Bankruptcy

  • July 01, 2026

    Judge To Approve $40M Sale Of Texas A&M Data Center

    A Texas bankruptcy judge said Wednesday that he would approve a sale of a data and research center affiliated with Texas A&M University, RELLIS Campus Data and Research Center LLC, to AI software company ThisWay Global Inc. for $40 million.

  • July 01, 2026

    Genesis Beats JV Partner's Challenge To $1B Sale In Ch. 11

    A Texas bankruptcy judge has rejected an objection to Genesis Healthcare's $1 billion sale of its 175 nursing homes, ruling that a joint venture partner cannot scuttle the deal by invoking a partnership agreement for a Maryland nursing home.

  • July 01, 2026

    Troutman Adds Sidley Bankruptcy Pro In Dallas

    Troutman Pepper Locke has strengthened its bankruptcy and restructuring practice with a seasoned Dallas-based partner who came aboard from Sidley Austin LLP.

  • June 30, 2026

    Ex-SVB Exec Defends Bank's Risk Appetite In FDIC Trial

    Silicon Valley Bank's ex-chief financial officer defended SVB's risk appetite during a California federal bench trial Tuesday over the Federal Deposit Insurance Corp.'s claims the bank's brass mismanaged its assets, testifying SVB consistently received satisfactory regulatory ratings, took action to mitigate risks and received expert advice before SVB collapsed.

  • June 30, 2026

    DISH Hits Ch. 11 With $14B In Debt After AT&T Deal Is Delayed

    Video distribution entities owned by EchoStar Corp., including Dish TV and Sling TV, commenced prepackaged Chapter 11 cases in Texas late Tuesday with $14 billion of debt and a proposal to pay down existing debt from the proceeds of a spectrum asset sale to AT&T.

  • June 30, 2026

    Puerto Rico Oversight Board Pitches $3B Bond Settlement

    Puerto Rico's Financial Oversight and Management Board pitched a $3 billion settlement package to bondholders of the Puerto Rico Electric Power Authority, with an eye to finishing the power authority's bankruptcy, according to a news release Tuesday.

  • June 30, 2026

    Eletson Ex-Owners Ordered To Pay $296K In Fraud-Tainted Feud

    A New York federal judge has told the former majority owners of Eletson Gas to pay nearly $300,000 in sanctions after he vacated an underlying $102 million arbitration award over alleged fraud.

  • June 30, 2026

    Rhodium Seeks Sanctions Over Ch. 11 Patent Claim

    Bankrupt bitcoin miner Rhodium Encore on Tuesday asked a Texas bankruptcy judge to impose sanctions on cooling technology firm Midas Green Technologies, saying it spent more than $6 million fighting over Midas Green patent claims a district court judge had already dismissed.

  • June 30, 2026

    Gordon Rees Adds 8 Partners In Northern California

    Gordon Rees Scully Mansukhani LLP has expanded its offices in Northern California with eight new partners who have expertise in multiple practice areas, a firm spokesperson told Law360 Pulse on Tuesday.

  • June 30, 2026

    Camp Mystic Gets Initial OK To Pay Worker Wages In Ch. 11

    A Texas bankruptcy judge on Tuesday gave Camp Mystic permission to pay employee wages but declined to approve a $2,000 stipend for the president of one of the camp's affiliates, about a week after the summer camp operator entered Chapter 11 facing wrongful death claims from the families of campers who died in last year's Central Texas floods.

  • June 29, 2026

    Ex-SVB Exec Concedes 'Excessive Risks' As FDIC Trial Opens

    Silicon Valley Bank's former chief financial officer testified Monday during the first day of a California federal bench trial over the Federal Deposit Insurance Corp.'s claims that the bank's brass mismanaged its assets, acknowledging under examination SVB took on sustained "excessive risks" under the bank's own definition months before it collapsed.

  • June 29, 2026

    SF Archdiocese Reaches $395M Settlement Of Abuse Claims

    The Archdiocese of San Francisco and survivors of clergy sexual abuse have reached a $395 million settlement in principle that would resolve more than 500 lawsuits facing the bankrupt organization, the archdiocese said Monday.

