Mid Cap

  • October 22, 2025

    Worldwide Machinery Approved For $69M Ch. 11 Asset Sale

    A Texas bankruptcy judge approved a $69 million going concern sale of assets for heavy-equipment rental company Worldwide Machinery Group on Wednesday after the proposed buyers increased their offer to avoid a dispute over senior lenders' ability to credit bid against their debt.

  • October 22, 2025

    6th Circ. Backs Lordstown Execs In Failed Foxconn Deal Suit

    The Sixth Circuit has upheld the dismissal of a suit claiming former executives of Lordstown Motors Corp. misled investors about the state of a partnership with Foxconn Technology Group, finding leaders' optimism about the ultimately failed deal wasn't intentionally false.

  • October 22, 2025

    Stoli, Fifth Third Exchange Term Sheets On New Ch. 11 Plan

    Counsel for Stoli Group USA said the bankrupt vodka maker has exchanged term sheets with its secured lender Fifth Third Bank as it seeks to find a path toward an updated Chapter 11 plan following the rejection of its last proposal earlier this month.

  • October 22, 2025

    Meet The Attys For JKL's Liquidators In Ch. 15 Bid

    The liquidators for British Virgin Islands-based cryptocurrency investment firm JKL Digital Capital Ltd. have tapped attorneys from Seward & Kissel LLP to chart its route to Chapter 15 recognition in New York.

  • October 22, 2025

    Arcade On Las Vegas Strip, Facing Eviction, Files Ch. 11

    Las Vegas-based Electric Playhouse, a high-tech gaming and dining center inside the mall at the world-renowned Caesars Palace resort, filed for Chapter 11 bankruptcy protection in Nevada, facing a pending eviction and millions in unpaid claims from contractors. 

  • October 22, 2025

    Subprime Auto Lender PrimaLend Hits Ch. 11 Seeking Sale

    Subprime auto loan company PrimaLend Capital Partners LP filed for Chapter 11 in Texas bankruptcy court Wednesday, listing more than $100 million in debt and saying that it is pursuing a value-maximizing sale transaction.

  • October 21, 2025

    5th Circ. Revives Oil Co.'s Faulty Cement Coverage Suit

    The Fifth Circuit revived an oil and gas producer's suit seeking coverage for a settlement it reached with a bankrupt oilfield services firm over faulty cement, saying a Texas federal court incorrectly tossed the company's duty to defend and indemnify claims against certain underwriters at Lloyd's of London.

  • October 21, 2025

    Royal Interco Looks To End Ch. 11 After Creditor Deal

    A Delaware bankruptcy judge Tuesday agreed to approve settlements between paper product company Royal Interco LLC and a number of its creditors as it moves to dismiss its case.

  • October 21, 2025

    SilverRock Approved For $65M Sale Of Calif. Resort Project

    Bankrupt real estate development firm SilverRock Development Co. LLC received approval Tuesday from a Delaware judge for the $65 million sale of its resort project assets to affiliates of Turnbridge Equities, with the court overruling objections tied to an existing ground lease on the property.

  • October 21, 2025

    Village Roadshow Film Rights Sale Set For 'Prompt' Ruling

    A Delaware bankruptcy judge hopes to issue a decision quickly after arguments wrapped up Tuesday over the proposed Chapter 11 sale of the derivative rights of bankrupt movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Eleven."

  • October 21, 2025

    Calif. Wildfire, Debt Burden Led Image Locations To Ch. 11

    A California wildfire in January, the shutdown of filming during the COVID-19 pandemic, two historic entertainment industry strikes by writers and actors, and the burden of high-interest merchant cash advances combined to lead Image Locations Inc. to file for small-business Chapter 11 protection this month. 

  • October 21, 2025

    Watchmaker Fossil Files Ch. 15 Amid $150M UK Debt Workout

    A unit of watch- and jewelry-maker Fossil Group Inc. has filed for Chapter 15 protection in Texas bankruptcy court seeking U.S. recognition of a plan proposed in the United Kingdom to restructure $150 million in debt.

  • October 21, 2025

    Akoustis Gets OK For Ch. 11 Liquidation Plan Disclosures

    Radio frequency filter maker Akoustis Technologies received bankruptcy court approval Tuesday in Delaware for a disclosure statement describing its Chapter 11 plan of liquidation that was presented without any objection.

  • October 20, 2025

    Sandy Hook Families Oppose Reverting Equity To Alex Jones

    Families of Sandy Hook Elementary School shooting victims have pushed back against a bankruptcy trustee's attempt to relinquish equity interests in conspiracy theorist Alex Jones' Free Speech Systems LLC, telling a Texas bankruptcy court Friday that doing so would frustrate their collection of more than $1 billion in judgments.

