Mid Cap

  • March 04, 2026

    PE Firm Norada Faces Investor Suits Over $92M Ponzi Scheme

    Groups of investors from multiple states have filed a series of lawsuits against Norada Capital Management LLC in Wyoming federal court, alleging the private equity fund defrauded them out of millions of dollars as part of a Ponzi scheme that the firm's managing member pled guilty to.

  • March 04, 2026

    Fashion Tech Biz CEO Pleads Guilty To $300M Investor Fraud

    The founder of bankrupt apparel technology company CaaStle Inc. pled guilty Wednesday to one count of securities fraud in connection with a scheme to defraud hundreds of investors out of $300 million by using sham documents to falsely promote a "rapidly growing business" supposedly worth $1.4 billion.

  • March 04, 2026

    Data No Longer An Afterthought In Real Estate

    Data is an increasingly important component of the real estate business, informing operations and helping to shape expansion strategy and acquisitions. Its custodianship, legal structure, licensing agreements and the contracts governing data performance and use are all important points that attorneys who specialize in technology transactions negotiate.

  • March 04, 2026

    NC Jewelry Maker Hits Ch. 11 With $10.5M Debt

    Lab-grown gemstone jewelry maker Charles & Colvard Ltd. has filed for Chapter 11 bankruptcy protection in North Carolina, declaring $19.2M in assets and $10.5M in liabilities.

  • March 04, 2026

    Judge Pushes Back Mining Co.'s Ch. 11 Sale By A Month

    A New York bankruptcy judge Wednesday told mining company Vanderbilt Minerals it will have to delay its Chapter 11 sale timeline by a month to give creditors a chance to look at a proposed deal with corporate insiders linked to the transaction.

  • March 04, 2026

    Hawthorne Inks Emergency Deal Amid Ch. 11 Funding Dispute

    A Chicago-area horse track on Wednesday reached an agreement with its lenders on emergency Chapter 11 financing until the parties return to court next week to consider interim approval of Hawthorne Race Course Inc.'s bankruptcy financing.

  • March 04, 2026

    Nine Energy Gets OK On Ch. 11 Plan To Cut $320M Debt

    A Texas bankruptcy judge on Wednesday signed off on oil services company Nine Energy's Chapter 11 plan, allowing the debtor to trim $320 million in debt and emerge from bankruptcy just over a month after launching its case.

  • March 04, 2026

    Meet The Team Taking The Reins Of Hawthorne's Ch. 11

    A team of Saul Ewing LLP attorneys is guiding Hawthorne Race Course Inc. through Chapter 11 in Illinois as it seeks a buyer for the Chicago-area track.

  • March 04, 2026

    NY Nursing Home Ch. 11 Atty Pick Draws Creditor Objection

    The official committee of unsecured creditors in the Chapter 11 case of Long Island, New York, nursing home operator Cold Spring Acquisition objected late Tuesday to the debtor's motion to retain special litigation counsel, saying a case resolution is in the works and the law firm choice would bind creditors.

  • March 03, 2026

    Hawthorne's Ch. 11 Financing Hits Snag Over Lender Dispute

    A Chicago-area racecourse will return Wednesday to Illinois bankruptcy court as it continues to wrangle with its senior lender over the terms of its Chapter 11 financing.

  • March 03, 2026

    9th Circ. Says Ch. 11 Authority Doesn't Impact Jurisdiction

    A panel of the Ninth Circuit Court of Appeals ruled Tuesday that disputed corporate authority to file a Chapter 11 petition doesn't affect a bankruptcy court's subject matter jurisdiction over the case, resolving part of a yearslong dispute over the bankruptcy of a family-owned real estate holding company.

  • March 03, 2026

    Crystallex $15M Fee Request Justified, Special Master Says

    A lawyer for the special master overseeing the auction of Citgo to satisfy billions of dollars' worth of Venezuelan debt has defended his request for more than $15.3 million in fees on top of nearly $63 million already paid, saying the request follows an "extraordinarily complex" sale process.

  • March 03, 2026

    Former Iowa Biz President Convicted Of Bankruptcy Crimes

    The former president of a defunct Iowa telecommunications and infrastructure business has been convicted by a jury of concealing assets and making false statements in his personal bankruptcy proceeding, federal prosecutors announced Tuesday.

  • March 03, 2026

    Oil Field Co. Nine Energy Gets OK On $125M In Financing

    Oil field service provider Nine Energy has gotten a Texas bankruptcy judge's final approval to borrow $125 million in Chapter 11 financing, just days before the debtor is set to ask for confirmation of a bankruptcy plan that would swap debt for equity.

