Large Cap
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August 18, 2025
Six Firms Get $146M In Fees In Boy Scouts Ch. 11
A Delaware bankruptcy judge has approved more than $146 million in fees sought by six law firms in Boy Scouts of America's Chapter 11, overruling a request from the U.S. Trustee's Office to trim $3.3 million off the bills.
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August 18, 2025
NY Judge Questions Brazilian Co. Oi's Ch. 15-To-Ch. 11 Shift
A New York federal bankruptcy judge expressed concerns about a Brazilian telecommunications company's novel plans to undo Chapter 15 recognition of a restructuring proceeding in its home country so it can file for Chapter 11 protection in the U.S.
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August 18, 2025
Court Sets Mediator For Prima Wawona Ch. 11 Claims Fight
A Delaware bankruptcy judge appointed a former bankruptcy judge and Skadden attorney to mediate a dispute between the liquidating trustee for fruit producer Prima Wawona and an entity that backed workers comp insurance for Prima Wawona.
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August 18, 2025
Burr & Forman Must Face Claims From Healthcare Scheme
A Georgia federal judge has denied Burr & Forman LLP's bid to escape a lawsuit accusing the firm of being party to a massive healthcare fraud scheme, ruling that it must largely face malpractice and breach of fiduciary claims from a pair of bankruptcy trustees.
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August 18, 2025
Del Monte Gets Final DIP OK, Yellow Corp. Seeks $16M Sales
A New Jersey bankruptcy judge handed down final approval of Del Monte's debtor-in-possession financing, Yellow Corp. asked a Delaware bankruptcy judge to approve $16 million in real estate sales, and the U.S. trustee objected to confirmation of Chapter 11 plans for Hooters and a Catholic diocese. This is the week in bankruptcy.
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August 18, 2025
Del Monte Processors Can't Get Immediate Decision On Deals
A New Jersey bankruptcy judge on Monday rejected a motion by tomato processors seeking immediate assumption or rejection of their contracts with Del Monte, saying a decision this early in the Chapter 11 case would hurt the packaged food giant's attempt to sell its assets.
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August 15, 2025
US Trustee Blasts Deals Over Jackson Walker-Judge Romance
The U.S. trustee for the Southern District of Texas on Friday objected to Jackson Walker LLP's proposed settlements with former bankruptcy clients meant to resolve fee disputes related to the concealed romance of a former lawyer with the firm and a former bankruptcy judge, arguing they should be denied or considered at trial.
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August 15, 2025
Argentina Can Stay YPF Stake Turnover, 2nd Circ. Says
The Second Circuit on Friday paused a New York federal judge's order requiring Argentina to give up its 51% equity stake in the nationalized oil company YPF SA to partially pay off a $16.1 billion judgment in investor litigation, while the country appeals.
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August 15, 2025
Real Estate Recap: Water Law, Risky Debt, NYC Rezone
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney insights into coastal development, one bank's bullish outlook on construction financing, and Midtown Manhattan's greenlight for denser residential development.
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August 15, 2025
Chancery Says Failed FTX Claim Buy Is Outside Its Jurisdiction
A Delaware Chancery Court judge on Friday ruled that a lawsuit over a failed deal to buy a claim in the Chapter 11 case of cryptocurrency platform FTX does not belong in his court, saying the fact the bankruptcy is being heard in Delaware does not constitute a sufficient connection to the state.
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August 15, 2025
Bank Fights $118M Ch. 11 Sunnova Sale Over Tax Credit Risks
A St. Louis-area bank has asked a Texas bankruptcy judge to reconsider his approval of a $118 million sale of almost all the assets of solar panel business Sunnova Energy International Inc., arguing the debtor failed to disclose that the sale included assets owned by nondebtors, possibly threatening millions of dollars in tax credits.
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August 15, 2025
Syracuse Diocese Ch. 11 Plan Faces US Trustee's Objection
The U.S. Trustee's Office on Friday asked a New York bankruptcy judge to reject a request by the Roman Catholic Diocese of Syracuse to amend its Chapter 11 plan to accommodate recent settlements with insurance carriers, saying the changes would force liability releases on abuse claimants who have already voted.
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August 15, 2025
What's Happening In Bankruptcy Court This Coming Week
In the coming week, bankruptcy judges are set to hear issues including a Brazilian telecommunications company's proposed jump from Chapter 15 to Chapter 11, final approval of Genesis Healthcare's postpetition financing, and a settlement proposed by electric-vehicle maker Nikola Corp.
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August 15, 2025
Zips Car Wash Landlords Deny Ch. 11 Assumption Of Leases
Two landlords of Zips Car Wash said in a Texas federal district court that its lease with the debtor was properly terminated for missed payments and the company should have vacated the properties, challenging the bankruptcy court's decision allowing Zips to assume the leases.
