Large Cap
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June 16, 2025
Joann Seeks Ch. 11 Block For Vendors' Ohio Suit
Bankrupt fabric retailer Joann Inc. has asked a Delaware bankruptcy judge to block an Ohio state suit filed against seven top company officials by vendors who claim they were deceived into extending credit to the 80-year-old fabric retailer between its first and second retreat into Chapter 11.
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June 16, 2025
Meet The Attys Leading Auto Parts Maker Marelli's Ch. 11
A group of lawyers from Pachulski Stang Ziehl & Jones LLP and Kirkland & Ellis LLP is representing automotive parts manufacturer Marelli Corp., which supplies parts to Nissan, Volkswagen, BMW and Mercedes-Benz, in its bankruptcy case.
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June 16, 2025
Angeion Group Expands, Rebrands Its Bankruptcy Services
Philadelphia-based litigation support company Angeion Group, which provides legal administration and group litigation support services, announced Monday the hiring of two new executive vice presidents for its bankruptcy services division.
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June 16, 2025
All 50 States Agree To Purdue Pharma's $7.4B Settlement
Attorneys general from 55 U.S. states and territories on Monday backed Purdue Pharma's $7.4 billion deal to settle opioid injury claims against the company and the Sackler family, almost a year after the U.S. Supreme Court threw out Purdue's previous plan to end litigation over its role in the opioid epidemic.
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June 16, 2025
Home Decor Retailer Blames Tariffs For New Ch. 11 Filing
Household furnishing retail chain At Home Group Inc. filed for Chapter 11 protection Monday with just shy of $2 billion of debt, saying recent uncertainty over tariffs worsened its highly leveraged balance sheet and drove it into bankruptcy.
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June 13, 2025
Real Estate Recap: Builders' Hack, Korean Mezz, Hotel Angst
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including an inside look at California's Builder's Remedy, aggressive moves by South Korean mezzanine lenders, and why one BigLaw hospitality leader says hotels are "scared to death."
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June 13, 2025
Steward Health, Creditors Push Back On Case Conversion Bid
The official committee of unsecured creditors for Steward Health Care told a Texas bankruptcy judge on Friday the company's Chapter 11 case should not be converted to a liquidation, claiming the proposed restructuring plan is the only way for them to obtain meaningful recoveries.
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June 13, 2025
Celsius Founder To Drop Ch. 11 Claims After Prison Sentence
Claims asserted by Alexander Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Networks, and his affiliated entities in the company's Chapter 11 case are being withdrawn and disallowed now that Mashinsky has been sentenced to prison.
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June 13, 2025
What's Happening In Bankruptcy Court This Coming Week
Vodka company Stoli Group and pharmaceutical giant Purdue are both headed to court to make the case for their bankruptcy plan disclosure statements, New Hampshire power plant operator Burgess BioPower will try to get its Chapter 11 plan confirmed, and trucking company Yellow Corp. is facing a bid to send it to liquidation.
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June 13, 2025
The Supreme Court's Week: By The Numbers
The U.S. Supreme Court issued six decisions this week, with the justices finding unanimity in four, including ones involving the threshold disabled students must meet in disability discrimination cases against public schools and another over whether the government can escape a Federal Tort Claims Act suit sparked by a mistaken FBI raid. Here, Law360 Pulse takes a data-driven dive into the week that was at the U.S. Supreme Court.
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June 13, 2025
3rd Circ. Won't Rehear Bid To Toss Boy Scouts' Ch. 11 Plan
The Third Circuit declined to hold a panel or full court rehearing of its May decision to uphold the Boy Scouts of America's Chapter 11 bankruptcy plan in a pair of Friday orders rejecting petitions by two sets of abuse survivors, with the orders implying some judges on the court had supported taking another look.
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June 13, 2025
GWG Can Settle With Mayer Brown, Ex-Execs In $91.3M Deals
Failed life insurance-backed bond seller GWG Holdings Inc. won a Texas bankruptcy judge's approval Friday of four settlements totaling $91.3 million with parties including Mayer Brown LLP and the company's former directors, ending a slew of litigation nearly two years after the debtor confirmed a Chapter 11 plan.
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June 13, 2025
Jackson Walker, Ex-Judge Facing Class Action Over Romance
A former bankruptcy judge and Jackson Walker LLP have been hit with another lawsuit over the judge's secret romance with a former firm partner, this time a proposed class action from a group of bondholders of financial company GWG Holdings Inc.
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June 13, 2025
Meet The Weil Attys Guiding Everstream's Ch. 11
Everstream, a provider of fiber networks to businesses, has retained a team of lawyers from Weil Gotshal & Manges LLP to aid its journey through a bankruptcy it started with plans to conduct a Chapter 11 sale to a competitor.
