Large Cap
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July 10, 2025
Conn. Panel Will Again Hear Ex-Alex Jones Atty's Ethics Case
The Connecticut Appellate Court will hear former Alex Jones attorney Norm Pattis' second appeal of his already-reduced, two-week suspension for allowing a former associate to send Sandy Hook medical records to other Jones attorneys who had not signed a confidentiality order.
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July 10, 2025
Genesis Healthcare Hits Ch. 11 With DIP Deal, Sale Plans
Genesis Healthcare Inc., a holding company for rehabilitation centers and nursing homes in 18 states, and nearly 300 of its affiliates and subsidiaries have filed for Chapter 11 protection with at least $2 billion of liabilities, after the cost of litigation, tax back payments, a cyberattack and several other factors squeezed its cash flow.
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July 09, 2025
Linqto Users Say Founder Flouted Securities Laws
Customers of recently bankrupt private investment platform Linqto sued its founder and former CEO in New York federal court on Wednesday, alleging in a proposed class action that he disregarded securities laws and oversaw aggressive and misleading marketing to lure investors.
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July 09, 2025
11th Circ. Rules Against Hotelier In Arbitration Battle
The Eleventh Circuit on Tuesday affirmed a bankruptcy court's annulment of an automatic stay to allow enforcement of an arbitral award issued in a dispute over a failed $250 million hotel conglomerate, rejecting arguments that the order was barred under a 2020 U.S. Supreme Court decision.
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July 09, 2025
Tariffs Loom Large Over Smaller Ch. 11s So Far In 2025
Mid-market businesses have been struggling with economic uncertainty in the first half of the year, especially with the threat of higher tariffs and reduced incentives for renewable energy, bankruptcy professionals told Law360.
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July 09, 2025
Tariff Uncertainty Led Home Decor Retailer At Home To Ch. 11
Amid growing uncertainty surrounding newly imposed tariffs and burdened by a highly leveraged balance sheet, household furnishings retailer At Home Group Inc. has filed for Chapter 11 protection, citing approximately $2 billion in debt.
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July 09, 2025
NJ Justices Disbar Fla. Atty For Misappropriating $100K
The New Jersey Supreme Court has disbarred a Florida attorney based on Disciplinary Review Board findings that she misappropriated more than $100,000 in client funds.
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July 09, 2025
McGuireWoods Names New Office Leaders In 4 US Cities
McGuireWoods LLP announced Wednesday that it has appointed new office managing partners in Atlanta, Houston, Baltimore and San Francisco, continuing the firm's practice of rotating its staff in and out of key leadership positions.
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July 08, 2025
Puerto Rico Bond Suit Doesn't Belong In Conn., Insurers Say
The insurers of billions in bonds issued by the Puerto Rico Sales Tax Financing Corp. say a Connecticut federal judge can't hear a proposed class action accusing them of failing to pay bondholders the full value of their investments after a 2016 bankruptcy default.
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July 08, 2025
Bid To Convert Yellow To Ch. 7 Postponed, New Plan Expected
A bid to convert the Chapter 11 bankruptcy of Yellow Corp. to a Chapter 7 liquidation was postponed on Tuesday as the former trucking company promised it would soon propose a new plan after nearly two years in court-supervised restructuring.
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July 08, 2025
Catching Up With New Bankruptcy Case Action
Del Monte, a titan in the canned food industry, entered Chapter 11 in New Jersey. A media company partially controlled by Dr. Phil entered bankruptcy in Texas and began suing its joint venture partner. And a company that offers health care in The Villages retirement community hit bankruptcy in Florida with an initial bid for its assets.
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July 08, 2025
Prospect Medical Doctor Groups Hit Ch. 11 After Astrana Sale
About two dozen physician practices linked to bankrupt healthcare company Prospect Medical have filed for Chapter 11 protection in Texas, days after Prospect sold some of the entities' assets to Astrana Health Inc. for $708 million.
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July 08, 2025
Jackson Walker, US Trustee Have A Week To Finish Mediation
A Texas federal judge has given Jackson Walker LLP and the federal government's bankruptcy watchdog a week to finish mediation in a fee dispute stemming from a former bankruptcy judge's secret relationship with a former firm partner.
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July 08, 2025
Linqto Hits Ch. 11 Amid SEC Probe, Compliance Concerns
Linqto, a platform that connected investors with pre-IPO startups and other privately held firms, has filed for bankruptcy in Texas amid an investigation by the U.S. Securities and Exchange Commission and internal concerns over its compliance with securities laws.
