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Expert Analysis

Bankruptcy Courts May Be Budding Open To Cannabis Cases

Two recent California bankruptcy court rulings, denying motions to dismiss the respective debtors' bankruptcies, p... (more story)

Chapter 11 Ruling Signals Emphasis On Lockup Provisions

A New York bankruptcy court's recent ruling in GOL Linhas Aéreas Inteligentes’ Chapter 11 case provides creditors ... (more story)

Vendor Rights Lessons From 2 Chapter 11 Cases

A Texas federal court’s recent critical vendor order in the Zachry Holdings Chapter 11 filing, as well as a settle... (more story)

Large Cap More

TPG Dumped Opioid Co. On 'Unsuspecting' Endo, Suit Says

After pushing Par Pharmaceutical to grow its market share in generic opioids and disregard federal requirements to report suspicious orders, TPG Capital saw other opioid manufacturers being inundated with liti... (more story)

Chinese Exile's Daughter Wants Ch. 11 Sanctions Overturned

The daughter of bankrupt Chinese exile Miles Guo and her New Jersey-based attorney are asking the Second Circuit to overturn a bankruptcy judge's $83,370 discovery sanction, calling the discovery requests in q... (more story)

FTX Sees Push For Disputed Claim Reserve In Ch. 11 Plan

The litigation administrator for the Celsius Network Chapter 11 plan and the liquidators of Three Arrows Capital have asked a Delaware bankruptcy court to reject FTX's Chapter 11 plan, unless it reserves funds... (more story)

Ex-McElroy Execs' Theft, Bias Cases Paused Amid Ch. 11

A New Jersey state court has sided with McElroy Deutsch and stayed all litigation between the law firm and two former executives, including both the firm's fraud claims and discrimination counterclaims made ag... (more story)

Robertshaw Judge OKs Ch. 11 Exit Plan Opposed By Invesco

A Texas bankruptcy judge approved appliance-parts maker Robertshaw's Chapter 11 reorganization plan, overruling an objection from the company's onetime controlling lender and allowing Robertshaw to turn over i... (more story)

Convenience Store Co. SQRL Hits Ch. 11 With Over $1B Debt

Convenience store chain SQRL Service Stations filed for Chapter 11 protection in Texas bankruptcy court with more than $1 billion of debt after fending off a pair of involuntary bankruptcies from its creditor.

2 BigLaw Firms Nix Bankruptcy Judge Romance Suit, For Now

A Texas federal judge Friday tossed an investor's racketeering lawsuit alleging a conspiracy involving Kirkland & Ellis LLP, Jackson Walker LLP, a disgraced Texas bankruptcy judge and his secret romance with a... (more story)

Real Estate Recap: Cases To Watch, DC Flooding, NYC Hotels

Catch up on the past week's key developments by state from Law360 Real Estate Authority — including the commercial real estate cases to watch in 2024's second half, one BigLaw attorney's thoughts on new Washin... (more story)

Feds To Appeal Platinum Win Over Zero Loss, Count Toss

Federal prosecutors have notified the Second Circuit that they'll appeal a judge's findings that the loss amount in the case of Platinum Partners co-founder Mark Nordlicht was zero and the wire fraud conspirac... (more story)

McKinsey Drove Opioid Sale Scheme, Endo Ch. 11 Trust Says

Consulting giant McKinsey & Co. should pay at least $1.5 billion to cover costs pharmaceutical developer Endo International racked up defending against claims that it helped drive the opioid crisis, an unsecur... (more story)

Mid Cap More

US Trustee Says Hardinge Bidder Doesn't Need Expenses Paid

The U.S. Trustee's Office objected to expense reimbursements to the $100 million stalking-horse bidder for the assets of New York-based metal-cutting machine toolmaker Hardinge Inc., arguing that the provision... (more story)

US Trustee Says Basic Fun Restructuring Deal Too Broad

The U.S. Trustee's Office asked a Delaware bankruptcy judge to reject toymaker Basic Fun's restructuring support agreement, saying it would improperly pay creditor legal fees and include parties that are not i... (more story)

BowFlex Gets OK For Ch. 11 Plan With 3rd-Party Releases

A New Jersey bankruptcy judge Monday approved fitness equipment maker BowFlex Inc.'s Chapter 11 plan, finding the plan's liability releases for third parties were consensual and allowed under the U.S. Supreme ... (more story)

NJ Office Building Seeks Ch. 11 Following '22 Default Actions

A New Jersey office property owned by New York developer Moshe Gold filed for federal Chapter 11 bankruptcy protection after facing a foreclosure action and an involuntary bankruptcy petition that paused a she... (more story)

Greek Shipping Titan's Widow Files For Bankruptcy In NY

Antonia Milonas, the widow of late Greek shipping magnate Spiros Milonas, is seeking bankruptcy protection in New York with about $6.7 million in debt owed to the IRS, her mortgage lender and others.

Former Texas Judge Sanctioned Over Atty Romance Interview

Former bankruptcy judge David R. Jones was sanctioned Friday for an "off the record" interview with Jackson Walker LLP, in which he asked the firm not to take his deposition during a federal investigation into... (more story)

Bittrex Can Close Case But Must Set Aside $3.4M, Judge Says

A Delaware bankruptcy judge said Friday that defunct cryptocurrency exchange Bittrex Inc. can close its Chapter 11 case on the condition that it reserves $3.4 million in funds for four Iranian customers who ar... (more story)

Parsons Behle Continues Growth With Southern Utah Office

Utah-based law firm Parsons Behle & Latimer PC has added its 11th office by adding five attorneys from St. George, Utah, business law firm Gallian Welker & Associates.

Ch. 7 Trustee Can't Recover Tax Payment, States Tell Justices

A group of roughly two dozen states threw their support behind the federal government in asking the U.S. Supreme Court to overturn a ruling that forced the IRS to return a tax payment after a bankruptcy truste... (more story)

Tom Girardi Has Dementia, USC Neurologist Tells Calif. Jury

A University of Southern California neurology professor testified Thursday in Tom Girardi's California federal criminal trial that she diagnosed him with mild-to-moderate dementia months after his law firm col... (more story)