Large Cap
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February 24, 2026
Office Building REIT OK To Take Votes On $1.1B Debt-Cut Plan
A Texas bankruptcy judge on Tuesday said he would allow Office Properties Income Trust to solicit votes on a Chapter 11 plan that would let the company cut about $1.1 billion in debt, reserving creditor objections to the proposal for a later hearing.
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February 24, 2026
Mallinckrodt's Ch. 11 Blocks Antitrust Payouts, Judge Rules
A Connecticut federal judge has ruled that drugmaker Mallinckrodt PLC shrugged off monetary claims brought by states in a sprawling generic drug antitrust enforcement action when the company emerged from bankruptcy in 2022.
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February 24, 2026
Terraform Says Jane Street 'Insider Trading' Led To Ch. 11
The administrator for bankrupt cryptocurrency company Terraform Labs has sued trading firm Jane Street in New York federal court over what Terraform says was an insider trading scheme to "front-run trading that hastened the collapse of Terraform."
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February 24, 2026
Saks, Simon Properties Spar Over Lease Terminations
Counsel for luxury retailer Saks and retail landlord Simon Properties asked a Texas bankruptcy judge on Tuesday to rule if a $100 million deal in 2024 allows Simon to terminate two of Saks' leases.
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February 24, 2026
Spirit Reaches Ch. 11 Creditor Deal To Emerge By Summer
Bankrupt budget airline Spirit Aviation Holdings announced Tuesday that it has reached an agreement with its secured creditors for a restructuring plan that will allow the company to emerge from Chapter 11 by summer with a streamlined aircraft fleet and improved flight offerings.
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February 24, 2026
BCLP Guides LA Development's $470M Bankruptcy Sale
A sprawling mixed-use development project in downtown Los Angeles has been sold off as part of an ongoing Chapter 11 bankruptcy case in a $470 million transaction guided by Bryan Cave Leighton Paisner LLP.
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February 24, 2026
Catching Up With New Bankruptcy Case Action
A company that provides natural gas compression equipment filed for Chapter 11 with more than $240 million in debt, a clay miner entered bankruptcy protection in response to an uptick in lawsuits, and a flavored air device maker asked U.S. courts to recognize its Canadian insolvency.
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February 23, 2026
Bankruptcy Pros See Parallels Between Dot-Com Era And AI
Bankruptcy experts are saying the current enthusiasm for artificial intelligence has parallels with the early-2000s bubble of investment and debt in the online sector and the telecommunication industry.
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February 23, 2026
Bestwall Claimants Urge High Court To Hear Ch. 11 Challenge
Asbestos claimants of Georgia-Pacific spinoff Bestwall have asked the U.S. Supreme Court to take up their challenge to Bestwall's "Texas two-step" bankruptcy, saying the Fourth Circuit created an "erroneous legal standard that incentivizes forum-shopping" when it allowed Bestwall to stay in Chapter 11 last year.
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February 23, 2026
US Trustee Says Steward Health Can't Close Ch. 11 Case Yet
The U.S. Trustee's Office is opposing a move by Steward Health Care System to close its Texas bankruptcy cases, contending that while the debtor's plan has been confirmed, it is not yet effective and litigation over its plan is still pending.
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February 23, 2026
Catching Up With Delaware's Chancery Court
Legal fee feuds, noncompete pact breach fights and post-closing "earnout" battles piled up in Delaware's equity and commercial law venues last week, with top jurists briefing lawmakers on efforts to better manage crowded dockets and expanded benches.
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February 23, 2026
Saks' $5B DIP Gets Final OK, Biotech Co. Wants Credit Bid Bar
Luxury retailer Saks can access the final portion of a more than $5 billion Chapter 11 loan, the Roman Catholic Diocese of Oakland and its creditors' committee will submit competing Chapter 11 plans, and a biotech firm says a last-minute bid change has stifled bankruptcy auction competition.
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February 23, 2026
Greenberg Glusker Adds Land Use, Corporate Attys In LA
Greenberg Glusker Fields Claman & Machtinger LLP announced Monday the firm is expanding its ranks with the addition of two new partners to its Los Angeles office: a land use whiz from Jeffer Mangels & Mitchell LLP and a transactional ace from Prospera Law LLP.
