Mid Cap

  • April 11, 2025

    Azzur Gets OK To Seek Votes On Ch. 11 Plan

    Azzur Group, which offers services for pharmaceutical developers, can seek votes on its Chapter 11 liquidation plan after the $56 million sale of its consulting business was approved Friday.

  • April 11, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The Texas Attorney General asked for a consumer privacy ombudsman in 23andMe's Ch. 11 case; The Chapter 11 trustee handling Chinese exile Miles Guo's estate balked at an appeal against a decision advancing dozens of clawback proceedings; and a Delaware bankruptcy judge dismissed the Chapter 7 case of electronics recycler Camston Wrather at the request of the estate trustee.

  • April 11, 2025

    Publishers Clearing House Cleared To Pay Prizes In Ch. 11

    Bankrupt sweepstakes company Publishers Clearing House received approval for a slate of first-day motions Friday from a New York judge, including a request to continue paying prepetition obligations to prize winners amounting to about $475,000 over the next 30 days.

  • April 11, 2025

    Nikola Corp. Gets OK For $30M Arizona Factory Sale

    A Delaware bankruptcy judge Friday gave electric vehicle and hydrogen fueling technology maker Nikola Corp. the go-ahead to sell its Arizona factory and headquarters to electric carmaker Lucid Motors for $30 million.

  • April 11, 2025

    Alex Jones' Sandy Hook Atty Lands 7-Day Suspension Credit

    Alex Jones' former lead Connecticut attorney will be suspended for only one additional week because of a prior sit-out in 2023, a state court judge has clarified, saying she hadn't considered that Norm Pattis was previously benched while he appealed his discipline for his role in transferring Sandy Hook families' confidential records to another Jones attorney.

  • April 11, 2025

    White Forest Gets OK To Sell Coal Mine For $21M In Ch. 11

    A Delaware bankruptcy judge on Friday approved coal producer White Forest Resources Inc.'s sale of a West Virginia mine for a total price of about $21 million.

  • April 10, 2025

    Kal Freight Ch. 11 Plan OK'd After Effective Date Pushed Back

    A Texas bankruptcy judge said Thursday he would confirm the Chapter 11 liquidation plan of trucking company Kal Freight, after the proposal's effective date was delayed a week to give the debtor more time to return trucks and trailers to lenders.

  • April 10, 2025

    Judge Isgur To Mediate Sorrento Ch. 11 Dispute

    One of the most prominent bankruptcy judges in the United States is mediating a dispute between the liquidating trustee for biopharmaceutical company Sorrento Therapeutics Inc. and a unit of B. Riley Financial as the parties try to reach a settlement to avoid litigation.

  • April 10, 2025

    Publishers Clearing House's 70-Year Road To Bankruptcy

    After seven decades that took it from a family business selling magazine subscriptions out of a basement to a billion-dollar e-commerce enterprise, Publishers Clearing House is writing big checks to bankruptcy professionals after finally meeting market changes it couldn't handle.

  • April 10, 2025

    Paper Towel Co. Royal Paper OK'd To Tap Part Of Its DIP Loan

    A Delaware bankruptcy judge on Thursday gave interim approval for Arizona-based Royal Interco LLC, which supplies private-label paper products for grocery chains including Trader Joe's and Aldi, to tap part of a $10 million debtor-in-possession loan facility as the company moves toward a sale process. 

  • April 10, 2025

    CarePoint Fights To Confirm Tweaked Ch. 11 Plan

    The operator of three New Jersey hospitals said Thursday that its revised Chapter 11 plan fixes or buys time to address issues that a Delaware bankruptcy judge flagged coming out of a three-day confirmation hearing last month.

  • April 10, 2025

    Judge Romance Fee Disputes Moved From Bankruptcy Court

    A Texas federal district court agreed to preside over a suit brought by the U.S. Trustee's Office to make Jackson Walker LLP forfeit fees from more than 30 cases overseen by a former bankruptcy judge who was romantically involved with a one time-partner from the firm.

  • April 10, 2025

    Carlton Fields Beats DQ Bid In Fla. $500M Miss America Suit

    A Florida federal judge denied a bid to disqualify Carlton Fields in a $500 million lawsuit over the ownership of the company that runs the Miss America pageant, saying such a remedy is extraordinary, and that the allegations are "scattered and speculative."

  • April 10, 2025

    Gunster Adds Byrd Campbell Litigation Atty In Orlando

    Florida business law firm Gunster has added a new shareholder with expertise in complex commercial litigation, bankruptcy law and creditors' rights matters to its Orlando office from Byrd Campbell PA.

  • April 10, 2025

    Brazilian Sugar Producer Hits Ch. 15 In NY With $735M Debt

    Brazilian sugar producer and distributor Virgolino de Oliveira SA has filed for Chapter 15 protection in New York bankruptcy court with $735 million in debt.

