Mid Cap
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July 23, 2025
Perkins Coie Guides $154M NYC Hotel Sale
An entity connected to hospitality management and ownership company GF Hotels & Resorts sold off a New York City hotel to an entity connected to real estate company Hawkins Way Capital, in a $154.5 million deal advised by Perkins Coie LLP, according to official property records.
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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
WilmerHale Can Advise 23andMe Ch. 11 Data Ombudsman
A Missouri bankruptcy judge ruled Tuesday that 23andMe's consumer privacy ombudsman can hire WilmerHale, finding the firm's work for a would-be buyer of the genetic testing company's assets hadn't impacted its representation of the ombudsman.
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July 22, 2025
Pet Care App Wag! Can Tap $4M Of $6.5M DIP Loan
A Delaware bankruptcy judge on Tuesday granted interim approval for pet care app company Wag! to gain access to $4 million in postpetition financing, backed by its prepetition lender, which would support the company's continued operations and the consummation of its reorganization plan.
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July 22, 2025
Ch. 11 Judge Escapes Energy Drink Co. Founder's Bias Suit
A Florida bankruptcy judge was freed Tuesday from a suit alleging he was biased while presiding over the Chapter 11 case of the company behind Bang energy drinks.
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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
Gov't IT Provider Can Hire Cullen And Dykman For Ch. 11
A New York bankruptcy judge on Monday gave approval to bankrupt information technology company Sysorex Government Services Inc. to retain Cullen and Dykman LLP as bankruptcy counsel and to sell its business for $8.5 million with the goal of liquidating in Chapter 11.
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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
Pet Care App Wag! Plans To Go Private In Ch. 11
The pet care app Wag! filed for bankruptcy on Monday, saying it expects to have a prepackaged restructuring plan confirmed in just over a month that will transfer ownership of the publicly traded company to its secured lender.
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July 21, 2025
Court Says Cash Is Prime Core's, OKs Payout Scheme
A Delaware bankruptcy judge has sided with the administrator of cryptocurrency custodian Prime Core's Chapter 11 wind-down plan in a dispute over whether the debtor's assets were so intermixed with creditor funds that it all had to be treated as estate property, and approved a request to pay claims by exchanging crypto holdings for fiat currency.
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July 21, 2025
Monster.com Ch. 11 Auction Brings In $69M In Offers
CareerBuilder + Monster, an online job search platform, said the winning offers from its Chapter 11 auction for three business divisions totaled $68.6 million, almost double the $35.5 million total of stalking horse offers approved in its Delaware bankruptcy.
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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
Montessori School Group Can Tap Full $8M Ch. 11 Loan
The company that once oversaw the world's largest network of Montessori schools received a Texas bankruptcy judge's final approval Monday for its debtor-in-possession loan, as it looks to secure confirmation of a Chapter 11 plan grounded in a restructuring support agreement with a prepetition investor that is sponsoring the reorganization.
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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 18, 2025
Law360 Names 2025's Top Attorneys Under 40
Law360 is pleased to announce the Rising Stars of 2025, our list of more than 150 attorneys under 40 whose legal accomplishments belie their age.
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July 18, 2025
Real Estate Recap: Budget, 2025 Deals, Coney Island Gamble
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including real estate attorney perspectives on the new federal budget, the law firms that guided the biggest deals of 2025's first half and why one BigLaw attorney is betting on a Coney Island development.
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July 18, 2025
Tx. Judge OKs Tommy's Boats To Set Sail On Ch. 11 Plan
A Texas bankruptcy judge Friday approved a reorganization plan for boat and water sports retailer Tommy's Boats filed by its chapter 11 trustee, overruling objections from its former CEO.
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July 18, 2025
Ex-CEO Again Pushes For Standing In Judge Romance Case
The former CEO of a defunct barge company has again urged a court to rule that he has standing to sue over a former bankruptcy judge's secret romance with an attorney, writing in a supplemental filing that "certain issues" had "not been fully briefed."
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July 18, 2025
6th Circ. Won't Revive Ex-Ruby Tuesday Execs' Benefits Fight
The Sixth Circuit refused to reopen a suit from former Ruby Tuesday managers and executives alleging Regions Bank inadequately protected their retirement plan benefits that were liquidated in bankruptcy, concluding a lower court was right to end the case in the bank's favor.
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July 18, 2025
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy judges will guide hearings in the coming days that concern issues including Nikola's Chapter 11 plan and disclosures, a youth mental health provider's plans for a real estate sale, and Rite Aid's proposed lease sales.
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July 18, 2025
New Texas Law School Dean Talks Path In Legal Education
In his own story as the son of migrant farm workers and the first person of color to lead the South Texas College of Law in Houston, Reynaldo "Rey" Anaya Valencia sees a "vision of where South Texas sees itself going into the 21st century."
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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.
Expert Analysis
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Adventure Photography Makes Me A Better Lawyer
Photographing nature everywhere from Siberia to Cuba and Iceland to Rwanda provides me with a constant reminder to refresh, refocus and rethink the legal issues that my clients face, says Richard Birmingham at Davis Wright.
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How Ch. 11 Can Alleviate Merchant Cash Advance Concerns
Merchant cash advance funding is one of the biggest challenges for small businesses today because funders are so prevalent, aggressive and expensive, but bankruptcy can provide several tools for dealing with MCA agreements that may allow the debtor business to restructure and survive, says Patricia Fugée at FisherBroyles.
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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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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.