Bankruptcy

  • August 14, 2026

    AIG Ex-Execs Win Ruling That Parent's FP Loan Was Equity

    American International Group's funding advances to one of its investment units was an equity infusion and not debt, a Delaware bankruptcy judge ruled Friday, handing a win to former executives who say they're owed deferred compensation funds that were depleted during the 2008 financial crisis.

  • August 14, 2026

    Tricolor Founder Can't Ax 'Infrequently Charged' Lead Count

    The founder and former CEO of bankrupt subprime auto lender Tricolor Holdings cannot dodge a criminal enterprise charge in federal prosecutors' case alleging a yearslong scheme to defraud the company's lenders and investors, a New York federal judge ruled on Friday.

  • August 14, 2026

    5th Circ. Backs Investment Co.'s Sanction In Highland Ch. 11

    The Fifth Circuit on Friday decided to keep in place an $826,000 sanction against NexPoint Real Estate Partners, finding "clear and convincing evidence" showed it filed and litigated a bad-faith claim in the Chapter 11 case of defunct hedge fund Highland Capital Management LP.

  • August 14, 2026

    NC County Sues Bankrupt Hospital Operator For $10M

    North Carolina's Martin County has sued CHS/Community Health Systems Inc. for $10 million in North Carolina federal court, alleging the company failed to honor its obligations to run Martin General Hospital after its affiliate filed for Chapter 7 in 2023.

  • August 14, 2026

    Cumulus Asks 2nd Circ. For Help With Nielsen Data Order

    Cumulus Media sought clarification Thursday from the Second Circuit on the timing of a district court order upheld last month barring Nielsen from conditioning access to national radio ratings data on buying Nielsen's local offerings, arguing that the ratings analytics company can't hold up obeying the injunction just because it's seeking reconsideration.

  • August 14, 2026

    Poolin Cleared To Pursue Asset Sale Amid Trustee Fight

    Cryptocurrency miner Poolin Technology can pursue a sale next month of its assets, a New Jersey bankruptcy judge said Friday, giving its stalking horse bidder time to also buy a neighboring property for an artificial intelligence data center in Texas.

  • August 14, 2026

    Disbarred Fla. Atty Blames Firm For Lost $40M Ch. 11 Claim

    A disbarred attorney has sued his former counsel for alleged malpractice in Florida state court, saying he lost money after his $40 million claim was left unsecured in a federal bankruptcy proceeding for his company.

  • August 14, 2026

    Rising Star: Paul Weiss' John Weber

    John Weber of Paul Weiss Rifkind Wharton & Garrison LLP advised global communications software firm Mitel's $1.3 billion restructuring and Roomba maker iRobot's prepackaged Chapter 11 restructuring, which equitized approximately $265 million in debt, earning him a spot among the bankruptcy law practitioners under 40 honored by Law360 as Rising Stars.

  • August 14, 2026

    Holland & Knight Loses Bid To Escape GWG Fraud Suit

    Holland & Knight LLP must face adversary claims in Houston bankruptcy court after a Texas federal judge found the trustee for bankrupt life insurance bond seller GWG Holdings Inc. had made a plausible case that the firm and one of its attorneys engaged in a racketeering conspiracy with its ex-chairman.

  • August 13, 2026

    'Jump Must Litigate': 7th Circ. Clarifies Arb. Enforcement Rule

    The Seventh Circuit rejected trading firm Jump Trading LLC's bid to arbitrate a putative securities class action Thursday, finding that courts, not arbitrators, must decide whether disputes belong in arbitration when the parties haven't signed an arbitration agreement, furthering a circuit split and holding that "Jump must litigate."

  • August 13, 2026

    Spirit Execs Ax Investor Suit Over Pre-Ch. 11 Claims, For Now

    A Florida federal judge dismissed a lawsuit accusing Spirit Airlines' current and former top brass of misleading investors about the budget air carrier's prospects amid two bankruptcy filings, saying Thursday that the challenged statements are either corporate "puffery" or otherwise nonactionable, but the plaintiffs can rework their complaint.

  • August 13, 2026

    777 Partners Gets New DIP Offer After Contentious Hearing

    Investment firm 777 Partners told a Texas bankruptcy judge on Thursday that it had received a competing offer to fund its Chapter 11 case, two days after the judge ended a hearing on the company's bankruptcy financing by imploring the debtors to come up with an alternative proposal.

  • August 13, 2026

    Wolfspeed Escapes Investor Suit Over 'Optimistic' Projections

    A North Carolina federal judge has thrown out a proposed class action lawsuit accusing chipmaker Wolfspeed Inc. of deceiving investors about demand for its products, saying that the claims in the suit amount to "fraud by hindsight."

