Mid Cap
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September 08, 2025
London Insurers Owe Full Coverage Limits To NY Archdiocese
Certain underwriters at Lloyd's of London and other London market insurers must pay their full applicable policy limits under policies issued to the Archdiocese of New York, a state court ruled Monday in the archdiocese's suit seeking coverage for thousands of sexual abuse claims.
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September 08, 2025
Demand Dip, Investor Dispute Led Walker Edison To Ch. 11
Declining consumer demand, rising operating costs and mounting financial pressures — along with ongoing litigation between Walker Edison and its former shareholders brought by both the company and its prepetition term lenders — drove the online furniture retailer to seek bankruptcy protection in Delaware.
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September 08, 2025
Atty Tells Disciplinary Panel $250K Demand Wasn't Blackmail
A Pennsylvania attorney facing discipline for allegedly threatening to blackmail a client's debtor was rightfully trying to collect on a long-standing, highly litigated debt, a state disciplinary hearing panel heard Monday.
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September 08, 2025
Catching Up With Delaware's Chancery Court
Last week at the Delaware Court of Chancery, a bankruptcy administrator for a generic drugmaker formerly known as Teligent was told he can proceed with duty of oversight claims against most former officers and directors of the company, who the administrator said was complicit in the company's collapse. In an opinion, the Court of Chancery cites its 1996 decision In re Caremark International Inc. Derivative Litigation, which refined director duties of care and oversight.
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September 08, 2025
Attys Accused Of Filing Fake Docs In Miss America Dispute
A real estate developer, his associates and his current and past attorneys submitted fake contracts as evidence of their ownership of the company that runs the Miss America pageant in a $500 million lawsuit and should face sanctions, the plaintiffs — who allege they're the rightful owners — told a Florida federal judge Saturday.
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September 08, 2025
23andMe's Ch. 11 Sale Flouted State Privacy Law, Calif. Says
The state of California has asked a Missouri federal judge to undo the $305 million bankruptcy sale of consumer DNA testing group 23andMe, arguing it sidestepped state consumer data protections.
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September 08, 2025
NY Diocese Wins OK Of Ch. 11 Plan, Yellow Nears Approval
A New York judge authorized the Chapter 11 plan of the Roman Catholic Diocese of Rochester, Yellow Corp.'s newest bankruptcy plan disclosure statement won tentative approval, and Monster.com was given the go-ahead to begin collecting votes on a Chapter 11 plan. This is the week in bankruptcy.
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September 05, 2025
Near Ch. 11 Litigation Trustee Sues MobileFuse In Del.
A litigation trustee for bankrupt data analytics company Near Intelligence Inc. has sued New York-based digital ad company MobileFuse LLC in the U.S. Bankruptcy Court for Delaware, alleging a multiyear circular payment conspiracy that cost Near more than $50.7 million.
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September 05, 2025
Trio Of Pros Oversee Patient Care In Genesis' Ch. 11
Three legal and restructuring professionals from across the country have been appointed to monitor the care of about 15,000 patients living in facilities operated by the bankrupt nursing home chain Genesis Healthcare Inc. as part of the company's Chapter 11 in Texas.
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September 05, 2025
Nikola Ch. 11 Plan OK'd Despite Founder's Pardon Objection
A Delaware bankruptcy judge Friday approved the Chapter 11 plan of electric-truck maker Nikola Corp., overruling an objection from the company's former CEO that was tied to his treatment under the plan and a pardon issued by President Donald Trump.
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September 05, 2025
Trucking Co. Owners Seek Ch. 15 Nods For Their Bankruptcies
Founders of bankrupt trucking group Pride Group Holdings Inc. have asked a Delaware bankruptcy court to recognize their personal Canadian bankruptcies, saying they filed for Chapter 15 to once again pause litigation by a Mitsubishi-connected lender.
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September 05, 2025
What's Happening In Bankruptcy Court This Coming Week
Spirit Airlines will ask a New York bankruptcy court for permission to use cash collateral in its latest Chapter 11. A Texas bankruptcy judge will weigh chipmaker Wolfspeed's disclosure and Chapter 11 plan. And courts in Delaware and New York will hold omnibus hearings for SVB Financial Group and Claire's.
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September 05, 2025
Dolphin Co. Unit Scores Final Approval For $129M DIP
A Delaware bankruptcy judge granted final approval Friday to a bankruptcy financing request from an insolvent subsidiary of The Dolphin Co., allowing the debtor to access up to $129 million, in a ruling that was delayed for months due to what the company described as obstruction by its former CEO in the provision of key financial information.
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September 05, 2025
Not That Zuckerberg: Atty Sues Meta Over FB Page Takedown
Indianapolis bankruptcy attorney Mark S. Zuckerberg is suing Meta Platforms Inc. after his firm's commercial Facebook account was repeatedly suspended because of his shared name with the tech company's CEO and founder.