  • June 29, 2026

    Harvey Gulf CEO Sued In Chancery Over Alleged Control Grab

    Black Diamond-affiliated investment funds sued Harvey Gulf International Marine Inc.'s chief executive and other major stockholders in the Delaware Chancery Court, alleging they improperly orchestrated a stock transfer that gave CEO Shane J. Guidry majority control of the offshore vessel company.

  • June 29, 2026

    Chinese Exile Guo Gets 30 Years For $1.4B Fraud

    Exiled Chinese businessman and dissident Miles Guo on Monday was sentenced to 30 years in prison, after a Manhattan federal jury convicted him of defrauding investors of more than $1.4 billion in connection with what prosecutors say was "a criminal enterprise built on lies."

  • June 29, 2026

    Yellow Corp. Dodges WARN Act Liability Over 2023 Layoffs

    Yellow Corp. suffered a major loss in its bankruptcy proceedings Monday when the U.S. Supreme Court preserved a finding that it owes billions in retirement payments, but the defunct trucking company notched a small win in Delaware federal court by skirting liability for a WARN Act violation.

  • June 29, 2026

    Asthma Drug Developer To Wind Down In Chancery Court

    A subsidiary of Rock Creek Advisors LLC created to administer the liquidation of an asthma drug developer to pay creditors notified Delaware's chancery court that the company turned to a wind-down after clinical trials came to a halt.

  • June 29, 2026

    King & Spalding Adds Another Proskauer Funds Co-Head

    King & Spalding LLP has hired another former practice leader from Proskauer Rose LLP amid its ongoing efforts to build out its fund finance capabilities, the firm announced Monday.

  • June 29, 2026

    IT Co. TPx Communications Hits Ch. 11 With $1.1B In Debt

    Information technology services provider TPx Communications filed for Chapter 11 protection Monday in a Texas bankruptcy court with a restructuring support agreement backed by the holders of the majority of its $1.1 billion in debt.

  • June 29, 2026

    Justices Won't Hear Highland Capital Ch. 11 'Gatekeeper' Case

    The U.S. Supreme Court said Monday that it will not hear Highland Capital's arguments for reversing a Fifth Circuit decision narrowing the claims releases and so-called gatekeeper provision in the bankrupt Texas investment fund's Chapter 11 plan.

  • June 29, 2026

    Justices Won't Review Yellow Corp. Ch. 11 Pension Liabilities

    The U.S. Supreme Court on Monday rejected defunct trucking giant Yellow Corp.'s appeal of a bankruptcy court decision that it owes billions of dollars in retirement fund withdrawal liability, despite a pandemic-era pension fund stimulus package.

  • June 26, 2026

    PACER Fees Will Rise To Fund Cyber Defense Upgrades

    The federal judiciary announced Friday it will temporarily increase the fees for electronic access to court records to pay for a potential $800 million upgrade that will modernize and strengthen court records systems PACER and CM/ECF, an upgrade it previously said is needed to respond to escalating cyberattacks.

  • June 26, 2026

    Summer Camps Get OK For Speedy Sale, Ch. 11 Funding

    Dozens of U.S. summer camps can race toward a sale after their bankrupt owner SIMAD Holdings won approval on Friday to solicit bids by July 17, over the strenuous objection of the largest unsecured creditor in the chaotic Chapter 11 case.

  • June 26, 2026

    Ex-Celsius Exec Fights For Share Of D&O Defense Fund

    A former executive for the bankrupt cryptocurrency firm Celsius Network has told a New York federal court that he is entitled to directors and officers liability coverage for his costs defending a criminal case in which he pled guilty to manipulating the price of the firm's crypto token.   

  • June 26, 2026

    Judge Stays Jackson Walker RICO Suit Over Sorrento Ch. 11

    A California federal judge has paused Sorrento Therapeutics shareholders' litigation after a Texas bankruptcy court ruled they lacked standing to pursue racketeering claims over a former Jackson Walker attorney's relationship with the judge who initially oversaw the biotech company's Chapter 11.

  • June 26, 2026

    First Brands Gets Retiree Committee In Ch. 11

    A Texas bankruptcy judge has authorized auto parts maker First Brands to form a committee of nonunion retirees for the debtor to negotiate with to downsize their life and health insurance benefits.

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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