Large Cap
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July 25, 2025
Altice France Wins Ch. 15 Recognition In $22B Case
A New York bankruptcy judge on Friday granted Chapter 15 recognition to telecommunications company Altice France SA, allowing it to enforce a roughly $22 billion French restructuring proceeding in the U.S.
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July 24, 2025
Judge Won't Block Exela Ch. 11 Plan For Claims Dilution Suit
A Texas bankruptcy judge Thursday declined to stop automation technology group Exela from exiting Chapter 11 next week, but said he would condition the over $1 billion debt-for-equity swap plan's effectiveness on a roughly 30% recovery rate for its general unsecured claims.
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July 24, 2025
Data Privacy A Growing Concern In Bankruptcies, Panel Says
A panel discussion hosted by the New York City Bar Association touched on data privacy in bankruptcy cases in the wake of 23andMe’s contentious Chapter 11.
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July 24, 2025
FTX Ends 6 Suits Over Political Donations In Ch. 11
Fallen cryptocurrency exchange FTX has agreed to dismiss adversary proceedings in Delaware bankruptcy court against six political organizations, lawsuits that were aimed at recovering roughly $28.75 million in donations made to the groups prior to FTX's bankruptcy.
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July 24, 2025
Under The Radar: Bankruptcy News You May Have Missed
The Chapter 11 trustee overseeing Chinese exile Miles Guo's bankruptcy won a $33 million mansion for the estate. An insolvent real estate investment firm in New Jersey launched an adversary action seeking to block a $21 million secured claim. And members of the U.S. House of Representatives introduced their version of legislation preventing treatment of DNA as an ordinary bankruptcy asset.
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July 24, 2025
Richards Layton Names Bankruptcy, Litigation Leaders
Delaware firm Richards Layton & Finger PA has named two partners who have each spent more than 20 years at the firm to serve as leaders of its bankruptcy and corporate restructuring and litigation departments.
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July 23, 2025
PREPA Bondholders Say Utility Swiped $2.9 Billion
The electric utility for Puerto Rico on Wednesday defended itself in New York bankruptcy court from allegations that it had improperly spent its revenues, which the bondholders claim as collateral for $8.5 billion worth of bonds.
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July 23, 2025
Imerys Insurers Say New Ch. 11 Plan Doesn't Fix Earlier Flaws
A group of insurance companies said the updated reorganization plans of Imerys Talc America and Cyprus Mines Corp. have not sufficiently addressed how foreign creditors are treated, an issue that halted an April confirmation hearing in Delaware.
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July 23, 2025
Yale Wins Bid To Keep $435M Hospital Sale Suit In State Court
A Connecticut federal judge has sided with Yale New Haven Health Services Corp., the state's largest hospital system, in sending a contract suit with a bankrupt hospital seller back to state court, finding that remand would best preserve court resources rather than transferring it to a bankruptcy judge in Texas.
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July 23, 2025
Stablecoin Law Risks Instability For Crypto Bankruptcies
Legislation enacted this past week to regulate payment stablecoins features some of the most significant changes to U.S. bankruptcy law in two decades, providing coinholders with first-priority claims in certain insolvency cases in a way that risks sowing dysfunction in bankruptcy proceedings, experts told Law360.
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July 23, 2025
Avon Ch. 11 Plan Needs 'Tweaks,' Judge Says
A Delaware bankruptcy judge told Avon on Wednesday that the wording of its Chapter 11 plan needs some work before he can approve it, finding the company's insurance carriers had raised objections worth addressing.
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July 23, 2025
Meet The Attys In Solar Panel Co. Meyer Burger Unit's Ch. 11
The U.S. manufacturing affiliate of Swiss solar panel maker Meyer Burger has tapped attorneys from the firm Richards Layton & Finger PA to lead its Chapter 11 case as it attempts to complete a speedy sale after facing industry headwinds and being unable to raise enough money to bring its two U.S. manufacturing sites up to capacity.
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July 22, 2025
States, Asbestos Claimants Seek Claim Purge Block In Del.
An attorney for companies embroiled in asbestos injury suits urged a Delaware vice chancellor Tuesday to block plans by asbestos bankruptcy claims trusts to begin routine destruction of exposure-related data, arguing that the move would cut off a potential last-resort source of information.
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July 22, 2025
Judge Rejects Bondholder Claim Against Puerto Rico
A New York federal judge found Tuesday the terms of Puerto Rico's debt restructuring plan bars holders of bonds issued by the island's public electric utility from lodging a claim against its government.
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July 22, 2025
NC Judge OKs $318M For Lindberg Victims From Asset Sale
A federal judge in North Carolina on Tuesday signed off on a special master's request to divvy up $318 million from the sale of one of convicted insurance mogul Greg Lindberg's most valuable assets to help pay back the insurance companies he is accused of defrauding.