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September 05, 2025
Conn. Biotech Hits Ch. 11 With $2.7M Debt After Patent Suit
A Connecticut biotech company has filed a voluntary Chapter 11 petition claiming at least $2.7 million in liabilities, mostly debts to Quinn Emanuel Urquhart & Sullivan LLP and Verrill Dana LLP, after both law firms represented it in a since-settled Massachusetts stem cell patent lawsuit.
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September 05, 2025
Ex-Bankruptcy Clients Defend Deal Over Jackson Walker Affair
Former Jackson Walker LLP bankruptcy clients said Friday that a proposed settlement meant to resolve a dispute regarding the concealed romance between a judge and attorney should go through as planned because the U.S. Trustee lacks jurisdiction to challenge the deals.
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September 05, 2025
Rochester Diocese's $246M Abuse Settlement Plan Approved
A New York bankruptcy judge on Friday approved the Roman Catholic Diocese of Rochester's $246 million Chapter 11 plan to the sound of applause as a six-year-old effort to craft a plan to pay sexual abuse claimants rolled to a conclusion.
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September 04, 2025
Colo. Developer Says Wash. Atty Botched Bankruptcy Case
A Colorado company has hit a law firm and one of its former bankruptcy attorneys with a legal malpractice suit in Washington federal court, alleging that the defendants' "negligence" caused the business to lose properties worth more than $5 million in its Chapter 11 case.
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September 04, 2025
San Francisco Archdiocese Claimants Must Refile Affiliate Suit
A California bankruptcy judge on Thursday told the unsecured creditors committee in the Chapter 11 of the Archdiocese of San Francisco to refile a complaint seeking to declare parish assets estate property, saying the "substance" of the arguments was enough to go forward to trial.
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September 04, 2025
Under The Radar: Bankruptcy News You May Have Missed
FTX's recovery trust sued a former executive to recoup potential fraudulent transfers it alleged were used to buy Maryland real estate. A lender for two bankrupt sand mining companies in Texas asked for the debtors' cases to be moved from the Northern District of Texas to the state's western district. And the city of Pittsburgh raised red flags around the sale of an affordable housing complex through a bankruptcy sale it argued could be abetting fraud.
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September 04, 2025
Solar Co. Mosaic Gets OK For Debt-For-Equity Ch. 11 Plan
A Texas bankruptcy judge Thursday approved residential solar panel financing firm Mosaic's plan to reorganize and hand ownership of its loan servicing business to its secured lender, after no buyers came forward at a Chapter 11 auction.
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September 04, 2025
NJ Judge Greenlights Ch. 11 Plan For Real Estate Firm
A New Jersey federal judge said Thursday he will approve a Chapter 11 plan for a troubled real estate investment firm that includes selling an affordable housing complex in Pittsburgh and creating a litigation trust to recover hundreds of millions allegedly stolen by the company's now-imprisoned founder.
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September 04, 2025
Judge OKs 3D Printing Co.'s $7.25M In Ch. 11 Sales
A Texas bankruptcy judge on Thursday approved two sales of Desktop Metal's remaining U.S. operating assets totaling $7.25 million, as the bankrupt 3D printing company looks to quickly exit Chapter 11.
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September 03, 2025
FINRA Targets Ex-Synapse Officers Over Supervisory Failures
The Financial Industry Regulatory Authority has filed an enforcement action against two former executives of a subsidiary of bankrupt fintech company Synapse, alleging that they failed to properly supervise the subsidiary's cash management program ahead of the middleware provider's collapse.
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September 03, 2025
3rd Circ. Says Preclusion Ends NJ Foreclosure Fight
The Third Circuit affirmed a bankruptcy court's order allowing Nationstar Mortgage to proceed with a home foreclosure sale, finding that the homeowner was trying to relitigate the exact same issues she had already lost in state court.
Expert Analysis
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Playing The Violin Makes Me A Better Lawyer
Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.
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Law School's Missed Lessons: Practicing Self-Care
Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard at MG+M.
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ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'
The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.
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My Opera And Baseball Careers Make Me A Better Lawyer
Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.
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Despite Dark Clouds, Outlook For US Solar Has Bright Spots
While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy industry, signs of continued growth in solar generating capacity and domestic solar manufacturing suggest that there is a path forward, say attorneys at Beveridge & Diamond.
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Law School's Missed Lessons: Communicating With Clients
Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.
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Adapting To Private Practice: From US Rep. To Boutique Firm
My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.
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Senate's 41% Litigation Finance Tax Would Hurt Legal System
The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.
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Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.
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Law School's Missed Lessons: Rejecting Biz Dev Myths
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
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Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.