Mid Cap
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July 18, 2025
Bioplastics Maker Danimer Scientific Cleared To Exit Ch. 11
A Delaware bankruptcy judge Friday approved the uncontested Chapter 11 liquidation plan of plant-based plastic alternative maker Danimer after the company sold its assets in bankruptcy.
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July 18, 2025
Fashion-Tech Biz Founder Charged With $300M Investor Fraud
The founder of bankrupt apparel technology company CaaStle Inc. defrauded investors out of $300 million, federal prosecutors in Manhattan said Friday, unsealing an indictment charging her with using sham documents to falsely promote a "rapidly growing business" supposedly worth $1.4 billion.
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July 18, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the former owner of British oil refinery Prax Group sued following the collapse of his business empire, a unit of Shard Credit Partners target a married couple believed to have inflated the value of their companies before selling them, and Aerofoil Energy reignite patent action against AFE Group over the design of its F1-inspired cooling units.
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July 17, 2025
How A NJ Clergy Abuse Probe Will Reshape Defense Strategy
The New Jersey Supreme Court has cleared the way for a grand jury to investigate clergy abuse claims, bringing forward a rarely used prosecution tool that experts say will have reverberations on the strategies taken by lawyers representing powerful individuals and institutions even beyond the Catholic Church.
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July 17, 2025
Under The Radar: Bankruptcy News You May Have Missed
Failed cryptocurrency lender Genesis Global told a New York bankruptcy judge its parent company was attempting to "usurp" its control over prosecuting estate causes of action, asking the court to allow the debtor to enforce its rights. Meanwhile, the debtor entity of The Dolphin Co., an aquatics park operator, accused the firm's CEO of diverting its revenue, and the Chapter 11 case of chicken joint chain Sticky's was converted to a liquidation.
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July 17, 2025
Connecticut Music Festival Organizer To Pay $50K In Refunds
The bankrupt organizer of a botched Connecticut music festival known as Capulet Fest has agreed to pay up to $50,000 in restitution to ticket buyers to settle an investigation into possible violations of state law, the attorney general's office said Thursday.
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July 17, 2025
One Table Loses Structured Dismissal Bid, Case Now A Ch. 7
A Delaware bankruptcy judge on Thursday converted the Chapter 11 case of One Table Restaurant Brands LLC, which operated restaurant chains Tender Greens and Tocaya, to a Chapter 7 liquidation, saying her concerns outweighed the potential benefits of a structured dismissal allowing for the distribution of money to creditors.
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July 17, 2025
US Trustee Says Constitution Bars Jackson Walker Jury Trial
The federal government's bankruptcy watchdog told a Texas federal judge that under the Seventh Amendment, Jackson Walker LLP isn't entitled to a jury trial in its fee dispute stemming from a former bankruptcy judge's secret relationship with a onetime partner.
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July 17, 2025
Brazilian Sugar Producer Gets Restructuring Recognition
A New York bankruptcy judge on Thursday extended U.S. recognition to the insolvency proceedings of Brazilian sugar producer and distributor Virgolino de Oliveira SA after hearing the company has won approval for its reorganization plan and settled bondholder lawsuits.
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July 17, 2025
Work Wear Seller Faults 'Heartless' Lender In Chapter 11 Filing
Work wear and healthcare apparel retailer Work N Gear filed an emergency Chapter 11 petition late Wednesday, accusing a creditor of "heartless conduct" in sweeping funds out of accounts set aside to pay employee healthcare claims.
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July 16, 2025
Cullen and Dykman Says It Isn't Conflicted In IT Firm's Ch. 11
Cullen and Dykman LLP has told a New York bankruptcy judge there was no conflict of interest preventing Sysorex, an insolvent government information technology company, from retaining the law firm, contending that its activity, which the U.S. Trustee's Office said disqualified the firm as counsel in the debtor's Chapter 11, was actually in the best interest of the company.
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July 16, 2025
Pages From Restructuring History: BigLaw And Bankruptcy
Bankruptcy is a BigLaw menu item staple, with most large law firms having practice groups dedicated to in-court and out-of-court restructurings. But that wasn't always the case.
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July 16, 2025
Scanrock Oil & Gas Gets OK For Vote On Ch. 11 Plan
A Texas bankruptcy judge gave Scanrock Oil & Gas permission Wednesday to send its Chapter 11 plan out for a creditor vote after the hydrocarbon driller answered objections by giving royalty owners a claim on property sale revenues.
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July 16, 2025
Meet The Attys For Gambling Biz Maverick In Ch. 11
Casino and hotel operator Maverick Gaming has put together a team of attorneys from Hunton Andrews Kurth LLP and Latham & Watkins LLP to see it through Chapter 11 as the company plans a sale of its assets.
