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Mid Cap

  • April 24, 2025

    Bar Louie Gets Final OK For $2.5M DIP In Ch. 11

    A Delaware bankruptcy judge on Thursday gave final approval to Texas-based gastropub chain Bar Louie to access $2.48 million of debtor-in-possession financing facility from its prepetition lender.

  • April 24, 2025

    Labor Woes, Fire, Debt Concerns Led Royal Interco To Ch. 11

    Operational setbacks due to labor shortages, a fire at its distribution center last year and reduced supplier credit stemming from concerns about upcoming debt maturity all contributed to Arizona-based paper towel producer Royal Interco LLC's filing for Chapter 11. 

  • April 24, 2025

    NY Youth Welfare Org Can Sell 22-Acre Property For $9M

    St. Christopher's, a youth mental-health care provider based in New York, received a bankruptcy judge's approval Thursday to close a $9 million sale of its roughly 22-acre property in Orange County, New York.

  • April 24, 2025

    Texas Memory Care Homes Hit Ch. 11 With $10M+ Debt

    A pair of Texas memory care facilities, affiliated with another facility that filed a disputed bankruptcy in December, are seeking Chapter 11 protection in Texas and claiming more than $10 million in liabilities.

  • April 24, 2025

    Pennsylvania Coal Co. Reaches Cleanup Deal In Ch. 11 Case

    Bankrupt coal-mining company Corsa Coal Corp. told a Pennsylvania judge that it had reached a deal with state regulators that resolves a dispute over water source cleanup obligations, with the debtor agreeing to pay $800,000 to be distributed to contaminated water source users.

  • April 24, 2025

    Publishers Clearing House Gets 3-Member Ch. 11 Committee

    The Office of the U.S. Trustee appointed three members to the official committee of unsecured creditors in the Chapter 11 case of sweepstakes business Publishers Clearing House.

  • April 24, 2025

    Fox Rothschild Welcomes 29 New Partners

    Fox Rothschild LLP has elevated 29 attorneys in 19 cities and 11 practice groups to partner, and promoted four associates to counsel, the firm announced.

  • April 23, 2025

    Pool Co. Wants Rival's CEO Arrested For Unpaid $17M Verdict

    A U.S. pool parts supplier wants the owner of a rival Chinese business arrested after months of allegedly dodging court orders demanding information on company assets to satisfy a $17 million false advertising and deceptive business practices judgment.

  • April 23, 2025

    Meet The Attys For Royal Interco's Ch. 11

    Paper goods producer Royal Interco LLC has retained a team of attorneys from Morris Nichols Arsht & Tunnell LLP to represent it in its Chapter 11, in which it intends to pursue a sale.

  • April 23, 2025

    Dolphin Encounter Co. Says Ex-CEO Took Over HQ By Force

    A restructuring professional retained by the bankrupt subsidiaries of The Dolphin Co. said in sworn court filings that the debtor's former CEO seized control of the business's Mexican headquarters earlier this month with the help of a cadre of armed men.

  • April 23, 2025

    Soybean Co. Benson Hill Gets DIP Financing Approval

    A Delaware bankruptcy judge on Wednesday granted final approval to high-protein soybean developer Benson Hill Inc.'s $11 million debtor-in-possession financing, following the company's "global settlement" with its unsecured creditors and DIP lenders.

  • April 23, 2025

    Silvergate Settles Securities Class Action For $37.5M In Ch. 11

    The parent company of Silvergate Bank has asked a Delaware bankruptcy judge to approve a new deal to settle a securities class action for $37.5 million and resolve a slew of indemnification issues in its Chapter 11, a resolution that the debtor said would save it potentially millions of dollars in legal fees.

  • April 23, 2025

    Biotech Firm Omega Therapeutics OK'd For $14M Ch. 11 Sale

    Biotechnology developer Omega Therapeutics received a Delaware bankruptcy judge's approval Wednesday to sell itself to its debtor-in-possession lender and a major shareholder for $14 million in Chapter 11.

  • April 23, 2025

    Ex-CEO Fires Back At Jackson Walker's Standing Argument

    The former CEO of a defunct barge company is fighting to keep alive his lawsuit blaming the company's downfall on the judicial secret romance scandal that has consumed the Texas bankruptcy courts, claiming Jackson Walker LLP is using its own misdeeds to shield itself from liability.

  • April 23, 2025

    Aztec Fund Says Ch. 11 Deal With Bank Of America On Track

    Private equity investment group Aztec Fund can seek votes on its Chapter 11 liquidation plan after a Texas bankruptcy judge gave conditional approval of its disclosure statement.

