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Large Cap

  • May 06, 2025

    Toy Industry Braces For Bankruptcies Under Tariffs

    After Joann Cartiglia started designing dolls from the basement of her home two decades ago, business took off and she began selling to major retailers, adding new products to her lineup and expecting to eventually sell the company as her retirement plan.

  • May 06, 2025

    Celsius Ch. 11 Suit Over $50M Cloudflare Hack Survives In NY

    A New York bankruptcy judge on Tuesday denied a motion to dismiss negligence claims against cybersecurity company Cloudflare Inc., allowing a suit by former cryptocurrency platform Celsius Networks over a $50 million hack to survive.

  • May 06, 2025

    Reed Smith Must Turn Over Docs In $102M Fraud Fight

    A New York federal judge on Tuesday determined that since enough evidence existed to show international shipping group Eletson Holdings may have committed fraud in an arbitration over a deal with another entity, Levona Holdings Ltd., the Reed Smith LLP attorneys who represented Eletson at the arbitration must hand over related documents.

  • May 06, 2025

    Irish Developer To Settle With Ex Amid $942M Conn. Ch. 7

    The Chapter 7 trustee overseeing the $942 million estate of Irish real estate developer Sean Dunne will settle claims of more than €3.6 million ($4 million) from a woman who alleges to be Dunne's first wife, the parties told a Connecticut bankruptcy judge Tuesday.

  • May 06, 2025

    State Officials Say Ƶ Is Holding Up $4.2M Redress Checks

    Officials from a dozen states have accused the Consumer Financial Protection Bureau of ghosting them on a $4.2 million redress plan for former students of a shuttered sales-training firm, saying the agency has not cut any checks and is not answering them.

  • May 06, 2025

    Catching Up With New Bankruptcy Case Action

    Drugstore chain Rite Aid Corp. reentered bankruptcy with over $1 billion in debt less than a year after its earlier reorganization plan was approved, e-commerce firm Digital River Marketing Solutions Inc. filed for Chapter 7 with approximately $45.2 million in secured debt, and the owner of a Manhattan condo building filed for Chapter 11 with $32 million in mortgage debt in the face of foreclosure. Here are this week's new bankruptcy cases.

  • May 06, 2025

    Boies Schiller Can't Push Guo Clawback Bid To District Court

    Boies Schiller Flexner LLP cannot move to federal district court a $654,000 adversary proceeding in Chinese exile Miles Guo's Connecticut bankruptcy, according to a district court judge's ruling that said it would be more efficient to keep the dispute in bankruptcy court, at least for now.

  • May 06, 2025

    Alex Jones' Atty Seeks Discipline Pause In Sandy Hook Leak

    Alex Jones' former lead Connecticut attorney has asked a state appeals court to pause the remaining seven days of a suspension he was handed for a role in transferring Sandy Hook families' confidential records to another Jones attorney in Texas, arguing the case should be stayed while he again appeals the punishment.

  • May 06, 2025

    Franchise Group's $194M Ch. 11 Vitamin Shoppe Sale OK'd

    Retail brand operator Franchise Group received a Delaware bankruptcy judge's blessing Tuesday to sell supplement chain Vitamin Shoppe for $193.5 million ahead of its Chapter 11 confirmation hearing.

  • May 06, 2025

    Food Co. Harvest Sherwood Hits Ch. 11 Amid Sprouts Lawsuit

    Meat distributor Harvest Sherwood Food Distributors Inc. has filed for Chapter 11 protection in Texas bankruptcy court with up to $559 million in debt, saying it intends to wind down its remaining business and pursue claims against Sprouts Farmers Market over allegedly withheld payments.

  • May 05, 2025

    Judge Rejects Imerys Italy's Pick For Future Claims Rep

    A Delaware bankruptcy judge denied a motion from the Italian subsidiary of talc producer Imerys Talc America seeking to appoint the same attorney as the future claims representative as the lead debtor Monday, saying that group of potential claimants needs a separate representative.

  • May 05, 2025

    Small Biz, Consumer Bankruptcies On The Rise In 2025

    More small businesses and consumers sought bankruptcy protections at the start of 2025 compared to the same period last year, according to recently released data, as economic uncertainty, macroeconomic pressures and an end to pandemic-era relief programs converge.

  • May 05, 2025

    23andMe Gets Privacy Watchdog, Yellow Investors Push Ch. 7

    A Missouri bankruptcy judge signed off on a consumer privacy watchdog for 23andMe's Chapter 11. A group of shareholders and unsecured creditors that previously supported Yellow Corp. attempting a Chapter 11 plan have shifted gears and asked a Delaware bankruptcy judge to convert the case to a Chapter 7 liquidation. Chicken restaurant Sticky's won a Delaware bankruptcy judge's tentative permission to sell its assets to an investment fund for $2 million.

  • May 05, 2025

    Crypto Miner Objects To Celsius Sanctions Try In Ch. 11 Case

    Crypto mining company Mawson Infrastructure Group Inc. asked a Delaware bankruptcy judge to throw out an attempt by Celsius Network to impose sanctions on Mawson in the company's involuntary Chapter 11 case, saying its failed bid to extend an automatic stay to its subsidiaries was performed in good faith.

