Large Cap
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December 12, 2025
Azul's Opt-Out Releases Will Be Approved, Judge Signals
A New York bankruptcy judge said Friday he would toss an objection the U.S. Trustee's Office had raised against Brazilian airline Azul's third-party releases, clearing a key hurdle to confirmation of the debtor's plan to cut more than $2 billion of debt under a Chapter 11 plan.
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December 11, 2025
Modivcare Clashes With Committee Over Ch. 11 Plan Approval
Medical transportation company Modivcare entreated a Texas bankruptcy judge on Thursday to approve its Chapter 11 reorganization while the official committee of unsecured creditors contended the plan was fatally flawed based on a lowball valuation.
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December 11, 2025
Judge Rejects Genesis Sale, Plans Auction Reset
A Texas bankruptcy judge decided Thursday she would restart the auction process in the bankruptcy of nursing home company Genesis Healthcare Inc., saying she wasn't convinced the first attempt had been fair.
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December 11, 2025
Fla. Judge OKs Ch. 11 Plan For $1.7B Miami High-Rise Plot
A Florida bankruptcy judge has confirmed the Chapter 11 plan for the owners of a prized piece of land proposed for a high-rise construction along the skyline of downtown Miami that could be worth more than $1 billion once redeveloped.
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December 11, 2025
Judge Probes Alleged Fake Docs In Miss America Dispute
A Florida federal judge said Thursday that he wants to get to the bottom of the authenticity of operating agreements for two companies associated with the Miss America pageant filed in court in a $500 million dispute over the ownership of the competition.
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December 11, 2025
'Totally Unacceptable': Alsup Rips Feds In Student Loan Deal
U.S. District Judge William Alsup on Thursday denied the U.S. Department of Education's request for an 18-month extension to process over 200,000 loan cancellation applications for students claiming they were defrauded by colleges they attended, calling it "totally unacceptable" and setting an April deadline to get the job done.
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December 11, 2025
Under The Radar: Bankruptcy News You May Have Missed
Democratic lawmakers urged a Texas bankruptcy judge to appoint an examiner to look into Genesis Healthcare's proposed sale, a Delaware bankruptcy judge said damages against the founder of Indian tech giant Byju's will be considered in January, and a New York federal judge said pretrial proceedings in a clawback action against 174 former customers of crypto platform Celsius Network belong in bankruptcy court.
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December 11, 2025
Ga. Dorm Operator Gets Approval For Ch. 11 Sale Plan
A Delaware bankruptcy judge Thursday approved the Chapter 11 plan for the operator of the dormitories at eight Georgia public university campuses, overruling an objection to the claims releases in the plan.
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December 11, 2025
Meet The Incoming SDNY Bankruptcy Judge Shireen Barday
A commercial litigator who has represented a long list of clients in complex cases — from Lehman Brothers, Facebook, institutional investors and drug developers to LGBTQ+ rights organizations in high stakes appellate cases — will join the bankruptcy bench in New York early next year.
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December 11, 2025
Azul Narrows Opt-Out Releases In Bid To Beat US Trustee
Brazilian airline Azul SA told a New York bankruptcy judge Thursday he should overrule an objection by the U.S. Trustee's Office to its proposed third-party releases and approve its bid to trim more than $2 billion in debt under a Chapter 11 plan, saying the releases are clearly permissible now that they don't bind creditors who failed to vote on the plan.
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December 11, 2025
Terraform Founder Gets 15 Years For 'Epic' $40B Crypto Scam
A Manhattan federal judge hit Terraform founder Do Kwon with a 15-year prison sentence Thursday, saying he caused "real people to lose $40 billion in real money" as he orchestrated a massive fraud that sunk the once high-flying crypto concern.
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December 11, 2025
Chancery Skeptical Of B. Riley Investors' Investment Loss Suit
A vice chancellor in the Delaware Chancery Court on Thursday pressed the lawyer for a B. Riley Financial Inc. stockholder to justify Caremark oversight claims tied to the investment firm's failed bets on the Franchise Group Inc., repeatedly questioning whether the complaint plausibly alleged bad faith board inaction rather than business judgment disagreements.
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December 10, 2025
Genesis Parties Trade Barbs Over Bitter Ch. 11 Sale Dispute
Bankrupt nursing home company Genesis Healthcare Inc. and its proposed asset purchaser on Wednesday traded accusations with parties objecting to the deal at the first day of a multipart sale hearing in the debtor's Chapter 11 case, with each side claiming the other is backing an inferior bid.
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December 10, 2025
Meet The Attys Steering Canadian Gas Co.'s Ch. 15
A team of attorneys from Pachulski Stang Ziehl & Jones LLP is guiding Canacol Energy Ltd., a Canadian company that drills for and explores natural gas in Colombia, through the Chapter 15 pipeline.
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December 10, 2025
Modivcare Creditors Question Calculations At Ch. 11 Plan Trial
Financial advisers to Modivcare's unsecured creditors' committee told a Texas bankruptcy judge on Wednesday they believe the healthcare transportation and technology company's estimates of its value and future earnings are too cautious.
