Bankruptcy

  • June 17, 2026

    Venezuela Wins Bid To Delay Hearing In Citgo Sale Case

    The Third Circuit has agreed to a two-month postponement of oral arguments in Venezuela's challenge of a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of the country's debt, days after Caracas announced that it was switching counsel.

  • June 17, 2026

    Medical Spa Investment Co. Files Ch. 11 With $10M+ Debt

    An investment management firm specializing in medical spas and medical aesthetics providers has filed for Chapter 11 protection in Delaware with $10 million to $50 million in debt.

  • June 16, 2026

    US Magnesium Creditors Get OK On Ch. 11 Liquidation Plan

    A Delaware bankruptcy judge Tuesday signed off on a Chapter 11 liquidation plan proposed by US Magnesium's unsecured creditors, overruling objections to the deal by the debtor's owner and Wells Fargo.

  • June 16, 2026

    Highpower Investor Seeks Receiver For Dissolved Battery Co.

    A former Highpower International Inc. stockholder has asked the Delaware Chancery Court to appoint a receiver to take control of the dissolved battery maker's remaining assets and affairs, arguing it stripped itself of valuable assets while an appraisal case was pending and may no longer be capable of addressing outstanding claims.

  • June 16, 2026

    Fla.'s Brightline Railway Gets Bond Payment Extension

    The Florida Development Finance Corp. has extended the term rate on $985 million in bonds borrowed by Brightline Florida Holdings LLC in relation to a project to expand passenger rail in the Sunshine State, according to a notice released Tuesday.

  • June 16, 2026

    Crypto Firm BlockFills Gets OK For $3.25M Ch. 11 Sale

    A Delaware bankruptcy judge on Tuesday agreed to approve the $3.25 million sale of cryptocurrency financial technology firm BlockFills to a Belgian digital asset investment group as BlockFills prepares for a Chapter 11 plan confirmation hearing.

  • June 16, 2026

    Texas Insurer Hits Ch. 11 With $134M Debt, Prepackaged Plan

    Insurance company Hallmark Financial Services has filed for Chapter 11 protection in Texas with a prepackaged plan to deal with nearly $134 million in debt with either a sale or an equity swap.

  • June 15, 2026

    Oakland Diocese Seeks OK For $180M Abuse Fund Ch. 11 Plan

    The Roman Catholic Diocese of Oakland on Monday asked a California bankruptcy judge to approve its $180 million Chapter 11 plan over the objections of sexual abuse claimants who argue the diocese can afford to give them a larger settlement.

  • June 15, 2026

    1st Circ. Says Puerto Rico Bankruptcy Doesn't Shield Officials

    The First Circuit ruled that Puerto Rico's financial restructuring does not protect government officials from being sued in their personal capacities for alleged civil rights violations, rejecting the arguments of the territory's financial oversight board.

  • June 15, 2026

    J&J Wants Talc MDL Tossed After Plaintiffs Withdraw Experts

    Johnson & Johnson urged a New Jersey federal court to toss all the pending cases in the sprawling multidistrict litigation alleging that its talc products caused ovarian cancer after the plaintiffs withdrew their two "marquee" experts on the link between the disease and talc use.

  • June 15, 2026

    Carlton Fields Pushes To Be Involved In Miss America Hearing

    Carlton Fields pushed back Monday on a request from the CEO of Miss America and companies linked to the pageant to bar a firm attorney from a status conference in their litigation over Miss America's bankruptcy and filed a motion to intervene in the case.

  • June 15, 2026

    NYC's Simry Realty Hits Ch. 11 In Midst Of Family Feud

    Simry Realty Corp., a company controlled by the Haruvi family that co-owns several apartment buildings in Manhattan, has filed for Chapter 11 protection in New York with up to $100 million in debt, saying a dispute with the daughter of developer Arthur Haruvi has blocked its reorganization and threatened its properties.

  • June 15, 2026

    California Soda Ash Miner Hits Ch. 11 With $85M Secured Debt

    A California soda ash and borate mining operation filed for Chapter 11 protection Monday in Delaware bankruptcy court with $85.5 million of secured debt and plans to sell its assets.

  • June 12, 2026

    2nd Circ. Backs Bankman-Fried's 25-Year Fraud Conviction

    The Second Circuit on Friday upheld Sam Bankman-Fried's conviction and an $11 billion forfeiture order in an opinion that found the ex-CEO's claims that he could have made FTX customers whole didn't matter in the face of the government's "robust" evidence of his role in the fraud that felled the cryptocurrency exchange.

  • June 12, 2026

    Detroit Tried To Seize Project, Developer Says In Suit

    A development company that sought to revive a 38-acre Detroit hospital campus and transform it into a $148 million commerce and innovation hub has filed a complaint in Michigan bankruptcy court claiming the city of Detroit and the Detroit Land Bank Authority are unlawfully obstructing the project and trying to reclaim the parcel for political reasons.

