Large Cap

  • December 04, 2025

    Cayman Parent Of Canterbury Securities Files Ch. 15 Case

    The Cayman Islands parent company of Chapter 15 debtor Canterbury Securities filed for its own insolvency case late Wednesday in New York, with the same joint liquidators seeking recognition of a foreign proceeding in the new case.

  • December 04, 2025

    Blank Rome's 2026 Partnership Class Is Biggest In 7 Years

    Blank Rome LLP will elevate 14 attorneys to partner in the new year, its highest partnership class in seven years.

  • December 03, 2025

    Country Garden Gets Ch. 15 Nod On Hong Kong Restructuring

    Country Garden Holdings Co., a major Chinese property developer, received U.S. recognition of its Hong Kong restructuring plan designed to trim more than $11 billion in debt, with a New York bankruptcy judge entering an order granting the debtor Chapter 15 relief.

  • December 03, 2025

    Party City Franchisees Want To Revamp Monopolization Case

    Party City franchisees want to file an amended complaint in their case accusing the corporate retail chain of monopolizing the market before the court rules on a dismissal bid, the franchisees told a New Jersey federal court. 

  • December 03, 2025

    Catholic Dioceses Facing Rockier Road To Resolve Ch. 11s

    A trio of recent Chapter 11 cases are illustrating the new reality for Roman Catholic dioceses trying to address their child sexual abuse liabilities in bankruptcy court, with the cases taking longer to resolve and only moving forward after threats of dismissal.

  • December 03, 2025

    Judge Eases $4.1B Liability For Insurer In Conn. Rehab Plan

    A Connecticut judge has approved a modified moratorium that protects PHL Variable Insurance Co. and two subsidiaries during a state rehabilitation, agreeing to a plan that could reduce universal life death benefits by $4.1 billion while allowing policyholders the option to avoid paying $175 million in estimated total premiums.

  • December 03, 2025

    Omnicare Gets March Date For Ch. 11 Asset Auction

    A Texas bankruptcy judge Wednesday gave pharmacy services provider Omnicare the go-ahead to put itself on the auction block in March, saying it is a reasonable timeframe for the debtor to market its assets.

  • December 02, 2025

    Wind Co. Has Tentative Deal Tied To Pre-Ch. 11 Uptier Suit

    TPI Composites Inc. said it reached a tentative deal with its senior lender and creditors committee after a Texas bankruptcy judge on Tuesday voiced uncertainty over how the committee's lawsuit challenging an uptier transaction and TPI's opposition to the litigation could affect its Chapter 11 proceedings.

  • December 02, 2025

    King & Spalding Atty Dies In Mountain Climbing Accident

    People at King & Spalding LLP are mourning after an appellate attorney from the firm and a mountain guide fell to their deaths climbing New Zealand's tallest mountain.

  • December 02, 2025

    FDIC Secures Dismissal Of SVB Cayman Deposit Suit

    A California federal judge has permanently tossed a suit against the Federal Deposit Insurance Corp. brought by liquidators of the Cayman Islands branch of collapsed Silicon Valley Bank, finding they lack standing to sue the agency and are barred from relitigating issues already decided in bankruptcy court.

  • December 02, 2025

    Gol Linhas Ch. 11 Plan Releases Overturned On Appeal

    A New York federal judge has reversed the confirmation of Brazilian airline Gol Linhas Aereas Inteligentes' Chapter 11 plan, ruling that the bankruptcy court improperly found creditor silence on the proposal's third-party claims releases could be assumed as consent.

  • December 02, 2025

    CCA Gets OK For Deal With Bahamas Developer Owed $1.6B

    At a hearing held Tuesday, a New Jersey bankruptcy judge enthusiastically approved a settlement between Chinese state-owned firm CCA Inc. and a Bahamian resort developer, whose $1.6 billion court win sent CCA into Chapter 11.

  • December 02, 2025

    Fox News, FedEx Ink Clawback Settlements With Guo Trustee

    The trustee handling Chinese exile Miles Guo's $374 million Chapter 11 estate has asked a Connecticut bankruptcy judge to approve sealed settlements in clawback claims once totaling nearly $4 million against Fox News, FedEx, Marcum LLP and seven other entities after a mediator agreed the terms were reasonable.

  • December 02, 2025

    First Brands Floats Process For Sorting $3B Factoring Snafu

    Bankrupt auto parts maker First Brands Group proposed a process to reconcile its third-party factoring agreements with pending invoices to help resolve a $3 billion question arising from the debtor's prepetition operations.

  • December 02, 2025

    Catching Up With New Bankruptcy Case Action

    A solar energy business sought bankruptcy protection in Texas. The foreign representative of a consultancy founder's bankruptcy estate sought recognition of his Canadian insolvency proceedings. And a landlord in the Bronx entered Chapter 11.

  • December 02, 2025

    Three Arrows Boosts $1.5B FTX Claim Tied To Crypto Winter

    The liquidators of defunct crypto hedge fund Three Arrows Capital defended their $1.53 billion claim against FTX months after the failed exchange called it "baseless," telling a Delaware bankruptcy judge that its assets at FTX were sold just weeks before its collapse in what amounts to "classic preference."

