Mid Cap

  • July 17, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Failed cryptocurrency lender Genesis Global told a New York bankruptcy judge its parent company was attempting to "usurp" its control over prosecuting estate causes of action, asking the court to allow the debtor to enforce its rights. Meanwhile, the debtor entity of The Dolphin Co., an aquatics park operator, accused the firm's CEO of diverting its revenue, and the Chapter 11 case of chicken joint chain Sticky's was converted to a liquidation.

  • July 17, 2025

    Connecticut Music Festival Organizer To Pay $50K In Refunds

    The bankrupt organizer of a botched Connecticut music festival known as Capulet Fest has agreed to pay up to $50,000 in restitution to ticket buyers to settle an investigation into possible violations of state law, the attorney general's office said Thursday.

  • July 17, 2025

    One Table Loses Structured Dismissal Bid, Case Now A Ch. 7

    A Delaware bankruptcy judge on Thursday converted the Chapter 11 case of One Table Restaurant Brands LLC, which operated restaurant chains Tender Greens and Tocaya, to a Chapter 7 liquidation, saying her concerns outweighed the potential benefits of a structured dismissal allowing for the distribution of money to creditors.

  • July 17, 2025

    US Trustee Says Constitution Bars Jackson Walker Jury Trial

    The federal government's bankruptcy watchdog told a Texas federal judge that under the Seventh Amendment, Jackson Walker LLP isn't entitled to a jury trial in its fee dispute stemming from a former bankruptcy judge's secret relationship with a onetime partner.

  • July 17, 2025

    Brazilian Sugar Producer Gets Restructuring Recognition

    A New York bankruptcy judge on Thursday extended U.S. recognition to the insolvency proceedings of Brazilian sugar producer and distributor Virgolino de Oliveira SA after hearing the company has won approval for its reorganization plan and settled bondholder lawsuits.

  • July 17, 2025

    Work Wear Seller Faults 'Heartless' Lender In Chapter 11 Filing

    Work wear and healthcare apparel retailer Work N Gear filed an emergency Chapter 11 petition late Wednesday, accusing a creditor of "heartless conduct" in sweeping funds out of accounts set aside to pay employee healthcare claims.

  • July 16, 2025

    Cullen and Dykman Says It Isn't Conflicted In IT Firm's Ch. 11

    Cullen and Dykman LLP has told a New York bankruptcy judge there was no conflict of interest preventing Sysorex, an insolvent government information technology company, from retaining the law firm, contending that its activity, which the U.S. Trustee's Office said disqualified the firm as counsel in the debtor's Chapter 11, was actually in the best interest of the company.

  • July 16, 2025

    Pages From Restructuring History: BigLaw And Bankruptcy

    Bankruptcy is a BigLaw menu item staple, with most large law firms having practice groups dedicated to in-court and out-of-court restructurings. But that wasn't always the case.

  • July 16, 2025

    Scanrock Oil & Gas Gets OK For Vote On Ch. 11 Plan

    A Texas bankruptcy judge gave Scanrock Oil & Gas permission Wednesday to send its Chapter 11 plan out for a creditor vote after the hydrocarbon driller answered objections by giving royalty owners a claim on property sale revenues.

  • July 16, 2025

    Meet The Attys For Gambling Biz Maverick In Ch. 11

    Casino and hotel operator Maverick Gaming has put together a team of attorneys from Hunton Andrews Kurth LLP and Latham & Watkins LLP to see it through Chapter 11 as the company plans a sale of its assets.

  • July 15, 2025

    Catching Up With New Bankruptcy Case Action

    From a pair of healthcare bankruptcies to a startup investment platform's Chapter 11 case, here are the latest new insolvency proceedings.

  • July 15, 2025

    Gambling Biz Gets $8.5M In First-Day Ch. 11 Financing

    A company that runs casinos and other gambling venues in three states received a Texas bankruptcy judge's permission Tuesday to make an initial draw of $8.5 million from a Chapter 11 financing package its existing secured lenders provided.

  • July 15, 2025

    Heritage Coal Ends Ch. 11 Suit Over Ex-Owner's Liens

    Heritage Coal, together with its former owner and general manager, has agreed to dismiss a lawsuit it brought against them in Delaware bankruptcy court to try to invalidate liens the ex-executives put on its assets.

  • July 15, 2025

    Bankruptcy Experts Call For Reset On Sub V, Student Debt

    A group of judges and bankruptcy experts told a congressional panel Tuesday that a reset is needed for the eligibility cap for Subchapter V bankruptcies and the standards for discharging student loan debt.

  • July 15, 2025

    Lowenstein Sandler Names NJ Atty As Bankruptcy Vice Chair

    Lowenstein Sandler LLP announced this week that a New Jersey bankruptcy partner who helped build the practice group into a nationwide force in sexual abuse-related bankruptcies will serve as co-chair.

