Expert Analysis

High Court Made Profound Mistake In Tossing Purdue Deal

The U.S. Supreme Court's recent decision to throw out Purdue Pharma's Chapter 11 plan jeopardizes a multistate agr... (more story)

What FTX Case Taught Us About Digital Asset Recoverability

FTX's Chapter 11 plan has drawn lots of attention, but the focus should be on the anticipated outcome for investor... (more story)

A Midyear Forecast: Tailwinds Expected For Atty Hourly Rates

Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this... (more story)

Large Cap More

5th Circ. Lifts Civil Rights Suit Stay In La. Diocese Case

The Fifth Circuit Court of Appeals reversed a Louisiana bankruptcy court's decision applying the automatic stay of litigation to a group of children suing the bankrupt Archdiocese of New Orleans, saying the la... (more story)

Judge 'Disappointed' By Atty Prep In SVB Financial Ch. 11 Tiff

A New York bankruptcy judge said he wasn't prepared to decide if joint liquidators of Silicon Valley Bank's Cayman Islands arm have standing to bring a $476 million claim in the Chapter 11 of the bank's former... (more story)

Prison Health Co. Strikes $75M Deal With Tehum Creditors

Prison health provider YesCare Corp. says it has reached a $75 million settlement of claims against bankrupt spin-off Tehum Care Services, replacing a $54 million deal rejected by a Texas bankruptcy judge in April.

6 Firms Steer Latin American Airline Giant's $533M IPO Plans

Latam Airlines Group SA on Thursday outlined plans for an estimated $533 million U.S. initial public offering, guided by six law firms, marking a return to U.S. markets two years after the South American airli... (more story)

Judge Won't Pause Sanctions In Byju's Ch. 11

A Delaware district court Thursday ruled hedge fund Camshaft Capital Fund LP cannot hold off a contempt order from a Delaware bankruptcy court in the Chapter 11 case of Byju's Alpha while it appeals the sancti... (more story)

Girardi Denied Bid To Delay Client Theft Trial To October

A California federal judge rejected disgraced lawyer Tom Girardi's motion to have his closely watched wire fraud trial moved to October from its current August start date, determining that he was unable to pro... (more story)

Womble Bond Adds Finance Atty With Latin America Focus

Womble Bond Dickinson's growing New York office is welcoming a capital markets and structured finance attorney after his more than 10 years with Hogan Lovells, most recently in Brazil.

Rising Star: Brown Rudnick's Kenneth Aulet

Kenneth Aulet of Brown Rudnick LLP has represented creditors in major bankruptcies like that of crypto giant Blockfi Inc. and has also represented that company's wind-down administrator, earning him a spot amo... (more story)

Pashman Stein Gets Bankruptcy Pro From Whiteford Taylor

Pashman Stein Walder Hayden PC has added to its Wilmington, Delaware, office a bankruptcy attorney who most recently worked at Whiteford Taylor & Preston LLC and also spent more than 30 years at Troutman Peppe... (more story)

Richards Layton Names New Bankruptcy, Biz Dept. Chairs

Delaware firm Richards Layton & Finger PA has appointed two seasoned attorneys who have each been with the firm for more than three decades to serve as chairs for its bankruptcy and corporate restructuring dep... (more story)

Mid Cap More

Atty Says Golf Malpractice Row Already Ran Its Course

An attorney seeking summary judgment in a legal malpractice suit told a New York federal judge that, five years and three courts later, the owners of the Foothills Club West Golf Court have still failed to pro... (more story)

Red Lobster Angles To Keep More Than 100 Leases In Ch. 11

Red Lobster's well-known Times Square location in New York City is off the chopping block of potential closures, for now, along with 112 other outposts of the casual dining seafood chain, after the troubled co... (more story)

Pool Co. Wants To Dig Into Rival's Alter Egos For $16M Verdict

Pool supply company Hayward Industries Inc. is looking to force responses from the alter egos of bankrupt rival Blueworks Corp. regarding their assets, bank accounts and property so that Hayward can collect on... (more story)

UpHealth Pitches Ch. 11 Sale Of Behavioral Health Sub

UpHealth Holdings Inc. has asked a Delaware bankruptcy judge to approve proposed bidding procedures governing the sale of the debtor's equity in non-debtor subsidiary TTC Healthcare, a behavioral health compan... (more story)

Tender Greens And Tocaya Hit Ch. 11 With Post-COVID Woes

The Los Angeles-based casual restaurant chain that operates Tender Greens and Mexican eatery Tocaya, One Table Restaurant Brands LLC, filed for Chapter 11 bankruptcy Wednesday in Delaware bankruptcy court, wit... (more story)

1st Circ. Affirms SEC's $32M Win Against Investment Adviser

The First Circuit upheld roughly $32 million in fees, disgorgement and interest the U.S. Securities and Exchange Commission won against a Nevada-based investment adviser, who was found to have defrauded client... (more story)

Christian-Based Senior Living Co. Hits Ch. 11 From COVID-19

A healthcare nonprofit operating senior living facilities across 10 locations in the Midwest filed for Chapter 11 under $50 million in debt after COVID-19 induced increased costs for labor and supplies.

Fight Over Liberace's Rhinestone Piano Reaches Boston Jury

A lawyer for Gibson Guitars' charitable arm told a Boston federal jury Wednesday that a music store has refused to return a rhinestone-encrusted grand piano once used by Liberace, wrongly claiming it was given as a gift.

Pioneer Health Creditors Want Trustee To Run Co.

Creditors of orthopedic clinic operator Pioneer Health Systems asked a Delaware bankruptcy judge to turn control of the business over to the Subchapter V Trustee in the Chapter 11 case, saying Pioneer is vying... (more story)

Giuliani's Ch. 11 Dismissal Held Up By Financial Opacity

The dismissal of Rudy Giuliani's Chapter 11 case was held up Wednesday when the debtor and creditors couldn't agree on the terms of a dismissal order due to lingering questions about Giuliani's available cash ... (more story)