Mid Cap
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August 13, 2025
Feds Skirting Risky Debt As 1 Bank Stays Highly Leveraged
Federal regulators aren't scrutinizing risky real estate loans even though some banks have a substantial volume of high-risk debt on their books, a banking source told Law360 Real Estate Authority.
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August 13, 2025
Judge OKs Accelerate Diagnostics Ch. 11 Liquidation
A Delaware bankruptcy judge Wednesday approved medical technology company Accelerate Diagnostics Inc.'s Chapter 11 plan to liquidate as quickly as possible after it completed a $42 million sale to its stalking horse bidder Friday.
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August 13, 2025
SPAC Behind EV Maker Nikola, Shareholders Strike Settlement
Stockholders and board members for the blank-check company that took electric-vehicle maker Nikola public said they reached a $6.3 million deal to end a Delaware Chancery Court lawsuit that accused the SPAC of misleading investors about Nikola's prospects.
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August 13, 2025
Scarinci Hollenbeck Adds 4 Litigators In NYC
Scarinci Hollenbeck LLC has added four litigators previously with Kishner Legal PC who have expertise in areas such as commercial litigation and real estate as attorneys in its New York City office, the firm announced Wednesday.
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August 13, 2025
No So-Called Summer Slowdown As Bankruptcies Spike
Summer is often a time for lawyers to worry more about their family vacations than their next bankruptcy filing. But this year is an exception, with a July surge in filings driven by the new administration's tariff and immigration policies and a normalization back to pre-pandemic levels overall, experts said.
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August 13, 2025
BakerHostetler Hires Cooley Securities Litigation Atty
BakerHostetler has added an experienced litigator to its white collar, investigations and securities enforcement litigation and securities and governance litigation teams in New York, bringing with him more than 25 years of BigLaw experience, including most recently with Cooley LLP.
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August 12, 2025
8th Circ. Affirms Discharge Of Student Debt Owed To Bank
The Eighth Circuit on Tuesday sided with a bankruptcy judge in discharging a woman's student loan debt owed to a North Dakota bank, saying the lower court had not made a clear error in concluding that paying off the remaining balance would pose an undue hardship.
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August 12, 2025
IMG Fragrance Company Hits Ch. 11 With $64M In Debt
Fragrance portfolio company IMG Holdings Inc. and its affiliates sought Chapter 11 bankruptcy protection on Monday in Delaware, reporting $63.6 million in senior secured debt and less than $10 million in assets, and aiming for a $3 million asset and trademark sale to creditor Fragrance Xtreme Inc.
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August 12, 2025
NJ Bankruptcy Judge Nixes BowFlex Dumbbells Class Claims
Proposed class actions filed over recalled dumbbells violated BowFlex's Chapter 11 plan and sale, a New Jersey bankruptcy judge ruled, rejecting arguments that customers didn't receive adequate notice of the "free and clear" sale.
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August 12, 2025
Catching Up With New Bankruptcy Case Action
Jewelry chain Claire's filed for its second bankruptcy with $690 million in debt and plans to close 700 U.S. stores, Delaware's 4 Points Towing & Roadside Service sought Chapter 11 under Subchapter V after pandemic-driven losses, and a parking garage in New York City filed for Chapter 11 citing difficulty in keeping up with mortgage payments amid rising interest rates.
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August 12, 2025
Meet The Attys Helping Powin Power Through Ch. 11
Powin LLC, a company that manufactures batteries for green energy projects, has tapped attorneys from Dentons and Togut Segal & Segal LLP to help steer the bankruptcy it started in June to address an "untenable" liquidity position.
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August 12, 2025
AI Staffing Co. Joonko Gets OK To Wind Down In Ch. 11
A Delaware bankruptcy judge on Tuesday approved Joonko Diversity Inc.'s Chapter 11 liquidation plan after the debtor resolved objections from shareholders and others, letting the artificial intelligence-powered recruitment firm wind down its business and repay creditors.
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August 11, 2025
Meet The Attys Steering Nightclub Co. Avant Gardner's Ch. 11
A team of attorneys from Young Conaway Stargatt & Taylor LLP is representing the owner of New York City nightclub Brooklyn Mirage in its Chapter 11 case.
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August 11, 2025
Claire's Starts Store Sales, Linqto Defeats Venue Transfer Bid
Jewelry company Claire's announced it would launch store closing sales after seeking bankruptcy protection for the second time in less than a decade. Meanwhile, a judge gave the Archdiocese of New Orleans one last chance to secure confirmation of a Chapter 11 plan, and Linqto managed to keep its bankruptcy case in Texas.
