Mid Cap
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June 26, 2025
Silver Airlines Trustee Order Paused, Auction Moves Forward
A Florida bankruptcy judge Thursday paused his order mandating the appointment of a trustee to oversee Silver Airways' Chapter 11, after being told a trustee could not be named in time to run an auction of the airline's last assets next week before the company runs out of cash.
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June 26, 2025
Pullman & Comley Adds Bankruptcy Pro From DOJ In Conn.
Pullman & Comley LLC has grown its offerings in Connecticut with the addition of a former assistant U.S. attorney who specializes in bankruptcy and litigation matters.
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June 26, 2025
'Homegrown' Clerk To Take Over Del. Bankruptcy Court Post
Delaware's bankruptcy court will soon have a new clerk, a "homegrown" talent who has served the court for more than a decade in various roles, including currently as chief deputy clerk.
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June 25, 2025
Wash. City Hits Ch. 9 After Arbitration Loss With Developer
Cle Elum, a city in central Washington at the foothills of the Cascade Mountains, filed for Chapter 9 municipal bankruptcy on Tuesday facing garnishment from a real estate developer to whom it owes $26 million.
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June 25, 2025
Hooters Creditors Oppose Buyer Group's Ch. 11 Break-Up Fee
The official committee of unsecured creditors for restaurant chain Hooters of America objected to a proposed break-up fee payable to a buyers' group, telling a Texas bankruptcy judge break up fees are meant to spur bidding in a way that is unnecessary in this Chapter 11 case.
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June 25, 2025
Gigapower Contract Dispute Sank Tilson Into Ch. 11
Fiber optic network builder Tilson Technology has blamed its contract with a joint venture of AT&T and BlackRock for a liquidity crunch that pushed the company to launch a Chapter 11 case.
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June 25, 2025
O'Melveny Forms Special Credit And Liability Mgmt. Group
O'Melveny & Myers LLP has launched a special credit and liability management group, announcing the move Tuesday as a reflection of "growing client demand for integrated, end-to-end support across the credit cycle, particularly as capital solutions become increasingly complex and bespoke."
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June 25, 2025
Fed's Powell Suggests Student Loans Too Hard To Discharge
Federal Reserve Chairman Jerome Powell told senators Wednesday that Congress might want to consider permitting greater dischargeability of student loans, questioning whether it is a "wise national policy" to treat such debt differently under the federal bankruptcy laws.
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June 25, 2025
Klehr Harrison Adds Atty To Philadelphia Bankruptcy Practice
The opportunity to join a strong team at Klehr Harrison Harvey Branzburg LLP's Philadelphia office was music to the ears of an attorney who moved his litigation practice after 22 years with McElroy Deutsch Mulvaney & Carpenter LLP.
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June 25, 2025
McDermott Restructuring Atty Rejoins Winston & Strawn In NY
A former McDermott Will & Emery LLP restructuring partner has returned to Winston & Strawn LLP after more than two decades away, becoming the latest member of its transactions department in New York.
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June 24, 2025
Fla. Nonprofit Leaders Charged In $100M Fraud Scheme
A Florida federal grand jury has charged the founder of a special needs nonprofit and its accountant with multiple counts of fraud stemming from a scheme to steal $100 million from the organization, alleging they diverted money through a slush fund used to pay for personal expenses.
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June 24, 2025
NJ Agency Fights $26M Property Taking Verdict In Ch. 11
A New Jersey development agency pushed back against a move in bankruptcy court by the owner of a former tire factory site to collect a $25.6 million jury verdict stemming from the agency's decision to condemn the property and make way for housing.
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June 24, 2025
Inmates Say Tehum Ch. 11 Doesn't Block Suits Against Spinoff
A group of current and former Maryland prison inmates asked a Texas bankruptcy judge to find the Chapter 11 plan of prison healthcare provider Tehum Care Services does not put a stop to lawsuits against the company that spun off from it prior to bankruptcy.
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June 24, 2025
Catching Up With New Bankruptcy Case Action
France's second-largest telecommunications group petitioned for Chapter 15 recognition in the U.S. as it looks to restructure some $22 billion in debt in its home country. Slumping sales in the aftermath of the COVID-19 pandemic led a Vermont-based garden supplier to launch Chapter 11 proceedings to sell the business. And the operator of online job search board Monster.com hit bankruptcy with multiple purchase agreements in hand.
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June 24, 2025
Bankrupt Mass Tort Atty To Convert Ch. 11 To Liquidation
A Texas mass tort attorney who filed for bankruptcy allegedly owing hundreds of millions of dollars to litigation funders agreed to shift his Chapter 11 case to a Chapter 7 liquidation, putting to rest the U.S. Trustee's bid to convert or dismiss his case.
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June 24, 2025
BRG Continues Data Breach Analysis In Diocese Ch. 11 Cases
Attorneys representing consulting firm Berkeley Research Group told a Vermont bankruptcy judge Tuesday that the company is continuing its internal investigation and analysis of information stolen in a March cyber attack to determine if claimant data tied to a dozen Catholic diocese bankruptcy cases was included in the breach.
