Mid Cap
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July 22, 2025
States, Asbestos Claimants Seek Claim Purge Block In Del.
An attorney for companies embroiled in asbestos injury suits urged a Delaware vice chancellor Tuesday to block plans by asbestos bankruptcy claims trusts to begin routine destruction of exposure-related data, arguing that the move would cut off a potential last-resort source of information.
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July 22, 2025
WilmerHale Can Advise 23andMe Ch. 11 Data Ombudsman
A Missouri bankruptcy judge ruled Tuesday that 23andMe's consumer privacy ombudsman can hire WilmerHale, finding the firm's work for a would-be buyer of the genetic testing company's assets hadn't impacted its representation of the ombudsman.
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July 22, 2025
Pet Care App Wag! Can Tap $4M Of $6.5M DIP Loan
A Delaware bankruptcy judge on Tuesday granted interim approval for pet care app company Wag! to gain access to $4 million in postpetition financing, backed by its prepetition lender, which would support the company's continued operations and the consummation of its reorganization plan.
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July 22, 2025
Ch. 11 Judge Escapes Energy Drink Co. Founder's Bias Suit
A Florida bankruptcy judge was freed Tuesday from a suit alleging he was biased while presiding over the Chapter 11 case of the company behind Bang energy drinks.
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July 22, 2025
Catching Up With New Bankruptcy Case Action
A medical testing device manufacturer hit Chapter 11 in Texas with plans for a debt-equity swap. A pet care app firm entered bankruptcy in Delaware with hopes of completing a quick, prepackaged restructuring. And a work wear company filed a Chapter 11 petition in New Jersey, blaming its lender for its financial woes.
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July 22, 2025
Meet The Judge Joining the EDNY Bankruptcy Bench
Long Island bankruptcy attorney Sheryl P. Giugliano will be joining the bankruptcy bench for the Eastern District of New York, the U.S. Court of Appeals for the Second Circuit has announced.
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July 21, 2025
Gov't IT Provider Can Hire Cullen And Dykman For Ch. 11
A New York bankruptcy judge on Monday gave approval to bankrupt information technology company Sysorex Government Services Inc. to retain Cullen and Dykman LLP as bankruptcy counsel and to sell its business for $8.5 million with the goal of liquidating in Chapter 11.
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July 21, 2025
Catching Up With Delaware's Chancery Court
Last week at the Delaware Court of Chancery, a major settlement between Meta Platforms Inc. and its investors reached on the proverbial courthouse steps during day two of a trial ended an $8 billion-plus suit accusing the company's directors and officers of breaching privacy regulations and corporate fiduciary duties tied to allegations dating to the Cambridge Analytica scandal more than a decade ago.
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July 21, 2025
Pet Care App Wag! Plans To Go Private In Ch. 11
The pet care app Wag! filed for bankruptcy on Monday, saying it expects to have a prepackaged restructuring plan confirmed in just over a month that will transfer ownership of the publicly traded company to its secured lender.
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July 21, 2025
Court Says Cash Is Prime Core's, OKs Payout Scheme
A Delaware bankruptcy judge has sided with the administrator of cryptocurrency custodian Prime Core's Chapter 11 wind-down plan in a dispute over whether the debtor's assets were so intermixed with creditor funds that it all had to be treated as estate property, and approved a request to pay claims by exchanging crypto holdings for fiat currency.
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July 21, 2025
Monster.com Ch. 11 Auction Brings In $69M In Offers
CareerBuilder + Monster, an online job search platform, said the winning offers from its Chapter 11 auction for three business divisions totaled $68.6 million, almost double the $35.5 million total of stalking horse offers approved in its Delaware bankruptcy.
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July 21, 2025
Experts Urge Sub V Reform, Danimer Scientific To Exit Ch. 11
A group of judges and bankruptcy professionals pressed for changes to Subchapter V eligibility caps and student loan discharge rules. Meanwhile, BigLaw's dominance in bankruptcy continues, a shift that began with the 1978 Bankruptcy Reform Act. And Danimer Scientific's uncontested Chapter 11 liquidation plan moved forward following an asset sale. This is the week in bankruptcy.
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July 21, 2025
Montessori School Group Can Tap Full $8M Ch. 11 Loan
The company that once oversaw the world's largest network of Montessori schools received a Texas bankruptcy judge's final approval Monday for its debtor-in-possession loan, as it looks to secure confirmation of a Chapter 11 plan grounded in a restructuring support agreement with a prepetition investor that is sponsoring the reorganization.
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July 21, 2025
Top 4 Texas Cases To Watch: A Midyear Report
Several major cases are taking shape in the Lone Star State, including the Southwest Airlines Pilots Association's suit seeking to hold Boeing accountable for lost revenue after the 737 Max was grounded, as well as the continuing fallout of a former Houston judge's romance scandal that could cost a Texas firm millions of dollars. Here's a look at the top cases to watch in Texas through the rest of the year.
