Mid Cap

  • March 25, 2025

    Aerospace Co. Creditor Must Say If It Will Bid Against Debt

    The stalking horse bidder for the assets of bankrupt aerospace parts supplier Dynamic Aerostructures must inform the Delaware bankruptcy court by Thursday whether it intends to make a credit bid that includes $54 million of debt it currently holds against the company, after a judge found that a lack of clarity about the creditor's bid would affect other bidders.

  • March 25, 2025

    Apparel Biz Delta's Ch. 11 Converted To Ch. 7

    A Delaware bankruptcy judge has granted a motion from the former owner of the Salt Life clothing and lifestyle business, Delta Apparel Inc., to transition its bankruptcy case from a Chapter 11 to a Chapter 7 liquidation, following the company's failure to secure enough funding to continue its reorganization proceedings.

  • March 25, 2025

    Pension Seeks To Opt Class Out Of Cutera Ch. 11 Releases

    A pension fund heading up a class action against skin care technology group Cutera has urged a Texas bankruptcy court to find the shareholder has authority to opt all class members out of the company's Chapter 11 plan.

  • March 25, 2025

    Lowenstein Sandler Can Pursue NJ Dispensary Fraud Claims

    Lowenstein Sandler LLP on Tuesday secured a ruling enabling the firm to pursue claims that a cannabis dispensary committed a "fraud on the court," with a New Jersey state judge rejecting the business' attempt to preclude those claims in the firm's $800,000 suit over unpaid legal fees.

  • March 24, 2025

    Purdue Files New Plan, Forever 21 Hits Ch. 11 For 2nd Time

    Purdue Pharma proposed a new bankruptcy plan, under which the Sackler family and the company would pay a total of $7.4 billion to settle opioid-related claims. Meanwhile, Forever 21's U.S. arm filed for Chapter 11 protection in Delaware, securing court approval to close more than 300 stores and planning to exit bankruptcy by June. Plus, a Texas bankruptcy judge rejected an $8 million bid to purchase right-wing conspiracy theory peddler Alex Jones' Infowars, shutting down a request to reopen the asset sale process.

  • March 24, 2025

    Calif. Hotel Operator Given 1 Week Of Interim Ch. 11 Financing

    The owner and operator of a hotel in Southern California received a Delaware bankruptcy court's permission for a week of Chapter 11 financing after the judge said he would not approve MOM CA Investco LLC's initial debtor-in-possession funding proposal.

  • March 24, 2025

    Danish Court Sends Fintech Into Bankruptcy

    Fintech company Spark Technology A/S on Monday hit bankruptcy in the Bankruptcy Division of the Danish Maritime and Commercial Court after several months of being in hot water with the Danish Business Authority.

  • March 24, 2025

    ENGlobal Gets OK For Ch. 11 Asset Auction In April

    A Texas bankruptcy judge on Monday gave bankrupt engineering firm ENGlobal Corp. permission to put itself on the block a month from now, saying a quick sale made the most sense for the company.

  • March 24, 2025

    Vertical Farming Co. Files Ch. 11 Amid Financing Struggles

    Vertical farming venture Plenty Unlimited Inc. filed for Chapter 11 protection in Texas bankruptcy court with $100 million to $500 million of both assets and liabilities after struggling to raise fresh funds to support its money-losing business.

  • March 24, 2025

    DNA Testing Firm 23AndMe Files Ch. 11 With Plans To Sell

    DNA testing company 23andMe Inc. filed for Chapter 11 protection in Missouri bankruptcy court, listing $214 million of debt and saying it plans to sell its business through the bankruptcy process.

  • March 21, 2025

    Soybean Developer Benson Hill Can Tap $11M DIP In Ch. 11

    A Delaware bankruptcy judge on Friday gave interim approval to a high-protein soybean developer's $11 million debtor-in-possession loan, allowing it to access $3 million as it looks to sell itself within 75 days.

  • March 21, 2025

    Unlockd To Take Google Antitrust Battle To 9th Circ.

    Defunct advertising app maker Unlockd is hoping the Ninth Circuit will revive its antitrust suit accusing Google of allowing the then-up-and-coming business to build a reliance on Google platforms and then cutting it off once it became a threat.

  • March 21, 2025

    Danimer Approved For Initial Ch. 11 Loan As It Seeks Buyer

    Plastic alternative maker Danimer Scientific received interim approval Friday for $1 million in Chapter 11 financing, telling a Delaware bankruptcy judge that it is trying to find a buyer for its manufacturing facilities.

  • March 21, 2025

    No Suspension Pause For Ex-Alex Jones Atty, Ethics Boss Says

    A former Alex Jones attorney's two-week suspension from practicing law in Connecticut should not be halted amid an impending appeal, but he should get credit for a previous weeklong suspension he served over the same mishandling of confidential information about family members of Sandy Hook shooting victims, the state's chief legal ethics official said in a new filing.

  • March 21, 2025

    Credit Unions Denied Class Cert. In NY Rate Cut Suit

    A trio of Western New York credit unions can't get certification for a class of state court consumer debt judgment holders after a lengthy "abusive and tactical" delay in filing their certification bid in a suit over a state law aimed at decreasing the default interest rate for such judgments, a Manhattan federal judge found.

  • March 20, 2025

    NH Power Plant Co. Files New Ch. 11 Plan 1 Year Later

    The operator of a New Hampshire power plant fueled by scrap wood has asked for court approval to solicit creditor votes for a new version of its Chapter 11 plan, which opts for restructuring the company rather than selling it as contemplated by the earlier version it filed nearly one year ago.

