Mid Cap

  • October 13, 2026

    ProPhase Units Can Seek Plan Votes After Claim Set At $25M

    The bankrupt COVID-19 testing arm of ProPhase Labs can seek votes on its Chapter 11 plan after a New Jersey bankruptcy judge granted interim approval to the company's disclosure statement.

  • October 13, 2026

    CarePoint Owes 401(k) Payments Post-Ch. 11, Union Says

    A healthcare workers union has accused CarePoint Health and operators that took over two of its New Jersey hospitals of failing to make 2024 retirement fund contributions under a settlement in the defunct nonprofit's Delaware bankruptcy case.

  • October 13, 2026

    Health Co. Mirra-Access Hits Ch. 11 To Deal With $400M Loan

    Healthcare company Mirra-Access is seeking Chapter 11 protection in a Florida bankruptcy court with more than $100 million in debt and plans to restructure a loan facility with a firm tied to Franklin Templeton.

  • October 13, 2026

    Character.AI Files Ch. 11 With $20M Sale Bid From Disney

    Artificial intelligence entertainment platform Character Technologies has filed for Chapter 11 protection in Delaware with more than $50 million in debt, saying it was sunk by high operating and legal costs and plans an asset auction with a baseline $20 million bid from Disney.

  • October 09, 2026

    Real Estate Recap: Q3 Deals, NYC Renos, Calif. Data Center Laws

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at the top real estate deals of the third quarter, and conversations with leading attorneys on older New York City buildings and new California data center laws.

  • October 09, 2026

    Flood Suits Will Go On After Camp Mystic Control Ruling

    A Texas bankruptcy judge agreed to modify the automatic stay in the Chapter 11 case of summer camp operator Camp Mystic late Friday to allow lawsuits from the victims of a deadly 2025 flood to proceed once the bankruptcy court rules on contentious control issues in the case.

  • October 09, 2026

    Australian Debtors' $1,250 Retainers Meet Ch. 15 Test

    The liquidator of companies owned by a family accused of a decadeslong tax fraud scheme in Australia have adhered to Chapter 15's eligibility requirements with $1,250 retainers, a New York federal judge has found, affirming a bankruptcy court's recognition order.

  • October 09, 2026

    What's Happening In Bankruptcy Court This Coming Week

    Searles Valley will vie for conditional approval of a plan and disclosure, a restaurant chain will seek the all-clear for its bidding procedures and a judge will contemplate Genesis Healthcare's bid for plan confirmation.

  • October 09, 2026

    US Trustee Questions Releases In SF Archdiocese Ch. 11 Plan

    The U.S. Trustee's Office asked a California bankruptcy judge to reject the Archdiocese of San Francisco's Chapter 11 plan disclosure unless it explains why sexual abuse claimants must waive their claims to benefit from the plan.

  • October 09, 2026

    US Trustee Says Buffalo Diocese Insurer Deal Overreaches

    The U.S. Trustee's Office has urged a New York bankruptcy judge to reject what it described as a bid by the Diocese of Buffalo to shield insurance carriers from third-party legal claims through a $177 million settlement, a deal underpinning the debtor's plan to compensate sexual abuse survivors by creating a roughly $327 million trust.

  • October 09, 2026

    Calif. Friars Seek OK For $26M Insurer Deal

    An organization of Franciscan Friars in California has asked a bankruptcy judge to approve a $25.7 million settlement with its insurance carriers that the debtor said will help fund a trust with a total value of $45 million to compensate victims of sexual abuse.

  • October 09, 2026

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

    The past week in London has seen PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.

  • October 08, 2026

    Big Corporate Ch. 7s And 11s Up 22% In Turbulent Economy

    Filings of large corporate bankruptcies were 22% higher than the historical average in the 12 months through June, with debtors citing a mercurial regulatory environment exacerbated by consumer uncertainty, according to a new report released Thursday.

  • October 08, 2026

    Camp Mystic Says No Ch. 11 Trustee Needed After Changes

    Bankrupt sleep-away camp operator Camp Mystic has told a Texas court the appointment of a Chapter 11 trustee is not justified since the debtor made adjustments to its corporate governance practices and installed an independent director.

  • October 08, 2026

    Nikola's Pardoned Ex-CEO Seeks To Flip Ch. 11 Claim Ruling

    The former CEO of electric-truck maker Nikola has asked the Third Circuit to review a Delaware federal judge's decision that his nearly $70 million bankruptcy claim against his former company was properly subordinated in the debtor's Chapter 11, despite a pardon from President Donald Trump.

  • October 08, 2026

    NJ Event Venue Gets OK For Reworked Ch. 11 Plan

    The company behind a New Jersey event venue called The Chariot received confirmation of its Chapter 11 plan, which will hand over the reorganized company to two investors.

  • October 08, 2026

    Fla. Court Vacates $5 Law Firm Sales In Litigation Funder Suit

    A Florida state court vacated an order allowing a discount sale of an attorney's $20 million worth of shares in three law firms to a litigation funder seeking to collect on an out-of-state judgment, saying the auction notice wasn't issued properly. 

  • October 07, 2026

    Meet The Judge Overseeing Deal Talks In Wash. City's Ch. 9

    U.S. Bankruptcy Judge Christopher M. Klein will preside over settlement discussions between Cle Elum, Washington, and its creditors, which are hoping the judge's experience in municipal bankruptcy can help them reach an agreement ending the city's Chapter 9 proceeding.

  • October 07, 2026

    Shaky Term Sheets Sank 1300 Desert's $33M Exit Loan

    A missing signature, inadequate evidence and uncertainty about follow-through thwarted a New Mexico industrial property's bid for $33 million in exit financing in its Chapter 11 case, a New York bankruptcy judge told the court in a bench opinion the debtor is now appealing and its owner is seeking to have reconsidered.

