Mid Cap
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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July 11, 2025
Retiring Fla. Judge Shares Fascination With Bankruptcy Law
Longtime Florida bankruptcy Judge Laurel M. Isicoff says that one of the great things about being a bankruptcy judge is the ability to give second chances to those who earned them.
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July 10, 2025
NJ Event Venue Gets Tentative OK On Ch. 11 Plan Disclosure
A New Jersey bankruptcy judge said Thursday that he would approve the disclosure statement from the operator of a restaurant and event venue business called The Chariot once it makes certain changes.
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July 10, 2025
50 Cent's Ch. 11 Reopened After Woman's $20M Injury Suit
A Connecticut bankruptcy judge on Thursday reopened recording artist 50 Cent's 2015 Chapter 11 case but allowed a New York jurist to first decide whether to dismiss a woman's $20 million injury case, setting up a potential showdown over whether a 2017 discharge order might upend the woman's February lawsuit.
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July 10, 2025
Cinemex Theater Co. Gets $2.6M For Operations In Ch. 11
A Florida bankruptcy judge approved more than $2.6 million to keep a theater company operating in its second Chapter 11 case on Thursday, allowing the funds to pay for critical vendors and goodwill expenses as the business plans another reorganization.
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July 10, 2025
WilmerHale, US Trustee Spar Over Work In 23andMe Ch. 11
The U.S. Trustee's Office argued Thursday the consumer privacy ombudsman in genetic testing company 23andMe's Chapter 11 shouldn't be allowed to hire lawyers from WilmerHale over conflict of interest concerns the firm disputed, an issue the presiding Missouri bankruptcy judge promised to rule on promptly.
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July 10, 2025
Tile Seller Mosaic Can Tap Into $9M Of Ch. 11 Funding
Bankrupt tile and stone seller Mosaic Cos. received approval Thursday from a Delaware judge to access $9 million of Chapter 11 financing as it pursues a court-supervised sale of one of its main retail units.
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July 10, 2025
Under The Radar: Bankruptcy News You May Have Missed
A creditor of bankrupt event venue The Chariot objected to the company's disclosure statement, saying it lacks details on how the creditor's secured claim will be treated. Meanwhile, Pride Funding, a lender to companies owned by celebrity house flippers Jennifer and Cesar Pina, urged a New Jersey court to deny their use of cash collateral. And Big Lots Inc. is trying to extend for the third time its exclusive window to file a Chapter 11 plan.
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July 10, 2025
11th Circ. Revives Case Over $3.1M Glassware Verdict Debt
The Eleventh Circuit has revived a case over $3.1 million in debt resulting from a jury verdict finding that two glass companies had copied the designs of another business, saying a lower court was wrong to find that the infringing companies' bankruptcy had wiped the debt out.
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July 10, 2025
Meet The Attorneys Laying Down Mosaic Co.'s Ch. 11
Mosaic Companies, which owns several high-end tile and stone businesses, has filed for bankruptcy in Delaware to sell its assets and repay some $65 million of debt. The Georgia-based company has tapped a team of four attorneys with Morris Nichols Arsht & Tunnell LLP to chart its path through Chapter 11.
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July 09, 2025
The Villages' Health Provider Gets Preliminary DIP Funding
A Florida bankruptcy judge preliminarily approved a $39 million debtor-in-possession financing plan for The Villages Health System LLC, which provides healthcare services to 55,000 residents of the best-known retirement community in America and filed for Chapter 11 protection last week.
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July 09, 2025
Ex-Parler Owner Shielded From Fired CEO's $1.6B Suit
The company that once owned conservative social media platform Parler will continue to be protected from a $1.6 billion state court lawsuit the company's ousted CEO brought against it, but it will be subject to discovery requests related to other nondebtor defendants, a Delaware bankruptcy judge said Wednesday.
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July 09, 2025
11th Circ. Rules Against Hotelier In Arbitration Battle
The Eleventh Circuit on Tuesday affirmed a bankruptcy court's annulment of an automatic stay to allow enforcement of an arbitral award issued in a dispute over a failed $250 million hotel conglomerate, rejecting arguments that the order was barred under a 2020 U.S. Supreme Court decision.
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July 09, 2025
Tariffs Loom Large Over Smaller Ch. 11s So Far In 2025
Mid-market businesses have been struggling with economic uncertainty in the first half of the year, especially with the threat of higher tariffs and reduced incentives for renewable energy, bankruptcy professionals told Law360.
Expert Analysis
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Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.
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Coaching Little League Makes Me A Better Lawyer
While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Playing Rugby Makes Me A Better Lawyer
My experience playing rugby, including a near-fatal accident, has influenced my legal practice on a professional, organizational and personal level by showing me the importance of maintaining empathy, fostering team empowerment and embracing the art of preparation, says James Gillenwater at Greenberg Traurig.
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No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
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5 E-Discovery Predictions For 2025 And Beyond
In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.
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7 Ways 2nd Trump Administration May Affect Partner Hiring
President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.
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E-Discovery Quarterly: Rulings On Custodian Selection
Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.
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Exercising On My Peloton Bike Makes Me A Better Lawyer
While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.
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3 Factors Affecting Retail M&A Deals In 2025
Retailers considering mergers and acquisitions this year face an evolving antitrust environment, including a new administration under President-elect Donald Trump, revised merger guidelines and a precedent set last year by a canceled $8.5 billion handbag merger, say attorneys at DLA Piper.
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.
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Consultants Should Be Aware Of DOJ's Potential New Reach
The U.S. Department of Justice's recent first-of-its-kind settlement with McKinsey & Co. indicates not only the DOJ's more aggressive stance toward businesses' potential criminal wrongdoings, but also the benefits of self-disclosure and cooperation when wrongdoing becomes apparent, says Dom Caamano at Kibler Fowler.