Bankruptcy

  • January 23, 2026

    6th Circ. Won't Revive Bread Financial Investors' Suit

    The Sixth Circuit won't resuscitate investor claims against the company now known as Bread Financial Holdings Inc., finding that the suit didn't show how shareholders were misled or defrauded leading up to a corporate spin-off that ended in bankruptcy.

  • January 23, 2026

    Coinbase Moves To End Suit Over SEC, 'Bankruptcy' Warnings

    Coinbase and its top brass have again urged a New Jersey federal judge to toss a class action alleging the cryptocurrency exchange misled investors about its regulatory risks and bankruptcy concerns, arguing investors were given enough notice about a U.S. Securities and Exchange Commission investigation and that new Third Circuit rulings undercut the suit's claims.

  • January 23, 2026

    New Zynex Leaders Acknowledge Fraud Arrests Of Ex-Execs

    Corporate leaders of bankrupt medical device maker Zynex Inc. said that they were aware of the federal arrests and indictments of the company's former CEO and chief operating officer earlier in the week but that they are no longer employed by the business and have been removed from any position they previously held.

  • January 23, 2026

    Saks Gets OK To Start Liquidating Online Unit's Inventory

    A Texas bankruptcy judge gave one of Saks' online affiliates permission to get the ball rolling on an inventory liquidation after the retailer said a quick sale is needed to meet its lenders' terms for allowing it to use cash collateral.

  • January 23, 2026

    Anthology Gets OK For Reorg Plan After Creditor Deal

    Education technology group Anthology got approval Friday for a revised Chapter 11 reorganization plan that includes a deal with unsecured creditors partially paid for by the settlement of a prepetition suit against a lender.

  • January 22, 2026

    Pa. Justices Say Chester Can't Move Utility Assets Alone

    The Supreme Court of Pennsylvania has declared that the city of Chester lost the ability to single-handedly reclaim the assets of its water utility when the composition of the authority's board changed.

  • January 22, 2026

    SpaceX Eyes IPO, Spirit Mulls PE Owner, And Other Rumors

    Elon Musk's SpaceX is putting together a group of Wall Street investment banks for a potential IPO, Spirit Airlines is in talks with investment firm Castlelake to help lead it out of bankruptcy, and OpenAI CEO Sam Altman looks to the Middle East to potentially raise tens of billions of dollars. 

  • January 22, 2026

    Brooklyn Apartments Hit Ch. 11 Amid Mortgage Default

    Three Brooklyn apartment buildings — containing roughly 150 units and collectively owing about $23 million in unpaid mortgage debt, interest and fees — have filed for Chapter 11 protection in New York bankruptcy court.

  • January 22, 2026

    Roomba Maker IRobot Gets Ch. 11 Plan Approved

    A Delaware bankruptcy court Thursday gave final confirmation of a Chapter 11 plan proposed by iRobot Corp., the maker of the Roomba robot vacuum, that calls for eliminating $257 million in debt and transferring ownership of the company to its secured creditor.

  • January 22, 2026

    Cadwalader Fund Finance Partner Joins King & Spalding

    A Cadwalader Wickersham & Taft LLP partner has moved to King & Spalding LLP's finance and restructuring practice group ahead of his former firm's planned merger with Hogan Lovells.

  • January 22, 2026

    Nevada Solar Project Files Ch. 11 For 2nd Time In 5 Years

    A Nevada solar project is seeking Chapter 11 protection in a Delaware bankruptcy court with more than $180 million in debt, saying the same technical issues that sent it into bankruptcy in 2020 have kept it from operating at full power.

  • January 21, 2026

    BCBS Says Bankrupt Hospital Can't Leave $3B Antitrust Deal

    Blue Cross Blue Shield is opposing a bankrupt Alabama hospital's bid to opt out of a $2.8 billion antitrust class action settlement to pursue its own claims in bankruptcy court, arguing the hospital has no excuse for missing the deadline.

  • January 21, 2026

    Willkie Hires Chicago Restructuring Partner From Kirkland

    Willkie Farr & Gallagher LLP has announced it has engaged an attorney from Kirkland & Ellis LLP to join the firm as a partner based in its Chicago office, where it anticipates he will make a successful contribution to a growing corporate restructuring platform.

  • January 21, 2026

    Experts Can Testify On Cancer Link In J&J Talc Suits

    A special master has said experts for the tens of thousands of women whose suits in New Jersey federal court allege that Johnson & Johnson talc products caused their ovarian cancer can testify at trial about the causal connection between their disease and use of the products.

  • January 21, 2026

    CFIUS Review Could Delay IRobot Ch. 11 Deal, DOJ Warns

    The Department of Justice has notified the Delaware bankruptcy court that an evaluation of Roomba maker iRobot's proposed Chapter 11 plan transactions by the Committee on Foreign Investment in the U.S. could postpone those deals on the eve of a plan confirmation hearing.

