Large Cap

  • April 10, 2026

    Purdue Pharma To Be Sentenced For 2020 Guilty Plea

    More than five years after pleading guilty to conspiring to defraud the U.S. government, Purdue Pharma will be sentenced this month, according to a notice filed in the bankruptcy case of the OxyContin maker.

  • April 10, 2026

    NJ Justices Won't Review Beasley Allen's DQ From Talc Cases

    The New Jersey Supreme Court has declined to review a lower court's order booting the Beasley Allen Law Firm from multicounty litigation in the Garden State over Johnson & Johnson's talcum powder, according to an order made public Friday.

  • April 10, 2026

    AmEx, Ex-Kabbage Directors Want Out Of Clawback Suit

    American Express and a group of former directors and shareholders of bankrupt financial services provider Kabbage are asking a Delaware bankruptcy judge to let them duck a lawsuit over a $730 million merger, saying they had no indications anything was wrong with the deal.

  • April 10, 2026

    First Brands Can Sell Windshield Wiper, Filter IP In Ch. 11

    A Texas bankruptcy judge Friday granted auto parts maker First Brands' request for permission to speedily sell several of its filter and windshield wiper brands for $25 million after an alternative bid failed to materialize.

  • April 09, 2026

    Irish Mallinckrodt Unit Stuck In Drug Price-Fixing Suit

    An Irish entity of drugmaker Mallinckrodt waited too long to seek dismissal of a price-fixing lawsuit brought by states based on a lack of personal jurisdiction or proper service, a Connecticut federal judge has ruled, finding that the company first raised that argument more than five years after the complaint was filed.

  • April 09, 2026

    SEC Says FTX Auditor Didn't Understand Crypto Markets

    A Prager Metis equity partner who led the firm's audits of defunct crypto asset trading platform FTX has been barred, for now, from appearing or practicing before the U.S. Securities and Exchange Commission in connection with the regulator's claims he mishandled the FTX financial reviews and improperly blessed its financial statements.

  • April 09, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    The trustee in Bernie Madoff's bankruptcy unveiled a deal to end longtime litigation with a United Arab Emirates sovereign wealth fund. A bitcoin owner alleged scammers used confidential creditor information stolen from a bankruptcy claims agent to target him. And creditors objected to a resort developer's proposal to split land sale proceeds.

  • April 09, 2026

    McKinsey Settles Liability For $125M In Purdue Ch. 11

    Consulting firm McKinsey & Co. has agreed to pay $125 million to former client Purdue Pharma LP to settle potential claims related to its work advising Purdue on the sale and marketing of opioids, tying up another loose end in the nearly seven-year-old Chapter 11 case.

  • April 09, 2026

    Multi-Color Creditors Seek To Delay Confirmation Hearing

    A creditor group in Multi-Color Corp.'s Chapter 11 case has urged a New Jersey bankruptcy judge to delay the label-maker's confirmation hearing by at least a month, saying the debtor has run a "sham" sale process designed to let Multi-Color's private equity sponsor retain ownership of the company.

  • April 09, 2026

    Judge Converts 4 First Brands Ch. 11 Cases To Ch. 7

    A Texas bankruptcy judge on Thursday gave the go-ahead for four of First Brands' co-debtors to shift from Chapter 11 cases to Chapter 7 cases and approved a related settlement between the auto parts maker and a creditor that had requested the change.

  • April 09, 2026

    Companies Linked To Scam Network Seek Ch. 15 Recognition

    Court-appointed liquidators of the companies in the Prince Group — linked by U.S. and U.K. authorities to a massive Cambodia-based "pig butchering" network that used human-trafficked captives to sell scam crypto investments — are seeking Chapter 15 recognition of their insolvency proceedings.

  • April 08, 2026

    Fed. Circ. Questions Specificity Needed In Oxy IP Invalidation

    A Federal Circuit panel expressed frustration with attorneys from both Purdue Pharma LP and generic-drug maker Accord Healthcare Inc. Wednesday as it tried to navigate whether the Delaware district court order invalidating Purdue's abuse-deterrence patent was explicit enough.

  • April 08, 2026

    Genesis Can't Pay $1.6M Fee To Would-Be DIP Lender

    A Texas bankruptcy judge Wednesday denied a request from Genesis Healthcare to pay $1.6 million to a company that had offered to provide postpetition financing, finding the debtor should have sought approval of the fee before it chose a different lender.

  • April 08, 2026

    Saks Looks To Complete Debt-Equity Swap By Summer

    Saks Global has filed a Chapter 11 plan and disclosure statement, which call for the company to hand over its equity to the bondholders who have provided its debtor-in-possession financing, as the retailer aims to exit bankruptcy by the summer.

