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Large Cap

  • August 06, 2025

    Prospect Medical Names Stalking Horse For California Assets

    Bankrupt healthcare company Prospect Medical Holdings Inc. told a Texas bankruptcy judge it had selected a subsidiary of Healthcare Systems of America to provide a bidding floor for debtor assets in California.

  • August 06, 2025

    Judge OKs Addition Of Kenvue, Janssen To J&J Talc MDL

    A New Jersey federal judge has rejected Johnson & Johnson's challenge to cancer patients' bid to add additional corporate defendants to multidistrict federal litigation over its talcum powder products, finding the additions would not be futile.

  • August 06, 2025

    Moritt Hock Grows Long Island Presence With 2 New Counsel

    Moritt Hock & Hamroff LLP, a midsize firm with offices in New York and Florida, announced Tuesday that it has added two counsel to its Long Island office in Garden City — the former town attorney for the seaside community of Huntington and a former Cullen and Dykman LLP lawyer.

  • August 06, 2025

    Big Lots, Gordon Bros. Strike Deal Over HQ Sale Funds

    Liquidating retailer Big Lots told a Delaware bankruptcy judge that it has reached a deal with Gordon Brothers Retail Partners after the consulting firm said it was owed the first $10 million from the $36 million sale of Big Lots' corporate headquarters in Ohio.

  • August 06, 2025

    Meet The Attys Guiding The Fresno Diocese Ch. 11 Case

    The Catholic Diocese of Fresno, California, has hired attorneys from McCormick Barstow Sheppard Waite & Carruth LLP to oversee the Chapter 11 case it began with plans to sell off its assets and establish a trust to compensate sex abuse claimants.

  • August 06, 2025

    Jewelry Chain Claire's Hits Ch. 11 Again, Will Close 700 Stores

    The parent company of jewelry chain Claire's filed for Chapter 11 protection Wednesday for the second time in seven years with $690 million in funded debt and plans to close 700 stores.

  • August 05, 2025

    Texas Bankruptcy Judge Won't Move Linqto Ch. 11 To Del.

    A Texas bankruptcy judge Tuesday kept the Chapter 11 bankruptcy of investment platform Linqto in the Lone Star State, finding shareholders who alleged forum shopping had not made the case to move the bankruptcy to Delaware.

  • August 05, 2025

    Voyager Digital's Former Bank Escapes Fraud Suit, For Now 

    Voyager Digital's former bank, Metropolitan Commercial Bank, has won dismissal of a 53-count suit alleging it was complicit in bad behavior by the now-defunct crypto lender and should be on the hook for repaying platform users, with the court ruling that the complaint as-is does not plausibly plead fraud or unjust enrichment.

  • August 05, 2025

    Trump Fires Most Of Puerto Rico Fiscal Oversight Board

    The Financial Oversight and Management Board for Puerto Rico, a body managing the island's debt restructuring, announced Tuesday that President Donald Trump has terminated five of its seven members.

  • August 05, 2025

    SVB Directed To Object To Ch. 11 Claims In Standing Fight

    The former parent company of Silicon Valley Bank and liquidators tasked with winding up its Cayman Islands branch locked horns on Tuesday over standing in a $294 million lawsuit, prompting a New York bankruptcy judge to request that SVB Financial object to claims as having been filed too late.

  • August 05, 2025

    2nd Circ. Nixes Madoff Feeder Fund Clawback Suits

    About 300 clawback lawsuits filed by the liquidators of British Virgin Islands-based funds that invested in Bernard L. Madoff Investment Securities should be dismissed, a Second Circuit panel said on Tuesday, finding the deals were protected by the U.S. Bankruptcy Code's safe harbor for securities transactions.

  • August 05, 2025

    Catching Up With New Bankruptcy Case Action

    Twin sand mining companies entered Chapter 11 after facing tensions with a lender and seeing drops in production and orders. A New York City music venue owner filed for bankruptcy, saying renovation and permitting troubles at its largest venue scuttled its 2025 season. And an Arkansas rice mill filed for Chapter 11 with up to $10 million in liabilities. Here are some of the past week's new bankruptcies.