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June 24, 2025
Boeing Says COVID-Era Docs Needed In Suit Over 737 Sales
Boeing is urging a Washington federal court to compel a defunct South African airline to turn over documents about its financial state and the effects of the COVID-19 pandemic on its business from 2019 to 2021, as the plane maker fights a suit alleging it hid the flaws of its 737 Max line.
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June 24, 2025
Silver Airways Keeps Ch. 11, Gets Trustee
A Florida bankruptcy judge said Tuesday he will turn over management of Silver Airways' Chapter 11 to a court-appointed trustee, finding the airline's abrupt shutdown earlier this month and the handling of the sale of its remaining assets show that current management is not up to the task, but declined to dismiss the proceedings or convert the case to a Chapter 7.
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June 24, 2025
Stoli USA Can Take Votes On Ch. 11 Plan After Creditor Deal
A Texas bankruptcy judge on Tuesday conditionally approved Stoli Group USA's disclosure statement for its Chapter 11 plan, letting the U.S. arm of vodka maker Stoli take votes on a reorganization deal after the company resolved a dispute with unsecured creditors.
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June 24, 2025
Job Search Site Monster Hits Ch. 11 With 3 Initial Bidders
The company behind job search website Monster.com filed for bankruptcy Tuesday, listing over $100 million in liabilities and saying in a news release that it has three stalking horse bidders for various assets lined up.
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June 23, 2025
FTX Trust Slams Three Arrows' 'Illogical' $1.5B Claim
The FTX bankruptcy recovery trust on Friday objected to a $1.53 billion claim made by the now-liquidated cryptocurrency hedge fund Three Arrows Capital Ltd., saying the "illogical and baseless" claim grossly inflates the actual value of assets associated with its customers' FTX accounts, while offering zero supporting evidence.
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June 23, 2025
Heritage Coal Nears Court Approval Of $21M Ch. 11 Sales
A Delaware bankruptcy judge said Monday she will grant insolvent mining operation Heritage Coal permission ahead of a follow-up hearing to sell its assets to bidders collectively offering more than $21 million if the debtor can submit final versions of its proposed sale documents beforehand.
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June 23, 2025
Bankruptcies Sweep Home Solar Industry, But Not Like Before
A confluence of elevated interest rates, state energy policies and the possible end of federal tax incentives have combined over the last year to take the air out of what had been a rapidly inflating residential solar power industry.
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June 23, 2025
EV Co. Unit PTGi Wants Damages For Creditor's Failed Ch. 7
A subsidiary of electric vehicle company Charge Enterprises has urged a Delaware bankruptcy judge to award compensatory and punitive damages of at least $3.5 million for the harm it suffered from an involuntary Chapter 7 filing launched by a creditor found to be acting in bad faith.
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June 23, 2025
23andMe Sale Nears Ruling, Tariff Policies Drive Bankruptcy
A Missouri bankruptcy judge said he will soon rule on the proposed $305 million sale of 23andMe to a nonprofit led by its co-founder. Meanwhile, shifting tariff policies under President Donald Trump have been blamed for recent bankruptcies, and experts at a conference in New York discussed the future of Chapter 11 and how a second Trump term could shape bankruptcy law.
Expert Analysis
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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.
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Brazilian Jiujitsu Makes Me A Better Lawyer
Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.
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Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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Franchise Group Dispute Reflects Rising Intercreditor Suits
A recent complaint filed by senior creditors against junior creditors in the Franchise Group bankruptcy could embolden lenders to take preemptive action against one another in bankruptcy proceedings, and could affect the way secured lenders draft intercreditor agreements going forward, say attorneys at Choate.
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Playing Poker Makes Me A Better Lawyer
Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.
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Ch. 7 Marshaling Ruling Rests On Shaky Legal Grounds
In its recent holding in a Chapter 7 bankruptcy case that marshaling may not be applied against the IRS, a Texas federal court misapplied a bankruptcy code section and case law, leaving a draconian decision that could limit the scope of a powerful equitable estate tool, says Brian Shaw at Cozen O'Connor.
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Law School's Missed Lessons: Becoming A Firmwide MVP
Though lawyers don't have a neat metric like baseball players for measuring the value they contribute to their organizations, the sooner new attorneys learn skills frequently skipped in law school — like networking, marketing, client development and case evaluation — the more valuable, and less replaceable, they will be, says Alex Barnett at DiCello Levitt.
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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
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Teaching Business Law Makes Me A Better Lawyer
Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the importance of the rule of law and the benefits of our common law system, which helps me maintain a clearer perspective on work, says David Feldman at Feldman Legal Advisors.
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Law School's Missed Lessons: Mastering Discovery
The discovery process and the rules that govern it are often absent from law school curricula, but developing a solid grasp of the particulars can give any new attorney a leg up in their practice, says Jordan Davies at Knowles Gallant.