Mid Cap
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August 05, 2025
Insurers Object To Litigation 'Test Cases' In Diocese's Ch. 11
Several insurance carriers have asked a California bankruptcy judge to deny a request by the Santa Rosa Catholic Diocese and its unsecured creditors' committee to lift a Chapter 11 stay on litigation so that sexual abuse "test cases" can proceed, arguing this would wreak havoc on and undermine the bankruptcy case.
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August 05, 2025
Munsch Hardt Starts Mediation Practice With Ex-CEO At Helm
Texas law firm Munsch Hardt Kopf & Harr PC has launched a mediation practice with a former firm CEO and litigation practice group leader at the helm.
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August 05, 2025
Berger Singerman Adds Stichter Riedel Bankruptcy Ace In Fla.
A longtime bankruptcy attorney at Stichter Riedel Blain & Postler PA has brought her practice to Berger Singerman LLP in Tampa.
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August 05, 2025
Law Firm, Ex-Client Want La. Malpractice Fight Moved To NJ
A doctor pursuing malpractice claims against New Jersey firm Porzio Bromberg & Newman PC in New Orleans federal court has agreed to take the fight up north, with the two sides filing a joint motion to transfer the venue to the District of New Jersey.
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August 04, 2025
GWG Bondholders Seek Trustee Removal Over Ethics Scandal
Bondholders of former life insurance bond seller GWG Holdings Inc. on Monday said the lawyer winding down the company and a bankruptcy judge must step down from the Chapter 11 case over their connections to a romance scandal in Southern District of Texas' bankruptcy court.
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August 04, 2025
Nikola Seeks To Erase $13M Securities Class Action Claim
Bankrupt electric vehicle maker Nikola Corp. urged a Delaware bankruptcy judge to approve a plan to demote $13 million in claims connected to a securities class action, arguing the court shouldn't let investors convert their equity losses into creditor claims in Chapter 11.
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August 04, 2025
Oil Co., Tokio Marine Unit Settle $24M Bond Dispute
A Tokio Marine unit, an oil and gas company and a property owner have settled a $24 million dispute over outstanding reclamation bonds guaranteeing the proper environmental remediation of oil and gas properties, according to an order dismissing the case filed in Texas federal court.
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August 04, 2025
Womble Bond Adds 20 Attys From Shuttering Nashville Firm
Womble Bond Dickinson announced Monday that it has strengthened its presence in Nashville, Tennessee, by bringing on 20 attorneys from boutique law firm Neal & Harwell PLC, which will cease operations Aug. 31.
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August 04, 2025
Jackson Walker Settles Claims, Diocese's Ch. 11 Plan OK'd
Law firm Jackson Walker LLP settled another fee dispute tied to a former partner's romance with a former bankruptcy judge. A New York judge said he was ready to approve the Chapter 11 plan of Rochester's Catholic Diocese at an upcoming hearing. And CareerBuilder + Monster got approval for a $69 million asset sale. This is the week in bankruptcy.
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August 04, 2025
NYC Music Venue Operator Hits Ch. 11 After Project Delays
Avant Gardner, a New York City music venue owner, filed for Chapter 11 in Delaware on Monday, saying renovation and permitting troubles at the Brooklyn Mirage, its largest venue, stopped it from hosting events in the space for the 2025 season.
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August 01, 2025
Long Island Castle Owner Files Ch. 11 To Stall Foreclosure
The owner of a century-old castle on Long Island's Gold Coast filed for Chapter 11 protection late Thursday in New York bankruptcy court, saying it wants to stop a foreclosure sale being forced by its mortgagee lender so the debtor can run a sale process of its own.
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August 01, 2025
Meet The Attorneys Guiding Desktop Metal's Ch. 11
A team of lawyers from Pachulski Stang Ziehl & Jones LLP is leading the bankruptcy case of a 3D printer designer, Desktop Metal, as the company plans to sell its assets through Chapter 11 proceedings.
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August 01, 2025
What's Happening In Bankruptcy Court This Coming Week
During August's first full week, bankruptcy judges will hear issues including Silicon Valley Bank's former parent company's fight with Cayman Islands liquidators over standing, Genesis Healthcare's request for final postpetition financing approval and a personal injury firm's agreement to appoint an examiner in its bankruptcy.
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August 01, 2025
4 Mass. Rulings You May Have Missed In July
A cannabis company in the process of going out of business cannot rely on a state court receivership to shield it from creditors in other states, and the owners of shuttered Norwood Hospital can't renew an expired permit issued to bankrupt Steward Health.
