Mid Cap
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July 09, 2025
Tariffs Loom Large Over Smaller Ch. 11s So Far In 2025
Mid-market businesses have been struggling with economic uncertainty in the first half of the year, especially with the threat of higher tariffs and reduced incentives for renewable energy, bankruptcy professionals told Law360.
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July 09, 2025
Scanrock's Ch. 11 Plan Disclosure Punted Over Notice Issue
A Texas bankruptcy Judge agreed Wednesday to postpone a decision on approving hydrocarbon driller Scanrock Oil & Gas' amended Chapter 11 plan disclosure, after the debtor told him the move was acceptable to defuse concerns about the notice window.
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July 09, 2025
NJ Justices Disbar Fla. Atty For Misappropriating $100K
The New Jersey Supreme Court has disbarred a Florida attorney based on Disciplinary Review Board findings that she misappropriated more than $100,000 in client funds.
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July 09, 2025
McGuireWoods Names New Office Leaders In 4 US Cities
McGuireWoods LLP announced Wednesday that it has appointed new office managing partners in Atlanta, Houston, Baltimore and San Francisco, continuing the firm's practice of rotating its staff in and out of key leadership positions.
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July 09, 2025
Stone And Tile Seller Hits Ch. 11 With $65M In Debt, Sale Plans
Mosaic Cos., the parent of stone and tile distributors Walker & Zanger and Surfaces Southeast, filed for Chapter 11 protection in Delaware with $65 million of secured debt after it struggled to rebound from pandemic-caused supply chain disruptions.
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July 08, 2025
Kohl's Says Self-Storage Renovation Led To Pa. Mall Exit
In seeking to ditch a lawsuit, Kohl's on Tuesday told a Pennsylvania federal judge that a mall owner breached a lease of two decades with an unwanted renovation project that added a nearby self-storage business and cut off the retailer's access to the mall's interior.
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July 08, 2025
Job Site Monster.com OK'd For Swift Ch. 11 Auctions
A Delaware bankruptcy judge Tuesday signed off on online job search site CareerBuilder + Monster's plans to hold Chapter 11 auctions for its assets next week, approving bid procedures with three separate stalking horses.
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July 08, 2025
Job.com Has $35M Credit Bid For Ch. 11 Auction
Artificial intelligence-powered recruiting platform My Job Matcher Inc. told a Delaware bankruptcy judge Tuesday it has obtained a $35 million credit bid from existing secured lenders as it pursues a sale of its assets in Chapter 11.
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July 08, 2025
Meet The Team Helping Dr. Phil's Media Biz Through Ch. 11
A team of Sidley Austin LLP attorneys is helping a media company founded and partially controlled by the television personality known as Dr. Phil through Chapter 11 as it seeks to claw back a $25 million note from the company's Christian network co-owner.
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July 08, 2025
Judge Approves TreeSap Farms' Ch. 11 Liquidation Plan
A Texas bankruptcy judge on Tuesday gave the final green light to landscape plant grower TreeSap Farms' liquidation plan after hearing the debtor, unsecured creditors' committee and prepetition lenders had reached a global settlement.
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July 08, 2025
Catching Up With New Bankruptcy Case Action
Del Monte, a titan in the canned food industry, entered Chapter 11 in New Jersey. A media company partially controlled by Dr. Phil entered bankruptcy in Texas and began suing its joint venture partner. And a company that offers health care in The Villages retirement community hit bankruptcy in Florida with an initial bid for its assets.
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July 08, 2025
Jackson Walker, US Trustee Have A Week To Finish Mediation
A Texas federal judge has given Jackson Walker LLP and the federal government's bankruptcy watchdog a week to finish mediation in a fee dispute stemming from a former bankruptcy judge's secret relationship with a former firm partner.
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July 08, 2025
Fiber Co. Tilson Gets OK To Borrow $150M In Ch. 11
Fiber network developer Tilson Technology Management Inc. won a Delaware bankruptcy judge's approval Tuesday to take on $150 million in debtor-in-possession financing after the company agreed to increase funding for unsecured creditors as part of the Chapter 11 relief.
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July 07, 2025
Fresno Diocese Seeks Parish Account Protection In Ch. 11
The bankrupt Roman Catholic Bishop of Fresno told a California judge Monday that it would be providing additional evidentiary support for its cash management motion so that the bank accounts of its non-debtor parishes can be protected from closure.
