Bankruptcy

  • September 28, 2026

    Insurer Seeks Exit From Pharma Co.'s $50M Creditor Dispute

    An insurer for a San Francisco pharmaceutical company told a California federal court it owes no duty to defend the company in a suit from a creditor and shareholder alleging directors and officers mismanaged the company to protect their equity, saying a creditors exclusion bars coverage.

  • September 28, 2026

    Resort Developer Gets OK For New $177M DIP, Lender Deal

    A Texas bankruptcy judge on Monday gave Five Star Development permission to take out $177.5 million in new Chapter 11 financing and refinance part of its prebankruptcy debt after hearing the resort developer is close to a deal to trim what it owes its other major creditor.

  • September 28, 2026

    Judge Tosses NJ Developer's Ch. 11, Citing Harm To Creditor

    A New Jersey bankruptcy judge has dismissed the Chapter 11 case of the company developing a 120-unit residential complex in the state, finding the creditor that made the request stood to be harmed more by the proceeding than the debtor would be with its bankruptcy tossed.

  • September 25, 2026

    PTAB Invalidates Challenged Claims In Breast Pump Patent

    The Patent Trial and Appeal Board on Friday ruled that all claims Shenzhen Root Technology Co. Ltd. challenged in a Willow Blossom wearable breast pump patent are invalid on numerous grounds.

  • September 25, 2026

    Del. Chancery Says Curonix Owns Stimwave Shares

    The medical device company Curonix LLC has won its lawsuit against the founder of Stimwave Technologies Inc., with Delaware's Court of Chancery finding that the plaintiff is the rightful holder of 75,000 shares of the company it purchased in bankruptcy.

  • September 25, 2026

    2nd Circ. Rules $7.25M Mansion Belongs In Guo's Ch. 11

    The Second Circuit on Friday upheld a Connecticut bankruptcy court decision that folded a $7.25 million mansion into the Chapter 11 estate of convicted fraudster Miles Guo, turning away his wife's argument that she actually controlled the property's corporate owner.

  • September 25, 2026

    Weil Hires Willkie Restructuring Leader In Latest Boomerang

    Weil Gotshal & Manges LLP has announced that it continued its boomerang hiring streak by adding the former chair of Willkie Farr & Gallagher LLP's restructuring and reorganization practice.

  • September 25, 2026

    Linklaters Atty Is Latest Add To O'Melveny Bankruptcy Team

    O'Melveny said Thursday that it has added another attorney to its bankruptcy and restructuring team in New York — a former Linklaters LLP partner who the firm said enhances its creditor-side and special situations capabilities.

  • September 25, 2026

    NextEra's $9.5M Deal In Wage-Fixing Case Gets Initial OK

    A Maryland federal judge gave preliminary approval to a settlement agreement that would see NextEra Energy pay $9.5 million to resolve class action allegations it conspired with other nuclear energy producers to fix worker wages.

  • September 25, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamation claim against the company, and property investment group Hunter Jones hit by a claim from the Financial Conduct Authority. 

  • September 25, 2026

    Brightline Florida To Continue Operating While In Ch. 11

    Florida's Brightline rail service will continue operating during the Chapter 11 cases of its parent entities, as they pursue a restructuring of more than $1 billion of bond debt with the support of its creditors.

  • September 24, 2026

    Ex-Tricolor CEO Says Feds Botched Warrants In Fraud Case

    The former CEO of Tricolor Holdings on Thursday urged a Manhattan federal judge to bar any evidence seized from searches of his communications from being used to support accusations that he deceived lenders and investors about the subprime auto lender's assets before it crashed into bankruptcy with $1 billion in debt, saying federal agents ran roughshod over the Fourth Amendment.

  • September 24, 2026

    Summer Camp Co. Says $19M Lien Targets Wrong Ch. 11 Case

    Summer camp company SIMAD Holdings asked a New Jersey bankruptcy judge Thursday to nix a roughly $18.7 million claim lodged by a New York-based credit union, saying the relevant lien has to do with property in a different bankruptcy.

  • September 24, 2026

    Real Estate Tech Co. Can Access $3M Of Ch. 11 Financing

    Bankrupt real estate technology company House Canary received interim approval Thursday in New Jersey court to access Chapter 11 financing being provided by an existing lender, freeing up $3 million in liquidity as the business pursues a 60-day plan confirmation track.

  • September 24, 2026

    Sears Ex-CEO Strikes $4.75M Deal To End Bankruptcy Suits

    The former CEO of Sears Holdings Corp., Edward S. "Eddie" Lampert, has reached a settlement with the Chapter 7 trustee liquidating Sears Hometown Stores Inc., a remnant of the former retail giant, that puts to rest litigation over the fall of the company.

  • September 24, 2026

    Lugano Diamonds Gets Official OK For Ch. 11 Liquidation Plan

    A Delaware bankruptcy judge Thursday confirmed Lugano Diamonds' Chapter 11 liquidation plan, after the jewelry house finalized a deal with its former CEO.

  • September 24, 2026

    1st Circ. Rejects Puerto Rico Bondholders' $8.5B Claim

    The First Circuit has upheld a ruling barring Puerto Rico electric utility bondholders from asserting an $8.5 billion claim against the island's government under its own restructuring plan.

  • September 23, 2026

    Conn. Panel Seeks Info On Intervenor Standing In Setoff Case

    A Connecticut appellate court has asked for more information about whether intervenors challenging caps that could cut millions of dollars of benefits in a state-managed rehabilitation of PHL Variable Insurance Co. are actual policyholders who have standing to be involved in an appeal.