  • April 23, 2025

    AI Entrepreneur In Talks To Resolve $10M Fraud Case

    The founder of an education-based artificial intelligence company accused of fleecing investors of $10 million is in talks with prosecutors to resolve the case, according to a Wednesday letter.

  • April 22, 2025

    Buffalo Diocese Agrees To Pay $150M To Sex Abuse Survivors

    The Roman Catholic Diocese of Buffalo, New York, on Tuesday announced it has reached a $150 million agreement in principle that would settle the diocese's liability for about 900 claims of child sexual abuse.

  • April 22, 2025

    Brightmark Bondholders Want 'Charade' Ch. 11 Case Tossed

    Secured bondholders of plastics recycling company Brightmark have asked the Delaware bankruptcy court to dismiss the debtor's Chapter 11 proceedings, calling the case a "charade" designed to hand over assets to its parent company to the detriment of the secured creditors.

  • April 22, 2025

    23andMe Has Received 'Significant Interest' In Ch. 11 Auction

    Genetic testing company 23andMe has received significant interest in the Chapter 11 auction for its assets, its counsel told a Missouri bankruptcy judge Tuesday at a hearing where it received final approval of a $35 million financing package to fund its bankruptcy case.

  • April 22, 2025

    Catching Up With New Bankruptcy Case Action

    A renewable diesel fuel refiner filed for bankruptcy to avoid creditor-on-creditor litigation and restructure its debts. The maker of specialized nylon products launched Chapter 11 proceedings after facing industry headwinds and operational disruptions. A startup developing therapies for treatment-resistant types of cancer is hoping to swap its debt for equity in bankruptcy.

  • April 22, 2025

    Movie Producer Village Roadshow OK'd For Ch. 11 Sale Plan

    A Delaware bankruptcy judge on Tuesday gave movie production and finance company Village Roadshow Entertainment Group the go-ahead to implement its proposed asset sale process, after the debtor said it had managed to iron out opposition.

  • April 22, 2025

    Chase Bank Can't Ditch Claims It Aided $119M Ponzi Scam

    A California federal judge trimmed on Monday SiliconSage Builders LLC receiver's lawsuit accusing JPMorgan Chase of allegedly helping the now-defunct real estate developer carry out a massive $119 million Ponzi scheme, tossing an unjust enrichment claim, but allowing the bulk of the aiding-and-abetting allegations to survive.

  • April 22, 2025

    Pittsburgh Firm Accused Of Botching $3M Office Rent Row

    The owner of a Pittsburgh office building claims mistakes made by attorneys from Meyer Unkovic & Scott LLP cost the company more than $3.3 million in rental income and interest payments, according to a lawsuit filed in federal court Monday.

  • April 22, 2025

    Paper Towel Biz Gets 3-Member Ch. 11 Creditor Committee

    The Office of the U.S. Trustee has appointed three members to the official committee of unsecured creditors in the Chapter 11 case of Royal Interco LLC, which supplies private-label paper products for grocery chains including Trader Joe's and Aldi.

  • April 22, 2025

    Meet The Attys Helping Memstar Through Ch. 11

    Water treatment supplier Memstar USA has called upon attorneys from Dykema Gossett PLLC to help it through Chapter 11 as it seeks to address almost $11 million in debt and sell off its assets.

Expert Analysis

  • 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.

  • Circus Arts Make Me A Better Lawyer

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    Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.

  • When Investigating An Adversary, Be Wary Of Forged Records

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    Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research.

  • 3 Ways To Train Junior Lawyers In 30 Minutes Or Less

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    Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.

  • The Bar Needs More Clarity On The Discovery Objection Rule

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    Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.

  • So You Want To Move Your Law Practice To Canada, Eh?

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    Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.

  • A Strategic Checklist For Bankruptcy Motion Objections

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    Hewing to a set of best practices for objecting to a motion in bankruptcy cases can help creditors’ counsel stay on track as they juggle deadlines and jurisdictions, determine whether filing will help or harm the client, and negotiate with the debtor.

  • The 3rd-Party Bankruptcy Release Landscape After Purdue

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    In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis.

  • Striking A Balance Between AI Use And Attorney Well-Being

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    As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.

  • Being An Artist Makes Me A Better Lawyer

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    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • Bankruptcy Decision Exemplifies Venue Issue For Franchisees

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    A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on assumption of executory franchise contracts highlights the issue of whether franchisee debtors can qualify for case venue in friendlier circuits, says David Gamble at Parkins Rubio.

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

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    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

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