Mid Cap
-
June 06, 2025
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy judges will hear arguments on approving the Chapter 11 plans of nursing facility operator Petersen Health Care and investment group The Aztec Fund, decide if satellite communications company Ligado Networks can send out its plan for a creditor vote, and determine if life insurance bond seller GWG Holdings can settle claims against directors for allegedly diverting company funds.
-
June 06, 2025
US Trustee Challenges Releases In Tommy's Boats Ch. 11 Plan
The U.S. Trustee's Office has asked a Texas bankruptcy judge to reject the Chapter 11 plan floated by a boat and water sports retailer known as Tommy's Boats, arguing it contains nonconsensual third-party releases that violate the Bankruptcy Code and the U.S. Supreme Court's Purdue Pharma ruling.
-
June 06, 2025
The Supreme Court's Week: By The Numbers
An undivided U.S. Supreme Court issued five unanimous rulings this week, weighing in on the burden majority-group plaintiffs must meet in discrimination cases, what counts as a religious organization for purposes of an employment tax exemption, and whether Mexico can sue American gun companies for their alleged role in cartel violence. Here, Law360 Pulse takes a data-driven dive into the week that was at the U.S. Supreme Court.
-
June 06, 2025
Med Tech Co. Accelerate Diagnostics Can Tap $20M DIP Loan
A Delaware bankruptcy judge has granted final approval for medical technology company Accelerate Diagnostics' $20 million debtor-in-possession financing, which is backed by lenders, including its stalking horse bidder.
-
June 06, 2025
NJ Firm Says It Has No Business Being Sued In Louisiana
New Jersey-based Porzio Bromberg & Newman PC asked a Louisiana federal judge to dismiss a doctor's suit accusing the firm of driving him into bankruptcy, arguing that there's no jurisdiction that would justify continued litigation in the state.
-
June 05, 2025
Under The Radar: Bankruptcy News You May Have Missed
A technology platform for startups is hoping to mediate a string of legal disputes with a creditor and former business partner in its Chapter 11. The Church of Jesus Christ of Latter-day Saints urged a Delaware bankruptcy judge to enforce the Boy Scouts of America's Chapter 11 channeling injunction, saying it has been forced to defend itself from released claims. And ExxonMobil objected to a biofuel startup's Chapter 11 auction proposal, asserting that it has rights to certain intellectual property up for sale.
-
June 05, 2025
Pa. City's Receiver Asks Court To Rein In Stormwater Board
The receiver for the bankrupt city of Chester, Pennsylvania, told a state court Thursday that the city-created stormwater authority and its board of directors violated their charter and state law by expanding the board and paying the elected officials who were on it.
-
June 05, 2025
Ch. 11 Filings Surge Amid High Costs, Economic Uncertainty
New commercial Chapter 11 cases surged 62% in May compared to the previous month, climbing to 733 from 453 in April, as businesses continue to grapple with high borrowing costs and ongoing economic uncertainty, new data released by Epiq AACER and the American Bankruptcy Institute showed.
-
June 05, 2025
Hooters Closes Locations As It Pursues Ch. 11 Franchise Shift
Bankrupt casual dining chain Hooters of America began shuttering dozens of restaurant locations throughout the United States Wednesday as it pursues a Chapter 11 restructuring that will see its plan disclosure statement up for approval next week.
-
June 05, 2025
AI Coding App Co. Hits Ch. 7 After Legal Challenges
Engineer.ai, the parent of an artificial intelligence-supported coding app maker, Builder.ai, has filed papers for a Chapter 7 liquidation in Delaware with more than $50 million in liabilities, following litigation regarding claims about its technology and the recent appointment of a new CEO.
-
June 05, 2025
DOL Benefits Arm Needs Turnaround, Nominee Tells Senators
President Donald Trump's pick to lead the U.S. Department of Labor's employee benefits division told a Senate panel Thursday to prepare for an overhaul of the subagency if he's confirmed, vowing to change the direction of enforcement, regulation and more.
-
June 05, 2025
Munsch Hardt Names New Women's Initiative Group Leaders
Munsch Hardt Kopf & Harr PC on Wednesday announced that it has tapped shareholders in Dallas and Houston to lead its women's initiative group, a program designed to support the advancement, retention and public profile of female lawyers across the firm.
-
June 05, 2025
Hedge Fund Founder Hits Ch. 11 After $113M Judgment
The founder of the bankrupt Weiss Multi-Strategy Advisers has himself sought Chapter 11 protection in Florida after a New York judge granted a nearly $113.5 million judgment against him in favor of his firm's largest creditor.
-
June 04, 2025
23andMe, Bidders Agree To Post-Ch. 11 Auction Offer Process
The winner of 23andMe's Chapter 11 auction and a nonprofit started by its co-founder can improve their offers to acquire the DNA testing company under procedures agreed to Wednesday in Missouri bankruptcy court, despite disruptions from a tornado warning and an attorney letting slip nonpublic details of an offer.