  • September 23, 2026

    Real Estate Tech Co. Files Ch. 11 To Stave Off Foreclosure

    HouseCanary has filed for Chapter 11 in New Jersey seeking to stop a planned foreclosure auction that the real estate analytics and artificial intelligence company said threatened to "destroy" it.

  • September 23, 2026

    2nd Circ. Hints $7.25M Mansion Sale Stands In Guo's Ch. 11

    Second Circuit judges poked holes Wednesday in the claim that the wife of a bankrupt Chinese billionaire was in charge of a company that owned a contested $7.25 million Connecticut mansion, eliciting a concession from her attorney that there is evidence her husband was actually calling the shots.

  • September 23, 2026

    Spirit Airlines Gets OK To Sell 27 Planes For $668M In Ch. 11

    Spirit Airlines on Wednesday secured a New York bankruptcy judge's approval to sell 27 airplanes to two buyers for a combined $668 million.

  • September 23, 2026

    Gundlach Bundschu Winery Seeks Ch. 11 With $39M Debt

    Gundlach Bundschu Winery, which claims to be California's oldest continuously family-owned winery, filed for Chapter 11 bankruptcy relief Wednesday, as it seeks to restructure its more than $39 million in liabilities.

  • September 23, 2026

    Genesis Healthcare Reports Last-Minute Facility Sale Snags

    Genesis Healthcare and the winning bidder for its 175 nursing homes told a Texas bankruptcy judge Wednesday they have fallen into a disagreement over $100 million of the $1 billion purchase price with the deadline to close the sale a week away.

  • September 23, 2026

    Steel Distributor UPG Hits Ch. 11 In Illinois Seeking Sale

    Steel distributor UPG Enterprises has filed for Chapter 11 protection in Illinois in hopes of drumming up more interest in its sale process, the debtor said Wednesday.

  • September 22, 2026

    Lender's $8.1M In Losses Were 'Self-Inflicted,' 11th Circ. Told

    The former CEO of a lender that financed independent insurance marketers has urged the Eleventh Circuit to reverse an $8.1 million trial judgment for breaching his work terms, arguing that the damages sustained by his previous employer were "self-inflicted." 

Expert Analysis

  • Series

    Judges On AI: Examining Administrative, Organizational Uses

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    U.S. District Judge Alan Albright of the Western District of Texas examines how artificial intelligence could transform a court's ability to deal with administrative work and organize materials when preparing for hearings or drafting opinions, thereby affording judges more time to resolve contested issues.

  • FDIC Proposals Mark Pullback In Bank Resolution Rules

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    A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolution-related capabilities from a mandatory exercise to a voluntary one supported by significant financial incentives, amounting to an overall reduction in reporting requirements, say attorneys at Moore & Van Allen.

  • Series

    Being A Singer Makes Me A Better Lawyer

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    Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly everything I learned about preparation, humility, confidence and more has followed me into my legal practice, says Jessica Caterina at Moses & Singer.

  • $400M Serta Ruling Offers Warning On Uptier Deal Risks

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    A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and awarded $400 million to the minority lenders, demonstrates why deal counsel negotiating similar agreements should clearly define exceptions and lien subordination, while litigators should lean on express terms, says Jamie Aycock at Yetter Coleman.

  • Yellow Corp. WARN Act Appeal Refines Layoff Guidance

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    A Delaware federal court's recent upholding of a bankruptcy court's disallowance of unions' federal Worker Adjustment and Retraining Notification Act claims against Yellow underscores that fact-specific notices and thoughtful timing are essential for distressed companies implementing layoffs, say attorneys at King & Spalding.

  • Carbon Health Settlement Highlights Why Evidence Is Key

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    The California Attorney General's Office's first-of-its-kind settlement with Carbon Health, imposing penalties for alleged corporate practice of medicine violations, shows that friendly professional corporation challenges usually hinge not on the parties' management services agreement, but on whether the operational record matches it, says Ben Dubin at VC Expert Services.

  • Tips For Investors, Creditors Before Venezuela Restructuring

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    As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt restructurings in modern financial history, creditors should strategically evaluate their claim types and investors should consider engaging before formal negotiations commence, says Rodrigo Carvalho at Winston Taylor.

  • What PE Practitioners Need To Know About New Del. ABC Act

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    Delaware's new Assignment for the Benefit of Creditors statute represents a structural shift in how companies backed by private equity can be wound down and provides a more streamlined tool for managing sponsor liability without the public visibility of a bankruptcy proceeding, says Evelyn Meltzer at Troutman Pepper.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • How State, Local Rules Are Expanding Debt Collection Reach

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    Consumer protection rules recently enacted by several states signal that the rules of debt collection are being rewritten at a pace that should command the attention of every creditor, servicer, debt buyer, collection agency and collection law firm operating across state lines, says Weldianne Scales at Reed Smith.

  • How Ch. 11 Debtors Can Stop MCA Receivables Raids

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    Approximately 42 merchant cash advance lenders are involved in the recently filed Chapter 11 bankruptcy of SIMAD Holdings, illustrating that debtors-in-possession must work with committees to preserve the receivable stream before litigating priority, says attorney Kenneth Rosen.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • 5 Rulings Clarify Limits On Chapter 15 Public Policy Exception

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    Recent bankruptcy decisions from New York and Delaware federal courts distinguish between relief a U.S. bankruptcy court may grant in a domestic case and relief it may recognize under Chapter 15 of the Bankruptcy Code when a foreign court has entered the order, say attorneys at Pierson Ferdinand.

  • Opinion

    Congress Must Resolve Growing Subchapter V Uncertainty

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    Congress must pass a bill to permanently restore the Subchapter V debt limit and clarify several other key points of the law to prevent a practical restructuring tool from becoming a costly procedural morass, says Ted Gavin at Gavin Solmonese.

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