  • May 05, 2025

    Rite Aid Hits Bankruptcy Less Than A Year After Previous Ch. 11

    Drugstore chain Rite Aid Corp. reentered bankruptcy Monday less than a year after its earlier reorganization plan was approved, filing for Chapter 11 protection in New Jersey bankruptcy court with more than $1 billion in debt and plans for an asset sale.

  • May 05, 2025

    Byju's Alpha Sues 'Next Link' In Quest To Recover $533M

    The U.S. arm of Indian tech giant Byju's sued a British company in Delaware bankruptcy court on Monday, alleging the defendant is the recipient of $533 million in company funds as part of a years-long plot to cover up the ultimate destination of the money.

  • May 05, 2025

    Purdue Tells Justices 'Rigid' Fed. Circ. Rule Threatens Patents

    Bankrupt OxyContin-maker Purdue Pharma LP wants the U.S. Supreme Court to revive its legal effort to use patent laws to block the release of a competing "crush-resistant" generic painkiller, challenging a Federal Circuit decision that Purdue calls too "rigid."

  • May 02, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Conspiracy theorist Alex Jones asked a Texas bankruptcy court to restart the auction for his Infowars assets. Restaurant chain TGI Fridays requested additional time to file its Chapter 11 plan without any competing proposals. And the state of Ohio objected to a motion from U.S. Gypsum to reopen its Chapter 11 case nearly 20 years after its plan was confirmed.

  • May 02, 2025

    Brown Rudnick Pushes For Fees In Red River Ch. 11

    Brown Rudnick LLP is asking a Texas bankruptcy judge to authorize nearly $4.3 million in fees for its work for the talc claimants committee in the Red River Talc Chapter 11, saying its work against previous Johnson & Johnson talc spin-off bankruptcies should not count against it.

  • May 02, 2025

    JC Penney Says Emails Show Jackson Walker Hid Romance

    The wind down estate of J.C. Penney beefed up its allegations that Jackson Walker covered up a relationship between a former bankruptcy partner and Texas bankruptcy judge in an updated lawsuit to recover over $1 million in legal fees from its 2020 Chapter 11, shedding light on the firms emails with a public relations firm and outside ethics counsel.

  • May 02, 2025

    NJ Bankruptcy Judges May Be Tapped As Unpaid Mediators

    Bankruptcy judges may be among the jurists called upon to mediate New Jersey federal court cases without compensation, according to a proposed amendment to court rules.

  • May 02, 2025

    The Supreme Court's Week: By The Numbers

    The U.S. Supreme Court heard arguments in five cases this week, including over whether states can exclude private religious schools from charter school programs and if disabled children must meet a more stringent standard when seeking relief for educational discrimination, while issuing two decisions involving extra payments due hospitals and military reservists. Here, Law360 Pulse takes a data-driven dive into the week that was at the U.S. Supreme Court.

  • May 02, 2025

    EY Can Reveal $9.7B Settlement At UAE Health Biz Fraud Trial

    EY won an attempt on Friday to reveal a $9.66 billion settlement inked by a United Arab Emirates health care business and senior company officers accused of a $4 billion fraud as it defends itself against allegations it failed to stop the alleged wrongdoing.

  • May 01, 2025

    High Court Urged To Skip $272M Hertz 'Solvent Debtor' Appeal

    Wells Fargo has urged the U.S. Supreme Court to reject Hertz's appeal of a Third Circuit ruling that the car rental giant owes $272 million in make-whole payments and interest to noteholders following a Chapter 11 case it launched in 2020.

  • May 01, 2025

    Global Clean Energy's Costly Project Delays Led It To Ch. 11

    A long and unexpected delay in the construction of Global Clean Energy's renewable fuel factory in California forced the company to take on a crushing amount of debt and miss out on earnings for its plant-derived diesel, pushing the company into bankruptcy court last month with a plan to turn around the business with $250 million in new funding.

Expert Analysis

  • 8 Lessons Yellow Corp. Layoffs Can Teach Distressed Cos.

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    A Delaware bankruptcy court’s recent decision, examining trucking company Yellow Corp.’s abrupt termination of roughly 25,500 employees, offers financially distressed businesses a road map for navigating layoffs under the Worker Adjustment and Retraining Notification Act, say attorneys at King & Spalding.

  • Mentorship Resolutions For The New Year

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    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.

  • Coaching Little League Makes Me A Better Lawyer

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    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.

  • 5 Litigation Funding Trends To Note In 2025

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    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.

  • Rethinking Litigation Risk And What It Really Means To Win

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    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.

  • Lessons From Two New Year's Eve Uptier Exchange Decisions

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    On the last day of 2024, two different courts issued important decisions relating to non-pro rata uptier exchanges — and while they differ, both rulings highlight that transactions effected in reliance on undefined terms in debt agreements come with increased risk, say attorneys at Simpson Thacher.

  • Playing Rugby Makes Me A Better Lawyer

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    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.

  • No, Litigation Funders Are Not 'Fleeing' The District Of Del.

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    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.

  • 5 E-Discovery Predictions For 2025 And Beyond

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    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.

  • 7 Ways 2nd Trump Administration May Affect Partner Hiring

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    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.

  • E-Discovery Quarterly: Rulings On Custodian Selection

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    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.

  • Exercising On My Peloton Bike Makes Me A Better Lawyer

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    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.

  • 3 Factors Affecting Retail M&A Deals In 2025

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    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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