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July 07, 2025
Calif. Fails To Pause 23andMe's Sale During Appeal
A Missouri bankruptcy judge on Monday refused California's request that genetic testing company 23andMe Holding Co.'s $305 million Chapter 11 sale be tabled while the Golden State seeks an appeal.
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July 07, 2025
Celsius Ends FTX Clawback Suit, Rite Aid Unit Sale OK'd
FTX's Bahamas unit and bankrupt cryptocurrency lender Celsius Network reached a settlement resolving an adversary lawsuit seeking the return of around $517 million in pre-bankruptcy transfers. A New Jersey bankruptcy judge approved Rite Aid's roughly $19 million sale of an ice cream brand to a pair of billionaires behind Monster Energy. And insurers are challenging Avon's Chapter 11 plan, arguing it unfairly forces them to cover potentially invalid talc injury claims.
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July 07, 2025
Attys For Dolphin Co.'s Ex-CEO Can Withdraw From Ch. 11
A Delaware bankruptcy judge on Monday gave two law firms permission to stop representing the ousted CEO of Leisure Investments Holdings, the lead debtor and intermediate holding company for aquatics park operator The Dolphin Co., with lawyers citing nonpayment and "irreconcilable differences" with their former client.
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July 07, 2025
Asset Manager's Suit Against Lowenstein Sandler Tossed
A New York state judge has handed an early win to Lowenstein Sandler LLP against allegations it provided faulty advice in a client's bankruptcy, finding the asset manager that brought the suit was simply attempting "to shift the financial cost of the troubled company's failed business from its owners to its lawyers."
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July 07, 2025
George Clinton Faces Sanctions Bid In IP Suit
Music executive Armen Boladian has asked a Florida federal court to sanction funk legend George Clinton, saying he was raising issues already adjudicated in their decades-long series of legal disputes.
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July 07, 2025
Catching Up With Delaware's Chancery Court
In Delaware in the past week, a vice chancellor awarded just $1 in damages to a China-tied company looking to secure a $50 million stake in SpaceX while also slamming the fund's manager for acting "insincerely," Tyson Foods won $55 million in damages in a suit claiming the owner of two poultry rendering plants Tyson acquired hid that it relied on a "disfavored" practice of recovering "unappetizing remnants of butchered chickens," and a suit over a one-site bank's 11-aircraft fleet was moved into the discovery phase.
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July 07, 2025
AI-Driven Job.com Files Ch. 11 With Almost $67M Of Debt
Artificial intelligence-powered employment recruiting platform My Job Matcher Inc., which does business as Job.com, filed for Chapter 11 in Delaware with several affiliates, listing over $66 million in liabilities and bringing a roughly $10 million bankruptcy financing proposal.
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July 07, 2025
Gift Wrap Manufacturer Can Tap $25M Post-Bankruptcy Money
IG Design Group Americas Inc., one of the world's biggest manufacturers of gift wrap, won court approval Monday to tap $25 million of new money to finance its bankruptcy case as it pursues a sale of some assets, after the company filed for Chapter 11 protection last week in the face of sagging business, U.S. tariffs and the loss of Joann Inc., a major customer.
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July 03, 2025
NY Landlord Sues Walmart, Others In Del. Alleging Fraud
A New York City landlord sued Walmart Inc. and the bankruptcy successor to Bonobos Inc. in Delaware's Court of Chancery late Thursday, asserting hundreds of million in claims and compensatory and punitive damages under both Delaware and New York law arising from an allegedly fraudulent transfer of a Fifth Avenue retailer's lease and obligations.
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July 03, 2025
US Trustee, Creditor Balk At Firstbase.io's $1.2M Ch. 11 Fees
The U.S. Trustee's Office and the largest creditor of Firstbase.io urged a New York bankruptcy judge to reject three law firms' applications for $1.2 million in legal fees, arguing the bankrupt business services platform could become administratively insolvent and hasn't made enough progress in its Chapter 11.
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July 03, 2025
What's Happening In Bankruptcy Court This Coming Week
Coming out of the July Fourth long weekend, bankruptcy judges will consider debtor-in-possession financing requests by solar company Sunnova and fiber developer Tilson, a dispute over trucking firm Yellow Corp.'s Chapter 11 progress, and first-day relief for the Catholic Diocese of Fresno, California.
Expert Analysis
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.
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Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Baseball Fantasy Camp Makes Me A Better Lawyer
With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.
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Adapting To Private Practice: From Fed. Prosecutor To BigLaw
Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.
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Perfecting Security Interests In Renewable Energy Tax Credits
The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.