  • December 02, 2025

    Genesis To Pursue $40M Sale To DIP Lender

    The stalking horse bidder and DIP co-lender for bankrupt nursing home company Genesis Care emerged as the winning bidder in the auction for Genesis' assets with a $40 million cash bid, the debtor has announced.

  • December 02, 2025

    Willkie Adds DC Atty To Co-Chair Bankruptcy Litigation Team

    A longtime Jones Day attorney who helped represent the firm in a suit lodged by two former associates over its parental leave policy has joined Willkie Farr & Gallagher LLP, where he'll co-chair the bankruptcy litigation practice, Willkie announced Tuesday.

  • December 02, 2025

    Miss America Sanctions Bid Must Be Axed, Fla. Court Told

    The plaintiffs in a Florida federal court battle over the ownership of the Miss America pageant have pushed back against a sanctions bid against their attorneys, saying the court should reject it because it's "wholly meritless."

  • December 02, 2025

    Nicklaus Cos.' Fights With Namesake Sent It Into Ch. 11

    The bankruptcy of sporting gear and golf course design company Nicklaus Cos. is rooted in a tangle of litigation with its namesake, and it doesn't appear the Chapter 11 filing has put a stop to the disputes.

  • December 01, 2025

    Chancery OKs $9.4M Deal To End Sears Take-Private Suit

    Terming it a settlement that is "easy to approve," a Delaware vice chancellor on Monday OK'd a $9.37 million deal to end a suit contesting investor payouts after a take-private deal for Sears Hometown and Outlet stores in 2019.

  • December 01, 2025

    Pine Gate Floats Ch. 11 Carlyle Deal To Guard Recoveries

    Solar development company Pine Gate Renewables LLC proposed a settlement in Texas bankruptcy court that would allow the company to sell assets serving as collateral for secured lender Carlyle while preventing tax liabilities from cutting into unsecured creditor recoveries.

  • December 01, 2025

    Chancery Sets Standard In Scottish Re Case

    The Delaware Chancery Court has signed off on the framework that will govern how scores of insurers press claims in the liquidation of Scottish Re (U.S.) Inc., issuing an opinion to spell out when courts must defer to the state insurance commissioner and when they must step in.

  • December 01, 2025

    Yellow Settles $7.4B In Pension Fund Claims In Ch. 11

    Insolvent trucking company Yellow Corp. has reached agreements with 14 multi-employer pension funds to resolve $7.4 billion worth of withdrawal liability claims, putting to rest a conflict that was sparked two years ago by Yellow's exit from its pension plans after it shut down.

  • December 01, 2025

    Venezuela Will Challenge $5.9B Sale Of Citgo Parent

    Venezuela, the country's state-owned oil company and others have appealed a Delaware federal judge's order approving the $5.89 billion sale of Citgo Petroleum's parent company to an affiliate of hedge fund Elliott Investment Management LP, potentially delaying the long-awaited sale of Venezuela's most significant seizable asset.

Expert Analysis

  • Judge Should Not Have Been Reprimanded For Alito Essay

    Author Photo

    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.

  • Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

    Author Photo

    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.

  • AI Will Soon Transform The E-Discovery Industrial Complex

    Author Photo

    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.

  • When Innovation Overwhelms The Rule Of Law

    Author Photo

    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.

  • Adventure Photography Makes Me A Better Lawyer

    Author Photo

    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.

  • How Ch. 11 Can Alleviate Merchant Cash Advance Concerns

    Author Photo

    Merchant cash advance funding is one of the biggest challenges for small businesses today because funders are so prevalent, aggressive and expensive, but bankruptcy can provide several tools for dealing with MCA agreements that may allow the debtor business to restructure and survive, says Patricia Fugée at FisherBroyles.

  • 5 Ways To Create Effective Mock Assignments For Associates

    Author Photo

    In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.

  • 8 Lessons Yellow Corp. Layoffs Can Teach Distressed Cos.

    Author Photo

    A Delaware bankruptcy court’s recent decision, examining trucking company Yellow Corp.’s abrupt termination of roughly 25,500 employees, offers financially distressed businesses a road map for navigating layoffs under the Worker Adjustment and Retraining Notification Act, say attorneys at King & Spalding.

  • Mentorship Resolutions For The New Year

    Author Photo

    Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.

  • Coaching Little League Makes Me A Better Lawyer

    Author Photo

    While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.

  • 5 Litigation Funding Trends To Note In 2025

    Author Photo

    Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.

  • Rethinking Litigation Risk And What It Really Means To Win

    Author Photo

    Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.

  • Lessons From Two New Year's Eve Uptier Exchange Decisions

    Author Photo

    On the last day of 2024, two different courts issued important decisions relating to non-pro rata uptier exchanges — and while they differ, both rulings highlight that transactions effected in reliance on undefined terms in debt agreements come with increased risk, say attorneys at Simpson Thacher.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Large Cap archive.