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Expert Analysis

Considering Possible PR Risks Of Certain Legal Tactics

Disney and American Airlines recently abandoned certain litigation tactics in two lawsuits after fierce public bac... (more story)

It's No Longer Enough For Firms To Be Trusted Advisers

Amid fierce competition for business, the transactional “trusted adviser” paradigm from which most firms operate i... (more story)

Expect More Restaurant Ch. 11s As COVID Debt Comes Due

The wave of restaurant bankruptcies is likely to continue in the coming months as companies face the looming repay... (more story)

Large Cap More

Puerto Rico Utility Creditors Seek OK For Bond Claims Suit

Representatives of the Puerto Rico Electric Power Authority's unsecured creditors are asking a New York federal judge to allow them to contest what they say is the wrongful lumping of $8.4 billion in bondholde... (more story)

Del. Judge To Mediate Incora Ch. 11 Plan Disputes

U.S. Bankruptcy Judge Brendan L. Shannon of Delaware said Friday he would oversee the mediation of a dispute in Texas bankruptcy court that involves aircraft parts supplier Incora and two rival groups of credi... (more story)

Judge Says Avon Should Hold Off On Deal With Parent Co.

A Delaware bankruptcy judge told cosmetics giant Avon Products Inc. on Thursday that it needs to give creditors more time to investigate its dealings with its Brazilian parent company before he can approve a p... (more story)

NY Diocese Reaches $323M Settlement With Abuse Survivors

Long Island's bankrupt Roman Catholic diocese has agreed to a nearly $323 million deal with hundreds of survivors of sexual abuse, a historic settlement that will bring to a close after four years the church's... (more story)

Del. Bankruptcy Judge Says Purdue Limits Opt-Out Releases

A Delaware bankruptcy judge says the U.S. Supreme Court's decision in Purdue Pharma LP barring nonconsensual third-party releases does not allow a kind of oft-used opt-out waiver for voters who don't return ballots.

J&J Is 'Forum-Shopping' In New Spinoff Ch. 11, Trustee Says

The U.S. Department of Justice's bankruptcy watchdog has asked a judge to send the latest Johnson & Johnson talc-liability spinoff bankruptcy to New Jersey, saying Thursday that J&J subsidiary Red River Talc's... (more story)

Atty Can't Shield Bank Records In Judge Romance Probe

A former Jackson Walker LLP lawyer on Thursday lost her bid to torpedo a subpoena from the U.S. Trustee's Office seeking her bank records in connection with an inquiry into her secret relationship with a forme... (more story)

FTX Strikes Deal With MDL Counsel For Ch. 11 Plan Support

FTX Trading Ltd. has asked a Delaware bankruptcy judge for permission to enact a settlement with plaintiffs and counsel it's facing in multidistrict litigation in Florida, saying the proposed deal would preven... (more story)

Stinson Adds Restructuring, Sports Atty From GrayRobinson

Stinson LLP has picked up an experienced of counsel from GrayRobinson PA, who joins its bankruptcy and creditors' rights practice and sports and recreation practice in both Tampa and Wilmington, Delaware.

Sullivan & Cromwell Didn't Ignore FTX 'Red Flags,' Report Says

The Chapter 11 examiner appointed in the bankruptcy case of fallen cryptocurrency exchange FTX Trading determined Wednesday that debtor law firm Sullivan & Cromwell didn't ignore any "red flags" about FTX's mi... (more story)

Mid Cap More

Giuliani Keeps Condo If He's In Fla. 'State Of Mind,' Judge Told

Rudy Giuliani's lawyer told a New York federal judge Friday that whether the ex-New York City mayor's Florida condo can be taken to help satisfy a $148 million defamation trial bill hinges not on whether he sp... (more story)

NYC Affiliates Of Troubled Miami Office Owner File Ch. 11

Two entities related to The Gateway at Wynwood, an office building in a hip Miami neighborhood whose owner went bankrupt in July, are now themselves seeking Chapter 11 protection in New York, each claiming a b... (more story)

Bankruptcy Firm Calls Rival's Ch. 11 A Bad Faith Case

Consumer bankruptcy firm Hoglund & Mrozik PLLC has asked a Minnesota bankruptcy judge to reject the proposed Chapter 11 plan of rival LifeBack Law Firm, calling the case a bad-faith attempt to dodge an arbitra... (more story)

LA Plane Parts Maker Hits Ch. 11 With At Least $10M In Debt

A California-based aircraft parts maker, Skylock Industries, filed for bankruptcy reporting between $10 million to $50 million in both assets and liability as it faces litigation alleging that it owes half a m... (more story)

Y Combinator-Backed Firstbase.io Files Ch. 11 In New York

Firstbase.io Inc. has filed for Chapter 11 protection in New York bankruptcy court with up to $50 million of debt, more than three years after the business services company nabbed an investment from startup ac... (more story)

8th Circ. Told Student Debt Relief Should Remain Blocked

Seven Republican-led states are asking the Eighth Circuit to finalize its court order blocking the Biden administration from implementing its second attempt at student loan forgiveness, accusing the White Hous... (more story)

Developer's NorCal Spree Ends With Fraud Claims In Ch. 11

Northern California real estate company LeFever Mattson stockpiled more than $400 million in real estate, including several local landmarks in a small town north of San Francisco. The firm now seeks bankruptcy... (more story)

Cash4Cases Ch. 7 Trustee Loses $280K Clawback Bid

A New York bankruptcy judge has ruled against the Chapter 7 trustee trying to claw back money for the estate of Cash4Cases, a litigation finance firm whose disbarred founder went to prison for fraud, saying a ... (more story)

Silvergate Can't Block Activist Investor From Board In Ch. 11

The parent company of defunct cryptocurrency-friendly bank Silvergate on Wednesday lost its bid to keep activist investor Joseph Stilwell from seeking election to its board, after a Delaware bankruptcy judge r... (more story)

UpHealth Wins Most Of $115M Award In Glocal Merger Dispute

Bankrupt digital health services company UpHealth can enforce a large part of a $115 million arbitral award against the Indian healthcare services platform Glocal in their feud over an ill-fated merger, an Ill... (more story)