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February 23, 2026
NJ Watchdog Takes File Fight In Hospital Row To 3rd Circ.
A New Jersey watchdog will take its bid to shield investigative files from discovery in a hospital's antitrust suit to the Third Circuit, according to a court notice.
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February 23, 2026
Pretium's Ch. 11 Prepack Confirmed Over Opt-Out Objection
Pretium Packaging LLC received approval Monday in New Jersey bankruptcy court for its prepackaged Chapter 11 plan of reorganization after a judge said an opt-out mechanism for third-party releases is a permitted means of gaining consent from creditors.
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February 20, 2026
McGlinchey Stafford Files Ch. 7 With Over $10M In Liabilities
New Orleans-based firm McGlinchey Stafford PLLC, which announced last month that it's winding down operations after more than half a century, filed for Chapter 7 bankruptcy with more than $10 million in liabilities owed to former staff and attorneys, workplace vendors, financial institutions and other creditors.
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February 20, 2026
Secret Marketing Allegations Push Back Ch. 11 Sale Process
A New Jersey bankruptcy judge extended by two weeks the sale process for the assets of global label maker Multi-Color Corp. after a cross-holder ad hoc group of hedge funds and investment managers accused the debtor of running a secretive marketing process.
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February 20, 2026
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy courts are set to tackle issues ranging from whether Saks Global's Chapter 11 precludes a landlord from reclaiming properties, MMA Law's plan to sell tort claim interests to another law firm, and Tilson Technology Management Inc.'s request to conclude its Chapter 11 case.
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February 20, 2026
Lender Onset Hits Back On First Brands' $2.9B Fraud Suit
First Brands lender Onset Financial Inc. is slamming a $2.9 billion lawsuit that the embattled auto parts maker brought against Onset in Texas bankruptcy court last month, asserting it is the victim rather than a perpetrator of the fraud that sent First Brands into Chapter 11.
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February 20, 2026
The Rise Of 'Good' Forum Shopping In Global Bankruptcy
Companies with oppressive levels of debt are increasingly skipping Chapter 11 and restructuring overseas to obtain relief unavailable under U.S. bankruptcy law, using what some foreign courts and experts have called "good forum shopping" to select a preferred venue while keeping their operating business safe at home.
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February 20, 2026
Beasley Allen Can't Pause NJ Talc DQ Order, Judge Rules
The Beasley Allen Law Firm can't delay an order disqualifying it from representing hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder while it seeks review from the New Jersey Supreme Court, a state judge ruled on Friday.
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February 20, 2026
Saks Global Gets Final OK On Over $1.2B In Ch. 11 Funding
Luxury retailer Saks Global secured a Texas bankruptcy judge's approval Friday on more than $1.2 billion in Chapter 11 financing after reaching a deal with unsecured creditors, funds that Saks will use to support its reorganization efforts.
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February 20, 2026
Pryor Cashman Appoints Bankruptcy Chair To Exec Committee
Pryor Cashman LLP announced that an experienced attorney who has served in leadership roles in his nearly 20 years with the firm has been elected to a three-year term as a member of its executive committee.
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February 20, 2026
Simpson Thacher Plans Dallas Launch, Adds Capital Practice
Simpson Thacher & Bartlett LLP is planning to plant a second flag in the Lone Star State with a shop in Dallas after launching a capital structure solutions practice with a New York-based partner who came aboard from Kirkland & Ellis LLP at the helm.
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February 19, 2026
How The Camden Diocese Reached A $180M Abuse Deal
In agreeing to pay $180 million to a trust for clergy sexual abuse survivors, the Roman Catholic Diocese of Camden, New Jersey, and its insurers took a big step toward ending a longtime dispute that put bankruptcy proceedings at the center of victim compensation.
Expert Analysis
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Attorneys Must Act Now To Protect Judicial Independence
Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.
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Competitive Weightlifting Makes Me A Better Lawyer
The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.
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Serta Ruling Further Narrows Equitable Mootness In 5th Circ.
The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.
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Inconsistent Injury-In-Fact Rules Hinder Federal Practice
A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.
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In-House Counsel Pointers For Preserving Atty-Client Privilege
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.
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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.