-
June 04, 2025
Ill. Atty Faces 1 Year Suspension, Left Watchdog 'Baffled'
An Illinois attorney who was sanctioned $1 million alongside his client for frivolously litigating a condominium governance fight and later helped that client engage in knowingly improper bankruptcy conduct should be suspended for a year and complete a professionalism seminar, a state disciplinary watchdog says.
-
June 04, 2025
US Trustee Continues Berkeley Research Data Breach Review
Berkeley Research Group told a California bankruptcy court Wednesday its representatives will meet with the U.S. Trustee's Office next week as part of the watchdog's ongoing inquiry into a March cyberattack on the consulting firm that potentially exposed confidential information tied to the bankruptcies of Roman Catholic dioceses across the country.
-
June 04, 2025
Pa. Brewery Co-Owner Claims Fraud Against Jailed Partner
A Pittsburgh-area business owner currently jailed for insurance and bankruptcy fraud is also accused of defrauding his former partner in a brewery and restaurant, including hiding the fact that the building the partner was renovating and living in was actually condemned, according to a lawsuit filed in state court.
-
June 04, 2025
How Bankruptcy Can Solve Sticky Non-Bankruptcy Problems
Straightforward financial problems aren't always the route to or the problem to solve in a bankruptcy, according to experts, who say there are a number of special circumstances that can be dealt with in bankruptcy court.
-
June 04, 2025
Adviser Sued For Pouring $100M Into Failing Development
A Florida woman sued her financial adviser in state court Tuesday, claiming he engaged in a yearslong scheme to funnel $100 million of her money into a now-bankrupt mixed-use development project and convinced her to personally guarantee more than $300 million in loans for the project.
-
June 04, 2025
HSF Kramer Taps Bankruptcy Duo As 1st Hires Since Merger
Herbert Smith Freehills Kramer LLP announced on Wednesday its first hires since the merger between Kramer Levin Naftalis & Frankel LLP and Herbert Smith Freehills LLP became official at the start of this month, welcoming two attorneys from New York bankruptcy boutique Togut Segal & Segal LLP.
-
June 04, 2025
Meet The Attorneys In Fiber Developer Tilson's Ch. 11
A team of lawyers from Bernstein Shur and Saul Ewing is leading the Chapter 11 case of Tilson Technology Management Inc., in which the company is aiming to "reset" following financial challenges stemming from a client's failure to pay for services.
-
June 03, 2025
Judge OKs Genetics Co. Synthego's $25M DIP Facility
A Delaware bankruptcy judge on Tuesday granted final approval for California-based gene-editing technology supplier Synthego Corp. to access $25 million in debtor-in-possession financing, following a resolution reached between the debtor, the lender, and the U.S. Trustee's Office.
-
June 03, 2025
Canada Customers Agree To Halt 23andMe Data Breach Suits
23andMe and Canadian customers suing over a data breach agreed on Tuesday to pause lawsuits against non-bankrupt third parties for up to six months amid the DNA testing company's Chapter 11 proceedings in Missouri.
-
June 03, 2025
Meet The New Mediator In The Jackson Walker Fee Case
Retired U.S. Bankruptcy Judge Joan N. Feeney has been chosen to mediate a dispute between Jackson Walker LLP and the U.S. Trustee's Office over the watchdog's bid to get the firm to forfeit fees from dozens of cases overseen by an ousted judge, setting Feeney up to help resolve one of the most contentious cases to hit the bankruptcy bar in years.
-
June 03, 2025
Catching Up With New Bankruptcy Case Action
Two fiber network companies, Brazilian airline Azul, a Virginia landfill facing higher wastewater treatment costs, an immersive art space in Chicago and a unit of residential solar company Sunnova Energy were among the entities that filed for Chapter 11 relief in the past week.
Expert Analysis
-
How Courts Can Filter Nonmeritorious Claims In Mass Torts
Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University.
-
Racing Corvettes Makes Me A Better Lawyer
The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.
-
Attorneys Must Act Now To Protect Judicial Independence
Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.
-
Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
-
How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.
-
Competitive Weightlifting Makes Me A Better Lawyer
The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.
-
Serta Ruling Further Narrows Equitable Mootness In 5th Circ.
The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.
-
Inconsistent Injury-In-Fact Rules Hinder Federal Practice
A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.
-
In-House Counsel Pointers For Preserving Atty-Client Privilege
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.
-
Collecting Rare Books Makes Me A Better Lawyer
My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.
-
Judge Should Not Have Been Reprimanded For Alito Essay
Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.
-
Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example
Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.
-
Ch. 11 Ruling Confirms Insurer Standing Requirements
A New York bankruptcy court's recent decision in the Syracuse Diocese's Chapter 11 case indicates that insurers have misread the U.S. Supreme Court’s 2024 ruling in Truck Insurance Exchange v. Kaiser Gypsum and that federal standing requirements remain unaltered, say attorneys at Lowenstein Sandler.