Mid Cap

  • June 22, 2026

    Team Systems Trustee Seeks Default Judgment In Ch. 7 Fight

    The Chapter 7 trustee of government contractor Team Systems has asked a Delaware bankruptcy judge to issue sanctions and a default judgment in his favor, as he pursues an adversary case against the company's founders to recover estate assets transferred out of the company.

  • June 22, 2026

    Insurers' Asbestos Suit Ducks Pump Co. Bankruptcy Stay

    A Connecticut federal judge Monday agreed to lift the automatic stay that has stalled an asbestos indemnification lawsuit since October 2021, granting a joint motion from the bankrupt Nash Engineering Co.'s Chapter 7 trustee and two umbrella insurers seeking declarations that they don't owe coverage.

  • June 22, 2026

    Justices Won't Review Dispute Over Tax Fraud Deadline

    The U.S. Supreme Court declined on Monday to review a woman's challenge against the Internal Revenue Service over the period in which the agency can assess taxes on a taxpayer when a fraudulent third party triggers the liability.

  • June 22, 2026

    Meet The Attys For Home Decor Co. Simply Interior's Ch 11

    A team of attorneys from Goodwin Procter LLP and Potter Anderson & Corroon LLP are leading home decor and textile company Simply Interior through its Chapter 11 case.

  • June 22, 2026

    Axip Energy Gets OK On Ch. 11 Wind-Down Plan

    A Texas bankruptcy judge Monday approved natural gas compressor company Axip's Chapter 11 plan, allowing the debtor to wind down its remaining assets after selling most of the business earlier this year.

  • June 18, 2026

    Popeyes Franchisee Nears Restaurants Sale In Fla. Ch. 11

    A Popeyes franchisee inched closer to selling dozens of restaurants in its Florida Chapter 11 following last-minute tweaks to a proposed order after objections from several companies raised questions on whether a sale would result in negative proceeds for the debtor. 

  • June 18, 2026

    Asbestos Spinoff Battles Bid For Trustee Takeover In Ch. 11

    The chief legal officer of Georgia-Pacific spinoff Bestwall admitted Thursday that the company is exploring more bankruptcy filings, but denied the contention by asbestos claimants waiting on settlements that it's going to abandon the nearly 9-year-old Chapter 11 case.

  • June 18, 2026

    Cash Advances Helped Sink Summer Camp Operator

    Of the many mysteries still surrounding the tangled case of bankrupt summer camp operator SIMAD Holdings Ltd., one of the biggest, at least to those interested in business financing, is why such a large company would turn so sharply toward merchant cash advances — a method of last-ditch funding normally used by desperate small businesses.

  • June 18, 2026

    Ex-CEO Cites Mexico Ruling For Ch. 11 Dismissal In Delaware

    The former CEO of marine park company Dolphin Co. has asked the Delaware Bankruptcy Court to either dismiss the Chapter 11 case of Leisure Investments Holdings LLC or halt parts of the proceedings, arguing that a Mexican appellate court has reinstated an earlier insolvency case and restored his authority over the company's parent entity.

  • June 18, 2026

    What's Happening In Bankruptcy Court This Coming Week

    Prospect Medical Holdings hopes to win approval of a $26 million insurance settlement, a trial is scheduled in the involuntary Chapter 11 case of Chinese developer Xinyuan Real Estate, New Fortress Energy affiliates are seeking Chapter 15 recognition of their U.K. restructuring, and natural gas compressor company Axip Energy Services LP is seeking confirmation of its Chapter 11 plan.

  • June 18, 2026

    Texas Insurer Aims For August Hearing For Prepack Ch. 11

    Insurance underwriter Hallmark Financial Services told a Texas bankruptcy judge Thursday it plans to secure confirmation of its prepackaged Chapter 11 plan by the end of August, and that the ball was already rolling on the permissions needed to switch to new ownership.

  • June 17, 2026

    Dean Guitar Maker Says Family Fraud Sunk It Into Ch. 11

    Caught in a family dispute after the company's founder died, Tampa, Florida-based guitar and drum maker Armadillo Enterprises Inc. filed for Chapter 11 to resolve pending litigation and stabilize the business after alleged massive fraud by the founder's son, according to court documents.

  • June 17, 2026

    SIMAD Can Tap Cash To Open Summer Camps In Ch. 11

    SIMAD Holdings Ltd. won court permission on Wednesday to use some of its available $15.6 million of cash on hand as it races to open the 30 children's summer camps it owns for the season, after a freefall bankruptcy filing earlier this month left in doubt the fate of more than 20,000 campers.

  • June 17, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    A Delaware bankruptcy judge approved a whiskey distillery's amended liquidation plan. Creditors for boating retailer West Marine asked another Delaware judge to reject the company's plan disclosure. A the U.S. Trustee's Office balked at SiFi Networks America's proposed bid sweetener.

  • June 17, 2026

    Harvest Sherwood Gets OK On $150M Replacement DIP

    Defunct food distributor Harvest Sherwood secured a Texas bankruptcy judge's approval on Wednesday to take on $150 million in new Chapter 11 financing and set up bidding procedures for its exit funding, defeating an objection from a litigation finance firm.