  • April 08, 2026

    Fat Brands Bonuses OK'd To Keep Staff Through Ch. 11 Sale

    Restaurant group Fat Brands received approval Wednesday from a Texas bankruptcy judge to pay up to $1.9 million in bonuses to key corporate employees the debtor said were at risk of leaving while it pursues an expedited Chapter 11 sale process.

  • April 08, 2026

    Binance, Ex-CEO Seek End To $1.8B FTX Clawback Suit

    Binance and its founder told a Delaware bankruptcy judge Wednesday there are no grounds on which to claw back a $1.76 billion payment to the cryptocurrency platform from its defunct competitor FTX, saying it was a fair deal reached outside her jurisdiction.

  • April 08, 2026

    1st Circ. Mulls If Puerto Rico Restructuring Shields Officials

    The First Circuit wrestled Wednesday with whether to overturn a ruling that Puerto Rico's debt restructuring does not block civil rights lawsuits against the commonwealth's officials as individuals, giving no clear indication as to how the panel may rule.

  • April 08, 2026

    Debt Deals Drop Ch. 11 Recoveries To 10-Year Low, Fitch Says

    Creditors holding high-ranking debt issued by companies that emerged from bankruptcy in 2025 faced the worst average recoveries on their investment in the past 10 years, as liability management exercises that supply firms with new financing put increased pressure on lenders, Fitch Ratings has said in a new report.

  • April 08, 2026

    US Trustee Balks At Cumulus Media's Plan Releases

    The U.S. Trustee's Office blasted radio giant Cumulus' Chapter 11 plan, attacking what it characterized as nonconsensual releases as fatal to the debtor's confirmation hopes.

  • May 15, 2026

    More Cases, Fewer Staffers Pinch US Bankruptcy Watchdog

    The federal bankruptcy watchdog program is being squeezed by staffing and budget cuts at the same time as insolvency filings are on the upswing, raising questions about whether the already austere Office of the U.S. Trustee can continue executing its mission of ensuring the integrity of the country's bankruptcy system

  • April 07, 2026

    Catching Up With New Bankruptcy Case Action

    A Pittsburgh craft brewery tapped Chapter 11 protections, a German matchmaking website owner sought Chapter 15 recognition for the second time after previously restructuring in 2023 and a cancer treatment developer is planning to liquidate in Chapter 7.

  • April 07, 2026

    First Brands IP Sale Decision Paused For Possible New Bidder

    A Texas bankruptcy judge on Tuesday put off a final decision on auto parts maker First Brands' move to speedily sell several of its filter and windshield wiper brands for $25 million, saying he wanted to know whether the buyer is dead set on purchasing a bundle.

  • April 07, 2026

    Fat Brands Landlords Want More Info On Lease Sales

    Mall owner Simon Property Group has joined with other landlords of Fat Brands' eateries to tell a Texas bankruptcy court that the restaurant group's proposed Chapter 11 sale procedures don't give the property owners sufficient input into the sale of their leases.

  • April 07, 2026

    DC Circ. Skeptical Ex-Steward CEO Could Skip Senate Hearing

    A D.C. Circuit judge told the attorney for the embattled former CEO of Steward Health Care on Tuesday that she couldn't comprehend how his client could invoke his Fifth Amendment rights without showing up to his scheduled appearance before a Senate committee.

  • April 07, 2026

    Goodwin Grows Restructuring Team In New York And Boston

    Goodwin Procter LLP has grown its financial restructuring practice with the addition of attorneys in the New York and Boston offices with more than 40 years' combined experience at WilmerHale.

Expert Analysis

  • 7 Tips For Associates To Thrive In Hybrid Work Environments

    Excerpt from Practical Guidance
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    As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.

  • Playing Beach Volleyball Makes Me A Better Lawyer

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    My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.

  • Terraform Case May Be Bellwether For Crypto Enforcement

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    The prosecution of crypto company Terraform Labs and its CEO, Do Kwon, offers a unique test of the line between lawful and unlawful conduct in digital transactions, and the Trump administration’s posture toward the case will provide clues about its cryptocurrency enforcement agenda in the years to come, say attorneys at Brooks Pierce.

  • How Law Firms Can Counteract The Loneliness Epidemic

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    The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.

  • 5 Keys To Building Stronger Attorney-Client Relationships

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    Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.

  • How Courts Can Filter Nonmeritorious Claims In Mass Torts

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    Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University.

  • Racing Corvettes Makes Me A Better Lawyer

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    The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.

  • Attorneys Must Act Now To Protect Judicial Independence

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    Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • How Design Thinking Can Help Lawyers Find Purpose In Work

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    Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.

  • Competitive Weightlifting Makes Me A Better Lawyer

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    The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.

  • Serta Ruling Further Narrows Equitable Mootness In 5th Circ.

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    The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.

  • Inconsistent Injury-In-Fact Rules Hinder Federal Practice

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    A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.

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