Mid Cap
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February 06, 2026
TPG Hid Exactech Defects To Dodge Liability, Trust Alleges
The settlement trust of joint implant maker Exactech filed a billion-dollar lawsuit in Delaware Chancery Court against TPG Inc., accusing the private equity firm of controlling Exactech after buying it in 2018, concealing the implants' defects, delaying product recalls and pushing the company into Chapter 11 to avoid liability.
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February 06, 2026
Francesca's Can Proceed With Store Closing Sales In Ch. 11
National women's clothing retailer Francesca's received approval Friday in New Jersey bankruptcy court to tap into the cash collateral of its lenders to support a wind-down of its operations, including conducting going-out-of-business sales at its 400 locations.
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February 06, 2026
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy judges this week are set to consider granting approval of billions of dollars in Chapter 11 financing to support Saks, a request by FAT Brands investors to suspend the company's CEO, and bidding procedures for an asset sale by urgent care clinic operator Carbon Health.
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February 06, 2026
Partnership Asks Justices To Restore $23M Loss Deduction
A partnership asked the U.S. Supreme Court to revive its $23 million loss deduction involving a Brazilian company, saying in a petition docketed Friday that the Second Circuit wrongly blocked a key argument and that an IRS anti-abuse regulation applied against the partnership should be invalidated.
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February 05, 2026
Buffalo Diocese Abuse Settlement Rises To $315M In Ch. 11
The Roman Catholic Diocese of Buffalo is making progress in settling roughly 900 claims of child sexual abuse, with the financial settlement approaching $315 million, counsel for the unsecured creditors committee in the diocese's Chapter 11 case announced Thursday.
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February 05, 2026
Chubb 'Secret' Abuse Website Risks Industry Trust, Attys Say
An accusation by the Archdiocese of New York that Chubb waged a "shadow campaign" against the church while also defending a slew of sex abuse suits against the church has the potential to disrupt trust in the insurance market.
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February 05, 2026
Ex-Alex Jones Atty Asks Conn. Justices To Nix Suspension
A Connecticut attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case has asked the state's highest court to consider whether it was proper for a judge to suspend his law license for violating a protective order governing Sandy Hook families' personal information.
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February 05, 2026
Home Goods Biz Food52 Gets 5-Member Creditor Committee
The Office of the U.S. Trustee has seated five trade creditors on home goods e-commerce brand Food52's unsecured creditors' committee, down from a seven-member committee formed last month in the Delaware Chapter 11.
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February 05, 2026
Under The Radar: Bankruptcy News You May Have Missed
A judge converted Dormify's Chapter 11 case to a Chapter 7, a Canadian clothier's foreign representative asked to close the U.S. portion of its insolvency proceedings, and the liquidation trustee for Bernie Madoff's estate lost an effort to add $7 million more in claims to a clawback case.
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February 05, 2026
Fulcrum Bionergy Reaches Deal On Abengoa Claims In Ch. 11
The liquidation trust for Fulcrum Bioenergy proposed a settlement with Spanish energy company Abengoa SA in Delaware bankruptcy court that would resolve years of disputes between the parties over contract performance, with amounts of about $400 million in dispute.
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February 05, 2026
Stoli To Get Ch. 11 Trustees, Resolving Conversion Bid
Chapter 11 trustees will take over liquor brand Stoli and an affiliate under a cash collateral deal approved by a Texas bankruptcy judge Thursday that also diffuses Chapter 7 liquidation conversion motions.
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February 05, 2026
Kaufman Dolowich Picks Up 7 McGlinchey Stafford Attys
A group of seven former McGlinchey Stafford PLLC attorneys with a mix of practices have found a new home in Kaufman Dolowich LLP.
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February 05, 2026
Defunct Gov't Contractor Found In Contempt Of Asset Freeze
The U.S. Bankruptcy Court for the District of Delaware has held the owners and affiliates of a defunct government contractor in contempt for violating a court-ordered asset freeze, concluding that they improperly sold a Missouri property that had been expressly barred from transfer while a $14 million clawback suit proceeds.
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February 05, 2026
Ice Miller Arrives In Del. With Potter Anderson Bankruptcy Ace
Ice Miller LLP has opened an office in Delaware by bringing on an experienced bankruptcy attorney from Potter Anderson & Corroon LLP, which the firm's chief managing partner said is a strategic move to give the national firm a footprint in another key legal market.
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February 05, 2026
Retailer Francesca's Hits Ch. 11 To Support Wind-Down
Francesca's, a women's clothing boutique, filed for Chapter 11 bankruptcy relief Thursday in New Jersey to support an orderly store closing and wind-down of its business.