  • June 17, 2026

    Venezuela Wins Bid To Delay Hearing In Citgo Sale Case

    The Third Circuit has agreed to a two-month postponement of oral arguments in Venezuela's challenge of a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of the country's debt, days after Caracas announced that it was switching counsel.

  • June 17, 2026

    SoHo Building Owner In NYC Eyes August Ch. 11 Confirmation

    The owner of a mixed-use building in Manhattan's SoHo neighborhood hopes to soon be able to seek votes on its Chapter 11 restructuring plan, which will transfer title of the property to the debtor's senior lender.

  • June 17, 2026

    Medical Spa Investment Co. Files Ch. 11 With $10M+ Debt

    An investment management firm specializing in medical spas and medical aesthetics providers has filed for Chapter 11 protection in Delaware with $10 million to $50 million in debt.

  • June 16, 2026

    US Magnesium Creditors Get OK On Ch. 11 Liquidation Plan

    A Delaware bankruptcy judge Tuesday signed off on a Chapter 11 liquidation plan proposed by US Magnesium's unsecured creditors, overruling objections to the deal by the debtor's owner and Wells Fargo.

  • June 16, 2026

    Highpower Investor Seeks Receiver For Dissolved Battery Co.

    A former Highpower International Inc. stockholder has asked the Delaware Chancery Court to appoint a receiver to take control of the dissolved battery maker's remaining assets and affairs, arguing it stripped itself of valuable assets while an appraisal case was pending and may no longer be capable of addressing outstanding claims.

  • June 16, 2026

    Catching Up With New Bankruptcy Case Action

    The maker of Sleep Number mattresses sought Chapter 11 protection in New York. A real estate company controlled by the Haruvi family that co-owns several apartment buildings in Manhattan also launched a bankrupt proceeding. And a California soda ash and borate mining operation filed Chapter 11 papers in Delaware.

  • June 16, 2026

    Dutch First Brands Unit Ultinon Can Seek Ch. 11 Plan Votes

    Ultinon Motion Holding BV, a Netherlands-based affiliate of embattled auto parts manufacturer First Brands received permission Tuesday to seek votes on a Chapter 11 liquidation plan after the debtor switched from an opt-out to an opt-in mechanism for obtaining creditor approval of third-party releases.

  • June 16, 2026

    Crypto Firm BlockFills Gets OK For $3.25M Ch. 11 Sale

    A Delaware bankruptcy judge on Tuesday agreed to approve the $3.25 million sale of cryptocurrency financial technology firm BlockFills to a Belgian digital asset investment group as BlockFills prepares for a Chapter 11 plan confirmation hearing.

  • June 16, 2026

    Texas Insurer Hits Ch. 11 With $134M Debt, Prepackaged Plan

    Insurance company Hallmark Financial Services has filed for Chapter 11 protection in Texas with a prepackaged plan to deal with nearly $134 million in debt with either a sale or an equity swap.

  • June 15, 2026

    Oakland Diocese Seeks OK For $180M Abuse Fund Ch. 11 Plan

    The Roman Catholic Diocese of Oakland on Monday asked a California bankruptcy judge to approve its $180 million Chapter 11 plan over the objections of sexual abuse claimants who argue the diocese can afford to give them a larger settlement.

Expert Analysis

  • Law School's Missed Lessons: Skillful Persuasion

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    In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.

  • Special Committees Gain Traction In Chapter 11 Investigations

    Excerpt from Practical Guidance
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    Tara Pakrouh at Morris James discusses why special committees are becoming more common in Chapter 11 bankruptcies, how they've been used in real cases and what makes them effective.

  • Ch. 7 Ruling Is Warning For Merchant Cash Advance Providers

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    A New York bankruptcy court’s recent ruling in favor of a Chapter 7 trustee for the bankruptcy estate of JPR Mechanical shows merchant cash advance providers why superficial agreement labels will not shield against preference liability, and serves as a guidepost for future contract drafting, say attorneys at Eversheds Sutherland.

  • Law School's Missed Lessons: Navigating Client Trauma

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    Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.

  • 4 Former Justices Would Likely Frown On Litigation Funding

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    As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • GENIUS Act Could Muck Up Insolvency Proceedings

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    While some of the so-called GENIUS Act's insolvency provisions are straightforward, others run the risk of jeopardizing the success of stablecoin issuers' insolvency proceedings and warrant another look from Congress, say attorneys at Morgan Lewis.

  • Playing The Violin Makes Me A Better Lawyer

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    Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.

  • Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

  • My Opera And Baseball Careers Make Me A Better Lawyer

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    Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.

  • Despite Dark Clouds, Outlook For US Solar Has Bright Spots

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    While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy industry, signs of continued growth in solar generating capacity and domestic solar manufacturing suggest that there is a path forward, say attorneys at Beveridge & Diamond.

  • Law School's Missed Lessons: Communicating With Clients

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    Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

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