  • March 03, 2026

    Opt-Out Releases Nixed For Buffalo Diocese's Ch. 11 Ballots

    The Roman Catholic Diocese of Buffalo must redesign ballots for its Chapter 11 plan after a New York bankruptcy judge held opt-out boxes could not be used to tally creditor consent to third party releases.

  • March 03, 2026

    Prime Core Trust Sues For Over $13M In Pre-Ch. 11 Transfers

    The litigation trust for cryptocurrency custodian Prime Core Technologies Inc. leveled a lawsuit against the operator of a crypto transaction platform the trust says extracted nearly $13 million in fiat currency as well as crypto transfers the estate should now reclaim.

  • March 03, 2026

    Catching Up With New Bankruptcy Case Action

    The iPic movie theater chain hit Chapter 11 in Florida, a Chicago racetrack entered bankruptcy protection in the Prairie State and a real estate investment trust accused of being a Ponzi scheme began its own insolvency.

  • March 03, 2026

    Bankruptcy Expert Details Human Costs Of A Hospital Ch. 11

    Melanie Cyganowski of Otterbourg PC, a former federal bankruptcy judge in New York, talks to Law360 Healthcare Authority about successor liability, regulatory hurdles and some of the hidden costs of hospital bankruptcies.

  • March 03, 2026

    Solar Plant Tonopah Names Stalking Horse As Ch. 11 Buyer

    A bankrupt Nevada solar project named its $7 million stalking horse bidder as the successful bidder chosen in its Chapter 11 asset sale, canceling the auction.

  • March 02, 2026

    Ex-Atty Kossoff Axed From Bankruptcy Case Amid Appeal

    A New York bankruptcy judge determined he has jurisdiction over litigation stemming from the collapse of real estate law firm Kossoff PLLC after its principal stole $14 million from its clients, finding the firm's founder may be dismissed as a defendant because the now imprisoned, disbarred lawyer "appears to be judgment-proof."

  • March 02, 2026

    Chubb Unit Liable For Claims After Primary Insurer's Collapse

    A Chubb unit must step in and provide excess coverage for asbestos exposure claims against a waterworks product supplier, a Massachusetts state court ruled Monday, finding that the company's primary policy has been exhausted as a result of that carrier's insolvency and inability to pay for covered losses.

  • March 02, 2026

    Fla. REIT Blames Ponzi Probe, Lawsuits In Ch. 11 Filing

    A real estate investment trust accused last year by Florida authorities of being a Ponzi scheme has filed for federal bankruptcy protection, claiming the state probe, a racketeering lawsuit from a talk show host and a U.S. Securities and Exchange Commission action tarnished its reputation.

  • March 02, 2026

    Cadwalader Continues Restructuring Growth With UK, US Duo

    Cadwalader Wickersham & Taft LLP announced on Monday that it is continuing to invest in its restructuring bench with two lawyers in New York and London.

  • March 02, 2026

    J&J Unit Wins Bid To Revive Talc Libel Suit With New Basis

    A New Jersey federal judge has revived a bankrupt Johnson & Johnson talc subsidiary's trade libel claim over a 2020 scientific article linking asbestos in talc to mesothelioma, finding that new evidence and allegations concerning the authenticity of the author's data are enough to survive a motion to dismiss.

  • March 02, 2026

    NJ's Newest Bankruptcy Judge Is An Ex-Assistant US Attorney

    A former assistant U.S. attorney is New Jersey's newest bankruptcy judge, bringing with him experience representing federal agencies in bankruptcy and creditors in large cases like General Motors' 2009 reorganization.

Expert Analysis

  • 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.

  • In-House Counsel Pointers For Preserving Atty-Client Privilege

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    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.

  • Collecting Rare Books Makes Me A Better Lawyer

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    My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.

  • Judge Should Not Have Been Reprimanded For Alito Essay

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    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

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    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.

  • Ch. 11 Ruling Confirms Insurer Standing Requirements

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    A New York bankruptcy court's recent decision in the Syracuse Diocese's Chapter 11 case indicates that insurers have misread the U.S. Supreme Court’s 2024 ruling in Truck Insurance Exchange v. Kaiser Gypsum and that federal standing requirements remain unaltered, say attorneys at Lowenstein Sandler.

  • AI Will Soon Transform The E-Discovery Industrial Complex

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    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

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    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

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    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

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    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

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    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.

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    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.

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