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February 04, 2026
American Signature Furniture Gets Ch. 11 Sale OK In Del.
The bankrupt American Signature Furniture secured approval late Wednesday to move forward with a nearly $159 million sale to its top creditors — interests of the Schottenstein family of companies — after they emerged as the sole bidders in the company's Chapter 11 sale in Delaware.
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February 04, 2026
Bankruptcy Improvement Act Sent To President For Approval
The Bankruptcy Administration Improvement Act of 2025 that sailed through Congress last month has made it to the desk of President Donald Trump and is awaiting his signature.
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February 04, 2026
Insurer Objects To $8M Claim Deal In Albany Diocese Ch. 11
Lloyd's Of London and other insurers objected Tuesday to a motion from the bankrupt Roman Catholic Diocese of Albany, New York, seeking to allow an $8 million judgment in favor of an individual abuse claimant, saying the proposal runs afoul of an earlier order of the bankruptcy court prohibiting such judgments.
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February 04, 2026
Creditors Say Nursing Home Out Of Time To File Ch. 11 Plan
Unsecured creditors of the owner of a Long Island nursing home have asked a New York bankruptcy judge to deny the debtor any more extra time during which it has the exclusive right to file a liquidation plan, saying its proposed plan is unconfirmable.
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February 04, 2026
Norcold's Ch. 11 Insider Sale Gets Court Nod
A Delaware bankruptcy judge Wednesday approved the sale of recreational-vehicle fridge distributor Norcold LLC's assets to an insider, finding the sale of litigation claims did not amount to releases for the insiders.
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February 04, 2026
Meet The Attorneys Helping Nine Energy In Its Ch. 11
Oilfield service provider Nine Energy Services has tapped attorneys from Kane Russell Coleman Logan PC and Kirkland & Ellis LLP to lead it through the Chapter 11 case it began in order to address nearly $400 million in debt.
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February 03, 2026
Sealed Letter Halts Sentencing Of 50 Cent's Ex-Associate
The sentencing of a former executive at rapper Curtis "50 Cent" Jackson's liquor brand came to an 11th-hour halt Tuesday following the prosecution's letter suggesting he violated his agreement in which he pled guilty to fraud.
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February 03, 2026
Coverage Barred For Mortgage Fee Dispute, 2nd Circ. Says
Insurers for a bankrupt financial services company are not obligated to cover settlement payments and defense costs stemming from a pair of mortgage fee class actions, the Second Circuit affirmed Tuesday, finding the claims fall squarely within an exclusion for fee-related losses.
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February 03, 2026
Nine Energy Gets OK For DIP, March 4 Plan Hearing
A Texas bankruptcy judge Tuesday gave oilfield service provider Nine Energy Services interim approval to tap into $56 million in Chapter 11 financing and set an early March hearing for the company's prepackaged equity-swap reorganization plan.
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February 03, 2026
Google Erroneously Removed Biz Profile, Colo. Law Firm Says
Google's artificial intelligence summary erroneously referred to a nonexistent false review of a Denver bankruptcy law firm before Google removed the firm's business profile without explanation, the firm told a Colorado state court.
Expert Analysis
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When Investigating An Adversary, Be Wary Of Forged Records
Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research.
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3 Ways To Train Junior Lawyers In 30 Minutes Or Less
Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.
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The Bar Needs More Clarity On The Discovery Objection Rule
Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.
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So You Want To Move Your Law Practice To Canada, Eh?
Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.
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A Strategic Checklist For Bankruptcy Motion Objections
Excerpt from Practical Guidance
Hewing to a set of best practices for objecting to a motion in bankruptcy cases can help creditors’ counsel stay on track as they juggle deadlines and jurisdictions, determine whether filing will help or harm the client, and negotiate with the debtor.
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The 3rd-Party Bankruptcy Release Landscape After Purdue
In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis.
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Striking A Balance Between AI Use And Attorney Well-Being
As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.
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Being An Artist Makes Me A Better Lawyer
My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.
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Bankruptcy Decision Exemplifies Venue Issue For Franchisees
A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on assumption of executory franchise contracts highlights the issue of whether franchisee debtors can qualify for case venue in friendlier circuits, says David Gamble at Parkins Rubio.
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Lawyers With Disabilities Are Seeking Equity, Not Pity
Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.
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Judicial Committee Best Venue For Litigation Funding Rules
The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.
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The Strategic Advantages Of Appointing A Law Firm CEO
The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.
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What Being An 'Insider' Means In Ch. 11, And Why It Matters
As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.