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

Data Research Firm Dynata Hits Ch. 11 With Over $1B Debt

Global data provider and market research company Dynata LLC filed for Chapter 11 bankruptcy in Delaware on Wednesday with $1.4 billion in total debt, blaming a business slowdown on a steep drop in M&A deals, p... (more story)

Full 5th Circ. Urged To Rethink Blocking Student Loan Rule

The U.S. Department of Education has asked the full Fifth Circuit to reconsider a recent preliminary injunction a three-judge panel ordered blocking changes to a program providing student loan forgiveness to b... (more story)

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 the near future.

Mid Cap More

Fraud Defendant Strikes Deal To End Ch. 11, Sell House

A corporation owned by the defendant in a $93 million securities fraud case Wednesday told a Florida bankruptcy judge it has reached a deal to end its Chapter 11 case and sell the multimillion-dollar Coral Gab... (more story)

Biotech Co. Gamida Gets OK For Prepack Ch. 11 Plan

A Delaware bankruptcy judge said she would approve a prepackaged confirmation plan for Gamida Cell Inc. that would turn the biotechnology company over to its largest creditor.

Soured Partnership Tanks Dallas Tower Weakened By COVID

In the fourth story in a series on distressed office properties in various U.S. markets, Law360 Real Estate Authority examines how a solid office building in an otherwise strong market — Dallas' Uptown — start... (more story)

Tommy's Boats Hits Ch. 11 After Alleged M&T Bank Default

Boat and water sports retailer Tommy's Boats has filed for Chapter 11 protection in Texas bankruptcy court, listing up to $500 million in debt after allegedly breaching an agreement with lender M&T Bank. 

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)