Mid Cap

  • January 08, 2025

    Catching Up With New Bankruptcy Case Action

    Satellite and spectrum firm Ligado Networks filed in Delaware with $8.6 billion in debt. Regional airline Silver Airways LLC entered bankruptcy with plans to restructure by early 2025. A New York City waterfront condominium owner cited $70 million in liabilities, while a Long Island nursing home with $58 million in debt blamed its filing on litigation by New York Attorney General Letitia James.

  • January 08, 2025

    Auto Financing Co. Vroom's Equity Swap Ch. 11 Plan Gets OK

    A Texas bankruptcy judge on Wednesday approved automotive financing and analytics company Vroom Inc.'s Chapter 11 plan to convert $290.5 million of debt into equity, overruling an objection to the deal from the U.S. Department of Justice's bankruptcy watchdog and allowing Vroom to continue operating.

  • January 08, 2025

    NY Personal Injury Law Firm Hits Ch. 11 With $9M Debt

    Personal injury firm Munawar Law Group PLLC filed for Chapter 11 in New York with almost $9 million in debt, including a disputed claim from a Florida investment firm worth roughly $6.3 million.

  • January 07, 2025

    Sterilization Co. Can Access Full $7.5 DIP In Ch. 11

    A Texas bankruptcy judge on Tuesday gave final approval for sterilization company Cosmed Group Inc. to tap into $7.5 million in debtor-in-possession financing, along with a number of second-day motions.

  • January 07, 2025

    Commercial Ch. 11s Surged 20% In 2024 As Inflation Stung

    Commercial Chapter 11s increased 20% in 2024, leading a broader 14% incline in all new bankruptcies as the rate of filings looks set to return to higher prepandemic figures, according to new data.

  • January 07, 2025

    Ideanomics Can Move Forward With Ch. 11 Sale Process

    Bankrupt electric-vehicle technology company Ideanomics Inc. resolved objections to its Chapter 11 loan package and sale process proposals on Tuesday, receiving approval for both measures from a Delaware bankruptcy judge who expressed concerns about the priority of bid protections for a stalking-horse bidder.

  • January 07, 2025

    Quinn Emanuel Says NAFTA Case Irrelevant In DQ Bid

    A Mexican oil company and its subsidiaries cannot add "undisputedly irrelevant" supplementary information about former counsel Quinn Emanuel amid a disqualification bid, the law firm has told a Miami federal court, arguing that the requested documents, including the dismissal of a NAFTA arbitration Quinn Emanuel brought against Mexico, are either unrelated to the underlying litigation or duplicative.

  • January 07, 2025

    NJ Hospital Chain Seeks $17M More In Ch. 11 Funding

    New Jersey hospital operator CarePoint Health asked a Delaware bankruptcy judge Tuesday for permission to borrow an additional $17 million in Chapter 11 financing as the company finalizes a restructuring plan.

  • January 07, 2025

    Lowenstein Sandler Elects 5-Atty Partner Class For 2025

    Lowenstein Sandler LLP announced a class of five new partners for 2025 this week, drawing on attorneys working from New York and New Jersey and bringing expertise in tax law, environmental law, white collar defense and more.

  • January 07, 2025

    NYC Condo Owner Hits Ch. 11 With More Than $70M Debt

    The owner of 105 unsold New York City waterfront condominium units has filed for Chapter 11 protection with more than $70 million in liabilities.

  • January 07, 2025

    CFPB Adopts Rule To Take Medical Debt Off Credit Reports

    The Consumer Financial Protection Bureau moved ahead Tuesday with plans to restrict the use of medical debt information in credit scoring and lending, finalizing a rule that it said will take an estimated $49 billion in unpaid medical bills off consumers' credit reports.

  • January 06, 2025

    Dentons Adds Ex-Skadden Bankruptcy Pro In Calif.

    Global law firm Dentons is beefing up its restructuring, insolvency and bankruptcy practice with a new Los Angeles partner who spent more than two decades at Skadden, most recently as Skadden's head for corporate restructuring practice in the western United States.

  • January 06, 2025

    Meet The Attorneys for The Container Store's Ch. 11 Case

    Home storage solution retailer The Container Store filed for bankruptcy last month with $836 million in debt after failing to find an out-of-court purchaser for its business, and a team of attorneys from Hunton Andrews Kurth LLP and Latham & Watkins LLP is shepherding the company through a proposed debt-for-equity reorganization transaction.

  • January 06, 2025

    Silver Airways Seeks DIP Lender, Asset Buyer In Ch. 11

    A Florida bankruptcy judge on Monday granted Silver Airways LLC permission to use cash collateral, and approved a slew of other customary first-day reliefs, to get by as it tries to secure a debtor-in-possession loan and an asset sale.

  • January 06, 2025

    Mich. Residents Say Solar Investors Can't Arbitrate Fraud Suit

    Michigan residents who allege Florida investment firms funded a company that duped them into buying defective solar panels have urged a federal judge to deny the firms' bid to arbitrate or dismiss the claims, saying the court has already rejected the investors' arguments.