  • August 13, 2026

    Israeli Company Must Face $30M Quinn Emanuel Fee Suit

    An Israeli company and its CEO must face Quinn Emanuel Urquhart & Sullivan LLP's suit seeking to collect payment of more than $30 million for legal work the firm performed to force the company to acquire the law firm's former client, a Massachusetts state court judge ruled.

  • August 13, 2026

    Lurin Judge Voices Doubts About Ch. 11 Plan

    A Texas bankruptcy judge Thursday declined to make a decision on the disclosure statement of an insolvent affiliate of real estate company Lurin LLC, saying he had doubts as to whether the debtor should proceed with a plan.

  • August 13, 2026

    Rising Star: Lowenstein Sandler's Colleen Restel

    Colleen M. Restel of Lowenstein Sandler LLP helped lead the charge of sex abuse claimants seeking redress in Catholic Church bankruptcies and represented creditors settling with TPI Composites Inc. in its Chapter 11, earning her a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 12, 2026

    9th Circ. Upholds Ex-ITT Students' $12M Loan Fraud Win

    The Ninth Circuit Wednesday affirmed a $12 million judgment to former students of bankrupt for-profit college ITT Education Services Inc., saying their RICO claims against student loan servicers weren't time-barred because evidence showed the students had no way of knowing they were being scammed more than four years before they filed suit.

  • August 12, 2026

    Trinseo Kicks Off Ch. 11 Trial As Creditors Feud Over LMEs

    Trinseo PLC and feuding creditor groups on Wednesday launched opening salvos at a hearing on the plastics maker's bid to trim about $2 billion in debt under a Chapter 11 plan, kicking off a trial in Texas bankruptcy court expected to span three days.

  • August 12, 2026

    Guo Daughter Asks Justices To Hear $60M Yacht, Escrow Row

    Exiled Chinese businessman Miles Guo's daughter has asked the U.S. Supreme Court to review decisions transferring a yacht that sold for $23 million plus a $37 million escrow fund to her father's Connecticut Chapter 11 estate, saying a Second Circuit ruling conflicts with decisions in several other circuits.

  • August 12, 2026

    Pittsburgh's Oldest Brewery Ends Ch. 11 As Sale Looms

    A Pennsylvania bankruptcy judge on Wednesday agreed to end a Chapter 11 case filed by Pittsburgh's purported oldest brewery, which claims there's no possibility of continued operation under its current ownership but that there is a property buyer on the horizon.

  • August 12, 2026

    BakerHostetler Faces Possible RICO Claim From Ex-Client

    A trustee who has accused BakerHostetler and an Atlanta-based attorney of legal malpractice has asked a Georgia federal court to allow him to accuse the former de facto general counsel and business adviser of a nonprofit of violating the Georgia RICO Act.

  • August 12, 2026

    Rising Star: Cleary's Thomas Kessler

    Thomas Kessler of Cleary Gottlieb Steen & Hamilton LLP guided airline Azul's Chapter 11 plan as counsel to the ad hoc secured creditor group that sponsored the plan, as well as helped crypto company Genesis repay customers in kind with cryptocurrency to generate $4 billion in creditor recoveries, earning him a spot among the bankruptcy practitioners under age 40 honored by Law360 as Rising Stars.

  • August 12, 2026

    Utility Project Co. Tetrad Enterprises Hits Ch. 11 In Puerto Rico

    Tetrad Enterprises LLC, a project development company focused on large-scale utility and infrastructure projects, filed for Chapter 11 bankruptcy protection in Puerto Rico for the second time since last year, amid litigation with creditors and disputes over its flood control pump contracts.

  • August 11, 2026

    Sidley Can Advise Genesis In Ch. 11 Suits, Judge Says

    A Texas bankruptcy judge ruled Tuesday that Sidley Austin LLP is eligible to act as counsel for nursing home company Genesis Healthcare in adversary lawsuits linked to its Chapter 11, finding Sidley could represent the debtor's special restructuring committee despite the work one of its lawyers did for another company at a different law firm.

  • August 11, 2026

    SEC, CFTC Sue Goliath Over $400M Crypto Ponzi Scheme

    The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission sued bankrupt cryptocurrency investment firm Goliath Ventures Inc. and its founder Tuesday claiming they orchestrated a $400 million cryptocurrency Ponzi scheme.

Expert Analysis

  • 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.

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • Attorney Mental Health Is An Ethical Obligation In The AI Era

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    As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

  • Series

    Power To The Paralegals: Burnout As A Structural Problem

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    Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.

  • A Framework For Volume Dispute Damages In Oil, Gas M&A

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    With every major upstream oil and gas consolidation in recent years having resulted in minimum volume commitment disputes, experts testifying in such litigation must use a five-step framework for calculating lost profits that accounts for the option structure embedded in the contract, says Robert Foss at Hinds Feat Advisors.

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