Mid Cap

  • July 31, 2025

    Casino Developer Must Stay In Involuntary Ch. 7, Judge Finds

    A Delaware bankruptcy judge has refused to throw out or convert the involuntary Chapter 7 proceedings launched against the onetime hopeful developer of a casino in Mississippi, concluding the creditors that forced it into bankruptcy did not act in bad faith.

  • July 31, 2025

    Desktop Metal OK'd For $10M Sale To Fund Ch. 11

    A Texas bankruptcy judge Thursday allowed 3D printer designer Desktop Metal to sell its foreign subsidiaries for $10 million as it looks to find a buyer for the rest of its assets in Chapter 11.

  • July 31, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The U.S. Trustee's Office objected to the disclosure statement filed by Flagship Resort Development Corp., arguing it lacks details on third-party releases in its Chapter 11 liquidation plan. Guardian Elder Care's creditors committee opposed extending the company's exclusivity to file a Chapter 11 plan. Nikola Corp. asked to subordinate the SEC's $125 million penalty, calling it a lower-priority debt.

  • July 31, 2025

    Sand Miners Hit Ch. 11, Blaming Order Lull, Lender Issues

    Two companies that mine and process sand for fracking have filed for bankruptcy in Texas, one estimating it had at least $50 million in debt and the other estimating at least $100 million, and asked to undergo a joint Chapter 11 in response to a liquidity crunch and issues with their secured lender.

  • July 31, 2025

    Rising Star: Willkie's Stuart Lombardi

    Stuart Lombardi of Willkie Farr & Gallagher LLP has worked for bankruptcy clients including families seeking defamation payouts in Alex Jones' insolvency and the representative of as-yet-unknown asbestos claimants in a talc producer's Chapter 11, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • July 31, 2025

    Meet The Attys Steering Valves And Controls' Ch. 11

    Valves and Controls US, a valve manufacturer for the oil and gas industry, has tapped attorneys from Cole Schotz PC and Weil Gotshal & Manges LLP to see it through a Chapter 11 aimed at settling asbestos claims and winding down.

  • July 30, 2025

    2nd Circ. Backs Live Well Founder's Bond Fraud Convictions

    The Second Circuit affirmed convictions for Live Well's founder for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it, ruling Wednesday jurors had enough evidence to determine he misrepresented the value of collateral to secure loans and did so with fraudulent intent.

  • July 30, 2025

    Maverick Bet On Casino Turnarounds But Hit Ch. 11 Instead

    Maverick Gaming LLC, a company that aimed to turn around struggling casinos and gambling operations, itself fell on hard times due to COVID-19 and competitive pressures, court documents show.

  • July 30, 2025

    Rhodium Says Cooling System Infringement Claims Barred

    Bankrupt cryptocurrency miner Rhodium told a Texas federal bankruptcy judge that a company that creates large scale cooling systems cannot bring patent infringement claims, saying Wednesday the company's claims already failed in a federal district court.

  • July 30, 2025

    Bedmar Lessor Says 3rd Circ. Clear On Ch. 11 Distress Need

    Attorneys representing lessor Cobalt PropCo 2020 LLC told a Delaware bankruptcy judge Wednesday the Chapter 11 case of Bedmar LLC should be tossed because Third Circuit case law clearly requires a debtor to be in financial distress, and that condition does not exist here.

  • July 30, 2025

    Justices Urged To OK Bankruptcy Courts As Tax Debt Venues

    Bankruptcy courts are authorized to decide the amount and legality of nondischargeable tax claims, an Indiana couple told the U.S. Supreme Court in a bid to overturn a Seventh Circuit ruling to the contrary.

  • July 30, 2025

    Bankruptcy Judge Sends Post-Reorg Dispute To Calif. Court

    A Delaware bankruptcy judge has handed a breach of contract lawsuit back to a California state court, saying he lost jurisdiction over the claims against a specialty mushroom distributor after its Chapter 11 plan took effect last fall.

  • July 30, 2025

    Rising Star: Brown Rudnick's Tristan Axelrod

    Tristan Axelrod of Brown Rudnick LLP steered bankrupt cryptocurrency platform BlockFi through an $874 million settlement with FTX and a Chapter 11 reorganization that paid creditors in full, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • July 30, 2025

    Biotech Firm Omega Therapeutics Gets OK For Ch. 11 Plan

    A Delaware bankruptcy judge approved biotechnology developer Omega Therapeutics' Chapter 11 plan Wednesday, after no objections to the company's plan to distribute its remaining assets were raised at a brief hearing.

  • July 29, 2025

    Jackson Walker Gets Another Deal On Judge-Romance Claims

    Jackson Walker LLP has reached another settlement with former bankruptcy clients to resolve fee disputes related to the concealed romance of a former partner with the firm and former Texas bankruptcy Judge David R. Jones, according to a motion filed Tuesday in Texas federal court.

