Mid Cap
-
July 16, 2024
California Atty Accused In $282M Theft Put On Inactive Status
A California lawyer who's accused of stealing as much as $282 million from debt relief clients has been placed on involuntary inactive status, and bar discipline authorities say he deserves to lose his license permanently.
-
July 16, 2024
States, Legal Orgs. Urge Justices To Halt Biden's Debt Relief
A U.S. Supreme Court challenge to the Biden administration's latest student debt relief program received backing from seven Republican-led states and a trio of legal groups that assert the estimated $475 billion plan exceeds the executive branch's authority.
-
July 16, 2024
Crypto Bank Noble Talents Files Ch. 7 Liquidation In NY
Cryptocurrency banking services provider Noble Talents filed for Chapter 7 liquidation in New York, listing up to $50 million of liabilities.
-
July 16, 2024
The 2024 Diversity Snapshot: What You Need To Know
Law firms' ongoing initiatives to address diversity challenges have driven another year of progress, with the representation of minority attorneys continuing to improve across the board, albeit at a slower pace than in previous years. Here's our data dive into minority representation at law firms in 2023.
-
July 16, 2024
These Firms Have The Most Diverse Equity Partnerships
Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.
-
July 15, 2024
Fed. Circ. Rejects FEMA Contractor's Water Restocking Fees
The Federal Circuit on Monday upheld the rejection of an embattled government contractor's claim for $13.5 million in restocking fees after the Federal Emergency Management Agency sharply reduced the amount of bottled water the agency ordered in response to Hurricane Maria in Puerto Rico.
-
July 15, 2024
Owner Of Bankrupt Gov't Contractor Charged With Perjury
The owner of a bankrupt government water contractor has been indicted on perjury charges, accused of falsifying the company's bankruptcy filings by failing to report millions in assets transferred to her and other company insiders.
-
July 15, 2024
Giuliani Booted, Purdue Regroups, Redbox Pivots
Rudy Giuliani's Chapter 11 case was tossed for his lack of financial disclosures, Purdue Pharma pressed for renewed plan mediation as creditors hedged their bets by seeking permission to sue its owners, and the parent company of Redbox pivoted to a liquidation due to what it described as mismanagement of the business.
-
July 15, 2024
Pump Co. Execs Must Face Trustee's $59.7M Transfer Suit
A Connecticut federal judge won't toss a Chapter 7 bankruptcy trustee's lawsuit claiming that three former engineering company executives transferred $59.7 million to a holding entity and sent the company into ruin to avoid paying asbestos claims, ruling Monday that the suit plausibly alleges that the executives had conflicts of interest and concealed their conduct.
-
July 15, 2024
NRA's Policies Called 'Dumpster Fire' As 2nd NY Trial Opens
The New York attorney general cast the National Rifle Association as unrepentant and unreformed as a second-phase bench trial began in state court Monday, after a jury had found the group and its ex-officers liable for misspending millions.
-
July 15, 2024
Rue21 Bankruptcy Dismissed After Exculpations Trimmed
Teen apparel retailer rue21 received approval Monday to dismiss its Chapter 11 case after it agreed to narrow who would be protected from potential legal liability as it winds down.
-
July 15, 2024
Mogul's Co. Drops Bid To Stop Insurer's Liquidation
A company owned by convicted insurance mogul Greg Lindberg wants to end a fight against North Carolina's liquidation of an insurer, saying that it desires to withdraw its case in the state Court of Appeals.
-
July 15, 2024
Judge Will OK Ch. 15 Recognition For SouthRock's Insolvency
A Texas bankruptcy judge said Monday he will grant SouthRock Capital Ltda., a Brazilian private equity company that operates international food brands including Starbucks and TGI, U.S. recognition of its foreign insolvency proceedings.
-
July 15, 2024
Girardi Seeks 2-Month Delay For Client Theft Trial, To October
Disgraced lawyer Tom Girardi's defense attorneys want to push back his closely watched wire fraud trial to October from its current August start date, claiming they've been "misled" by "sharp-elbowed" federal prosecutors who have unexpectedly sought to expand the scope of their case against Girardi in recent weeks.
-
July 12, 2024
Law360 Names 2024's Top Attorneys Under 40
Law360 is pleased to announce the Rising Stars of 2024, our list of 158 attorneys under 40 whose legal accomplishments belie their age.
-
July 12, 2024
San Diego Diocese Heads Toward Mediation In Ch. 11
Lawyers for the Roman Catholic Diocese of San Diego told a California bankruptcy judge Friday that the diocese is hoping to kick off new mediation efforts as it works to resolve more than 450 sexual abuse lawsuits while in Chapter 11.
-
July 12, 2024
Giuliani's Ch. 11 Tossed Over Lack Of Financial Candor
Rudolph W. Giuliani, former mayor of New York City and legal adviser to Donald Trump, had his Chapter 11 case dismissed Friday by a New York bankruptcy judge, who found that Giuliani's missing financial disclosure made ending the proceedings the best option for creditors.
-
July 12, 2024
Behind Ex-McElroy Deutsch CFO's Ch. 11
McElroy Deutsch Mulvaney & Carpenter's former chief financial officer, who has admitted to skimming off $1.5 million from his firm, has filed for bankruptcy in New Jersey as he faces both a civil suit and criminal charges over the embezzlement.
-
July 12, 2024
Incora Ruling Poses New Risks For Contested Debt Deals
A Texas bankruptcy judge's recent ruling on a 2022 financing deal at aircraft parts supplier Incora adds another twist in the still-nascent case law surrounding so-called creditor-on-creditor violence, forcing lawyers on both sides of contentious debt exchanges to adjust to new legal terrain.
-
July 11, 2024
Cigna Objects To Ch. 11 Nursing Home Asset Sale Proposal
Cigna Health and Life Insurance Co. asked a Pennsylvania bankruptcy judge to reject a sale process proposed by some of the debtors in a Pittsburgh-area nursing home network's consolidated Chapter 11 case, saying it gave the debtors too much leeway to change what contracts they will maintain.
-
July 11, 2024
Texas Pipe Distributor Can Use Cash Collateral In Ch. 11
A Texas bankruptcy judge Thursday told pipe distributor Tubular Synergy Group LP he would carefully monitor its use of its main lender's cash collateral to continue to do business, while he approved a slate of routine first-day motions for the debtor.
-
July 11, 2024
Sorrento Investors Rip Atty Fee Requests Over 'Scant' Results
A group of Sorrento Therapeutics Inc. shareholders has asked a Texas bankruptcy judge to reject $50 million in fee applications by lawyers for the drug developer, charging that the Chapter 11 case has been a "disaster for all stakeholders other than for professionals."
-
July 11, 2024
Syracuse Diocese To Notice Creditors On Ch. 11 Releases
Lawyers for the Diocese of Syracuse said they've come up with a process to collect creditor consent for third party releases in an already voted on reorganization plan, telling a New York bankruptcy judge Thursday the approach will hopefully head off confirmation issues after the U.S. Supreme Court struck down nonconsensual third party releases in Chapter 11 plans.
-
July 11, 2024
CLO Holder Can't Duck Portfolio Manager's Feud Just Yet
A New York federal court has refused to finalize a February decision dismissing all claims against an investment scheme created to hold collateralized loan obligations whose liquidation is at the center of a sprawling dispute.
-
July 11, 2024
Americanas Ch. 15 Held Up By Creditor Treatment Concern
A restructuring plan for Brazilian department store chain Americanas SA hit a roadblock Thursday when a New York bankruptcy judge questioned the treatment of noteholders that didn't consent to giving releases to nondebtor third parties.