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July 15, 2025
Catching Up With New Bankruptcy Case Action
From a pair of healthcare bankruptcies to a startup investment platform's Chapter 11 case, here are the latest new insolvency proceedings.
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July 15, 2025
Gambling Biz Gets $8.5M In First-Day Ch. 11 Financing
A company that runs casinos and other gambling venues in three states received a Texas bankruptcy judge's permission Tuesday to make an initial draw of $8.5 million from a Chapter 11 financing package its existing secured lenders provided.
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July 15, 2025
Heritage Coal Ends Ch. 11 Suit Over Ex-Owner's Liens
Heritage Coal, together with its former owner and general manager, has agreed to dismiss a lawsuit it brought against them in Delaware bankruptcy court to try to invalidate liens the ex-executives put on its assets.
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July 15, 2025
Bankruptcy Experts Call For Reset On Sub V, Student Debt
A group of judges and bankruptcy experts told a congressional panel Tuesday that a reset is needed for the eligibility cap for Subchapter V bankruptcies and the standards for discharging student loan debt.
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July 15, 2025
Lowenstein Sandler Names NJ Atty As Bankruptcy Vice Chair
Lowenstein Sandler LLP announced this week that a New Jersey bankruptcy partner who helped build the practice group into a nationwide force in sexual abuse-related bankruptcies will serve as co-chair.
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July 14, 2025
Tender Greens Estate Defends Structured Dismissal Of Ch. 11
The estate of One Table Restaurant Brands LLC, the former operator of casual restaurant chain Tender Greens and Mexican eatery Tocaya, defended its bid to dismiss its Chapter 11 case after the U.S. Trustee's Office said it would violate bankruptcy rules.
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July 14, 2025
SilverRock Seeks To Test $60M Bid At Ch. 11 Auction
Resort developer SilverRock has asked the Delaware bankruptcy court for permission to hold an auction for its real estate assets in Southern California to see if the company could fetch a better offer through a public process than the stalking horse bid it secured, instead of selling its assets through a sealed bidding process.
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July 14, 2025
Monster.com Can Sell Assets, Joann Gets OK To Wind Down
The company behind Monster.com secured the Delaware bankruptcy court's permission to hold asset auctions in its Chapter 11 case. A Texas bankruptcy judge gave Jackson Walker LLP and the U.S. Trustee's Office until Tuesday to mediate a fee dispute stemming from a former bankruptcy judge's secret relationship with an ex-firm partner. And a bankruptcy judge in Delaware approved arts and crafts retailer Joann's Chapter 11 wind-down plan.
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July 14, 2025
Aspiration Partners Seeks Conversion Of Ch. 11 To Ch. 7
Sustainability-focused financial services company Aspiration Partners Inc. asked a Delaware bankruptcy judge to convert its insolvency case to a Chapter 7, saying it has sold off its assets, doesn't have the funds to pursue a Chapter 11 plan and promised to pivot to a wind down.
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July 14, 2025
Gambling Co. Hits Ch. 11 In Texas With More Than $100M Debt
Maverick Gaming LLC, which operates casinos and hotels in Nevada, Colorado and Washington, filed for bankruptcy relief Monday in Texas with more than $100 million in liabilities and a $22.5 million Chapter 11 financing package lined up.
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July 11, 2025
Trustee Says IT Contractor's Ch. 11 Counsel Pick Has Conflict
The U.S. Trustee's Office objected late Thursday to the retention of Cullen and Dykman LLP as counsel for bankrupt government information technology contractor Sysorex Government Services Inc. in the company's Chapter 11 case because of the firm's representation of defendants in suits over alleged fraudulent transfers.
Expert Analysis
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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.
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3 Factors Affecting Retail M&A Deals In 2025
Retailers considering mergers and acquisitions this year face an evolving antitrust environment, including a new administration under President-elect Donald Trump, revised merger guidelines and a precedent set last year by a canceled $8.5 billion handbag merger, say attorneys at DLA Piper.
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.
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Consultants Should Be Aware Of DOJ's Potential New Reach
The U.S. Department of Justice's recent first-of-its-kind settlement with McKinsey & Co. indicates not only the DOJ's more aggressive stance toward businesses' potential criminal wrongdoings, but also the benefits of self-disclosure and cooperation when wrongdoing becomes apparent, says Dom Caamano at Kibler Fowler.
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Playing Esports Makes Me A Better Lawyer
Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.
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An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Justices May Find Gov't Can Keep Fraudulent Transfer Benefit
Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.
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When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
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What 2024 Trends In Marketing, Comms Hiring Mean For 2025
The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.
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How The Onion Could Still Buy InfoWars
While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.
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Group Running Makes Me A Better Lawyer
The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.