  • October 07, 2026

    WilmerHale Appoints New Chair For Restructuring Team

    WilmerHale announced Wednesday that it has appointed a former Latham & Watkins LLP partner to chair the firm's transactional bankruptcy and financial restructuring practice.

  • October 07, 2026

    Texas Apartment Owner Hits Ch. 11 With Over $50M In Debt

    A single-asset real estate holding firm tied to an apartment complex near Dallas has filed for Chapter 11 relief in the Northern District of Texas, listing more than $50 million in liabilities.

  • October 07, 2026

    Polsinelli Names 2 Restructuring & Strategic Capital Leaders

    Polsinelli PC has two new leaders for its restructuring and strategic capital practice, the firm announced Wednesday.

  • October 07, 2026

    Staffing Co. Must Pay EEOC Remainder Of $276K Bias Deal

    A Washington federal judge found a staffing company violated the terms of a $276,000 settlement it reached with the U.S. Equal Employment Opportunity Commission to close a bias investigation, siding with the EEOC's suit that the business failed to pay up more than half the money it owed.

  • October 06, 2026

    GloriFi Founder Asks To Join $1.7B Winston Taylor Ch. 7 Suit

    The founder of defunct "anti-woke" fintech group GloriFi has asked to intervene in a Chapter 7 malpractice lawsuit against Winston Taylor's predecessor firm, saying the Texas lawsuit is centered on him.

  • October 06, 2026

    CaaStle Approved For $3.5M Settlement With Ex-Leadership

    The Chapter 7 trustee of fashion industry software company CaaStle Inc. received approval Tuesday from a Delaware bankruptcy judge for a $3.5 million settlement of his lawsuit against former directors and officers of the company he accused of fraud and breaches of fiduciary duty.

Expert Analysis

  • Why And How To Build A Neurodiversity-Informed Practice

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    By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.

  • Illinois Banking Brief: All The Notable Legal Updates In Q3

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    Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digital asset tax, say attorneys at Barnes & Thornburg.

  • Foreclosure May Not Be The Fix For Distressed Office Loans

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    Recently declining office values show that distressed borrowers and lenders should consider negotiated workouts, tax planning and value-preserving leasing strategies as refinancing gaps and special-servicing constraints make foreclosure an increasingly costly last resort, says Howard Koh at Meister Seelig.

  • AI Meeting Recaps Pose New Discovery And Privilege Risks

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    The New York City Bar Association’s recent ethics opinion, cautioning attorneys not to record nonclient conversations with artificial intelligence tools, reflects an emerging view that AI meeting recaps are now a distinct business record category, meaning counsel should set meeting-level controls and apply framework-level updates, says William Wright at Faegre Drinker.

  • Playing Bid Whist Makes Me A Better Lawyer

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    As a child, I viewed bid whist as a family tradition and a source of friendly card game competition, but as a lawyer, I see it as a tool that has helped me cultivate skills like communication, teamwork, risk assessment and composure, says Keyonn Pope at Riley Safer.

  • Calif. Bill Goes Too Far In Trying To Regulate Attorney AI Use

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    California’s first-in-the-nation act regulating how attorneys and arbitrators use generative artificial intelligence will likely soon become law, but read broadly, the provisions may dissuade lawyers from employing AI at all, thereby depriving them of key work tools, says Joshua Wurtzel at Schlam Stone.

  • How Cannabis Rescheduling Is Reshaping Bankruptcy

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    As broader cannabis rescheduling awaits a recommended decision, cannabis companies continue to test the boundaries of the Bankruptcy Code, with the recent Cannabist Chapter 15 recognition order suggesting that governmental resistance may be reduced in future filings, say attorneys at Thompson Coburn.

  • How Boards, Lenders Can View ABC Bankruptcy Alternative

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    The broader adoption of the Uniform Assignment for the Benefit of Creditors Act, including Delaware's recent statute, gives boards and lenders a clearer framework for a familiar middle-market problem: companies too small to justify Chapter 11 economics but too complex for an unmanaged shutdown, says Jon Labovitz at Sherwood.

  • Ch. 11 Ruling Offers A Drafting Guide For 3rd-Party Releases

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    A recent Puerto Rico bankruptcy court decision in Grupo Hima San Pablo has provided important guidance and a concrete playbook for drafting consensual third-party releases following the U.S. Supreme Court's 2024 decision in Harrington v. Purdue Pharma, say attorneys at Eversheds Sutherland.

  • Law School's Missed Lessons: Cultivating Good Judgment

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    Law schools generally overlook the role that solid judgment skills play in real-world practice, but attorneys can bridge the gap by strengthening their abilities to assess a case’s strengths and weaknesses, develop and execute effective strategies, and provide clear recommendations to clients, says Manny Caixeiro at Venable.

  • A Lender's Guide To Fraud: Safeguarding Collateral

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    Recent bankruptcies illustrate that lenders should strengthen credit covenants, collateral field exams and third-party verification in order to detect double-pledging, fabricated assets and documentation fraud enabled by artificial intelligence before losses become unrecoverable, say attorneys at Moore & Van Allen.

  • Lessons For Banks When A Fintech Partner Fails

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    Recent fintech bankruptcies highlight best practices for how banks can strengthen third-party oversight, data-access rights, wind-down planning and customer communications to limit regulatory exposure and consumer harm when a fintech partner collapses, say attorneys at Barack Ferrazzano.

  • Voyager Ruling Maps Out Ch. 11 Exculpation Lessons

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    Chapter 11 plan proponents drafting exculpation provisions may benefit from contrasting the exculpatory language recently invalidated by a New York federal court in the Voyager Digital Holdings case with successful recent use of these provisions in confirmed bankruptcy plans, say attorneys at Debevoise.