Mid Cap
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July 07, 2025
Calif. Fails To Pause 23andMe's Sale During Appeal
A Missouri bankruptcy judge on Monday refused California's request that genetic testing company 23andMe Holding Co.'s $305 million Chapter 11 sale be tabled while the Golden State seeks an appeal.
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July 07, 2025
Celsius Ends FTX Clawback Suit, Rite Aid Unit Sale OK'd
FTX's Bahamas unit and bankrupt cryptocurrency lender Celsius Network reached a settlement resolving an adversary lawsuit seeking the return of around $517 million in pre-bankruptcy transfers. A New Jersey bankruptcy judge approved Rite Aid's roughly $19 million sale of an ice cream brand to a pair of billionaires behind Monster Energy. And insurers are challenging Avon's Chapter 11 plan, arguing it unfairly forces them to cover potentially invalid talc injury claims.
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July 07, 2025
Attys For Dolphin Co.'s Ex-CEO Can Withdraw From Ch. 11
A Delaware bankruptcy judge on Monday gave two law firms permission to stop representing the ousted CEO of Leisure Investments Holdings, the lead debtor and intermediate holding company for aquatics park operator The Dolphin Co., with lawyers citing nonpayment and "irreconcilable differences" with their former client.
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July 07, 2025
Asset Manager's Suit Against Lowenstein Sandler Tossed
A New York state judge has handed an early win to Lowenstein Sandler LLP against allegations it provided faulty advice in a client's bankruptcy, finding the asset manager that brought the suit was simply attempting "to shift the financial cost of the troubled company's failed business from its owners to its lawyers."
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July 07, 2025
George Clinton Faces Sanctions Bid In IP Suit
Music executive Armen Boladian has asked a Florida federal court to sanction funk legend George Clinton, saying he was raising issues already adjudicated in their decades-long series of legal disputes.
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July 07, 2025
Catching Up With Delaware's Chancery Court
In Delaware in the past week, a vice chancellor awarded just $1 in damages to a China-tied company looking to secure a $50 million stake in SpaceX while also slamming the fund's manager for acting "insincerely," Tyson Foods won $55 million in damages in a suit claiming the owner of two poultry rendering plants Tyson acquired hid that it relied on a "disfavored" practice of recovering "unappetizing remnants of butchered chickens," and a suit over a one-site bank's 11-aircraft fleet was moved into the discovery phase.
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July 07, 2025
AI-Driven Job.com Files Ch. 11 With Almost $67M Of Debt
Artificial intelligence-powered employment recruiting platform My Job Matcher Inc., which does business as Job.com, filed for Chapter 11 in Delaware with several affiliates, listing over $66 million in liabilities and bringing a roughly $10 million bankruptcy financing proposal.
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July 07, 2025
Gift Wrap Manufacturer Can Tap $25M Post-Bankruptcy Money
IG Design Group Americas Inc., one of the world's biggest manufacturers of gift wrap, won court approval Monday to tap $25 million of new money to finance its bankruptcy case as it pursues a sale of some assets, after the company filed for Chapter 11 protection last week in the face of sagging business, U.S. tariffs and the loss of Joann Inc., a major customer.
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July 03, 2025
NY Landlord Sues Walmart, Others In Del. Alleging Fraud
A New York City landlord sued Walmart Inc. and the bankruptcy successor to Bonobos Inc. in Delaware's Court of Chancery late Thursday, asserting hundreds of million in claims and compensatory and punitive damages under both Delaware and New York law arising from an allegedly fraudulent transfer of a Fifth Avenue retailer's lease and obligations.
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July 03, 2025
US Trustee, Creditor Balk At Firstbase.io's $1.2M Ch. 11 Fees
The U.S. Trustee's Office and the largest creditor of Firstbase.io urged a New York bankruptcy judge to reject three law firms' applications for $1.2 million in legal fees, arguing the bankrupt business services platform could become administratively insolvent and hasn't made enough progress in its Chapter 11.
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July 03, 2025
What's Happening In Bankruptcy Court This Coming Week
Coming out of the July Fourth long weekend, bankruptcy judges will consider debtor-in-possession financing requests by solar company Sunnova and fiber developer Tilson, a dispute over trucking firm Yellow Corp.'s Chapter 11 progress, and first-day relief for the Catholic Diocese of Fresno, California.