  • August 05, 2025

    Binance Founder Seeks Exit From FTX $1.76B Clawback Suit

    Former Binance CEO Changpeng Zhao asked a Delaware bankruptcy judge to dismiss him from a clawback suit filed by the estate of bankrupt crypto exchange FTX seeking to recover $1.76 billion it says FTX illegally transferred before its collapse two years ago, saying the transaction was outside the court's jurisdiction.

  • 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. 

  • 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.

  • 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.

  • August 04, 2025

    Yellow Corp. Pension Fund Asks For 3rd Circ. Appeal In Ch. 11

    A pension fund for former Yellow Corp. employees who were members of a Teamsters local has requested permission to directly appeal to the Third Circuit a dispute in Delaware bankruptcy court over the insolvent trucking firm's fund withdrawal liabilities.

  • 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.

  • August 04, 2025

    Rite Aid Seeks $90M Clawback From McKesson

    Rite Aid is seeking to claw back about $90 million it paid out to prescription drug supplier McKesson Corp. over the days and months leading up to the national pharmacy chain's Chapter 11 filing in May, arguing the payments were not made as part of the ordinary course of business.

  • August 04, 2025

    Imperial Tobacco Seeks US Approval Of CA$32B Restructuring

    Imperial Tobacco Canada Ltd. asked a New York bankruptcy judge to recognize and enforce the company's Canadian restructuring plan that implements its role in a CA$32.5 billion ($23.59 billion) settlement of tobacco liability suits north of the border.

  • August 04, 2025

    SVB Says Caymanian Liquidators Can't Claw Back $294M

    The former parent of the defunct Silicon Valley Bank Monday asked a New York bankruptcy judge to stop the liquidators of its Cayman Islands branch from clawing back $294 million in dividend payments, saying there is no precedent for giving them standing to sue.

  • August 04, 2025

    Meet The Attorneys Guiding Chipmaker Wolfspeed's Ch. 11

    A team of lawyers from Hunton Andrews Kurth LLP and Latham & Watkins LLP is leading the bankruptcy case of semiconductor maker Wolfspeed Inc., as the company plans to slash 70% of its debt, $4.6 billion, from a restructuring plan later this year. 

  • 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.

  • 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.

  • August 01, 2025

    Del. Bankruptcy Judge Will Retain Ga. Dorm Operator's Ch. 11

    A Delaware bankruptcy judge refused to move the Chapter 11 bankruptcy of dorm operator Corvias Campus Living-USG LLC to Georgia, entering an order Friday denying a bid by the University System of Georgia's board of regents to relocate the proceedings.

Expert Analysis

  • Justices May Find Gov't Can Keep Fraudulent Transfer Benefit

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    Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.

  • When US Privilege Law Applies To Docs Made Outside The US

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    As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.

  • What 2024 Trends In Marketing, Comms Hiring Mean For 2025

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    The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.

  • How The Onion Could Still Buy InfoWars

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    While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.

  • Group Running Makes Me A Better Lawyer

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    The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.

  • 6 Changes I Would Make If I Ran A Law School

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    Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.

  • Firms Still Have The Edge In Lateral Hiring, But Buyer Beware

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    Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.

  • A Closer Look At SDNY Bankruptcy Rule Amendments

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    The U.S. Bankruptcy Court for the Southern District of New York’s recent amendments to its local rules aim to streamline key Chapter 11 processes, resolve misunderstandings about previous iterations of the rules and urge caution about the use of artificial intelligence, say attorneys at Skadden.

  • FTX Exec's Sentencing Shows Pros And Cons Of Cooperation

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    The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.

  • Gardening Makes Me A Better Lawyer

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    Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.

  • Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal

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    A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.

  • Litigation Inspiration: Reframing Document Review

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    For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.

  • The Challenges Of Abandoned Retirement Plans In Ch. 7

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    The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto.

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