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August 15, 2025
Insolvency Service Official Explains Economic Crime Shift
The Insolvency Service's evolution into a frontline economic crime enforcer provides the government with an agency with new powers to crack down on fraud, which gives Whitehall a powerful tool to use against unscrupulous directors.
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August 15, 2025
Yellow Corp. Seeks OK For $16M In Real Estate Sales
Trucking company Yellow Corp. asked a Delaware bankruptcy judge to approve the sale of three of its remaining truck depots for a total of just over $16 million.
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August 14, 2025
Genesis Parent Says It Met $1.1B Duty, Seeks 'Overpayments'
Crypto conglomerate Digital Currency Group Inc. on Thursday urged a New York bankruptcy judge to declare it has no further obligations under a $1.1 billion promissory note meant to "backstop" its bankrupt subsidiary, crypto lender Genesis, after rising crypto prices allegedly offset the loss the note intended to cover.
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August 14, 2025
Under The Radar: Bankruptcy News You May Have Missed
Co-owners of a rice mill accused the CEO of having exceeded his authority by starting bankruptcy. Bankrupt oil company Cox Operating's Chapter 7 trustee asked a Colorado federal court to weigh in on a property. And electric vehicle maker Nikola asked a bankruptcy court to approve a settlement.
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August 14, 2025
Meet The Attorneys Guiding Turbine Blade Maker TPI's Ch. 11
A team of lawyers from Weil Gotshal & Manges LLP is leading the bankruptcy case of Arizona-based manufacturer of blades for wind turbines TPI Composites Inc., as the company plans to hand itself over to its senior lenders.
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August 14, 2025
Del Monte Says It's Too Soon To Decide On Tomato Contracts
Packaged foods giant Del Monte asked a New Jersey bankruptcy judge to reject a motion by tomato processors seeking an immediate decision on the fate of their contracts, saying making the call this early in the Chapter 11 case would disrupt its attempts to find a buyer.
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August 14, 2025
Infowars Faces Sale As Texas Judge Appoints Receiver
A Texas state court judge has ordered the appointment of a receiver to take possession of Alex Jones' Infowars assets to help satisfy over $1 billion in judgments he faces for defaming a group of families of Sandy Hook shooting victims.
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August 14, 2025
Rite Aid Gets More Bids For Leases, Properties In Ch. 11
Drugstore chain Rite Aid told a New Jersey bankruptcy judge on Thursday that it has secured another roughly $76 million in bids for leases and property across the country as the debtor works to sell its assets in Chapter 11.
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August 14, 2025
Troutman Adds 3 More CMBS Attys From K&L Gates
Troutman Pepper Locke LLP has announced three more additions to its commercial mortgage-backed securities team from K&L Gates LLP, saying their hires will "further fortify the firm's competitive edge in the special servicing and litigation sectors."
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August 13, 2025
Jewelry Co. Claire's To Appoint UK Insolvency Administrators
The operator of United Kingdom-based stores of the bankrupt jewelry retailer Claire's said Wednesday it would open an insolvency proceeding and appoint administrators, one week after Claire's filed for Chapter 11 protection in Delaware bankruptcy court.
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August 13, 2025
Policy Uncertainty, Competition Led Turbine Maker Into Ch. 11
Uncertainty around renewable energy policy, tariffs, supply chain issues and international competition led Arizona-based manufacturer of blades for wind turbines TPI Composites Inc. to file for Chapter 11.Â
Expert Analysis
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Collecting Rare Books Makes Me A Better Lawyer
My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.
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Judge Should Not Have Been Reprimanded For Alito Essay
Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.
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Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example
Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.
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AI Will Soon Transform The E-Discovery Industrial Complex
Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.
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When Innovation Overwhelms The Rule Of Law
In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.
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Adventure Photography Makes Me A Better Lawyer
Photographing nature everywhere from Siberia to Cuba and Iceland to Rwanda provides me with a constant reminder to refresh, refocus and rethink the legal issues that my clients face, says Richard Birmingham at Davis Wright.
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How Ch. 11 Can Alleviate Merchant Cash Advance Concerns
Merchant cash advance funding is one of the biggest challenges for small businesses today because funders are so prevalent, aggressive and expensive, but bankruptcy can provide several tools for dealing with MCA agreements that may allow the debtor business to restructure and survive, says Patricia Fugée at FisherBroyles.
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5 Ways To Create Effective Mock Assignments For Associates
In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.
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8 Lessons Yellow Corp. Layoffs Can Teach Distressed Cos.
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.
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Mentorship Resolutions For The New Year
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.
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Coaching Little League Makes Me A Better Lawyer
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.
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5 Litigation Funding Trends To Note In 2025
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.
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Rethinking Litigation Risk And What It Really Means To Win
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.