  • June 12, 2026

    Auto Parts Co. First Brands Spared Ch. 7 Conversion

    A Texas bankruptcy judge on Friday allowed auto parts maker First Brands to send the fifth version of its Chapter 11 plan out for a vote, denying a U.S. trustee motion to scuttle the plan and dismiss or convert the case to a Chapter 7.

  • June 12, 2026

    Jane Street Used Tips To Dodge Losses, Terraform Says

    The administrator for bankrupt cryptocurrency company Terraform Labs has urged a New York federal court not to dismiss his suit against trading firm Jane Street over claims the firm used confidential information to profit from Terraform's collapse, arguing that it is liable as an insider and a tippee.

  • June 12, 2026

    9th Circ. Judge Doubts Google Rival's 'Broad' Antitrust Suit

    A Ninth Circuit judge appeared skeptical Friday of efforts to revive allegations that Google harmed market competition for digital advertising by booting a now-defunct advertising app from its Play Store, saying Google has many rivals in the "very broad" proposed market and asking the plaintiff, "So what's the injury?"

  • June 12, 2026

    Texas Court Urged To Keep Judge Romance Suit Alive

    In multiple filings, EJS Investment Holdings LLC has asked a Texas federal judge to reject attempts by former U.S. Bankruptcy Judge David Jones and other parties to dismiss its proposed class action over his secret romance with a former Jackson Walker LLP partner.

  • June 12, 2026

    Sleep Number Hits Chapter 11 With $415M Sale Offer

    Personalized mattress retailer Sleep Number Corp. filed for Chapter 11 protection Friday in New York to quickly sell its assets, citing macroeconomic challenges and a chaotic tariff landscape over the last year.

  • June 11, 2026

    Lenders Spar Over First Brands Inventory Liens In Ch. 11

    A secured lender to bankrupt auto parts-maker First Brands Group told a Texas judge on Thursday that it has senior liens on inventory that served as loan collateral for a subsidiary of the debtor, and asked for the imposition of an injunction that would keep the proceeds of inventory sales from being distributed.

  • June 11, 2026

    Venezuela Turns To Greenberg Traurig In Citgo Sale Appeal

    Venezuela has tapped heavyweight lawyers from Greenberg Traurig LLP as its new counsel in a Third Circuit appeal challenging a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of the country's debt.

  • June 11, 2026

    23andMe To Pay $46.7M To Resolve Data Breach Claims

    The plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe has struck a deal to pay $46.7 million to data breach claimants, saying the move brings 23andMe one step closer to resolving the fallout of a massive data breach in 2023.

  • June 11, 2026

    NY Power Plant Hits Chapter 11 After Nixing Revamp Plans

    Danskammer Energy, a Hudson Valley power plant operator, filed for Chapter 11 bankruptcy in Delaware, nearly two years after it pulled the plug on redevelopment plans that faced legal challenges and community pushback.

  • June 11, 2026

    Miss America CEO Wants Ex-Atty Barred From Court

    The CEO of Miss America and companies linked to the pageant asked a Florida federal court on Thursday to bar their former counsel Carlton Fields from a status conference in their litigation over Miss America's bankruptcy, arguing the firm is not a party and is no longer counsel of record.

Expert Analysis

  • Perspectives

    Nursing Home Abuse Cases Face 3 Barriers That Need Reform

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    Recent headlines reveal persistent gaps in oversight and protection for vulnerable residents in long-term care, but prosecution of these cases is often stymied by numerous challenges that will require a comprehensive overhaul of regulatory, legal and financial structures to address, says Veronica Finkelstein at Wilmington University.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

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    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • Considerations When Invoking The Common-Interest Privilege

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    To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

  • Series

    The Law Firm Merger Diaries: Making The Case To Combine

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    When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.

  • Opinion

    Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

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    Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.

  • Rule Amendments Pave Path For A Privilege Claim 'Offensive'

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    Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.

  • Series

    My Miniature Livestock Farm Makes Me A Better Lawyer

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    Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.

  • Litigation Funding Could Create Ethics Issues For Attorneys

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    A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.

  • E-Discovery Quarterly: Recent Rulings On Dynamic Databases

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    Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

  • Drafting For Distress: D&O Policy Tips Ahead Of Ch. 11 Filings

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    Considering recent bankruptcy statistics and the economic climate, now is a good time for companies to revisit their directors and officers liability insurance coverage, as understanding how these programs are structured and which terms matter at placement or renewal can materially improve protection for leaders of a distressed company, say attorneys at Reed Smith.

  • Series

    Building With Lego Makes Me A Better Lawyer

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    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

  • Series

    Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

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