Large Cap

  • August 08, 2025

    1st Circ. Backs Creditors Cut Offs In Involuntary Bankruptcies

    The First Circuit recently upheld the dismissal of an involuntary bankruptcy, backing a Boston judge who set a deadline for creditors to join the petition, in a ruling that speaks to the pitfalls that can come with the powerful but seldom used creditor tool, experts told Law360.

  • August 08, 2025

    At Home Creditors Attack Ch. 11 Plan Disclosures

    The official committee of unsecured creditors in the Chapter 11 case of household furnishings retailer At Home Group objected to the company's proposed plan disclosure statement, saying it describes an unconfirmable plan that ignores the Bankruptcy Code.

  • August 08, 2025

    Rite Aid Picks Azend As Buyer Of Pharmacy Assets

    Pharmacy chain Rite Aid has told a New Jersey bankruptcy judge it's selected Med One Pharmacy Inc. as the buyer of drugs in its inventory, customer information, leases and other assets, months after the company transferred millions of prescriptions and dozens of stores to CVS and other businesses in Chapter 11.

  • August 08, 2025

    New Orleans Archdiocese Plan Will Get One Shot In November

    A Louisiana bankruptcy judge on Friday gave the Roman Catholic Archdiocese of New Orleans permission to send its Chapter 11 plan out for a creditor vote and to hold a November confirmation hearing, but warned the parties this was their only chance to put the proposal into effect.

  • August 07, 2025

    CFPB Mulls Cuts To Oversight Reach In 4 Nonbank Markets

    The Consumer Financial Protection Bureau is considering formally scaling back the reach of its nonbank oversight, floating a series of early stage proposals that contemplate sharply reducing the number of firms it would supervise in four key financial services markets.

  • August 07, 2025

    Lyten To Buy Bankrupt Northvolt's Swedish, German Factories

    Lithium-sulfur battery maker Lyten announced Thursday that it will buy bankrupt Swedish battery manufacturer Northvolt AB's factories in two countries and all its remaining intellectual property in a move that Northvolt said averted a "complete shutdown" of the business.

  • August 07, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    A bitcoin miner said its early investors cannot file claims in its Chapter 11 that allege the company was mismanaged, arguing those claims belong to the debtor's estate. A Brazilian fiber network company objected to the novel plans of telecommunications group Oi to end its Chapter 15 recognition of ongoing overseas restructuring to file for Chapter 11 instead. And a group of tort claimants said Genesis Healthcare's debtor-in-possession loan and auction plans would hamper their ability to pursue wrongful death and personal injury litigation.

  • August 07, 2025

    Ex-Kasowitz Trial Attorney Joins Perry Law

    Two-year-old boutique Perry Law is continuing its hiring spree with the addition of a commercial litigation partner from Kasowitz LLP, the firm told Law360 Pulse on Thursday.

  • August 07, 2025

    Claire's Gets OK To Start Closing Stores As It Hunts For Buyer

    A Delaware bankruptcy judge on Thursday approved jewelry chain Claire's bid to begin closing some of its 1,500 North American stores and selling off merchandise as the company races to find a buyer for the business in Chapter 11.

  • August 06, 2025

    Ch. 15 Decision Shows Low Bar For US Recognition

    A recent decision by a New York bankruptcy judge that an overseas debtor needs, at best, minimal assets in the United States to gain Chapter 15 recognition illustrates how easy it is to win such relief and why that benefits the bankruptcy system more broadly, experts told Law360.

  • August 06, 2025

    Prospect Medical Names Stalking Horse For California Assets

    Bankrupt healthcare company Prospect Medical Holdings Inc. told a Texas bankruptcy judge it had selected a subsidiary of Healthcare Systems of America to provide a bidding floor for debtor assets in California.

  • August 06, 2025

    Judge OKs Addition Of Kenvue, Janssen To J&J Talc MDL

    A New Jersey federal judge has rejected Johnson & Johnson's challenge to cancer patients' bid to add additional corporate defendants to multidistrict federal litigation over its talcum powder products, finding the additions would not be futile.

  • August 06, 2025

    Moritt Hock Grows Long Island Presence With 2 New Counsel

    Moritt Hock & Hamroff LLP, a midsize firm with offices in New York and Florida, announced Tuesday that it has added two counsel to its Long Island office in Garden City — the former town attorney for the seaside community of Huntington and a former Cullen and Dykman LLP lawyer.

  • August 06, 2025

    Big Lots, Gordon Bros. Strike Deal Over HQ Sale Funds

    Liquidating retailer Big Lots told a Delaware bankruptcy judge that it has reached a deal with Gordon Brothers Retail Partners after the consulting firm said it was owed the first $10 million from the $36 million sale of Big Lots' corporate headquarters in Ohio.

  • August 06, 2025

    Jewelry Chain Claire's Hits Ch. 11 Again, Will Close 700 Stores

    The parent company of jewelry chain Claire's filed for Chapter 11 protection Wednesday for the second time in seven years with $690 million in funded debt and plans to close 700 stores.

