Mid Cap

  • February 19, 2025

    Backup Infowars Bidder Wants Judge To Restart Auction

    The backup bidder for Alex Jones' Infowars program has asked a Texas bankruptcy judge to restart an auction for the assets after a previous sale to the parent company of satirical newspaper The Onion was rejected in December.

  • February 19, 2025

    Creditors Committee Tapped In Liberated Brands Ch. 11

    The U.S. Trustee's Office has appointed seven parties, including landlords and vendors, to the official committee of unsecured creditors in the Chapter 11 case of Liberated Brands, as the clothing retailer works to deal with some $226 million in debt and wind down operations. 

  • February 19, 2025

    Meet The Attys Illuminating Splashlight's Path Through Ch. 11

    New York City-based media production company Splashlight Holding LLC has assembled a trio of attorneys from Goetz Platzer LLP to see it through the Chapter 11 case the debtor filed to sell its assets and address $53.5 million in liabilities.

  • February 19, 2025

    EV Maker Nikola Hits Bankruptcy After Battery Recall

    Nikola Corp., maker of electric and hydrogen-powered trucks, filed for Chapter 11 bankruptcy protection Wednesday in Delaware, listing about $98 million of funded debt and blaming a sprawling battery pack recall for its financial troubles.

  • February 18, 2025

    Reed Smith Removed In $102M Shipping Group Award Fight

    A New York federal judge granted a request by the purported new owners of Eletson Holdings Inc. and removed Reed Smith LLP as counsel in a $102 million breach of contract suit the firm brought on behalf of the international shipping group in 2023.

  • February 18, 2025

    Willkie DQ'd, Guo Clawbacks Continue

    Franchise Group must find new bankruptcy counsel after a judge in Delaware found Willkie Farr & Gallagher LLP was conflicted in its case. The court-appointed trustee investigating Miles Guo's shell companies got another deadline extension to chase down estate funds. Spirit Airlines is awaiting confirmation of its reorganization plan. And bankrupt bitcoin miner Rhodium Encore has hit back at its landlord in court, alleging a campaign of sabotage.

  • February 18, 2025

    Bankruptcy Judge OKs Plan To Close NY Nursing Home

    A New York bankruptcy judge has said a 588-bed nursing home can shut its doors if the state's Department of Health will sign off on the debtor's plan to close the facility, after the company asked for permission as it faced mounting losses.

  • February 18, 2025

    US Trustee Balks At Jones Day Fees In NY Diocese Ch. 11

    The U.S. Trustee's Office is opposing some of the nearly $52 million in fees billed by Jones Day lawyers for their work as debtors' lead counsel for the Catholic diocese on New York's Long Island, as total fees in the case have surpassed $120 million.

  • February 18, 2025

    Feds Strike $29M Deal To Settle FCA Overpayment Claims

    Healthcare system SVCMC Inc. will pay $29 million to resolve allegations it held onto erroneous overpayments for medical services provided to retired military members and their families, the U.S. Department of Justice has said.

  • February 18, 2025

    Vaccine Developer Files Ch. 11 Sale Plan With $11.5M Bid

    Omega Therapeutics, which develops mRNA vaccines, filed proposed bidding procedures in Delaware bankruptcy court, saying it hopes to get a sale approved by mid-April and has a stalking-horse bid in hand worth about $11.5 million.

  • February 18, 2025

    Muni Bond Firm Stoever Glass Files For Ch. 7 In NY

    The 61-year-old Wall Street municipal bond investment firm Stoever Glass & Co. Inc. has filed for Chapter 7, reporting liabilities of up to $10 million and assets of less than $1 million.

  • February 18, 2025

    Texas Boutique Gains 7 Attys In Bankruptcy Firm Tie-Up

    Vartabedian Hester & Haynes LLP, a commercial litigation boutique founded in the Lone Star State last year, has added a seven-lawyer bankruptcy team in Fort Worth through a merger with Forshey Prostok LLP, including that firm's two co-founders.

  • February 18, 2025

    Fight For Sub V Status Bedevils Hub City Home Health Biz

    When a small chain of home healthcare providers called Hub City Home Health filed for Chapter 11 protection, the company sought out special protections afforded for small businesses with less than $3 million in debt. Now, it is fighting to retain its Subchapter V status after a major creditor and the Office of the U.S. Trustee challenged its eligibility in court.

  • February 15, 2025

    Real Estate Recap: Practice Pivot, Tariff Tax, Lennar's Lawyers

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including the latest shifts in real estate law practice, a Big Law leader's predictions for a looming tariff "tax" debate, and a look at the legal talent behind homebuilder Lennar Corp.'s $5.8 billion spinoff.

  • February 14, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The Chapter 11 trustee overseeing Chinese exile Miles Guo's bankruptcy estate hit dozens of new targets, including Salesforce and Grubhub, with adversary proceedings; the Chapter 7 trustee for Alex Jones asked permission to return deposits to bidders on Jones' assets; and the Office of the U.S. Trustee objected to the proposed plan of prison healthcare company Wellpath Holdings Inc., saying the plan contains impermissible third-party releases and Wellpath proposed an amended plan.