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August 11, 2025
Judge To Order Bond, Sanctions In Crypto Miner's Ch. 11
A Delaware bankruptcy judge said Monday she would require the creditors that petitioned to force a cryptocurrency mining operation into Chapter 11 to post a multimillion-dollar bond in case their petition is dismissed.
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August 11, 2025
Stoli Banker Says It Can't Accept Bourbon As Ch. 11 Recovery
The secured lender to Stoli Group USA Monday asked a Texas bankruptcy judge to reject the vodka maker's proposed Chapter 11 plan, saying the company is trying to shortchange it by paying its debt in bourbon.
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August 11, 2025
Catching Up With Delaware's Chancery Court
Nielsen Holdings Ltd. and consumer intelligence spinoff Nielsen Consumer IQ agreed to end their dispute, a sole investor asked the court to name him lead plaintiff in a suit challenging Endeavor's $13 billion take-private deal, and the Chancery Court announced a new, automated case assignment regime. Here's the latest from the Delaware Chancery Court.
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August 11, 2025
Truck Rental Co. Fluid Market Asks For Ch. 7 After Ch. 11 Sale
Truck rental business Fluid Market Inc. asked a Delaware bankruptcy judge to let it convert its case to a Chapter 7 liquidation after completing a sale in December and reaching a settlement with its creditors, its buyer and its postpetition lenders.
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August 11, 2025
Fla. Drinks Co. Founder Faces Filings Ban Over Fake AI Cases
A Florida federal judge is considering a request to ban the founder of Bang Energy from submitting any more paperwork without court permission after Monster Energy argued Monday that fake legal citations generated from artificial intelligence appeared in a pro se motion to dismiss its judgment collection lawsuit.
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August 11, 2025
2nd Circ. Affirms Denial Of Partnership's $22.7M Tax Loss
The U.S. Tax Court correctly found the IRS properly denied a Connecticut partnership's $22.7 million loss deduction because the underlying transactions, which involved a Brazilian company, were tantamount to a disguised property sale, the Second Circuit ruled Monday.
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August 08, 2025
CFPB Preps Complaint Against Failed Fintech Firm Synapse
The Consumer Financial Protection Bureau is getting ready to file a complaint against bankrupt Synapse Financial Technologies on allegations it failed to properly keep track of consumer funds and left as much as $90 million in consumer funds unrecovered, the fintech firm's trustee has told a bankruptcy judge in California.
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August 08, 2025
Ch. 7 Claim Can't Nab Early Win For Litigation, 2nd Circ. Says
A medical device distributor can't use an allowed claim from a former employee's Chapter 7 bankruptcy to win summary judgment in a long-running lawsuit, the Second Circuit ruled Friday.
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August 08, 2025
George Clinton Fights Sanctions In Decades-Long IP Battle
Funk legend George Clinton has asked a Florida federal court to reject sanctions and lawsuit dismissal bids from music executive Armen Boladian, arguing that his copyright ownership complaint is not frivolous.
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August 08, 2025
Titanic Artifact Ch. 11 Sale Suit Settled For $12M
A Florida bankruptcy judge Friday approved an $11.75 million settlement of a long-standing adversary lawsuit over the sale of artifacts from the Titanic during the bankruptcy of a company that ran popular traveling exhibits about the ship.
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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.
Expert Analysis
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Playing Beach Volleyball Makes Me A Better Lawyer
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.
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Terraform Case May Be Bellwether For Crypto Enforcement
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.
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How Law Firms Can Counteract The Loneliness Epidemic
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.
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5 Keys To Building Stronger Attorney-Client Relationships
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.
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How Courts Can Filter Nonmeritorious Claims In Mass Torts
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.
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Racing Corvettes Makes Me A Better Lawyer
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.
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Attorneys Must Act Now To Protect Judicial Independence
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.
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Rethinking 'No Comment' For Clients Facing Public Crises
“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.
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How Design Thinking Can Help Lawyers Find Purpose In Work
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.
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Competitive Weightlifting Makes Me A Better Lawyer
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.
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Serta Ruling Further Narrows Equitable Mootness In 5th Circ.
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.
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Inconsistent Injury-In-Fact Rules Hinder Federal Practice
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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In-House Counsel Pointers For Preserving Atty-Client Privilege
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.