  • August 05, 2025

    Texas Bankruptcy Judge Won't Move Linqto Ch. 11 To Del.

    A Texas bankruptcy judge Tuesday kept the Chapter 11 bankruptcy of investment platform Linqto in the Lone Star State, finding shareholders who alleged forum shopping had not made the case to move the bankruptcy to Delaware.

  • August 05, 2025

    Voyager Digital's Former Bank Escapes Fraud Suit, For Now 

    Voyager Digital's former bank, Metropolitan Commercial Bank, has won dismissal of a 53-count suit alleging it was complicit in bad behavior by the now-defunct crypto lender and should be on the hook for repaying platform users, with the court ruling that the complaint as-is does not plausibly plead fraud or unjust enrichment.

  • August 05, 2025

    Trump Fires Most Of Puerto Rico Fiscal Oversight Board

    The Financial Oversight and Management Board for Puerto Rico, a body managing the island's debt restructuring, announced Tuesday that President Donald Trump has terminated five of its seven members.

  • August 05, 2025

    SVB Directed To Object To Ch. 11 Claims In Standing Fight

    The former parent company of Silicon Valley Bank and liquidators tasked with winding up its Cayman Islands branch locked horns on Tuesday over standing in a $294 million lawsuit, prompting a New York bankruptcy judge to request that SVB Financial object to claims as having been filed too late.

  • August 05, 2025

    2nd Circ. Nixes Madoff Feeder Fund Clawback Suits

    About 300 clawback lawsuits filed by the liquidators of British Virgin Islands-based funds that invested in Bernard L. Madoff Investment Securities should be dismissed, a Second Circuit panel said on Tuesday, finding the deals were protected by the U.S. Bankruptcy Code's safe harbor for securities transactions.

  • August 05, 2025

    Catching Up With New Bankruptcy Case Action

    Twin sand mining companies entered Chapter 11 after facing tensions with a lender and seeing drops in production and orders. A New York City music venue owner filed for bankruptcy, saying renovation and permitting troubles at its largest venue scuttled its 2025 season. And an Arkansas rice mill filed for Chapter 11 with up to $10 million in liabilities. Here are some of the past week's new bankruptcies.

  • August 05, 2025

    Binance Founder Seeks Exit From FTX $1.76B Clawback Suit

    Former Binance CEO Changpeng Zhao asked a Delaware bankruptcy judge to dismiss him from a clawback suit filed by the estate of bankrupt crypto exchange FTX seeking to recover $1.76 billion it says FTX illegally transferred before its collapse two years ago, saying the transaction was outside the court's jurisdiction.

  • August 05, 2025

    Insurers Object To Litigation 'Test Cases' In Diocese's Ch. 11

    Several insurance carriers have asked a California bankruptcy judge to deny a request by the Santa Rosa Catholic Diocese and its unsecured creditors' committee to lift a Chapter 11 stay on litigation so that sexual abuse "test cases" can proceed, arguing this would wreak havoc on and undermine the bankruptcy case. 

  • August 05, 2025

    Munsch Hardt Starts Mediation Practice With Ex-CEO At Helm

    Texas law firm Munsch Hardt Kopf & Harr PC has launched a mediation practice with a former firm CEO and litigation practice group leader at the helm.

  • August 05, 2025

    Berger Singerman Adds Stichter Riedel Bankruptcy Ace In Fla.

    A longtime bankruptcy attorney at Stichter Riedel Blain & Postler PA has brought her practice to Berger Singerman LLP in Tampa.

Expert Analysis

  • Asbestos Trusts And Tort Litigation Are Still Not Aligned

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    A recent ruling by a New York state court in James Petro v. Aerco International highlights the inefficiencies that still exist in asbestos litigation — especially regarding the continued lack of coordination between the asbestos tort system and the well-funded asbestos trust compensation system, says Peter Kelso at Roux.

  • The Legal Education Status Quo Is No Longer Tenable

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    As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.

  • E-Discovery Quarterly: Rulings On Relevance Redactions

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    In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.

  • Section 1983 Has Promise After End Of Nationwide Injunctions

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    After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.

  • Law School's Missed Lessons: Learning From Failure

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    While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.

  • Law School's Missed Lessons: Skillful Persuasion

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    In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.

  • Special Committees Gain Traction In Chapter 11 Investigations

    Excerpt from Practical Guidance
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    Tara Pakrouh at Morris James discusses why special committees are becoming more common in Chapter 11 bankruptcies, how they've been used in real cases and what makes them effective.

  • Law School's Missed Lessons: Navigating Client Trauma

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    Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.

  • 4 Former Justices Would Likely Frown On Litigation Funding

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    As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • Playing The Violin Makes Me A Better Lawyer

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    Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.

  • Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

  • My Opera And Baseball Careers Make Me A Better Lawyer

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    Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.