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August 01, 2025
Rising Star: Paul Hastings' Lindsey Henrikson
Lindsey Henrikson of Paul Hastings LLP advised Colombian refinery Reficar in a high-stakes global restructuring that preserved a $1.3 billion arbitration award and secured equity in McDermott International, earning her a spot among the bankruptcy law practitioners under 40 honored by Law360 as Rising Stars.
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August 01, 2025
Fiber Co. Tilson Asks For Nod On $4.2M Broadband Sale
Fiber network developer Tilson Technology Management Inc. asked a Delaware bankruptcy judge to approve the sale of its broadband business for about $4.2 million.
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July 31, 2025
Calif. Resort Developer Gets 2 More Weeks Of Ch. 11 Funding
An insolvent company that developed a resort and other properties in California told a Delaware bankruptcy judge on Thursday that it had cobbled together two more weeks of Chapter 11 financing, avoiding for now a dismissal or conversion of its case to a Chapter 7 liquidation.
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July 31, 2025
CGL Cases To Watch In The Second Half Of 2025
Federal and state courts continue to weigh litigation involving public nuisance, long-tail environmental and sexual abuse claims. Here, Law360 breaks down some of the blockbuster commercial general liability insurance cases to follow in the second half of the year.
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July 31, 2025
Casino Developer Must Stay In Involuntary Ch. 7, Judge Finds
A Delaware bankruptcy judge has refused to throw out or convert the involuntary Chapter 7 proceedings launched against the onetime hopeful developer of a casino in Mississippi, concluding the creditors that forced it into bankruptcy did not act in bad faith.
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July 31, 2025
Desktop Metal OK'd For $10M Sale To Fund Ch. 11
A Texas bankruptcy judge Thursday allowed 3D printer designer Desktop Metal to sell its foreign subsidiaries for $10 million as it looks to find a buyer for the rest of its assets in Chapter 11.
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July 31, 2025
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office objected to the disclosure statement filed by Flagship Resort Development Corp., arguing it lacks details on third-party releases in its Chapter 11 liquidation plan. Guardian Elder Care's creditors committee opposed extending the company's exclusivity to file a Chapter 11 plan. Nikola Corp. asked to subordinate the SEC's $125 million penalty, calling it a lower-priority debt.
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July 31, 2025
Sand Miners Hit Ch. 11, Blaming Order Lull, Lender Issues
Two companies that mine and process sand for fracking have filed for bankruptcy in Texas, one estimating it had at least $50 million in debt and the other estimating at least $100 million, and asked to undergo a joint Chapter 11 in response to a liquidity crunch and issues with their secured lender.
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July 31, 2025
Rising Star: Willkie's Stuart Lombardi
Stuart Lombardi of Willkie Farr & Gallagher LLP has worked for bankruptcy clients including families seeking defamation payouts in Alex Jones' insolvency and the representative of as-yet-unknown asbestos claimants in a talc producer's Chapter 11, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.
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July 31, 2025
Meet The Attys Steering Valves And Controls' Ch. 11
Valves and Controls US, a valve manufacturer for the oil and gas industry, has tapped attorneys from Cole Schotz PC and Weil Gotshal & Manges LLP to see it through a Chapter 11 aimed at settling asbestos claims and winding down.
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July 30, 2025
2nd Circ. Backs Live Well Founder's Bond Fraud Convictions
The Second Circuit affirmed convictions for Live Well's founder for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it, ruling Wednesday jurors had enough evidence to determine he misrepresented the value of collateral to secure loans and did so with fraudulent intent.
Expert Analysis
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Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach
A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clear regardless of a lienholder's objection signals a practical approach and a recalibration of the balance between debtor flexibility and creditor protections, say attorneys at Eversheds Sutherland.
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Power To The Paralegals: The Value Of Unified State Licensing
Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.
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Administrative Disaster At Bankruptcy Courts May Be In Sight
If, as a result of voluntary resignations or terminations, the professional staff of the U.S. Trustee's Office is depleted, it will undoubtedly cause a slowdown in the administrative process for the significant majority of bankruptcy cases, says Charles Tatelbaum at Tripp Scott.
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An Unrestrained, Bright-Eyed View Of Legal AI's Future
Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.
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Tracking The Evolution In Litigation Finance
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
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Law School's Missed Lessons: Preparing For Corporate Work
Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.
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A Cold War-Era History Lesson On Due Process
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
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Improv Makes Me A Better Lawyer
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.