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July 18, 2025
Law360 Names 2025's Top Attorneys Under 40
Law360 is pleased to announce the Rising Stars of 2025, our list of more than 150 attorneys under 40 whose legal accomplishments belie their age.
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July 18, 2025
Real Estate Recap: Budget, 2025 Deals, Coney Island Gamble
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including real estate attorney perspectives on the new federal budget, the law firms that guided the biggest deals of 2025's first half and why one BigLaw attorney is betting on a Coney Island development.
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July 18, 2025
Tx. Judge OKs Tommy's Boats To Set Sail On Ch. 11 Plan
A Texas bankruptcy judge Friday approved a reorganization plan for boat and water sports retailer Tommy's Boats filed by its chapter 11 trustee, overruling objections from its former CEO.
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July 18, 2025
Ex-CEO Again Pushes For Standing In Judge Romance Case
The former CEO of a defunct barge company has again urged a court to rule that he has standing to sue over a former bankruptcy judge's secret romance with an attorney, writing in a supplemental filing that "certain issues" had "not been fully briefed."
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July 18, 2025
6th Circ. Won't Revive Ex-Ruby Tuesday Execs' Benefits Fight
The Sixth Circuit refused to reopen a suit from former Ruby Tuesday managers and executives alleging Regions Bank inadequately protected their retirement plan benefits that were liquidated in bankruptcy, concluding a lower court was right to end the case in the bank's favor.
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July 18, 2025
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy judges will guide hearings in the coming days that concern issues including Nikola's Chapter 11 plan and disclosures, a youth mental health provider's plans for a real estate sale, and Rite Aid's proposed lease sales.
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July 18, 2025
New Texas Law School Dean Talks Path In Legal Education
In his own story as the son of migrant farm workers and the first person of color to lead the South Texas College of Law in Houston, Reynaldo "Rey" Anaya Valencia sees a "vision of where South Texas sees itself going into the 21st century."
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July 18, 2025
Bioplastics Maker Danimer Scientific Cleared To Exit Ch. 11
A Delaware bankruptcy judge Friday approved the uncontested Chapter 11 liquidation plan of plant-based plastic alternative maker Danimer after the company sold its assets in bankruptcy.
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July 18, 2025
Fashion-Tech Biz Founder Charged With $300M Investor Fraud
The founder of bankrupt apparel technology company CaaStle Inc. defrauded investors out of $300 million, federal prosecutors in Manhattan said Friday, unsealing an indictment charging her with using sham documents to falsely promote a "rapidly growing business" supposedly worth $1.4 billion.
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July 18, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the former owner of British oil refinery Prax Group sued following the collapse of his business empire, a unit of Shard Credit Partners target a married couple believed to have inflated the value of their companies before selling them, and Aerofoil Energy reignite patent action against AFE Group over the design of its F1-inspired cooling units.
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July 17, 2025
How A NJ Clergy Abuse Probe Will Reshape Defense Strategy
The New Jersey Supreme Court has cleared the way for a grand jury to investigate clergy abuse claims, bringing forward a rarely used prosecution tool that experts say will have reverberations on the strategies taken by lawyers representing powerful individuals and institutions even beyond the Catholic Church.
Expert Analysis
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Baseball Fantasy Camp Makes Me A Better Lawyer
With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.
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Adapting To Private Practice: From Fed. Prosecutor To BigLaw
Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.
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Perfecting Security Interests In Renewable Energy Tax Credits
The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.
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We Must Allow Judges To Use Their Independent Judgment
As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.
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Performing Stand-Up Comedy Makes Me A Better Lawyer
Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances and my legal career has demonstrated that the keys to success in both endeavors include reading the room, landing the right timing and making an impact, says attorney Rebecca Palmer.
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3 Del. Bankruptcy Cases Highlight US Trustee Objections
As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agreement should be prepared for the U.S. Trustee Office's objections, including if the proposed classification for the bid protections is a superpriority administrative expense claim, says Kyle Arendsen at Squire Patton.
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Adapting To Private Practice: From SEC To BigLaw
As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to build a deep rapport and demonstrate my value, says Jennifer Lee at Jenner & Block.
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4 Ways Women Attorneys Can Build A Legal Legacy
This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.
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A Judge's Pointers For Adding Spice To Dry Legal Writing
U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.
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Lessons Learned From SAS' Flight Through Chapter 11
Scandinavia's SAS is the first European airline to find its wings through the U.S. Chapter 11 process since COVID-19 rocked the aviation industry — and while the process involved some familiar steps, certain complex jurisdictional issues and non-U.S. stakeholders required the carrier to venture into uncharted airspace, says Emily Hong at Norton Rose.
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Bankruptcy Ruling Provides Guidance On 363 Asset Sales
HE v. Avadim Holdings, a recent ruling from the District of Delaware, underscores the principle that rejection of executory contracts does not unwind completed transfers of property and the importance of clear and precise language in sale orders and asset purchase agreements in bankruptcy cases, say attorneys at Eversheds Sutherland.