Mid Cap

  • May 01, 2024

    Weinstein On Track For Fall Trial Redo On NY Rape Charges

    A New York judge said Wednesday that disgraced movie mogul Harvey Weinstein will be retried sometime after September, following last week's decision by the state's highest court to overturn his rape conviction due to the admission of overly broad evidence at trial.

  • May 01, 2024

    Eiger Gets Deal With Merck Over $46M Rare-Disease Drug Sale

    Bankrupt Eiger BioPharmaceuticals Inc. told a Texas federal judge Wednesday it had struck a tentative agreement with drug company Merck & Co. over licensing rights to a rare-disease drug that it is selling for $46.1 million.

  • May 01, 2024

    Judge OKs Ch. 11 Dairy Co. Sale Rules With $20M Floor Bid

    An Illinois bankruptcy judge on Wednesday agreed to approve sale procedures for bankrupt ice cream and dairy producer Oberweis Dairy Inc. that would set a $20 million bid as the auction floor in exchange for promising a 5% breakup fee to the stalking horse bidder.

  • May 01, 2024

    Ex-NFL Star Romanowski Files For Ch. 11 Amid $15M Tax Suit

    Ex NFL star and Super Bowl champion Bill Romanowski has filed for Chapter 11 protection in California after being slapped with a $15.5 million income tax suit.

  • May 01, 2024

    Allegiance Coal's Lenders Oppose 'Outrageous' Ch. 11 Fee Bid

    A secured lender of bankrupt mining operation Allegiance Coal USA objected to the $5.2 million in expense fees requested by the debtor's professionals, telling a Delaware bankruptcy court that the ask is "outrageous," especially since the firms failed in their quest to land a going-concern sale.

  • May 01, 2024

    Kirkland Rips 'Tortured' Theory In Texas Judge Romance Suit

    Kirkland & Ellis LLP's inclusion in a Texas federal suit accusing it of conspiring with Jackson Walker LLP, a disgraced Texas bankruptcy judge and a former Jackson Walker partner who was his romantic partner to oust a CEO is based on "a tortured theory" and "flimsy facts," the firm declared.

  • May 01, 2024

    Jambys Brand Hopes To Avoid Cash Advance Claims

    Online clothing brand Jambys Inc. on Wednesday told a Delaware bankruptcy judge it plans to file suit to avoid repaying the high-interest financing that drove it to seek Chapter 11 protection and emerge as a going concern.

  • May 01, 2024

    Boris Becker Gets UK Bankruptcy Order Lifted

    Boris Becker is no longer bankrupt after a London court released the multiple Grand Slam tennis champion on Wednesday from any further liability arising from his bankruptcy debt in the U.K.

  • April 30, 2024

    Attys Barred From Practicing Over Ch. 13 Real Estate Scams

    Enforcement actions against two consumer bankruptcy attorneys who admitted they hid their involvement in schemes to acquire their clients' homes during Chapter 13 proceedings have resulted in sanctions barring them from practicing in certain districts, the U.S. Department of Justice's Trustee Program announced Tuesday.

  • April 30, 2024

    Insurance Mogul Can't Escape $164M Dutch Payout Yet

    A shareholder accused of raiding a Dutch insurer's coffers can't stop it from trying to enforce a nearly $164 million arbitration victory, a North Carolina federal judge ruled, finding that he didn't show it's not enforceable in U.S. courts.

  • April 30, 2024

    New York Teen Mental Health Home Files For Ch. 11

    St. Christopher's Inc., a New York nonprofit that provides residential mental health services to children, and the foundation that supports it have filed for Chapter 11 Subchapter V bankruptcy, citing up to $10 million each of assets and liabilities.

  • April 30, 2024

    Canadian Pharma Co. Contract Asks For Ch. 15 Recognition

    Contract Pharmaceuticals Ltd. asked Tuesday that a Delaware bankruptcy judge recognize the company's foreign insolvency proceedings, saying it started the process in Canada while facing a debt load of more than $41 million and hobbled revenue.

