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Expert Analysis

SDNY OpenAI Order Clarifies Preservation Standards For AI

The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discover... (more story)

Law School's Missed Lessons: Client Service

Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients ... (more story)

ConvergeOne Ruling May Disrupt Backstop Fee Approach

A Texas federal court's recent ruling in ConvergeOne has the potential to seriously disrupt previously accepted ma... (more story)

Large Cap More

Conn. Panel Doubts Ex-Alex Jones Atty Can Skirt Suspension

Connecticut appellate judges expressed skepticism Thursday that an attorney who previously represented conspiracy theorist Alex Jones can avoid serving the remainder of a two-week suspension, voicing doubt tha... (more story)

FTX Trust Too Early On Ch. 11 Claim Jurisdiction Rules

A Delaware bankruptcy judge told FTX's recovery trust Thursday it was too early in proposing restrictive jurisdiction procedures that would allow it to deny claims payable to creditors in countries with tight ... (more story)

Amid Restructuring, It's A Busy Year For WeightWatchers GC

It's a good thing she's an endurance runner. In a little over a year as chief legal and administrative officer of WW International Inc., better known as WeightWatchers, a very busy Jacquie Cooke has helped nav... (more story)

Kroll Wants FTX Hack Suit Tossed, Arbitrated Or Moved

Bankruptcy claims agent Kroll Restructuring Administration LLC has asked a Texas federal judge to transfer or sink a proposed class action over a data breach that affected creditors of FTX Trading Ltd., BlockF... (more story)

Celsius Founder's Counsel Seeks Exit Over Unpaid Fees

Ruskin Moscou Faltischek PC asked a New York bankruptcy judge to let it withdraw as counsel for Alex Mashinsky, a co-founder of defunct cryptocurrency firm Celsius who recently began a 12-year prison sentence,... (more story)

6th Circ. Backs Lordstown Execs In Failed Foxconn Deal Suit

The Sixth Circuit has upheld the dismissal of a suit claiming former executives of Lordstown Motors Corp. misled investors about the state of a partnership with Foxconn Technology Group, finding leaders' optim... (more story)

Purdue Fights Baltimore Objection Ahead Of Ch. 11 Plan Trial

Purdue Pharma LP told a New York bankruptcy judge on Wednesday it is concerned a recent objection to its Chapter 11 plan brought by the city of Baltimore could disrupt its case just weeks before the drugmaker ... (more story)

Subprime Auto Lender PrimaLend Hits Ch. 11 Seeking Sale

Subprime auto loan company PrimaLend Capital Partners LP filed for Chapter 11 in Texas bankruptcy court Wednesday, listing more than $100 million in debt and saying that it is pursuing a value-maximizing sale transaction.

Woodbridge Trustee Wins Clawback Claims Against Broker

A Delaware bankruptcy judge has ordered an outside broker to pay almost $60,000 in commissions she earned back to the liquidating trustee for the Woodbridge Group of Cos., finding the transfers were made in fu... (more story)

Omnicare Gets OK To Nix Pharmacy Leases In Ch. 11

Omnicare LLC, a CVS Health subsidiary that provides pharmacy services for long-term care facilities, received a Texas bankruptcy judge's permission Tuesday to reject leases for pharmacies and its former headqu... (more story)

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Firstbase.io Seeks More Time To Find Buyer

Business services company Firstbase.io urged a New York bankruptcy judge Thursday to reject an equity-swap Chapter 11 plan proposed by a creditor, arguing the debtor should be allowed additional time to court ... (more story)

Meet The Attorneys Leading PrimaLend's Ch. 11

A team of lawyers from Spencer Fane LLP is representing subprime auto loan company PrimaLend Capital Partners LP in its Chapter 11 case as the company pursues a value-maximizing sale transaction.

Judge OKs Heritage Coal's Ch. 11 Plan After Releases Nixed

A Delaware bankruptcy judge approved the Chapter 11 liquidation plan from Heritage Coal after the debtor removed releases and exculpations for insiders.

NYC Nightclub Gets OK For Creditor Deal On Sale Plans

A Delaware bankruptcy judge Wednesday approved a settlement between the owner of the Brooklyn Mirage music venue and its unsecured creditors and allowed it to go forward with a Chapter 11 auction of its assets.

Texas Appeals Court Wipes $64M Judgment For Dallas Lender

A Texas appellate court wiped away a $64 million award to the subsidiary of a Dallas investment company following alleged fraud by Credit Suisse surrounding lending for a luxury Nevada community, saying the lo... (more story)

Worldwide Machinery Approved For $69M Ch. 11 Asset Sale

A Texas bankruptcy judge approved a $69 million going concern sale of assets for heavy-equipment rental company Worldwide Machinery Group on Wednesday after the proposed buyers increased their offer to avoid a... (more story)

Stoli, Fifth Third Exchange Term Sheets On New Ch. 11 Plan

Counsel for Stoli Group USA said the bankrupt vodka maker has exchanged term sheets with its secured lender Fifth Third Bank as it seeks to find a path toward an updated Chapter 11 plan following the rejection... (more story)

Arcade On Las Vegas Strip, Facing Eviction, Files Ch. 11

Las Vegas-based Electric Playhouse, a high-tech gaming and dining center inside the mall at the world-renowned Caesars Palace resort, filed for Chapter 11 bankruptcy protection in Nevada, facing a pending evic... (more story)

5th Circ. Revives Oil Co.'s Faulty Cement Coverage Suit

The Fifth Circuit revived an oil and gas producer's suit seeking coverage for a settlement it reached with a bankrupt oilfield services firm over faulty cement, saying a Texas federal court incorrectly tossed ... (more story)

Royal Interco Looks To End Ch. 11 After Creditor Deal

A Delaware bankruptcy judge Tuesday agreed to approve settlements between paper product company Royal Interco LLC and a number of its creditors as it moves to dismiss its case.