes & Gray In NY

    McDermott Will & Schulte announced Friday the firm has scaled up its restructuring practice with a new partner based in New York, who has come aboard from Ropes & Gray LLP.

  • May 01, 2026

    Saks Gets OK For Plan Disclosure With Creditor Deal

    A Texas bankruptcy judge Friday approved Saks Global's Chapter 11 plan disclosure statement after hearing the retailer had struck a deal to split future litigation proceeds between the providers of its bankruptcy financing and its unsecured creditors.

  • April 30, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    MMA Law made a bid to protect its sole attorney in state court cases, Everstream sued Dish alleging late compensation, and Weiss Multi-Strategy Advisers brought a lawsuit against Bloomberg Finance LP to recover $135,000.

  • April 30, 2026

    U.S. Trustee, Minority Lenders Oppose Del Monte Ch. 11 Plan

    The U.S. Trustee and two groups of minority lenders filed objections to the proposed Chapter 11 plan of Del Monte Foods in New Jersey court, taking aim at the plan's release provisions and the treatment of minority claims.

  • 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.

Expert Analysis

  • Rethinking Litigation Risk And What It Really Means To Win

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    Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.

  • Lessons From Two New Year's Eve Uptier Exchange Decisions

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    On the last day of 2024, two different courts issued important decisions relating to non-pro rata uptier exchanges — and while they differ, both rulings highlight that transactions effected in reliance on undefined terms in debt agreements come with increased risk, say attorneys at Simpson Thacher.

  • Playing Rugby Makes Me A Better Lawyer

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    My experience playing rugby, including a near-fatal accident, has influenced my legal practice on a professional, organizational and personal level by showing me the importance of maintaining empathy, fostering team empowerment and embracing the art of preparation, says James Gillenwater at Greenberg Traurig.

  • No, Litigation Funders Are Not 'Fleeing' The District Of Del.

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    A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.

  • 5 E-Discovery Predictions For 2025 And Beyond

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    In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.

  • 7 Ways 2nd Trump Administration May Affect Partner Hiring

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    President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.

  • E-Discovery Quarterly: Rulings On Custodian Selection

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    Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.

  • Exercising On My Peloton Bike Makes Me A Better Lawyer

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    While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.

  • 3 Factors Affecting Retail M&A Deals In 2025

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    Retailers considering mergers and acquisitions this year face an evolving antitrust environment, including a new administration under President-elect Donald Trump, revised merger guidelines and a precedent set last year by a canceled $8.5 billion handbag merger, say attorneys at DLA Piper.

  • Exploring Venue Strategy For Trump-Era Regulatory Litigation

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    Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.

  • Consultants Should Be Aware Of DOJ's Potential New Reach

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    The U.S. Department of Justice's recent first-of-its-kind settlement with McKinsey & Co. indicates not only the DOJ's more aggressive stance toward businesses' potential criminal wrongdoings, but also the benefits of self-disclosure and cooperation when wrongdoing becomes apparent, says Dom Caamano at Kibler Fowler.

  • Playing Esports Makes Me A Better Lawyer

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    Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.

  • An Associate's Guide To Career Development In 2025

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    As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.

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