  • October 20, 2025

    LifeScan To Cut $1.7B Debt, Reed Smith DQ'd From Eletson

    A bankruptcy trust for Rite Aid went after Walmart to defray the costs of defending opioid lawsuits. A blood glucose monitor manufacturer fought for confirmation of a reorganization plan that would cut $1.7 billion in debt. The long saga of the Eletson bankruptcy continued after a district court found the prebankruptcy ownership of the company had no legal existence and therefore no right to counsel.

  • October 20, 2025

    Village Roadshow Defends Auction Amid Warner Bros. Bid

    Warner Bros. Entertainment Inc. made a last-minute offer for the derivative rights of bankrupt movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Eleven," an attorney for the debtor said at a hearing Monday.

  • October 20, 2025

    Judge Trims Quinn Emanuel Fees In Firstbase.io Ch. 11

    A New York bankruptcy judge Monday scaled back a fee request by Quinn Emanuel Urquhart & Sullivan LLP for the firm's work on the Firstbase.io Chapter 11 case, expressing doubt that a Third Circuit ruling the firm won for the debtor last week will be much help for creditors.

  • October 20, 2025

    Consumer Shifts, Lease Obligations Led Razzoo's To Ch. 11

    Consumer behavior shifts following the COVID-19 pandemic, rising competition, heavy lease burdens and an inability to service debt have pushed Cajun restaurant chain Razzoo's to seek Chapter 11 bankruptcy protection in Texas.

  • October 20, 2025

    Judge Rejects Heritage Coal's Ch. 11 Plan Over Releases

    A Delaware bankruptcy judge on Monday refused a bid by Heritage Coal for approval of its Chapter 11 liquidation plan, siding with the unsecured creditors committee on an objection over the plan's release provisions.

  • October 20, 2025

    Kirkland Rehires Esteemed NY Trial Lawyer From Latham

    Kirkland & Ellis LLP announced Monday that it has rehired a prominent trial attorney from Latham & Watkins LLP, touting his record of securing 18 complete defense verdicts and more than $1.8 billion in damages for plaintiffs since 2017.

  • October 20, 2025

    Catching Up With Delaware's Chancery Court

    This past week, the Delaware Chancery Court and Supreme Court handled a crowded corporate docket, weighing blockbuster merger appeals, shareholder settlement objections, fights over control involving an NBA franchise and a high-profile appeal from Elon Musk involving a massive payday from Tesla.

  • October 20, 2025

    Justices To Hear Bankruptcy Challenge To Estoppel Rule

    The U.S. Supreme Court agreed on Monday to hear an appeal challenging a "rigid" and "unforgivable" rule used by some bankruptcy courts that permanently blocks a debtor from pursuing litigation if they knew - but didn't disclose - the allegations as part of their bankruptcy case.

  • October 17, 2025

    LA County Commits An Added $828M For Sex Abuse Victims

    Los Angeles County Friday said it has tentatively agreed to shell out an additional $828 million to settle hundreds of cases alleging childhood sexual abuse that occurred in county facilities, an amount that follows a $4 billion settlement announced earlier this year.

  • October 17, 2025

    Romania Wins $384M Dispute Over Failed Insurance Firm

    An international tribunal has ruled in favor of Romania in an arbitration filed by Nova Group Investments, a Netherlands-based company owned by the Romanian Adamescu family, seeking about $384 million in damages to compensate for the bankruptcy of the family's insurance company.

  • October 17, 2025

    Insys Ex-CEO Babich Agrees To $30M Trustee Deal In Del.

    Former Insys Therapeutics CEO Michael Babich has consented to a $30 million settlement amid a bankruptcy trustee's efforts to recover tens of millions in damages from company officials tied to Insys' aggressive marketing of the opioid painkiller Subsys, according to a Delaware Court of Chancery settlement filed early on Friday.

Expert Analysis

  • 4 Former Justices Would Likely Frown On Litigation Funding

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    As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • GENIUS Act Could Muck Up Insolvency Proceedings

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    While some of the so-called GENIUS Act's insolvency provisions are straightforward, others run the risk of jeopardizing the success of stablecoin issuers' insolvency proceedings and warrant another look from Congress, say attorneys at Morgan Lewis.

  • Playing The Violin Makes Me A Better Lawyer

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    Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.

  • Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

  • My Opera And Baseball Careers Make Me A Better Lawyer

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    Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.

  • Despite Dark Clouds, Outlook For US Solar Has Bright Spots

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    While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy industry, signs of continued growth in solar generating capacity and domestic solar manufacturing suggest that there is a path forward, say attorneys at Beveridge & Diamond.

  • Law School's Missed Lessons: Communicating With Clients

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    Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

  • Adapting To Private Practice: From US Rep. To Boutique Firm

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    My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.

  • Senate's 41% Litigation Finance Tax Would Hurt Legal System

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    The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.

  • Performing As A Clown Makes Me A Better Lawyer

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    To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.

  • Law School's Missed Lessons: Rejecting Biz Dev Myths

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    Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.

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