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June 12, 2025
Sunnova Can Tap Loan, Sell More Assets To Finance Ch. 11
Residential solar panel group Sunnova Energy received a Texas bankruptcy judge's interim approval Thursday for a debtor-in-possession loan and an asset sale, freeing up another $31 million to fund its Chapter 11 case.
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June 12, 2025
Under The Radar: Bankruptcy News You May Have Missed
A Pennsylvania coal company and creditors for an orthopedic implant maker are looking to end their respective Chapter 11 cases, the trustee for Bernie Madoff's investment firm has struck a deal with a feeder fund, and a movie production company wants permission to pay "key" employees to stay on board until the end of its own Chapter 11.
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June 12, 2025
Auto Parts Co. Marelli Can Tap $519M In Ch. 11 Financing
A Delaware bankruptcy judge Thursday agreed to give interim permission for automotive parts manufacturer Marelli Corp. to draw on $519 million of its $2 billion debtor-in-possession financing, giving it runway for a likely debt-equity swap to hand over the company to its DIP lenders.
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June 12, 2025
Reed Smith Pushes For 2nd Circ. Stay In $102M Award Fight
Still seeking to represent prebankruptcy owners of international shipping company Eletson Holdings Inc., Reed Smith LLP has asked the Second Circuit to stay a bankruptcy proceeding and a district court action, arguing the reorganized Eletson, now allegedly under common control with a former adversary, has launched a "calculated effort" to seize the company's privileged client information.
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June 12, 2025
5th Circ. Sanchez Ruling Nixes Double-Dip Ch. 11 Decision
A recent Fifth Circuit decision that stripped unsecured creditors of majority control over oil driller Sanchez Energy criticized a Texas court for letting the lower-ranked investors "have their cake and eat it too," finding that a bankruptcy judge erred in allowing unsecured creditors to recover the value of property that already had been returned.
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June 12, 2025
Kirkland & Ellis Adds Former Ropes & Gray Deals Atty In NY
Kirkland & Ellis LLP said Wednesday it has welcomed a corporate partner from Ropes & Gray LLP to its New York office, touting her experience with major deals in sectors such as financial services, software, healthcare, industrials, consumer products and retail.
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June 12, 2025
McKinsey Says Purdue Ch. 11 Plan Endangers Sackler Claims
McKinsey & Co. has asked a New York bankruptcy judge to reject the disclosure statement for Purdue Pharma's Chapter 11 plan, saying there is ambiguity on how the plan will deal with the consulting firm's possible claims against former owners in the Sackler family.
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June 12, 2025
Del. Firm Landis Rath Adds Pachulski Stang Bankruptcy Ace
Delaware boutique firm Landis Rath & Cobb LLP has brought on a former Pachulski Stang Ziehl & Jones LLP attorney to enhance its ability to advise clients on Chapter 11 and other bankruptcy proceedings and related litigation.
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June 11, 2025
Sunnova's $15M Asset Sale Approved To Ease Cash Crunch
Sunnova, a major residential solar panel designer, secured a Texas bankruptcy judge's permission Wednesday to sell some of its assets for $15 million to raise liquidity while it moves through Chapter 11.
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June 11, 2025
23andMe Shows Need For National DNA Data Law, Sens. Hear
Senators from both sides of the aisle expressed interest in passing national consumer data privacy legislation during a Wednesday committee hearing inspired by 23andMe Inc.'s Chapter 11 bankruptcy.
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June 11, 2025
Russia Must Face $5B Yukos Award Suit, DC Judge Rules
At D.C. federal judge on Wednesday denied Russia's bid to nix litigation filed by the financing arm of Yukos Oil Co. to enforce a nearly $5 billion arbitral award, saying the Kremlin's jurisdictional objections fell short.
Expert Analysis
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3 Factors Affecting Retail M&A Deals In 2025
Retailers considering mergers and acquisitions this year face an evolving antitrust environment, including a new administration under President-elect Donald Trump, revised merger guidelines and a precedent set last year by a canceled $8.5 billion handbag merger, say attorneys at DLA Piper.
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.
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Consultants Should Be Aware Of DOJ's Potential New Reach
The U.S. Department of Justice's recent first-of-its-kind settlement with McKinsey & Co. indicates not only the DOJ's more aggressive stance toward businesses' potential criminal wrongdoings, but also the benefits of self-disclosure and cooperation when wrongdoing becomes apparent, says Dom Caamano at Kibler Fowler.
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Playing Esports Makes Me A Better Lawyer
Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.
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An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Justices May Find Gov't Can Keep Fraudulent Transfer Benefit
Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.
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When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
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What 2024 Trends In Marketing, Comms Hiring Mean For 2025
The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.
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How The Onion Could Still Buy InfoWars
While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.
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Group Running Makes Me A Better Lawyer
The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.