  • January 21, 2026

    Anthology Lender Says It Should Get Indemnity In Ch. 11 Plan

    A creditor of Anthology Inc. has asked a Texas bankruptcy judge to reject the educational technology company's Chapter 11 plan, saying it doesn't provide for money Anthology owes for the creditor's defense against a suit launched by an Anthology affiliate.

  • January 21, 2026

    Jefferies Steered Feds To $200M Water Ponzi Case, Judge Told

    Two men charged in connection with an allegedly massive water-vending Ponzi scheme were investigated after counsel for investment giant Jefferies — one defendant's former employer — walked the case into the Manhattan U.S. attorney's office, a federal judge heard Wednesday.

  • January 21, 2026

    Revised Imerys Ch. 11 Plan Heading For Feb. 2 Hearings

    Imerys Talc, Cyprus Mines and some of their insurance carriers on Wednesday gave a preview of upcoming confirmation hearings on a joint Chapter 11 plan, with the talc companies arguing before a Delaware bankruptcy judge that the revised plan sufficiently protects insurer rights.

  • January 20, 2026

    Law360 Names Firms Of The Year

    Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11-figure merger deals.

  • January 20, 2026

    SF Diocese's Ch. 11 Abuse Claims Not Covered, Insurers Say

    The Archdiocese of San Francisco knew or should have known about sexual abuse allegations against its clergy dating back decades, two insurance companies have argued in a California bankruptcy court lawsuit over policy coverage.

  • January 20, 2026

    9th Circ. Revives Malpractice Suit Against Bankruptcy Atty

    The Ninth Circuit Tuesday reinstated a California woman's malpractice lawsuit against her bankruptcy attorney, but said the bankruptcy court needs to significantly narrow the permission to sue it granted to the debtor.

  • January 20, 2026

    FTX Trust Hit With Sanctions After Ch. 11 Donation Fight Loss

    The FTX Recovery Trust is facing sanctions after losing its bid to claw back a $650,000 bonus given to an employee of the defunct cryptocurrency exchange that was earmarked for charitable purposes, with a Delaware bankruptcy judge saying the trust's efforts were harmful to all parties involved.

  • January 20, 2026

    McDonald Hopkins Forms Practice Group For Law Firm MSOs

    Midwestern firm McDonald Hopkins LLC announced Tuesday that it has launched a practice group focused on handling deals between law firms and prospective private equity investors, which the firm said is a natural extension of its work on litigation funding deals and private equity investment in other professional services.

  • January 20, 2026

    Justices Set Time Limit To Ax Judgments, Ending 11-1 Split

    Almost every circuit court has wrongly allowed litigants to vacate invalid judgments regardless of how long ago the judgments became final, the U.S. Supreme Court ruled Tuesday, endorsing one circuit's outlier interpretation of a decades-old procedural rule.

  • January 16, 2026

    Law360 Names Practice Groups Of The Year

    Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2025, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.

Expert Analysis

  • Opinion

    Asbestos Trusts' Records Purge Threatens Claims Process

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    Recent announcements by 11 asbestos bankruptcy trusts that they plan to destroy legacy data and documents related to resolved claims risks further damage to the integrity of a compensation system long marked by a lack of oversight and transparency, says Peter Kelso at Roux.

  • Series

    Volunteer Firefighting Makes Me A Better Lawyer

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    While practicing corporate law and firefighting may appear incongruous, the latter benefits my legal career by reminding me of the importance of humility, perspective and education, says Nicholas Passaro at Ford.

  • As SEC, CFTC Retreat, Who Will Police The Crypto Markets?

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    As the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission pull back from policing the crypto markets, the Federal Trade Commission and Consumer Financial Protection Bureau have the authority to pick up the slack — although recent events raise doubts that they will do so, say attorneys at Skadden.

  • E-Discovery Quarterly: The Perils Of Digital Data Protocols

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    Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.

  • Series

    Law School's Missed Lessons: Preparing For Corporate Work

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    Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.

  • A Cold War-Era History Lesson On Due Process

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    The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.

  • Series

    Improv Makes Me A Better Lawyer

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    Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.

  • How BigLaw Executive Orders May Affect Smaller Firms

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    Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.

  • Opinion

    Lawsuits Shouldn't Be Shadow Assets For Foreign Capital

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    Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • How To Accelerate Your Post-Attorney Career Transition

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    Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.

  • Series

    Law School's Missed Lessons: Be An Indispensable Associate

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    While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.

  • 23andMe Case Highlights Privacy Complexities In Ch. 11

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    Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.

  • Series

    Birding Makes Me A Better Lawyer

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    Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.

  • Series

    Adapting To Private Practice: From DOJ Leadership To BigLaw

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    The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.

  • Law Firm Executive Orders Create A Legal Ethics Minefield

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    Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.

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