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Catching Up With Delaware's Chancery Court

The Delaware Chancery Court last week tackled disputes involving merger litigation, insider trading allegations, books and records demands, advancement proceedings, fiduciary duties, public benefit corporations and more.

Papaya Gaming Files Ch. 15 To Shield Against $719M Verdict

Israeli mobile gaming company Papaya Gaming, which runs millions of Solitaire and Bingo tournaments every day, filed a Chapter 15 bankruptcy petition in a Delaware court after being hit with a $719 million jud... (more story)

EchoStar Unit Hughes Satellite Hits Ch. 11 With $1.5B In Debt

Hughes Satellite Systems Corp., a unit of telecommunications company EchoStar that provides broadband internet services, has filed for Chapter 11 protection in Texas bankruptcy court with about $1.5 billion in funded debt.

Law360 Names 2026's Top Attorneys Under 40

Law360 is pleased to announce the Rising Stars of 2026, our list of more than 160 attorneys under 40 whose legal accomplishments belie their age.

Del. Supreme Court Ends J&J Bid To Preserve Asbestos Data

The Delaware Supreme Court on Friday reversed a Chancery Court ruling that had allowed Johnson & Johnson, Dow Chemical and other major asbestos defendants to pursue a novel effort to stop bankruptcy trusts fro... (more story)

Uniroyal Legacy Unit Files Ch. 11 To Handle Asbestos Claims

A legacy unit of defunct tire maker Uniroyal filed for Chapter 11 protection on Friday in New Jersey to address 35,000 asbestos injury claims and hand over administration of ongoing retiree benefit programs.

DC Circ. Backs Ex-Steward CEO's Contempt Charge

The D.C. Circuit on Friday upheld a U.S. Senate committee's criminal and civil contempt finding against former Steward Health Care System LLC Chief Executive Ralph de la Torre after he refused to appear before... (more story)

End In Sight For Ovarian Cancer Patients With $5.5B+ J&J Deal

The $5.5 billion global deal over talc ovarian cancer allows women to move past recent court setbacks requiring them to provide experts who can show a causal link between their disease and use of talc, and for... (more story)

Lender Says YSA Took Oklahoma Property Without Notice

A senior secured lender asked a Delaware bankruptcy judge to bar YSA Investments 1 LLC from using rents generated by an Oklahoma apartment property, alleging the debtor took control of the property after recor... (more story)

Boy Scouts Claimant Blames Ex-Counsel For Lost $2.7M

An individual has asked a Delaware bankruptcy judge to reinstate his direct abuse claim against the Boy Scouts' settlement trust, asserting that Ahrens Law APC failed to file certain documents on time and sayi... (more story)

Mid Cap More

Bath Product Maker Vi-Jon Hits Ch. 11 With $25M Talc Deal

Private-label dry bath product maker Vi-Jon LLC filed for Chapter 11 protection in Delaware with a proposed plan to channel talc injury claims into a trust to be funded by $25 million of cash and the contribut... (more story)

7th Circ. Backs Experian In Credit Report, Debt Discharge Suit

The Seventh Circuit upheld the dismissal of a woman's Fair Credit Reporting Act lawsuit against Experian, finding the credit agency would have needed to make a legal analysis to determine a mortgage claim on h... (more story)

Bankrupt Swiss Rival Drops Expedia Antitrust Claims

A rival hotel booking website dropped its case in Washington federal court accusing Expedia of driving it out of business by using its control over Trivago to change the price comparison site's auction process... (more story)

Ascend Settles DOE Grant Audit Claims For $7.5M In Ch. 11

Bankrupt battery recycler Ascend Elements has secured court approval for a $7.5 million settlement with the U.S. Department of Energy,

AFSA CEO Targets 'Systemic Misuse' Of Insolvency And Debt

AFSA will focus on investigating the "systemic misuse" of personal insolvency proposals and predatory debt agreements, with CEO Tim Beresford saying these are the greatest threats to the insolvency system's in... (more story)

Del. Chancery Axes Student Loan Co. 'Unfair' Lender Deal Suit

A Delaware vice chancellor has dismissed, with prejudice, a stockholder lawsuit seeking to block new "highly dilutive" borrowing from the top lenders and shareholders of international student loan provider MPo... (more story)

Trustee Ordered To Fix 'Chaos' In Ch. 11 Tied To Arms Trader

A Texas federal judge has ordered the appointment of a Chapter 11 trustee to clean up "weeks of chaos" in the bankruptcy case of Louis Investments, a real estate management company that borrowed a 7,000% inter... (more story)

Exec Who Tried To Buy English Soccer Club Denies Fraud Rap

A Florida executive who once tried to buy England's Everton soccer club on Thursday denied new charges accusing him of engaging in a $500 million fraud on lenders, before the judge hearing his case declined to... (more story)

Simpson Thacher Trial Hears Of 'Grave Risk' In PIPE Deals

An attorney who is an expert in private investment in public equity transactions told a Florida jury hearing a malpractice case against Simpson Thacher & Bartlett LLP on Thursday that companies that enter into... (more story)

Ex-NY Bankruptcy Judge Robert Drain Joins M3 Partners

Robert Drain, the former Southern District of New York bankruptcy judge who oversaw Purdue Pharma's Chapter 11 case, will serve as a senior adviser and head of fiduciary services at M3 Partners, the restructur... (more story)

Expert Analysis

Teaching SEC Investigations Makes Me A Better Lawyer

Instructing a law school course on U.S. Securities and Exchange Commission investigations has made me a more thoug... (more story)

Why The 2nd Circ. Upheld Beneficial Ownership Blockers

The Second Circuit recently held that a properly drafted contractual blocker — which caps an investor's beneficial... (more story)

FDIC Proposals Mark Pullback In Bank Resolution Rules

A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolutio... (more story)