  • April 30, 2024

    When Philly Newspapers Cast Credit Bidding Into Doubt

    Credit bidding is a regular feature of many bankruptcy asset sales now. But for a brief spell more than a decade ago, the case of Philadelphia Newspapers gutted the idea that secured lenders were entitled to include the outstanding amount owed on their loans as part of an offer to buy assets.

  • April 30, 2024

    Apparel Brand Jambys Files Ch. 11 As PJs Lose Popularity

    Online clothing brand Jambys Inc. filed for Chapter 11 protection under Subchapter V in Delaware federal bankruptcy court Tuesday, citing $7 million in debt as the company struggles with declining consumer interest in sleepwear and loungewear now that the COVID-19 pandemic has abated.

  • April 30, 2024

    Meet The Attorneys Cooking Up Sticky's Chicken Ch. 11

    A team of attorneys from Pashman Stein Walder Hayden PC is advising New York area restaurant chain Sticky's Chicken in its Chapter 11, Subchapter V case.

  • April 30, 2024

    Canadian Lumber Biz Hits Ch. 15 To Find Buyer

    Lumber and forestry products producer Teal Jones Holdings Ltd. has petitioned for Chapter 15 bankruptcy protection in Delaware, seeking recognition of an ongoing insolvency proceeding in Canadian court, where it intends to reorganize, possibly through a sale of its assets.

  • April 30, 2024

    Atty Wants Out Of 'Coup' Suit Over Judge Romance

    The former Jackson Walker LLP attorney whose secret relationship with a Texas judge ignited an ethics scandal wants out of a racketeering suit accusing her of "orchestrating a coup" in a bankruptcy case, calling the suit a "dubious" attempt to blame her for an ex-CEO's "disastrous" mismanagement of his family business.

  • April 30, 2024

    NYC Law Firm Says Japanese Auto Supplier Owes $800K Fees

    New York law firm Florence Rostami Law LLC seeks more than $800,000 in legal fees and expenses after representing a Japanese auto part manufacturer in litigation and bankruptcy court proceedings in a contract dispute with a former vendor, the firm told a Michigan federal court.

  • April 30, 2024

    Genova Burns Adds Labor, Bankruptcy Attys In Philly, NJ

    Genova Burns LLC expanded its offices in the Philadelphia area and New Jersey this week with the additions of attorneys specializing in labor and bankruptcy law.

  • April 30, 2024

    Moritt Hock Adds 3 Attorneys In NYC, Garden City Offices

    Moritt Hock & Hamroff LLP has hired an associate and counsel and has rehired a former corporate associate who spent three years working for the firm, according to a Monday announcement.

  • April 29, 2024

    Kazakh Businessman Accused Of Stealing Coal Mine

    A Kazakh businessman schemed with the country's government to steal a coal mine, its proceeds, and its assets and laundered the proceeds to buy luxury U.S. real estate worth more than $100 million, according to a suit filed in New York state court.

  • April 29, 2024

    Judge Mulls Atty Sanctions In Ch. 7 Over 'False' Statements

    An insolvent government contractor and its lawyers should pay opposing counsel's fees in an adversary action, attorneys representing the debtor's Chapter 7 trustee and creditors told a Delaware bankruptcy judge Monday, accusing the company and its principals of making false and misleading statements in the $14 million clawback lawsuit.

  • April 29, 2024

    Terraform Says SEC's $5.4B Sanction Bid Fails Under Morrison

    Crypto firm Terraform Labs and its founder Do Kwon struck back at the U.S. Securities and Exchange Commission's $5.4 billion sanctions request following its trial win, filing dual briefs Monday that argued the regulator has only shown that "a small number" of allegedly illegal token sales took place in the U.S. and under its jurisdiction as outlined in the U.S. Supreme Court's Morrison decision.

  • April 29, 2024

    Minn. Consumer Bankruptcy Law Firm Files For Ch. 11

    LifeBack Law Firm PA, which specializes in Chapter 7 and 13 consumer bankruptcies, filed for Chapter 11 protection Sunday in Minnesota amid legal challenges from a competitor and former employees.

  • April 29, 2024

    Herbert Smith Adds Bankruptcy Pro To Thai Disputes Practice

    Herbert Smith Freehills has hired an expert in construction disputes and insolvency and bankruptcy matters as a new partner for its Bangkok office, a move the firm says will strengthen its disputes practice in Thailand's capital.

