Mid Cap
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October 17, 2025
What's Happening In Bankruptcy Court This Coming Week
Village Roadshow's third proposed sale will go before a judge. A bankruptcy court will consider confirming Heritage Coal's liquidation plan. And a CVS Health subsidiary will seek final approval of its bankruptcy financing.
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October 17, 2025
3rd Circ. Won't Rethink IRS Collections For Preparer Fraud
The Third Circuit declined Friday to reconsider a panel decision allowing the IRS to pursue a woman's unpaid taxes more than 20 years later — well after the normal three-year deadline — because her return preparer committed fraud on her filings without her knowledge.
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October 17, 2025
Federal Courts To Scale Back Operations Amid Shutdown
The federal court system has run out of money and will scale back operations beginning Monday as a result of the ongoing government shutdown, possibly leading to case delays.
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October 17, 2025
Latham To Bring On 3 Restructuring Pros From Ropes & Gray
Latham & Watkins LLP announced Friday that it will be adding three restructuring partners from Ropes & Gray LLP, including one who steered that firm's business restructuring practice.
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October 17, 2025
Creditor Says Firstbase.io Trying To 'Crater' Its Ch. 11 Plan
Firstbase.io's largest creditor is asking a New York bankruptcy judge to reject the company's request to pay nearly $802,000 to Quinn Emanuel Urquhart & Sullivan LLP, saying the debtor is trying to sink the creditor's proposed Chapter 11 plan under a pile of legal fees.
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October 16, 2025
CBRM Lenders Seek To Nix Ch. 11 Case
The prepetition lenders to bankrupt affiliates of troubled real estate firm CBRM Realty Inc. have asked a New Jersey bankruptcy court to dismiss the Chapter 11, saying that the real goal of the case is to "vault certain stakeholders ahead of prepetition lenders in a misguided sale process," not reorganization.
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October 16, 2025
US Magnesium Wins Time To Pursue Sale, EPA Discussions
A Delaware bankruptcy judge said Thursday he would grant interim approval to about four more weeks of Chapter 11 financing for US Magnesium after pushing back a hearing to convert the case to a Chapter 7 liquidation.
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October 16, 2025
Under The Radar: Bankruptcy News You May Have Missed
The Ninth Circuit supported a man's bid to protect an Arizona property and his RV from his Chapter 7 trustee, a bankrupt vaccine maker struck a deal with the federal government to allow an asset sale hearing so long as government property is not affected, and a New Jersey federal judge stood by his ruling in a copyright suit between an attorney's film company and Netflix. Here are some of the bankruptcy-related stories you might have missed in the last week.
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October 16, 2025
Reed Smith Booted From Eletson Ch. 11 Over Clients' Existence
A New York bankruptcy judge disqualified Reed Smith LLP from continued work in the Chapter 11 case of reorganized oil and gas shipping company Eletson Holdings on Thursday, saying the law firm's clients no longer exist.
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October 16, 2025
Insurance Litigation Week In Review
Illinois' insurance regulator demanded that State Farm turn over data over its homeowners insurance business, the Sixth Circuit affirmed class certification in a dispute over State Farm's payments for totaled vehicles, and the Eleventh Circuit ruled that a policyholder's untimely notice doomed coverage for a gas station's underground fuel tank leak. Here, Law360 takes a look at the past week's top insurance news.
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October 16, 2025
Hospital Insurer Seeks Ch. 15 After NY Child Abuse Claims
Northeast Insurance Co., a captive insurer for several hospitals and a Jewish nonprofit, asked a New York bankruptcy judge for Chapter 15 recognition of its Bermuda liquidation filing, saying it was rendered insolvent by claims stemming from the state's Child Victims Act.
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October 16, 2025
Meet The Attys Serving Up Expertise In Razzoo's Ch. 11
Cajun restaurant chain Razzoo's Inc. has put together a triumvirate of attorneys from Okin Adams Bartlett Curry LLP to assist it in using Chapter 11 to restructure and stage a possible future expansion.
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October 15, 2025
$60M Deal Gets Final OK Over Adviser's Role In Ponzi Scheme
An Illinois state judge on Wednesday gave the final nod to a settlement deal that includes a $60 million judgment, ending investors' negligence claims against their investment adviser, though claims remain ongoing against a movie producer who allegedly misused their investment funds.
