Residential solar technology company SunPower Corporation filed for Chapter 11 protection in Delaware with more than $2 billion of funded debt obligations and plans for an asset sale.
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THURSDAY, AUGUST 8, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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Solar Tech Co. SunPower Hits Ch. 11 With $2B Of Debt

By Rick Archer

Residential solar technology company SunPower Corporation filed for Chapter 11 protection in Delaware with more than $2 billion of funded debt obligations and plans for an asset sale.

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Aztec Fund Files For Ch. 11 With $100M In Liabilities

By Emily Lever

The Aztec Fund Holding Inc. has filed for Chapter 11 protection in Texas bankruptcy court, listing at least $100 million in liabilities.

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9th Circ. Kills Trustee Fee Refunds After Justices' Ruling

By Vince Sullivan

The Ninth Circuit on Tuesday reversed a district court decision that granted a partial refund of $600,000 in fees a tobacco distributor paid to the U.S. Trustee's Office, noting that the U.S. Supreme Court found in June that a disparity in fees paid by debtors in different jurisdictions was not to be remedied by returning overpayments.

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CHAPTER 11

World Of Beer Latest Dining Chain To Tap Ch. 11 Post-COVID

By Clara Geoghegan

World of Beer Bar & Kitchen, a restaurant chain known for its craft beer selection, filed for bankruptcy in Florida citing a pandemic hangover and outlining plans to close unprofitable locations and restructure some of its $30 million in debt while in Chapter 11.

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Genesis Seals Deal To End $600M Dispute With DCG

By Rick Archer

Defunct cryptocurrency services company Genesis Global on Tuesday ended a $600 million dispute with its parent company Digital Currency Group while saying it hopes other litigation against DCG can add to the $3 billion in assets it returned to customers last week.

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Highland, Co-Founder Battle Over $70M Debt In 5th Circ.

By Emlyn Cameron

Venture capital firm Highland Capital and a company owned by Highland co-founder James Dondero squared off before a Fifth Circuit panel on Tuesday, debating whether a jury was needed to weigh defenses against claims that he and his companies owe the VC firm more than $70 million.

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EXPERT ANALYSIS

Series

Teaching Scuba Diving Makes Me A Better Lawyer

As a master scuba instructor, I’ve learned how to prepare for the unexpected, overcome fears and practice patience, and each of these skills – among the many others I’ve developed – has profoundly enhanced my work as a lawyer, says Ron Raether at Troutman Pepper.

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LEGAL INDUSTRY

Audio

A New Take On 'Presumed Innocent' With Scott Turow

By Steven Trader

A staple of the legal thriller genre for nearly 40 years, Scott Turow’s bestselling novel and blockbuster movie "Presumed Innocent" returned to the screen this year as an eight-episode miniseries on Apple. In a spoiler-free conversation with Law360, the author discusses evolving his characters for their television debut and the lasting legacy of his most famous work.

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Quinn, Jenner Attys Tapped For Trump Shooting Inquiry

By Courtney Bublé

The Republican staff on the newly formed bipartisan task force to investigate the assassination attempt of former President Donald Trump includes Capitol Hill and legal veterans, among them attorneys from Quinn Emanuel Urquhart & Sullivan LLP and Jenner & Block LLP.

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Ex-Mayer Brown Atty Says Firm Retaliated After Her Cancer

By Hailey Konnath

A former Mayer Brown LLP attorney has accused the firm of refusing to accommodate her breast cancer diagnosis and instead retaliating against and eventually firing her, according to a suit filed in New York state court.

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Analysis

Google 'May Not Be So Lucky' Next Time Over Chat Deletions

By Bryan Koenig

Google's stunning antitrust loss in D.C. federal court Monday dealt another blow against its policies of letting internal chats delete automatically, and it came with a callout of its practice of training employees to avoid competition law "buzzwords."

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10th Circ. Won't Undo Atty Fees In $1.5B Syngenta Corn Deal

By Lauren Berg

The Tenth Circuit on Wednesday backed a Kansas federal judge's allocations of attorney fees to three law firms representing individual claimants in multidistrict litigation over Syngenta's genetically modified corn that was resolved by a $1.5 billion class settlement, finding that the firms' arguments strayed from the issue at hand.

