Large Cap
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September 05, 2025
Trucking Co. Owners Seek Ch. 15 Nods For Their Bankruptcies
Founders of bankrupt trucking group Pride Group Holdings Inc. have asked a Delaware bankruptcy court to recognize their personal Canadian bankruptcies, saying they filed for Chapter 15 to once again pause litigation by a Mitsubishi-connected lender.
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September 05, 2025
What's Happening In Bankruptcy Court This Coming Week
Spirit Airlines will ask a New York bankruptcy court for permission to use cash collateral in its latest Chapter 11. A Texas bankruptcy judge will weigh chipmaker Wolfspeed's disclosure and Chapter 11 plan. And courts in Delaware and New York will hold omnibus hearings for SVB Financial Group and Claire's.
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September 05, 2025
Not That Zuckerberg: Atty Sues Meta Over FB Page Takedown
Indianapolis bankruptcy attorney Mark S. Zuckerberg is suing Meta Platforms Inc. after his firm's commercial Facebook account was repeatedly suspended because of his shared name with the tech company's CEO and founder.
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September 05, 2025
Sunnova Gets OK For Ch. 11 Deal Over Solar Asset Sales
A Texas bankruptcy judge approved a settlement Friday in the Chapter 11 case of solar panel business Sunnova that resolves a dispute about its sale of solar energy systems by transferring disputed assets to the buyer in exchange for cash and other nonmonetary consideration valued at nearly $35 million.
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September 05, 2025
Ex-Bankruptcy Clients Defend Deal Over Jackson Walker Affair
Former Jackson Walker LLP bankruptcy clients said Friday that a proposed settlement meant to resolve a dispute regarding the concealed romance between a judge and attorney should go through as planned because the U.S. Trustee lacks jurisdiction to challenge the deals.
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September 05, 2025
Rochester Diocese's $246M Abuse Settlement Plan Approved
A New York bankruptcy judge on Friday approved the Roman Catholic Diocese of Rochester's $246 million Chapter 11 plan to the sound of applause as a six-year-old effort to craft a plan to pay sexual abuse claimants rolled to a conclusion.
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September 04, 2025
San Francisco Archdiocese Claimants Must Refile Affiliate Suit
A California bankruptcy judge on Thursday told the unsecured creditors committee in the Chapter 11 of the Archdiocese of San Francisco to refile a complaint seeking to declare parish assets estate property, saying the "substance" of the arguments was enough to go forward to trial.
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September 04, 2025
Under The Radar: Bankruptcy News You May Have Missed
FTX's recovery trust sued a former executive to recoup potential fraudulent transfers it alleged were used to buy Maryland real estate. A lender for two bankrupt sand mining companies in Texas asked for the debtors' cases to be moved from the Northern District of Texas to the state's western district. And the city of Pittsburgh raised red flags around the sale of an affordable housing complex through a bankruptcy sale it argued could be abetting fraud.
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September 04, 2025
Solar Co. Meyer Burger Unit Gets OK For $29M Ch. 11 Sale
The U.S. unit of Swiss solar-panel maker Meyer Burger secured a Delaware bankruptcy judge's approval Thursday to sell its assets for $28.7 million in Chapter 11, defeating an objection to the deal from unsecured creditors who charged that it benefits secured creditors but no one else.
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September 04, 2025
NJ Federal Judge Upholds Invitae's Ch. 11 Plan Orders
A New Jersey federal judge affirmed a pair of orders tied to approval of the Chapter 11 plan of Invitae Corp., ruling that the bankruptcy court was correct in denying unsecured creditors the right to bring avoidance actions on behalf of the debtor.
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September 04, 2025
What Drove Medical Transit Co. ModivCare To Ch. 11
Nonemergency medical transportation company ModivCare Inc. was pushed towards bankruptcy by issues like state budget cuts, competition from smaller companies and the large amount of debt it hauled along with limited cash.
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September 04, 2025
Yellow Corp. Gets Tentative OK To Seek Votes On Ch. 11 Plan
A Delaware bankruptcy judge said Thursday he would tentatively approve the latest disclosure statement from bankrupt trucking company Yellow Corp. after it resolved issues with its largest public shareholder, allowing the debtor to solicit votes on its Chapter 11 liquidation plan.
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September 04, 2025
Purdue Pharma Approved For $17.5M In Ch. 11 Bonus Plans
Bankrupt pharmaceutical company Purdue Pharma LP received approval from a New York judge Thursday to pay more than $17.5 million in employee bonuses, mirroring the bonus structures of the last few years since the company commenced its Chapter 11 case.