  • April 09, 2025

    GenapSys Admin Says Paul Hastings Claims Not Barred

    The administrator overseeing the liquidation of GenapSys asked a Delaware bankruptcy judge Wednesday to rule that the gene sequencing technology company's Chapter 11 plan preserved its rights to sue its former attorneys at Paul Hastings LLP for malpractice.

  • April 09, 2025

    Ch. 11 Filings Surge In March, While Small Biz Filings Flat

    A new report shows that Subchapter V filings have leveled off after the debt limit for the streamlined restructuring method was reduced in June, as experts warned that the lower threshold could push businesses to either more expensive Chapter 11 filings or out of business.

  • April 09, 2025

    Cross & Simon OK'd To Duck Out Of Team Systems Ch. 7 Suit

    A Delaware bankruptcy judge on Wednesday approved law firm Cross & Simon LLC's request to withdraw as counsel to former Team Systems International executives in an adversary case brought by the insolvent government contractor's Chapter 7 trustee.

  • April 09, 2025

    Publishers Clearing House Hits Ch. 11, Plans Digital Pivot

    Publishers Clearing House, which started as a magazine subscription seller known for giant check giveaways, filed for bankruptcy Wednesday in New York with plans to focus on its digital advertising operations and sell its assets.

  • April 09, 2025

    Quinn Emanuel DQ In Fla. Oil Row More Than Just 'Possibility'

    A Florida federal judge has ordered expedited discovery in a Mexican oil company's case over alleged improper fund transfers, after determining there is "more than a mere possibility" of Quinn Emanuel being conflicted out of representing itself in the litigation due to prior representation of the company.

  • April 09, 2025

    23andMe Asks For Independent Customer Data Rep In Ch. 11

    Genetic testing company 23andMe asked a Missouri bankruptcy judge to let it appoint an independent customer data representative as it looks to sell genetic data of 15 million users at a Chapter 11 auction.

  • April 09, 2025

    Meet The Attys Helping InvaTech Recuperate In Ch. 11

    InvaTech Pharma Solutions LLC, a New Jersey-based developer of generic prescription drugs, has hired attorneys from Genova Burns LLC to help it through a Chapter 11 process while it seeks to handle a debt burden tied to loan terms that inhibited its acquisition of capital.

  • April 09, 2025

    Paper Towel Maker For Trader Joe's, Aldi Files For Ch. 11

    Arizona-based Royal Interco LLC, which supplies private-label paper products for grocery chains including Trader Joe's, Whole Foods, Kroger and Aldi, filed for Chapter 11 protection in Delaware, saying it has $205 million in outstanding secured debt and a stalking horse bid to acquire the company for $126 million.

  • April 09, 2025

    Conn. Justices Won't Review $1.4B Verdict Against Alex Jones

    The Connecticut Supreme Court has denied a bid by bankrupt Infowars host Alex Jones to appeal a judgment awarding more than $1 billion to the families of Sandy Hook Elementary School shooting victims who sued him for defamation.

  • April 08, 2025

    Iowa Hospital's Decline Gets Close Look In Bankruptcy Case

    The former operator of a now-bankrupt Iowa hospital is facing scrutiny over allegations the hospital suffered massive operating losses while paying some $9 million to the operator in fees in the years before its financial collapse.

Expert Analysis

  • How Courts Can Filter Nonmeritorious Claims In Mass Torts

    Author Photo

    Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University.

  • Racing Corvettes Makes Me A Better Lawyer

    Author Photo

    The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.

  • Attorneys Must Act Now To Protect Judicial Independence

    Author Photo

    Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.

  • Rethinking 'No Comment' For Clients Facing Public Crises

    Author Photo

    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • How Design Thinking Can Help Lawyers Find Purpose In Work

    Author Photo

    Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.

  • Competitive Weightlifting Makes Me A Better Lawyer

    Author Photo

    The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.

  • Serta Ruling Further Narrows Equitable Mootness In 5th Circ.

    Author Photo

    The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.

  • Inconsistent Injury-In-Fact Rules Hinder Federal Practice

    Author Photo

    A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.

  • In-House Counsel Pointers For Preserving Atty-Client Privilege

    Author Photo

    Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.

  • Collecting Rare Books Makes Me A Better Lawyer

    Author Photo

    My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.

  • Judge Should Not Have Been Reprimanded For Alito Essay

    Author Photo

    Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.

  • Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

    Author Photo

    Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.

  • Ch. 11 Ruling Confirms Insurer Standing Requirements

    Author Photo

    A New York bankruptcy court's recent decision in the Syracuse Diocese's Chapter 11 case indicates that insurers have misread the U.S. Supreme Court’s 2024 ruling in Truck Insurance Exchange v. Kaiser Gypsum and that federal standing requirements remain unaltered, say attorneys at Lowenstein Sandler.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Mid Cap archive.