Mid Cap
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October 08, 2025
Meet The Attorneys Guiding Iron Hill Brewery Chain's Ch. 7
A team of lawyers from Klestadt Winters Jureller Southard & Stevens LLP is representing restaurant chain Iron Hill Brewery in a Chapter 7 case the company launched just 10 days after it abruptly closed all locations.
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October 08, 2025
Judge Won't Lift Ch. 9 Stay In Chester Utility Dispute
A bankruptcy judge ruled Wednesday that the water utility for Chester, Pennsylvania, can't try to alter a five-year-old state court order allowing the bankrupt city to seek bidders for the utility company's assets.
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October 08, 2025
Chili's Servers Cleared To Pursue Meal Break, Expense Claims
Two Chili's food servers can continue with their claims that they were unable to take meal and rest breaks and were not reimbursed for cellphone use, a California federal judge ruled, but he winnowed the Chili's entities facing the allegations.
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October 07, 2025
Dolphin Co. Creditor Balks At Credit Bid For Ch. 11 Sale
A financial intermediary for dolphin park owner Leisure Investment Holdings LLC is asking the Delaware bankruptcy court to prohibit credit bidding in the park owner's Chapter 11 auction in order to preserve its $4 million claim from a judgment in 2017.
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October 07, 2025
Razzoo's Gets OK To Tap $3.3M In DIP Financing
A Texas bankruptcy court on Tuesday said it will grant interim approval for Cajun restaurant chain Razzoo's Inc.'s $3.3 million debtor-in-possession financing facility provided by its prepetition lender, First Horizon Bank.
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October 07, 2025
3rd Circ. Won't Rehear J&J Investor Cert. Appeal
The U.S. Court of Appeals for the Third Circuit declined Tuesday to reconsider backing a New Jersey federal judge's class certification order in a Johnson & Johnson investor action alleging the company artificially inflated its stock price by failing to disclose cancer risks.
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October 07, 2025
Global Wound Care Flags Medicare Delay Amid Shutdown
Specialty medical practice Global Wound Care has told a Texas bankruptcy judge it is waiting on $27.2 million in Medicare reimbursement payments, saying the risk that the delays could put it into a liquidity crisis is compounded by the federal government shutdown.
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October 07, 2025
Catching Up With New Bankruptcy Case Action
A software company in the educational technology industry initiated Chapter 11 proceedings with more than $1 billion in debt. A restaurant chain that abruptly closed its locations last month began a Chapter 7. And an entity seemingly related to a 100-year-old hotel's renovation entered Chapter 11 bankruptcy hauling at least $50 million in debt.
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October 07, 2025
Monster.com Scores OK For Ch. 11 Plan After Creditor Deal
A Delaware bankruptcy judge on Tuesday approved job search site CareerBuilder + Monster's Chapter 11 plan after the debtor struck a deal that could help holders of unsecured claims land a recovery.
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October 06, 2025
US Magnesium Tables DIP Motion Amid Ch. 7 Conversion Bid
US Magnesium told a Delaware bankruptcy judge Monday that it would temporarily set aside requests to borrow Chapter 11 financing and launch a sale process, as unsecured creditors push to convert the case to a Chapter 7 liquidation in a bid to halt what they call "disastrous" bankruptcy plans by the onetime magnesium producer.
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October 06, 2025
Chester Objects To Water Authority's Bid For Ch. 9 Stay Relief
The city of Chester has asked a Pennsylvania bankruptcy judge to reject a request from the Chester Water Authority for relief from the automatic stay in the city's Chapter 9 case, saying the CWA was renewing an attack on the city's authority to dissolve it.
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October 06, 2025
Convicted Investor Puts More Properties Into Ch. 11
A company and several affiliates associated with convicted real estate investment fraudster Moshe "Mark" Silber filed for Chapter 11 on Monday in New Jersey bankruptcy court with up to 199 estimated creditors and up to $500 million in estimated liabilities.
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October 06, 2025
Iron Hill Brewery Chain Hits Ch. 7 After Closing Restaurants
Restaurant chain Iron Hill Brewery filed for Chapter 7 protection in New Jersey court about 10 days after it abruptly closed all of its locations and told employees it would be pursuing bankruptcy.
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October 06, 2025
Puerto Rico Finance Board Members' Removal Paused
A federal district court judge blocked President Donald Trump's removal of three members of the Financial Oversight and Management Board for Puerto Rico who had accused the president of illegally firing them without cause.