  • July 29, 2025

    8th Circ. Says Bankruptcy Sale Appeal Dead Without Stay

    The Eighth Circuit on Tuesday rejected a woman's bid to undo an order approving a sale in her Chapter 7 bankruptcy, saying she didn't get a stay of the sale and so her appeal had to be dismissed.

  • July 29, 2025

    Del. Judge Denies $89M Claim In Silvergate Ch. 11

    A Delaware bankruptcy judge ruled Tuesday the insolvent parent of Silvergate Bank did not agree in 2023 to sell a loan to a bitcoin-focused financial firm, denying that company's $89 million breach of contract claim in Silvergate's Chapter 11.

  • July 29, 2025

    Prime Core Ch. 11 Trust Seeks Return Of $2.1M In Transfers

    The litigation trust for Prime Core Technologies has sued to claw back $2.1 million in cash and cryptocurrency paid out to customers in the weeks before its bankruptcy filing, saying other creditors are facing a serious recovery shortfall worsened by the payments.

  • July 29, 2025

    Calif. Resort Developer Goes For Last-Ditch Ch. 11 Deal

    An insolvent company that developed a resort and other properties in California told a Delaware bankruptcy judge Tuesday it would participate in a one-day mediation session its investors proposed as a final effort to avoid the dismissal or conversion of the real estate firm's beleaguered Chapter 11 case.

  • July 29, 2025

    Bedmar Fights U.S. Trustee's Efforts To Nix 'Bad Faith' Ch. 11

    Bedmar LLC, the property-lease holding subsidiary of pharmaceutical company National Resilience HoldCo Inc. defended its Chapter 11 filing in Delaware bankruptcy court Tuesday against a push from the U.S. Trustee and landlords to dismiss the case on arguments it was filed in "bad faith" simply to discharge lease liabilities.

  • July 29, 2025

    Law Firm Beats NJ Atty's Fraud Suit Under Anti-SLAPP Law

    Maurice Wutscher LLP got an attorney's fraud suit against it thrown out under New Jersey's anti-SLAPP law on Tuesday, allowing the firm to escape complex litigation across multiple venues stemming from the breakdown of a former New Jersey firm.

  • July 29, 2025

    Meet The Retired Michigan Federal Judge Joining JAMS

    Sean F. Cox, the retired chief judge of the U.S. District Court for the Eastern District of Michigan who was part of the mediation team in Detroit's municipal bankruptcy, has joined alternative dispute resolution services provider JAMS.

  • July 29, 2025

    Mich. Judge Sanctions Attys For False Case Quotations

    A Michigan federal judge on Monday ordered plaintiffs' attorneys in two cases against a robotics company to pay for the time opposing counsel took in filing an additional briefing because of false case quotations.

  • July 29, 2025

    Rising Star: Weil's David Cohen

    David J. Cohen of Weil Gotshal & Manges LLP has represented Steward Health Care in its sprawling Chapter 11 bankruptcy involving 31 hospitals across eight states, and he was selected to lead the firm's growing Miami office, earning him a spot among bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • July 29, 2025

    Catching Up With New Bankruptcy Case Action

    A valve manufacturer hit bankruptcy in Delaware under pressure from mounting asbestos injury claims, a 3D printer designer entered Chapter 11 in Texas after it underwent an acquisition imposed by court order following a ruling that the purchaser had delayed the process, and a San Luis Obispo property developer filed for bankruptcy in California.

Expert Analysis

  • Justices May Find Gov't Can Keep Fraudulent Transfer Benefit

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    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.

  • When US Privilege Law Applies To Docs Made Outside The US

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    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.

  • What 2024 Trends In Marketing, Comms Hiring Mean For 2025

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    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.

  • How The Onion Could Still Buy InfoWars

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    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.

  • Group Running Makes Me A Better Lawyer

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    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.

  • 6 Changes I Would Make If I Ran A Law School

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    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.

  • Firms Still Have The Edge In Lateral Hiring, But Buyer Beware

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    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.

  • A Closer Look At SDNY Bankruptcy Rule Amendments

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    The U.S. Bankruptcy Court for the Southern District of New York’s recent amendments to its local rules aim to streamline key Chapter 11 processes, resolve misunderstandings about previous iterations of the rules and urge caution about the use of artificial intelligence, say attorneys at Skadden.

  • FTX Exec's Sentencing Shows Pros And Cons Of Cooperation

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    The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.

  • Gardening Makes Me A Better Lawyer

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    Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.

  • Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal

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    A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.

  • Litigation Inspiration: Reframing Document Review

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    For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.

  • The Challenges Of Abandoned Retirement Plans In Ch. 7

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    The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto.

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