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July 07, 2025
Texas Says GM Can't Use Ch. 11 Sale To End Data Privacy Suit
The Texas attorney general is urging a New York bankruptcy court to reject General Motors' bid to escape a data privacy suit being pressed by his office over the automaker's allegedly unlawful collection and sale of drivers' private information, arguing that the court lacks jurisdiction over the agency and that the claims aren't barred by prior bankruptcy proceedings.
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July 07, 2025
Fresno Diocese Seeks Parish Account Protection In Ch. 11
The bankrupt Roman Catholic Bishop of Fresno told a California judge Monday that it would be providing additional evidentiary support for its cash management motion so that the bank accounts of its non-debtor parishes can be protected from closure.
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July 07, 2025
Texas Appeals Court Finds $50M Dubai Judgment Was Unfair
A Texas appeals court has found that a $50 million judgment issued by a United Arab Emirates court system against executives who allegedly fled the country after committing fraud could not stand under state law, saying the UAE court system never provided the executives adequate notice.
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July 07, 2025
Celsius Ends FTX Clawback Suit, Rite Aid Unit Sale OK'd
FTX's Bahamas unit and bankrupt cryptocurrency lender Celsius Network reached a settlement resolving an adversary lawsuit seeking the return of around $517 million in pre-bankruptcy transfers. A New Jersey bankruptcy judge approved Rite Aid's roughly $19 million sale of an ice cream brand to a pair of billionaires behind Monster Energy. And insurers are challenging Avon's Chapter 11 plan, arguing it unfairly forces them to cover potentially invalid talc injury claims.
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July 07, 2025
AIG Pays $6M For Fire In Chinese Exile Guo's NYC Apartment
AIG Property Casualty Co. has paid more than $6 million to a company once owned by Chinese exile and since-convicted fraudster Miles Guo after a fire damaged his former residence in New York City's Sherry-Netherland Hotel, an exclusive co-op across the street from Central Park, a court filing indicates.
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July 07, 2025
Meet The Attorneys Guiding Del Monte In Its $1.2B Ch. 11
A team of attorneys from Cole Schotz PC and Herbert Smith Freehills Kramer are guiding packaged foods giant Del Monte through Chapter 11 as it hopes to find a buyer.
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July 07, 2025
Catching Up With Delaware's Chancery Court
In Delaware in the past week, a vice chancellor awarded just $1 in damages to a China-tied company looking to secure a $50 million stake in SpaceX while also slamming the fund's manager for acting "insincerely," Tyson Foods won $55 million in damages in a suit claiming the owner of two poultry rendering plants Tyson acquired hid that it relied on a "disfavored" practice of recovering "unappetizing remnants of butchered chickens," and a suit over a one-site bank's 11-aircraft fleet was moved into the discovery phase.
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July 07, 2025
Steward Health Reaches $15.5M Deal With Fla. Hospital Buyer
Hospital operator Steward Health Care told a Texas bankruptcy judge Monday it had reached a deal with the buyer of eight of its hospitals to resolve claims over $55 million in disputed Medicaid payments, with Steward expected to recoup $15.5 million as part of the agreement.
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July 07, 2025
Lindberg Victims May See $318M Restitution From Asset Sale
The special master who is untangling convicted billionaire Greg Lindberg's web of companies wants to dole out roughly $318 million in restitution from the sale of one of the mogul's most valuable assets to the insurance companies he is accused of defrauding, court records show.
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July 03, 2025
Avianca Asks Justices To Resolve Ch. 11 Lease Obligations
South America's second-largest airline Avianca on Thursday took a fight stemming from its 2020 bankruptcy to the U.S. Supreme Court, asking the justices to resolve a circuit split over the question of when a Chapter 11 debtor's lease obligations arise.
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July 03, 2025
Bankruptcy Judge Lets Del. Court Take Invitae Contract Fight
A New Jersey bankruptcy judge has abstained from ruling on a motion to dismiss an adversary lawsuit brought by genetic testing company Natera against bankrupt competitor Invitae over a 2024 asset purchase, saying that Delaware's Chancery Court is the preferred venue for deciding the dispute given parallel litigation pending there.
Expert Analysis
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.
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Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Baseball Fantasy Camp Makes Me A Better Lawyer
With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.
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Adapting To Private Practice: From Fed. Prosecutor To BigLaw
Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.
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Perfecting Security Interests In Renewable Energy Tax Credits
The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.