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December 10, 2025
Parish Ch. 11 Buys NY Archdiocese Time To Settle Abuse Suits
Rising legal pressures stemming from child sex abuse claims led the Church of the Immaculate Heart of Mary to file for Chapter 11 bankruptcy, a move intended to pause litigation while the Archdiocese of New York — which is leading broader settlement talks and has announced plans to raise $300 million to compensate survivors — pursues a global resolution.
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December 10, 2025
2nd Circ. Urged To Nix Yacht, $37M Escrow From Guo Ch. 11
The daughter of Chinese exile Miles Guo on Wednesday asked the Second Circuit to reverse bankruptcy and district court decisions awarding a yacht and a $37 million support account to her father's Chapter 11 estate, saying those courts improperly relied upon a state court decision when issuing quick wins.
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December 10, 2025
VC Apple Tree Hits Ch. 11 After Row With Russian Billionaire
Biotechnology investor Apple Tree Life Sciences Inc. and affiliates filed for Chapter 11 protection in Delaware bankruptcy court, days after a Chancery Court judge ordered a Russian billionaire who partnered with the fund to cough up $97 million that Apple Tree demanded to support its struggling medical companies.
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December 09, 2025
Nylon Maker Ascend Secures OK For Ch. 11 Plan
A Texas bankruptcy judge agreed Tuesday to approve the Chapter 11 plan of nylon manufacturer Ascend Performance Materials, commending the debtor on reaching a largely consensual restructuring proposal eight months after its free-fall bankruptcy filing.
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December 09, 2025
Judge Will OK Church Wages In Ch. 11 Seeking Claims Halt
A New York bankruptcy judge said Tuesday he would grant interim approval to first day relief including permission to pay wages in a Chapter 11 case the Church of the Immaculate Heart of Mary began to pause abuse claims as its archdiocese tries to hash out a larger resolution.
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December 09, 2025
FTX Customers Seek Final OK For $10M Deal With Silvergate
Customers of failed crypto exchange FTX asked a California federal judge to give final approval to a $10 million settlement resolving claims that Silvergate Bank and its parent company enabled the multibillion-dollar FTX fraud, saying the deal represents the best, and likely only, meaningful recovery available from the now-bankrupt lender.
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December 09, 2025
Pine Gate Secures $1.6B Ch. 11 Financing Amid Creditor Deals
A Texas bankruptcy judge said Tuesday he would give final approval to more than $1.6 billion of Chapter 11 funding for solar energy developer Pine Gate Renewables, after the debtor reached several settlements with key creditors.
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December 09, 2025
Post-COVID Slump Put American Signature Furniture In Ch. 11
A post-pandemic sales slump, compounded by a weak housing market, high interest rates, tariffs and rising inflation, led home furnishing retailer American Signature Furniture Inc. to file for Chapter 11 protection.
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December 09, 2025
Expert Invoices Discoverable In J&J Talc MDL, Judge Says
A New Jersey federal judge said Monday that the plaintiffs steering committee can receive invoices for Johnson & Johnson's experts' work relating to multidistrict litigation alleging the use of talcum powder caused ovarian cancer and mesothelioma, but only after it produces its own expert invoices.
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December 09, 2025
US, UK Duo Named Cadwalader Restructuring Chairs
Cadwalader Wickersham & Taft LLP announced Tuesday that it has named a pair of experienced partners based in London and in New York and Washington, D.C., to lead the firm's financial restructuring practice.
Expert Analysis
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Legal Ethics Considerations For Law Firm Pro Bono Deals
If a law firm enters into a pro bono deal with the Trump administration in exchange for avoiding or removing an executive order, it has an ethical obligation to create a written settlement agreement with specific terms, which would mitigate some potential conflict of interest problems, says Andrew Altschul at Buchanan Angeli.
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Cannabis Deregulation Raises Bankruptcy Access Questions
Attorneys at Thompson Coburn explore why cannabis companies have been historically prohibited from filing for bankruptcy, certain exceptions to the general rule, and the potential effects of federal deregulation on such companies' bankruptcy eligibility.
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Playing Football Made Me A Better Lawyer
While my football career ended over 15 years ago, the lessons the sport taught me about grit, accountability and resilience have stayed with me and will continue to help me succeed as an attorney, says Bert McBride at Trenam.
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10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks
The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month's Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer agreements for resolving attorney-client disputes, says Christopher Blazejewski at Sherin and Lodgen.
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Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach
A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clear regardless of a lienholder's objection signals a practical approach and a recalibration of the balance between debtor flexibility and creditor protections, say attorneys at Eversheds Sutherland.
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Power To The Paralegals: The Value Of Unified State Licensing
Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.
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Administrative Disaster At Bankruptcy Courts May Be In Sight
If, as a result of voluntary resignations or terminations, the professional staff of the U.S. Trustee's Office is depleted, it will undoubtedly cause a slowdown in the administrative process for the significant majority of bankruptcy cases, says Charles Tatelbaum at Tripp Scott.
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An Unrestrained, Bright-Eyed View Of Legal AI's Future
Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.
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Tracking The Evolution In Litigation Finance
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
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Law School's Missed Lessons: Preparing For Corporate Work
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.
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A Cold War-Era History Lesson On Due Process
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.
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Improv Makes Me A Better Lawyer
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.
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How BigLaw Executive Orders May Affect Smaller Firms
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.