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September 03, 2025
Meet The Attorneys Guiding Walker Edison's Ch. 11
A team of lawyers from Morris Nichols Arsht & Tunnell LLP is leading the bankruptcy case of online furniture retailer Walker Edison as the company plans to sell its assets in Chapter 11.
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September 03, 2025
Sunnova Reaches Deal Over Ch. 11 Solar System Sales
Bankrupt solar panel business Sunnova Energy International Inc. asked a Texas court to approve a settlement that resolves an ongoing dispute about its sale of solar systems by transferring disputed systems to the buyer in exchange for $30 million of cash and other nonmonetary consideration.
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September 03, 2025
Rite Aid Seeks More Time To File Wind-Down Plan
Nearly four months into its second Chapter 11 case, Rite Aid has asked a New Jersey bankruptcy judge to give it more time to file a reorganization plan, saying it needs until the end of the year to draw up a proposal that will maximize value for creditors and others.
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September 03, 2025
Sullivan & Cromwell Hires Ex-Asst. To The Solicitor General
Sullivan & Cromwell LLP announced Wednesday that it has hired a former assistant to the solicitor general whose wealth of appellate experience includes six arguments before the U.S. Supreme Court.
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September 03, 2025
Catching Up With New Bankruptcy Case Action
Budget air carrier Spirit Airlines landed in bankruptcy again in New York. Utah-based furniture retailer Walker Edison filed for Chapter 11 in Delaware while it presses on with litigation against its former owners. And a Florida kitchen equipment supplier is seeking to reorganize its debt after running into supply chain and quality issues.
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September 03, 2025
SL Green Nabs Former Brooks Brothers Flagship For $160M
SL Green Realty Corp. announced a deal to buy the site of the former Brooks Brothers flagship store and an adjacent office building from the former head of the brand in a $160 million deal.
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September 02, 2025
Ex-Crypto Platform Cred Execs Sentenced For $150M Scheme
The former CEO and former chief financial officer behind bankrupt cryptocurrency lender Cred Inc. will serve four years and three years, respectively, after previously pleading guilty to conspiracy to commit wire fraud.
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September 02, 2025
Girardi Co-Attys Can't Revive Elder Abuse, Fiduciary Claims
A California state appeals court has found that claims of financial elder abuse and aiding and abetting a breach of fiduciary duty brought by two of Tom Girardi's co-counsel against his son-in-law were correctly dismissed, as was an aiding and abetting claim against a company run by Girardi's estranged wife.
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September 02, 2025
Meet The Attorneys Guiding Spirit Airlines In Ch. 11
Spirit Airlines found itself in Chapter 11 for the second time in late August, less than six months after emerging from a previous bankruptcy in which it slashed $795 million of debt from the balance sheet.
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September 02, 2025
Spirit Airlines Promises Aggressive Cuts In Second Ch. 11
Spirit Airlines kicked off its second Chapter 11 case in under a year on Tuesday by emphasizing it will more aggressively use the tools of bankruptcy to transform itself into a leaner business with dozens fewer jets, telling a New York federal judge that the case in effect will be the budget air carrier's "first Chapter 11."
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September 02, 2025
Party City, Wag!, Diocese Of Syracuse Get Ch. 11 Plans OK'd
U.S. bankruptcy courts approved several major Chapter 11 plans: a Texas judge confirmed Party City's liquidation plan, Delaware approved Wag! Group's debt-to-equity restructuring, and New York approved the Diocese of Syracuse's $176 million sexual abuse settlement.
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September 02, 2025
LifeScan Gets OK For Ch. 11 Plan Vote, October Hearing
A Texas bankruptcy judge Tuesday gave LifeScan permission to send its Chapter 11 plan out for a vote, overriding arguments that the blood glucose monitor maker provided too little information about the payment of vendor claims.
Expert Analysis
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Circus Arts Make Me A Better Lawyer
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.
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When Investigating An Adversary, Be Wary Of Forged Records
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.
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3 Ways To Train Junior Lawyers In 30 Minutes Or Less
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.
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The Bar Needs More Clarity On The Discovery Objection Rule
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.
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So You Want To Move Your Law Practice To Canada, Eh?
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.
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A Strategic Checklist For Bankruptcy Motion Objections
Excerpt from Practical Guidance
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.
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The 3rd-Party Bankruptcy Release Landscape After Purdue
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.
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Striking A Balance Between AI Use And Attorney Well-Being
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.
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Being An Artist Makes Me A Better Lawyer
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.
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Bankruptcy Decision Exemplifies Venue Issue For Franchisees
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.
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Lawyers With Disabilities Are Seeking Equity, Not Pity
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.
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Judicial Committee Best Venue For Litigation Funding Rules
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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The Strategic Advantages Of Appointing A Law Firm CEO
The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.