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July 22, 2025
Judge Won't Stay Highland Ch. 11 Over Charity Fraud Probe
A Texas bankruptcy judge has refused to stay the Chapter 11 case of Highland Capital LP in whole or in part, denying a pair of requests from the state of Texas and from a trust affiliated with ex-CEO James Dondero after finding the reason for their requests irrelevant to the case.
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July 22, 2025
Azul Creditors Support Bankrupt Airline's $1.57B DIP Package
The creditors committee for Azul SA said Tuesday it supports the bankrupt Brazilian airline's $1.57 billion debtor-in-possession financing after securing concessions from the debtor's DIP lenders, including an increase in immediate funding.
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July 22, 2025
Catching Up With New Bankruptcy Case Action
A medical testing device manufacturer hit Chapter 11 in Texas with plans for a debt-equity swap. A pet care app firm entered bankruptcy in Delaware with hopes of completing a quick, prepackaged restructuring. And a work wear company filed a Chapter 11 petition in New Jersey, blaming its lender for its financial woes.
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July 22, 2025
Meet The Judge Joining the EDNY Bankruptcy Bench
Long Island bankruptcy attorney Sheryl P. Giugliano will be joining the bankruptcy bench for the Eastern District of New York, the U.S. Court of Appeals for the Second Circuit has announced.
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July 21, 2025
Avon, Insurers Spar At Ch. 11 Plan Hearing Over Talc Trust
Avon made its case Monday to a Delaware bankruptcy judge for its Chapter 11 liquidation plan, while insurers that issued policies to the cosmetics company alleged its proposal to pay talc injury claims through a trust funded by insurance coverage was unfair to them.
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July 21, 2025
Catching Up With Delaware's Chancery Court
Last week at the Delaware Court of Chancery, a major settlement between Meta Platforms Inc. and its investors reached on the proverbial courthouse steps during day two of a trial ended an $8 billion-plus suit accusing the company's directors and officers of breaching privacy regulations and corporate fiduciary duties tied to allegations dating to the Cambridge Analytica scandal more than a decade ago.
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July 21, 2025
Experts Urge Sub V Reform, Danimer Scientific To Exit Ch. 11
A group of judges and bankruptcy professionals pressed for changes to Subchapter V eligibility caps and student loan discharge rules. Meanwhile, BigLaw's dominance in bankruptcy continues, a shift that began with the 1978 Bankruptcy Reform Act. And Danimer Scientific's uncontested Chapter 11 liquidation plan moved forward following an asset sale. This is the week in bankruptcy.
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July 21, 2025
Reed Smith's Doc Block Motion 'Hyperbolic,' 2nd Circ. Told
Reed Smith LLP cannot block the new owners of reorganized Greece-based international shipping company Eletson from viewing files already in its possession, the company has told the Second Circuit, arguing the law firm's emergency motion to stop the new owners from accessing the files was intentionally timed to head off anticipated district court rulings.
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July 21, 2025
Top 4 Texas Cases To Watch: A Midyear Report
Several major cases are taking shape in the Lone Star State, including the Southwest Airlines Pilots Association's suit seeking to hold Boeing accountable for lost revenue after the 737 Max was grounded, as well as the continuing fallout of a former Houston judge's romance scandal that could cost a Texas firm millions of dollars. Here's a look at the top cases to watch in Texas through the rest of the year.
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July 21, 2025
Conn's Ch. 11 Plan Approved With Opt-Outs
A Texas bankruptcy judge on Monday confirmed the Chapter 11 plan of department store Conn's, overruling objections from the U.S. Trustee's Office that it contained improper release and exculpation provisions.
Expert Analysis
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5 Ways To Create Effective Mock Assignments For Associates
In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.
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8 Lessons Yellow Corp. Layoffs Can Teach Distressed Cos.
A Delaware bankruptcy court’s recent decision, examining trucking company Yellow Corp.’s abrupt termination of roughly 25,500 employees, offers financially distressed businesses a road map for navigating layoffs under the Worker Adjustment and Retraining Notification Act, say attorneys at King & Spalding.
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Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.
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Coaching Little League Makes Me A Better Lawyer
While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Lessons From Two New Year's Eve Uptier Exchange Decisions
On the last day of 2024, two different courts issued important decisions relating to non-pro rata uptier exchanges — and while they differ, both rulings highlight that transactions effected in reliance on undefined terms in debt agreements come with increased risk, say attorneys at Simpson Thacher.
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Playing Rugby Makes Me A Better Lawyer
My experience playing rugby, including a near-fatal accident, has influenced my legal practice on a professional, organizational and personal level by showing me the importance of maintaining empathy, fostering team empowerment and embracing the art of preparation, says James Gillenwater at Greenberg Traurig.
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No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
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5 E-Discovery Predictions For 2025 And Beyond
In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.
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7 Ways 2nd Trump Administration May Affect Partner Hiring
President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.
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E-Discovery Quarterly: Rulings On Custodian Selection
Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.
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Exercising On My Peloton Bike Makes Me A Better Lawyer
While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.