  • March 20, 2025

    Judge Nixes Bid For InfoWars Publisher In Alex Jones Ch. 7

    A Texas bankruptcy judge has rejected a new $8 million cash offer for Free Speech Systems, the publisher of InfoWars, writing he already ruled out a sale of FSS' assets in the Chapter 7 of conspiracy theorist Alex Jones.

  • March 20, 2025

    Bad Faith Dismissal Shows Perils Of Involuntary Filing

    A Delaware bankruptcy judge's dismissal of the involuntary Chapter 7 of the defunct subsidiary of an electric vehicle company as a bad faith end-run around a district court ruling is an example of the perils of an involuntary filing, bankruptcy professionals told Law360.

  • March 20, 2025

    Houston's MMA Law Inks Ch. 11 Deal With Litigation Funder

    Houston's bankrupt MMA Law Firm PLLC has struck a deal to share the proceeds of its mass tort lawsuits with litigation funders Equal Access Justice Fund LP, a key creditor, in exchange for support of its Chapter 11 plan.

  • March 20, 2025

    UpHealth Extends Ch. 11 Voting Deadline For The Fifth Time

    Bankrupt medical technology company UpHealth has extended the voting deadline for its confirmed Chapter 11 reorganization plan and disclosure statement to next week, marking the fifth extension since the original deadline in February.

  • March 20, 2025

    NY Nursing Home Gets Ch. 11 Sale OK, Averting Closure

    Nursing home operator Cold Springs told a New York bankruptcy judge Thursday the buyer of its 588-bed facility has quelled a dispute with a healthcare workers' union, clearing the way for a Chapter 11 sale.

  • March 20, 2025

    Travel App Mondee Wants Case Converted To Ch. 7

    Travel app company Mondee Holdings Inc. asked a Delaware bankruptcy judge late Wednesday to convert its Chapter 11 case to a liquidation under Chapter 7, saying after it closes on a sale of its assets to existing lenders it won't have enough cash to pay the costs associated with confirming a Chapter 11 plan.

  • March 20, 2025

    NJ Event Venue Faces Ch. 11 Dismissal Over Insurance Issues

    The Office of the U.S. Trustee urged a New Jersey federal judge to throw out or convert to a Chapter 7 liquidation the bankruptcy case of event venue The Chariot, saying the debtor's insurance for its $42 million worth of property is not sufficient.

  • March 20, 2025

    Soybean Co. Benson Hill Hits Ch. 11 With Plans To Sell

    Benson Hill Inc., a company that develops a high-protein soybean, filed for Chapter 11 protection in Delaware bankruptcy court Thursday with $110.7 million in debt and plans to sell its assets through the case.

  • March 20, 2025

    Denver Environmental Lawyer Rejoins V&E From Kirkland

    Vinson & Elkins LLP has announced the return of a Denver environmental lawyer from Kirkland & Ellis LLP.

Expert Analysis

  • Perfecting Security Interests In Renewable Energy Tax Credits

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    The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.

  • Firms Still Have Lateral Market Advantage, But Risks Persist

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    Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.

  • We Must Allow Judges To Use Their Independent Judgment

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    As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.

  • Performing Stand-Up Comedy Makes Me A Better Lawyer

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    Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances and my legal career has demonstrated that the keys to success in both endeavors include reading the room, landing the right timing and making an impact, says attorney Rebecca Palmer.

  • 3 Del. Bankruptcy Cases Highlight US Trustee Objections

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    As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agreement should be prepared for the U.S. Trustee Office's objections, including if the proposed classification for the bid protections is a superpriority administrative expense claim, says Kyle Arendsen at Squire Patton.

  • Adapting To Private Practice: From SEC To BigLaw

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    As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to build a deep rapport and demonstrate my value, says Jennifer Lee at Jenner & Block.

  • 4 Ways Women Attorneys Can Build A Legal Legacy

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    This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.

  • A Judge's Pointers For Adding Spice To Dry Legal Writing

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    U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

  • Lessons Learned From SAS' Flight Through Chapter 11

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    Scandinavia's SAS is the first European airline to find its wings through the U.S. Chapter 11 process since COVID-19 rocked the aviation industry — and while the process involved some familiar steps, certain complex jurisdictional issues and non-U.S. stakeholders required the carrier to venture into uncharted airspace, says Emily Hong at Norton Rose.

  • Bankruptcy Ruling Provides Guidance On 363 Asset Sales

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    HE v. Avadim Holdings, a recent ruling from the District of Delaware, underscores the principle that rejection of executory contracts does not unwind completed transfers of property and the importance of clear and precise language in sale orders and asset purchase agreements in bankruptcy cases, say attorneys at Eversheds Sutherland.

  • 7 Tips For Associates To Thrive In Hybrid Work Environments

    Excerpt from Practical Guidance
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    As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.

  • Playing Beach Volleyball Makes Me A Better Lawyer

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    My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.

  • Terraform Case May Be Bellwether For Crypto Enforcement

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    The prosecution of crypto company Terraform Labs and its CEO, Do Kwon, offers a unique test of the line between lawful and unlawful conduct in digital transactions, and the Trump administration’s posture toward the case will provide clues about its cryptocurrency enforcement agenda in the years to come, say attorneys at Brooks Pierce.