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'Something Sketchy Was Going On,' Girardi Client Tells Jury

By Craig Clough

A man horribly injured in a gas explosion told a Los Angeles federal jury Wednesday that Tom Girardi lied to him for years about the true details of his civil settlement and withheld millions he was owed, but it took him years to figure out "something sketchy was going on."

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Bid For Ex-Judge's Phone Records Halted At Texas Hearing

By Catherine Marfin

A Texas bankruptcy judge shut down a bid from JCPenney's bankruptcy administrator to subpoena former Judge David R. Jones' cellphone records in a partially sealed hearing Wednesday in connection with Jones' secret romance with a onetime lawyer at Jackson Walker LLP.

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DOJ Urges DC Judge To Toss Special Counsel Tapes Fight

By Ali Sullivan

A lawsuit from House Judiciary Committee Republicans seeking to force the handover of audiotapes from President Joe Biden's interviews with special counsel Robert Hur is an "inter-branch dispute" that does not belong in federal court, the U.S. Department of Justice told a D.C. federal judge Tuesday.

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Khan 'Impermissibly Conflicted' In Cyber Probe, MGM Says

By Ali Sullivan

MGM Resorts International fought Wednesday to keep alive its lawsuit accusing the Federal Trade Commission of wrongly refusing to recuse chair Lina Khan from an investigation into the company's data security practices, arguing that its case involves core constitutional issues that belong in the D.C. federal court.

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Judge Hints No-Show Amazon, Apple Plaintiff May Testify

By Greg Lamm

A Washington federal judge suggested Wednesday that the original lead plaintiff in an antitrust suit accusing Amazon and Apple of restricting iPhone and iPad sales may need to testify despite his lawyers wanting to drop him from the case, questioning if it would be fair to let the plaintiff continue to dodge long overdue discovery demands.

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'Herculean' Efforts Warrant Max Fee, Debt Firm Trustee Says

By Daniel Connolly

A California bankruptcy trustee overseeing the failed debt relief law firm Litigation Practice Group has told the court he deserves the maximum fee amount and possibly a bonus due to the "herculean" efforts of himself and his colleagues — a statement that comes at a time when the bankruptcy estate appears to have little money to pay more than 2,500 creditors.

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LAW FIRMS IN TODAY'S NEWS

Cleary Gottlieb

DLA Piper

Davis Wright Tremaine LLP

Dinsmore & Shohl

Fox Rothschild

Girardi & Keese

Gray Reed

Gray Ritter

Hagens Berman

Hare Wynn

Jackson Walker LLP

Jenner & Block

Kirkland & Ellis

Krakower DiChiara

Litigation Practice Group

Marshack Hays

Mayer Brown

MoloLamken

Munsch Hardt

Norton Rose

Orrick Herrington

Pachulski Stang

Paul Byrd Law Firm

Quinn Emanuel

Rusty Hardin & Associates

Seward & Kissel

Shook Hardy

Shumaker Loop

Sidley Austin

Stinson LLP

Streusand Landon

Stueve Siegel

Susman Godfrey

Taylor Nelson Amitrano

Troutman Pepper

Weil Gotshal

Winston & Strawn

Winthrop Golubow

COMPANIES IN TODAY'S NEWS

Alvarez & Marsal Holdings LLC

Amazon.com Inc.

Apple Inc.

Aviation Capital Group

Axon Enterprise Inc.

Bank of America Corp.

Berkshire Hathaway Inc.

Blue Raven Solar LLC

Digital Currency Group Inc.

Epic Games Inc.

FTI Consulting Inc.

Fort Point Capital

George Washington University

Google LLC

Harvard University

Hearst Corp.

Investments Ltd.

J.C. Penney Co. Inc.

LinkedIn Corp.

MGM Resorts International

Martha Stewart Living Omnimedia Inc.

Microsoft Corp.

Moelis & Co.

NexPoint Capital Inc.

PG&E Corp.

Red Lobster Hospitality LLC

Sales Inc.

SunPower Corporation

Syngenta AG

T-Mobile US Inc.

The State University of New York

Toys R Us Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

City and County of San Francisco, California

Federal Trade Commission

International Monetary Fund

New York Attorney General's Office

U.S. Attorney's Office

U.S. Attorney's Office for the Central District of California

U.S. Bankruptcy Court for the District of Delaware

U.S. Bankruptcy Court for the Middle District of Florida

U.S. Bankruptcy Court for the Southern District of New York

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the Western District of Washington

U.S. House of Representatives

U.S. Supreme Court