Expert Analysis

11th Circ. Ruling May Foreshadow Ch. 15 Clashes

The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the S... (more story)

Bankruptcy Courts Have Contempt Power, Del. Case Reminds

A Delaware bankruptcy court recently held Camshaft Capital and its principal in contempt, serving as a reminder to... (more story)

What Lies Behind Diverging US And UK Insolvency Trends

Contrasting U.K. and U.S. insolvency trends highlight the importance of policy interventions in shaping consumer f... (more story)

Large Cap More

Bankrupt SVB Fights To Keep $1.9B Suit Against FDIC Alive

The bankrupt former parent company of Silicon Valley Bank urged a California federal judge on Tuesday not to toss its suit against the Financial Deposit Insurance Corp. that seeks to get the deposit insurer to... (more story)

Talc Biz Barretts Gets New $30M DIP Loan From Parent Co.

Barretts Minerals, a company that mines talc, received a Texas bankruptcy court's approval Tuesday to tap $30 million in emergency debtor-in-possession financing from a subsidiary of its nondebtor parent compa... (more story)

Yellow Corp. Seeks Ch. 11 Plan Extension After $2B In Sales

Bankrupt trucking firm Yellow Corp. has asked a Delaware judge to extend the period during which it has the exclusive right to file a Chapter 11 plan for the third time, touting its nearly $2 billion in real e... (more story)

Ex-Director For Byju's Alpha In Contempt Over Missing $533M

A Delaware bankruptcy judge on Tuesday held in contempt a former executive for the insolvent U.S. affiliate of Indian education technology giant Byju's, finding he had been disingenuous about his attempts to t... (more story)

Alex Jones Judge Sets Day Of Reckoning For Ch. 11 Case

Saying that something has to happen in the bankruptcy case of right-wing radio firebrand Alex Jones, the Texas judge overseeing the case reiterated his position that Jones' Chapter 11 plan will be confirmed at... (more story)

Cano Judge Agrees To OK Ch. 11 Plan Disclosure Statement

A Delaware bankruptcy judge agreed on Tuesday to sign off on Miami-based primary healthcare group Cano Health Inc.'s Chapter 11 disclosure statement for purposes of soliciting creditor votes once the debtor fi... (more story)

Strategic Hiring Was The New Normal For BigLaw In 2023

The 400 largest law firms by headcount in the U.S. grew more slowly in 2023 than in the previous two years, while Kirkland & Ellis LLP surpassed the 3,000-attorney threshold, according to the latest Law360 ranking.

The Law360 400: Tracking The Largest US Law Firms

The legal market expanded more tentatively in 2023 than in previous years amid a slowdown in demand for legal services, especially in transactions, an area that has been sluggish but is expected to quicken in ... (more story)

Contractor For Exxon, QatarEnergy LNG Venture Hits Ch. 11

The general contractor for a liquefied natural gas project co-owned by Exxon Mobil Corp. and QatarEnergy filed for Chapter 11 protection in Texas bankruptcy court Tuesday with more than $1 billion of debt, say... (more story)

Rite Aid Settles Trademark Suit Over New Logo

Rite Aid has reached an agreement with Brand Design Co. to end a lawsuit claiming that the drugstore chain misused the design firm's font for a new logo, the parties have told a Pennsylvania federal court.

Mid Cap More

Red Lobster Gets OK To Tap $40M Ch. 11 Loan

A Florida bankruptcy judge Tuesday gave seafood chain Red Lobster interim permission to draw on $40 million in Chapter 11 financing the company says is necessary to keep its restaurants running while it seeks a sale.

SPAC Investor's Suit Changes Came Too Late, Chancery Rules

A shareholder of a special-purpose acquisition company that merged with a now-defunct medical technology company in 2021 waited too long to amend his year-old proposed class action and must defend the case aga... (more story)

Giuliani, Poll Workers Ink Deal In Bankruptcy Defamation Suit

Rudy Giuliani and two Georgia election workers reached an agreement Tuesday in a lawsuit filed in his bankruptcy case that would bar the former Donald Trump lawyer from repeating lies that the pair committed b... (more story)

Holistic Medical Co. UrgentPoint Files Ch. 11 With $3M In Debt

Holistic medical provider UrgentPoint Inc. has filed for Chapter 11 bankruptcy protection in Delaware with the hopes of restructuring $3 million in secured debt, with its CEO blaming the bankruptcy on an expen... (more story)

Tremont Chicago Hotel Lender Calls For End To Ch. 11 Case

Citing a bankrupt owner's lack of equity and longstanding defaults, the senior secured creditor to Chicago's defunct former Tremont Hotel has asked a Delaware bankruptcy judge to dismiss the case or lift its C... (more story)

Colombian Lender Extends Ch. 11 Plan Objection Deadline

An ad hoc group holding some of the debt of Colombian consumer lending giant Credivalores-Crediservicios voiced concerns about the debtor's prepackaged Chapter 11 plan, prompting the debtor to extend its objec... (more story)

Virginia Co. Can't Escape Tax After Exiting Bankruptcy

A Virginia company that filed for Chapter 11 bankruptcy is on the hook for a disputed corporate income tax assessment because the liability occurred after the company emerged from bankruptcy, the state's tax c... (more story)

Shoes For Crews Pursues $290M Credit Bid Sale To Lenders

Nonslip shoe company Shoes for Crews has canceled a planned auction for its assets after receiving no bids and declared it will go forward with a sale to a group of its first-lien lenders for a $290 million credit bid.

Window Maker View Gets OK On Ch. 11 Plan To Go Private

View Inc., a "smart glass" maker once valued at $2 billion, received a Delaware bankruptcy judge's approval on Monday to convert more than $274 million in debt to equity under a Chapter 11 plan that calls for ... (more story)

Catching Up With Delaware's Chancery Court

Delaware was full of drama last week, as proposed changes to the state's corporate law statutes raised eyebrows and a professor's friend-of-the-court brief sparked a very unfriendly public exchange. Delaware's... (more story)