Expert Analysis

  • Co. Directors Must Beware Dangers Of Reverse Factoring

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    New accounting requirements governing the disclosure of so-called reverse-factoring programs have revealed billions of dollars worth of hidden liabilities on companies’ ledgers, and directors of corporate boards should review their companies’ books for this hidden danger, say Garland Kelley at Looper Goodwine, Amin Al-Sarraf at Locke Lord and Jill Basinger at Discovery Land.

  • Attorneys, Law Schools Must Adapt To New Era Of Evidence

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    Technological advancements mean more direct evidence is being created than ever before, and attorneys as well as law schools must modify their methods to account for new challenges in how this evidence is collected and used to try cases, says Reuben Guttman at Guttman Buschner.

  • Why 7th Circ. Libel Ruling Is Crucial For The Media

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    As more defamation plaintiffs attorneys argue that allowing a published statement to remain online after additional evidence of falsity emerges equates to actual malice, the Seventh Circuit's recent National Police Association v. Gannett opinion should be lauded by the media and online publishers as a favorable decision, say attorneys at Vedder Price.

  • Tips For Litigating Against Pro Se Parties In Complex Disputes

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    Litigating against self-represented parties in complex cases can pose unique challenges for attorneys, but for the most part, it requires the same skills that are useful in other cases — from documenting everything to understanding one’s ethical duties, says Bryan Ketroser at Alto Litigation.

  • 3 Cases Show Tensions Between Arbitration And Insolvency

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    The intersection of international arbitration and insolvency may influence the formulation of litigation strategy on a global scale, and several recent cases illustrate the need for counsel to understand how courts are varying in their approaches, say attorneys at Skadden.

  • Air Ambulance Ch. 11s Show Dispute Program Must Resume

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    Air Methods’ recent bankruptcy filing highlights the urgent need to reopen the No Surprises Act’s independent dispute resolution program for air ambulances, whose shutdown benefits insurance companies and hurts providers, says Adam Schramek at Norton Rose.

  • Pro Bono Work Is Powerful Self-Help For Attorneys

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    Oct. 22-28 is Pro Bono Week, serving as a useful reminder that offering free legal help to the public can help attorneys expand their legal toolbox, forge community relationships and create human connections, despite the challenges of this kind of work, says Orlando Lopez at Culhane Meadows.

  • Why Delaware ABCs Are No Longer As Easy As 1-2-3

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    In light of the Court of Chancery's recent focus on additional disclosures, the assignment for the benefit of creditors process in Delaware may no longer be as efficient as it once was, and companies should be prepared to provide significantly more information leading up to an ABC, say attorneys at Goodwin.

  • Diamond Sports Cases Shed Light On Executory Contracts

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    Recent Texas bankruptcy cases involving telecast fees payable by Diamond Sports to certain Major League Baseball teams provide a window into the dynamic relationship that can develop between debtors and counterparties under some executory contracts, say Joseph Badtke-Berkow and Robin Spigel at Allen & Overy.

  • Playing In A Rock Cover Band Makes Me A Better Lawyer

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    Performing in a classic rock cover band has driven me to hone several skills — including focus, organization and networking — that have benefited my professional development, demonstrating that taking time to follow your muse outside of work can be a boon to your career, says Michael Gambro at Cadwalader.

  • The Pop Culture Docket: Judge Espinosa On 'Lincoln Lawyer'

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    The murder trials in Netflix’s “The Lincoln Lawyer” illustrate the stark contrast between the ethical high ground that fosters and maintains the criminal justice system's integrity, and the ethical abyss that can undermine it, with an important reminder for all legal practitioners, say Judge Adam Espinosa and Andrew Howard at the Colorado 2nd Judicial District Court.

  • Balancing Justice And Accountability In Opioid Bankruptcies

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    As Rite Aid joins other pharmaceutical companies in pursuing bankruptcy following the onslaught of state and federal litigation related to the opioid epidemic, courts and the country will have to reconcile the ideals of economic justice and accountability against the U.S. Constitution’s promise of a fresh start through bankruptcy, says Monique Hayes at DGIM Law.

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