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October 15, 2025
Kal Freight Trust Accuses Ex-Owners Of Siphoning Funds
The liquidating trust for Kal Freight Inc.'s estate has sued several companies in Texas bankruptcy court, alleging they were complicit in a scheme orchestrated by its former owners to siphon millions of dollars from the debtor and its affiliates, even while it was in Chapter 11, by making the business overpay for expenses and taking advantage of its fuel reimbursements.
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October 15, 2025
Catching Up With New Bankruptcy Case Action
A string of real estate owners and developers sought Chapter 11 protections. The publisher behind a 1970s science fiction magazine is looking to liquidate in Chapter 7. A Florida physician group said it's hoping to cut down on its debt and restructure through Chapter 11. And a mid-Atlantic construction equipment dealer owned by a Texas private equity group filed for Chapter 11.
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October 15, 2025
Bankruptcy Can't End Caterpillar Privacy Suit, Ex-Worker Says
A former Caterpillar employee urged an Illinois federal judge on Tuesday not to let his bankruptcy spell doom for his lawsuit claiming the machinery manufacturer illegally collects applicants' family medical histories, arguing he properly used a 'wildcard exemption' to shield his assets from creditors.
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October 15, 2025
Syracuse Diocese Gets OK For More Insurance Settlements
A New York bankruptcy judge Wednesday approved nine remaining settlements with insurance companies for the Roman Catholic Diocese of Syracuse as part of its Chapter 11 plan, following her approval of two earlier deals with insurers in August.
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October 15, 2025
How Dallas Emerged As Hotspot For Complex Ch. 11 Cases
When big U.S. companies file for bankruptcy protection, they're increasingly doing so in Dallas, thanks to the depth of experience of its bench, streamlined procedures for complex Chapter 11 cases and a vibrant local economy, experts told Law360.
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October 15, 2025
AlixPartners Earns $6M For Work On Party City Ch. 11
Consulting firm AlixPartners received a Texas bankruptcy court's approval Wednesday to be paid nearly $6.4 million in professional fees and expenses for its work as a restructuring advisor for insolvent party supply retailer Party City.
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October 15, 2025
Crowell & Moring Adds Seasoned Healthcare Trial Atty
Crowell & Moring on Wednesday announced that it is expanding its healthcare team with the addition of a first-chair trial attorney who co-founded the healthcare practice at Robins Kaplan LLP, where he was most recently a partner.
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October 15, 2025
Razzoo's Restaurant Chain Gets 3-Member Creditors Committee
The Office of the U.S. Trustee has appointed an unsecured creditors committee in Cajun restaurant chain Razzoo's Inc.'s Chapter 11 case composed of My Tech Texas LLC, South Loop Development LLC and Sabine 2016-1 LLC.
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October 15, 2025
Chamberlain Hrdlicka Adds Eversheds Attorney In Texas
Chamberlain Hrdlicka White Williams & Aughtry has boosted its bankruptcy team with the addition of a shareholder who previously co-managed the Houston office of Eversheds Sutherland, where he practiced for over two decades.
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October 15, 2025
NYC Hotel Must Hand Over Tax Credits In Bankruptcy
The owners of a boutique hotel in Brooklyn and its management company must return pandemic-era refundable tax credits that they received as the hotel filed for Chapter 11 bankruptcy protection, a New York bankruptcy judge ruled, saying they had unfairly pocketed the money at the bankruptcy estate's expense.
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October 15, 2025
Fiber Co. Tilson Gets OK To Sell Gigapower Contract Claims
A Delaware bankruptcy judge on Wednesday gave Tilson Technology Management permission to sell its breach of contract claims stemming from the project that sent the fiber network developer into Chapter 11.
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October 14, 2025
Crypto Firm JKL's Liquidators Look To Secure Ch. 15 In NY
The liquidators for British Virgin Islands-based cryptocurrency investment firm JKL Digital Capital Ltd. have filed for Chapter 15 recognition in New York, saying the debtor has been uncooperative after it was forced into liquidation earlier this year by its only creditor, TGT LP.
Expert Analysis
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
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Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.
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Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
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When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
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Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
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Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.