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July 03, 2025
Dr. Phil, Christian Network Clash Over Media Co. Ch. 11 Loan
A Texas bankruptcy judge on Thursday gave a media company permission to draw on a Chapter 11 loan from its founder, television personality Phil McGraw, and set a short schedule for a hearing on an attempt to claw back a $25 million note from the company's Christian network co-owner.
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July 03, 2025
Circuit-By-Circuit Recap: Justices Send Message To Outliers
It was a tough term at the U.S. Supreme Court for two very different circuits — one solidly liberal, one solidly conservative — that had their rulings overturned in eye-popping numbers. But it was another impressive year for a relatively moderate circuit that appears increasingly simpatico with the high court.
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July 03, 2025
The Moments That Shaped The Universal Injunction Case
The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foregone conclusion during oral arguments earlier this year. What do the colloquies suggest about the justices' thinking? Here are some moments that may have swayed them.
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July 03, 2025
Sunnova, Wolfspeed Top 2025 Bankruptcies: Midyear Report
Changes and uncertainty in U.S. federal policy have tipped major companies into bankruptcy this year, with residential solar company Sunnova, auto-parts maker Marelli and others blaming aggressive tariffs and shifting tax regulations for their recent financial troubles.
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July 03, 2025
Firm Fires Back At NJ Atty's 'Scandalous' Fee Action
A law firm has accused a New Jersey lawyer who is suing it in a complex fee dispute of filing a vexatious complaint designed to chill its legal work and gain an advantage in separate ongoing cases.
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July 03, 2025
Dolphin Encounter Co. Asks For Flexible Ch. 11 Sales Process
Dolphin encounter company Leisure Investments Holdings LLC asked a Delaware bankruptcy court to give it leave to begin marketing its many assets around the globe, saying it has gained "some measure of control" of its business through litigation since it filed for Chapter 11.
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July 03, 2025
The Firms That Won Big At The Supreme Court
The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.
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July 03, 2025
Breaking Down The Vote: The High Court Term In Review
The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.
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July 03, 2025
Richards Layton Leader Aims To Keep 'Culture Of Expertise'
As he prepared to take over as Richards Layton & Finger PA's president this week, Paul N. Heath told Law360 Pulse that he aims to ensure the firm maintains its place as a leader in Delaware's legal marketplace and that he builds on the work of his two immediate predecessors.
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July 02, 2025
Girardi Asks To Remain Free During Fraud Appeal
Disbarred attorney Tom Girardi asked a California federal judge on Wednesday to remain free on bond while he appeals his wire fraud conviction, saying he's not a flight risk or danger to the community and there are several issues on appeal that could result in reversal or resentencing.
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July 02, 2025
Dr. Phil Media Biz Hits Ch. 11, Sues Joint Venture Partner
A media company founded and partially controlled by the television personality known as Dr. Phil filed for Chapter 11 protection in Texas bankruptcy court Wednesday, disclosing more than $100 million in liabilities and alleging it became insolvent due to the actions of another firm that jointly owns the business.
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July 02, 2025
Under The Radar: Bankruptcy News You May Have Missed
A bankruptcy judge approved Village Roadshow's proposal to pay a handful of important employees bonuses to stick around. A brokerage insurer backed a bid for $35.5 million in fees by counsel for the trustee overseeing the Bernie Madoff bankruptcy. A bankruptcy judge threw out media production company Splashlight Holding LLC's Chapter 11.
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July 02, 2025
Colombian Consumer Lender's Ch. 11 Converted To Ch. 7
A New York bankruptcy judge on Wednesday approved the conversion of the Chapter 11 case of Colombian consumer lending giant Credivalores-Crediservicios to a Chapter 7 liquidation, following requests from the Office of the U.S. Trustee and an ad hoc group of noteholders.
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July 02, 2025
Top Federal Tax Cases Of 2025: Midyear Report
In the first half of the year, the U.S. Supreme Court barred a defunct transportation company's bankruptcy trustee from clawing back federal taxes and prevented the U.S. Tax Court from reviewing a collection dispute after the IRS stopped going after the underlying debt. In Arizona, a federal judge refused to block the IRS from issuing batch denials of pandemic-era worker credit claims. Here, Law360 reviews some of the top federal court decisions from the past six months.
Expert Analysis
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Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
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When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
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Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
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Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.
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Brazilian Jiujitsu Makes Me A Better Lawyer
Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.
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Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.