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October 06, 2025
First Brands Gets $1B DIP, Hooters Approved To Exit Ch. 11
A Texas bankruptcy judge granted an interim approval for First Brands' $1.1 billion debtor-in-possession loan. Hooters of America won court approval of its reorganization plan. The judge ruled the automatic stay in Alex Jones' Chapter 7 case does not extend to his media company, Free Speech Systems, while the unsecured creditors' committee in TPI Composites' Chapter 11 sued its equity holder, alleging a prepetition uptier deal unfairly elevated its creditor status.
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October 06, 2025
Azzur Group Gets OK For Revised Ch. 11 Plan
A Delaware bankruptcy judge has approved pharmaceutical services company Azzur Group's revised Chapter 11 plan five months after it failed to confirm the first version.
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October 06, 2025
Orrick Adds 37-Lawyer CLO Team From Cadwalader
Orrick Herrington & Sutcliffe LLP announced Monday that it has opened a new office in Charlotte, North Carolina, and added a 37-lawyer collateralized loan obligations and asset-backed lending team from Cadwalader Wickersham & Taft, part of a larger exodus of Cadwalader attorneys tracked by Law360 Pulse.
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October 06, 2025
Justices Deny SEC Whistleblower Award Calculation Appeal
The U.S. Supreme Court on Monday declined to take up two whistleblowers' case alleging the U.S. Securities and Exchange Commission shortchanged them after they helped to uncover purportedly the largest fraud in Texas history, after the pair argued the agency improperly and retroactively applied a rule amendment to dilute their awards.
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October 03, 2025
Up First At High Court: Election Laws & Conversion Therapy
The U.S. Supreme Court will hear oral arguments in six cases during the first week of its October 2025 term, including in disputes over federal candidates' ability to challenge state election laws, Colorado's ban on conversion therapy, and the ability of a landlord to sue the U.S. Postal Service for allegedly refusing to deliver mail.
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October 03, 2025
4 Top Supreme Court Cases To Watch This Term
After a busy summer of emergency rulings, the U.S. Supreme Court will kick off its October 2025 term Monday with only a few big-ticket cases on its docket — over presidential authorities, transgender athletes and election law — in what might be a strategically slow start to a potentially momentous term. Here, Law360 looks at four of the most important cases on the court's docket so far.
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October 03, 2025
Trustee Blasts Proposed US Magnesium Ch. 11 Financing
The U.S. Trustee's Office has asked a Delaware bankruptcy judge to reject the proposed debtor-in-possession financing for U.S. Magnesium, saying the terms hand control of the case to the DIP lender and propose to let the company off the hook for its environmental obligations.
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October 03, 2025
Wells Fargo To Pay $33M To End 'Free Trial' Scam Suit
Wells Fargo agreed to pay $33 million to resolve allegations it played a supporting role in two "free trial" marketing ploys that pulled $200 million from consumers, schemes that were the subject of since-settled Federal Trade Commission cases brought in 2018 against Triangle Media Corp. and Apex Capital Group LLC.
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October 03, 2025
Breakers Mezz I, Biz Related To Hotel Restoration, Hits Ch. 11
An entity seemingly related to the renovation of a nearly 100-year-old hotel in Long Beach, California, entered Chapter 11 bankruptcy in the Golden State, hauling at least $50 million in debt.
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October 03, 2025
Judge Says Stoli Can't Pay Back Its Bank With Bourbon
A Texas bankruptcy judge on Friday rejected Stoli Group USA's Chapter 11 plan, saying the vodka maker's proposal to pay off $78 million in secured debt with 35,000 barrels of unfinished bourbon is unfeasible in the face of a crashing worldwide market for the spirit.
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October 03, 2025
Insurance Refund Goes To BurgerFi's Ch. 11 Plan Trustee
A Delaware bankruptcy judge has ruled that $885,000 in refunded insurance premiums are property of the liquidation trust created under the Chapter 11 plan of BurgerFi International, finding those assets were specifically excluded from the assets purchased by secured lender TREW Capital last year.
Expert Analysis
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When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
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What 2024 Trends In Marketing, Comms Hiring Mean For 2025
The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.
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How The Onion Could Still Buy InfoWars
While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.
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Group Running Makes Me A Better Lawyer
The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
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A Closer Look At SDNY Bankruptcy Rule Amendments
The U.S. Bankruptcy Court for the Southern District of New York’s recent amendments to its local rules aim to streamline key Chapter 11 processes, resolve misunderstandings about previous iterations of the rules and urge caution about the use of artificial intelligence, say attorneys at Skadden.
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FTX Exec's Sentencing Shows Pros And Cons Of Cooperation
The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.
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Gardening Makes Me A Better Lawyer
Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.
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Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal
A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.
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The Challenges Of Abandoned Retirement Plans In Ch. 7
The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto.
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Circus Arts Make Me A Better Lawyer
Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.