  • July 14, 2025

    Tender Greens Estate Defends Structured Dismissal Of Ch. 11

    The estate of One Table Restaurant Brands LLC, the former operator of casual restaurant chain Tender Greens and Mexican eatery Tocaya, defended its bid to dismiss its Chapter 11 case after the U.S. Trustee's Office said it would violate bankruptcy rules.

  • July 14, 2025

    SilverRock Seeks To Test $60M Bid At Ch. 11 Auction

    Resort developer SilverRock has asked the Delaware bankruptcy court for permission to hold an auction for its real estate assets in Southern California to see if the company could fetch a better offer through a public process than the stalking horse bid it secured, instead of selling its assets through a sealed bidding process.

  • July 14, 2025

    Monster.com Can Sell Assets, Joann Gets OK To Wind Down

    The company behind Monster.com secured the Delaware bankruptcy court's permission to hold asset auctions in its Chapter 11 case. A Texas bankruptcy judge gave Jackson Walker LLP and the U.S. Trustee's Office until Tuesday to mediate a fee dispute stemming from a former bankruptcy judge's secret relationship with an ex-firm partner. And a bankruptcy judge in Delaware approved arts and crafts retailer Joann's Chapter 11 wind-down plan.

  • July 14, 2025

    Aspiration Partners Seeks Conversion Of Ch. 11 To Ch. 7

    Sustainability-focused financial services company Aspiration Partners Inc. asked a Delaware bankruptcy judge to convert its insolvency case to a Chapter 7, saying it has sold off its assets, doesn't have the funds to pursue a Chapter 11 plan and promised to pivot to a wind down.

  • July 14, 2025

    Gambling Co. Hits Ch. 11 In Texas With More Than $100M Debt

    Maverick Gaming LLC, which operates casinos and hotels in Nevada, Colorado and Washington, filed for bankruptcy relief Monday in Texas with more than $100 million in liabilities and a $22.5 million Chapter 11 financing package lined up.

  • July 11, 2025

    Trustee Says IT Contractor's Ch. 11 Counsel Pick Has Conflict

    The U.S. Trustee's Office objected late Thursday to the retention of Cullen and Dykman LLP as counsel for bankrupt government information technology contractor Sysorex Government Services Inc. in the company's Chapter 11 case because of the firm's representation of defendants in suits over alleged fraudulent transfers.

  • July 11, 2025

    Gov't Wants Fla. Man's Assets Repatriated To Pay Tax Debt

    A Floridian who owes the federal government nearly $28 million, plus penalties and interest, must repatriate funds held in two Bahamian trusts kept in his name and that of his children, the government told a Florida federal court.

  • July 11, 2025

    What's Happening In Bankruptcy Court This Coming Week

    In the coming week, bankruptcy judges will weigh matters including hospital operator Steward Health's bankruptcy plan confirmation, U.S. recognition of the foreign insolvency of a Brazilian sugar producer and an asset sale for coal producer White Forest Resources Inc.

  • July 11, 2025

    Dolphin Co. Says Ex-CEO Blocked Records, Violated Orders

    Dolphin encounter company Leisure Investments Holdings LLC told a Delaware bankruptcy court that its former executives ignored the court's order to submit the debtor's business records, therefore it should impose sanctions until they comply with the order. 

  • July 11, 2025

    Better Therapeutics Settles SPAC Suit In Del. For $1M

    Defunct telehealth provider Better Therapeutics Inc. has reached a roughly $1 million settlement with a shareholder to end a Delaware Chancery Court suit challenging its take-public merger, according to court filings.

Expert Analysis

  • 7 Tips For Associates To Thrive In Hybrid Work Environments

    Excerpt from Practical Guidance
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    As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.

  • Playing Beach Volleyball Makes Me A Better Lawyer

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    My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.

  • Terraform Case May Be Bellwether For Crypto Enforcement

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    The prosecution of crypto company Terraform Labs and its CEO, Do Kwon, offers a unique test of the line between lawful and unlawful conduct in digital transactions, and the Trump administration’s posture toward the case will provide clues about its cryptocurrency enforcement agenda in the years to come, say attorneys at Brooks Pierce.

  • How Law Firms Can Counteract The Loneliness Epidemic

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    The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.

  • 5 Keys To Building Stronger Attorney-Client Relationships

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    Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.

  • How Courts Can Filter Nonmeritorious Claims In Mass Torts

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    Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University.

  • Racing Corvettes Makes Me A Better Lawyer

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    The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.

  • Attorneys Must Act Now To Protect Judicial Independence

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    Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • How Design Thinking Can Help Lawyers Find Purpose In Work

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    Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.

  • Competitive Weightlifting Makes Me A Better Lawyer

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    The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.

  • Serta Ruling Further Narrows Equitable Mootness In 5th Circ.

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    The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.

  • Inconsistent Injury-In-Fact Rules Hinder Federal Practice

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    A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.

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