  • February 14, 2025

    Conn. Diocese Reaches $31M Deal With Abuse Claimants

    The bankrupt Roman Catholic Diocese of Norwich, Connecticut, has struck a deal to pay $31 million to sexual abuse survivors, the diocese and its unsecured creditors' committee jointly announced Friday.

  • February 14, 2025

    Camston Wrather Files For Ch. 7 With Over $100M In Debt

    California-based sustainable resource recovery company Camston Wrather LLC has filed for Chapter 7 bankruptcy listing liabilities between $100 million and $500 million along with up to $50 million in assets, citing insufficient funding to continue operations.

  • February 13, 2025

    Fla. Judge Denies Drinks Co. Ex-CEO Bid To Ax Monster Liens

    A Florida federal bankruptcy judge on Thursday declined to rule on a bid to dismiss all Monster Energy Company's claims and liens against the former CEO of the corporation that produces Bang Energy drinks, saying he lacks jurisdiction to resolve issues between two non-debtors.

  • February 13, 2025

    Creative Services Co. Hits Ch. 11 With $54M In Debt

    Splashlight, a New York City-based company that provides media production and creative services to brands such as Target and Nike, has filed for Chapter 11 protection, listing $39 million of assets and $53.5 million in liabilities.

  • February 13, 2025

    National Events Trustee Gets OK For Atty Payment Scheme

    Special litigation counsel for defunct ticket broker National Events Holdings LLC's Chapter 7 Trustee can front funds to the employ of experts in litigation and be reimbursed by the estate, a New York bankruptcy judge said, overruling the U.S. Trustee.

  • February 13, 2025

    Lowenstein Sandler Accuses Dispensary Of 'Bad Faith' Move

    Lowenstein Sandler LLP has accused a cannabis dispensary it is suing for unpaid legal fees of effectively asking a New Jersey Superior Court judge to overturn another judge's partial denial of the dispensary's motion to dismiss the case.

  • February 13, 2025

    Meet The Attorneys In Silver Airways' Chapter 11

    Regional air carrier Silver Airways has filed for Chapter 11 protection with $457 million in debt, seeking a going-concern buyer with the guidance of law firms Smith Gambrell & Russell LLP and Damian Valori Culmo.

  • February 13, 2025

    Sandy Hook Families Seek To Enforce Alex Jones Judgment

    Infowars founder Alex Jones should be forced to pay the judgment that Sandy Hook families won in their long-running defamation case, even though he lodged a "baseless" appeal with the Connecticut Supreme Court in an effort to create further delays, the plaintiffs said.

  • February 13, 2025

    Orrick Hires Former Head Of A&O's Restructuring Practice

    The former head of Allen & Overy's U.S. restructuring practice prior to A&O's transatlantic merger with Shearman & Sterling has joined Orrick Herrington & Sutcliffe LLP in New York.

  • February 12, 2025

    Rhodium Says Landlord Tried To 'Destroy' It In $300M Suit

    Bankrupt Bitcoin mining company Rhodium Encore has filed a $300 million lawsuit in Texas bankruptcy court accusing competitor Riot Platforms and landlord and power provider Whinstone US Inc. of sabotaging its business and driving it into bankruptcy.

Expert Analysis

  • Finding Focus: Strategies For Attorneys With ADHD

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    Given the prevalence of ADHD among attorneys, it is imperative that the legal community gain a better understanding of how ADHD affects well-being, and that resources and strategies exist for attorneys with this disability to manage their symptoms and achieve success, say Casey Dixon at Dixon Life Coaching and Krista Larson at Stinson.

  • A Look At DOJ's New Nationwide Investment Fraud Approach

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    Investment fraud charges are increasingly being brought in unlikely venues across the country, and the rationale behind the U.S. Department of Justice's approach could well be the heightened legal standards in connection with prosecuting investment fraud, says Jonathan Porter at Husch Blackwell.

  • Decoding The Digital Asset Landscape In Bankruptcy

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    Recent cases show the explosion of cryptocurrency as an asset class has created new challenges for debtors-in-possession, bankruptcy trustees, and federal and state receivers, and fiduciaries will have to consider a number of legal and practical considerations when determining how to manage these assets in insolvency, say David Castleman at Otterbourg and Anthony Facciano at Stretto.

  • How Fla. Bankruptcy Ruling May Affect Equity Owners

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    A Florida bankruptcy court’s recent ruling in Vital Pharmaceuticals — which rejected the Third Circuit’s Majestic Star decision that determined a bankrupt corporation’s flow-through status was not protected by the automatic stay — may significantly affect how equity owners can mitigate the impact of flow-through structures in bankruptcy, say Eric Behl-Remijan and Natasha Hwangpo at Ropes & Gray.

  • Calif. Ruling May Open Bankruptcy Trustees To Tort Liability

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    In Martin v. Gladstone, a recent California appellate court decision, the application of tort concepts to bankruptcy trustees could pose a new concern for trustees and federal receivers when controlling and maintaining commercial property, says Jarrett Osborne-Revis at Buchalter.

  • 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.

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