  • January 06, 2025

    Canadian Trucking Co. Halts Sale After Mitsubishi Objects

    Pride Group Holdings Inc. told a Delaware bankruptcy judge Monday that the Canadian trucking company will no longer pursue a sale of shares in an affiliated entity that owns a Florida property, after a financial services provider backed by Mitsubishi objected to the sale.

  • January 06, 2025

    Giuliani Held In Contempt In $148M Defamation Row

    A New York federal judge on Monday found Rudy Giuliani in contempt of court for failing to turn over evidence to two former Georgia election workers seeking to collect on a $148 million defamation judgment they secured against the former attorney to President-elect Donald Trump.

  • January 06, 2025

    Giuliani's Held In Contempt, Terraform Founder Denies Fraud

    A Manhattan federal judge held Rudy Giuliani in contempt over a $148 million defamation judgment, after the former New York City mayor cited memory lapses during questioning about the case. Terraform Labs founder Do Kwon was arraigned in New York and denied orchestrating a $40 billion fraud, with a follow-up hearing scheduled for Jan. 8. Celsius Network appealed a Delaware bankruptcy judge's decision to deny its amended $444.6 million claim against FTX. 

  • January 06, 2025

    Akoustis Says Ch. 11 Plan Handles IP Injunction Concerns

    Radio frequency filter venture Akoustis Technologies Inc. has accused judgment creditor Qorvo Inc. of seeking to scuttle Akoustis' Chapter 11 stalking-horse sale in Delaware for competitive reasons beyond Qorvo's $38 million patent infringement judgment.

  • January 06, 2025

    US Trustee Opposes Fees For Plastic Co. Stalking Horse

    The Office of the U.S. Trustee has objected to the bidding procedures in the bankruptcy of Plastic Suppliers Inc., arguing that the breakup fee isn't justified in the $13 million stalking-horse bid from Aluf Plastics.

  • January 06, 2025

    Press Release Distributor News Direct Hits Ch. 11 In Conn.

    A corporate press release distributor filed for Chapter 11 bankruptcy protection in Connecticut with less than $50,000 in assets and over $5 million in liabilities.

  • January 06, 2025

    Girard Sharp Launches Into New Year With New Leadership

    San Francisco-based Girard Sharp has kicked off the new year with a major leadership change, announcing Monday that Daniel C. Girard had stepped down as managing partner of the prominent plaintiffs complex litigation boutique he founded in 1995 and that longtime partner Dena C. Sharp was taking the reins.

  • January 06, 2025

    Pa. Coal Co. Hits Ch. 11 With Up To $50M In Debt, Sale Plans

    Corsa Coal Corp., which operates coal mines in Pennsylvania and Maryland, filed for bankruptcy Monday saying it planned to sell itself in Chapter 11 after it wasn't able to secure a U.S. Department of Agriculture-backed loan fast enough to refinance some $16.3 million of debt.

  • January 03, 2025

    Pool Co. Denied New Trial On TM Claims After Winning $16M

    A North Carolina pool parts supplier can't retry trademark infringement claims after securing a $16 million false advertising and unfair business practices judgment against a rival Chinese company accused of misleading customers, a federal judge ruled this week.

  • January 03, 2025

    NY Nursing Home Blames AG's 'Crusade' For Ch. 11

    The owner of a 588-bed nursing facility on Long Island has filed for Chapter 11 protection in a New York bankruptcy court with more than $58 million in debt, saying it was the victim of a "crusade" and "smear campaign" launched by the state attorney general's office.

Expert Analysis

  • 3 Ways To Train Junior Lawyers In 30 Minutes Or Less

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    Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.

  • The Bar Needs More Clarity On The Discovery Objection Rule

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    Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.

  • So You Want To Move Your Law Practice To Canada, Eh?

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    Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.

  • A Strategic Checklist For Bankruptcy Motion Objections

    Excerpt from Practical Guidance
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    Hewing to a set of best practices for objecting to a motion in bankruptcy cases can help creditors’ counsel stay on track as they juggle deadlines and jurisdictions, determine whether filing will help or harm the client, and negotiate with the debtor.

  • The 3rd-Party Bankruptcy Release Landscape After Purdue

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    In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis.

  • Striking A Balance Between AI Use And Attorney Well-Being

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    As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.

  • Being An Artist Makes Me A Better Lawyer

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    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • Bankruptcy Decision Exemplifies Venue Issue For Franchisees

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    A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on assumption of executory franchise contracts highlights the issue of whether franchisee debtors can qualify for case venue in friendlier circuits, says David Gamble at Parkins Rubio.

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

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    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

  • The Strategic Advantages Of Appointing A Law Firm CEO

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    The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

  • What Being An 'Insider' Means In Ch. 11, And Why It Matters

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    As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

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