To access this content, a subscription to Bankruptcy Authority is required.

Expert Analysis

Judicial Committee Best Venue For Litigation Funding Rules

The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclo... (more story)

The Strategic Advantages Of Appointing A Law Firm CEO

The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely ... (more story)

What Being An 'Insider' Means In Ch. 11, And Why It Matters

As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitig... (more story)

Large Cap More

NJ Diocese Gets Insurer's Abuse Coverage Suit Tossed

A New Jersey federal court tossed an insurer's suit seeking to escape coverage for more than 200 sexual abuse lawsuits brought against the Catholic Diocese of Trenton, saying Monday the suit "relies on a stric... (more story)

Attys Seek $48M Fees For Hooking $152M In Tuna Fixing Deals

Lawyers for a class of consumers that sued three of the largest tuna producers accusing them of conspiring to fix tinned fish prices asked a California federal court to approve nearly $50 million in legal cost... (more story)

Mich. Firm Can't Get More Fees From Nassar Suits, Jury Finds

A Michigan federal jury said Monday a personal injury firm already got what it was owed as local counsel for survivors of former USA Gymnastics doctor Larry Nassar's abuse, rejecting the firm's claims against ... (more story)

Linklaters Adds 4 A&O Shearman Finance Partners In NY

Linklaters LLP announced Monday the addition of four partners from the recently merged Allen Overy Shearman Sterling to the firm's finance division, deepening its U.S. capital markets and restructuring offerings in New York.

FTX Reaches $228M Deal With Crypto Co. Bybit

The FTX bankruptcy estate reached a deal worth about $228 million to resolve its lawsuit against cryptocurrency exchange Bybit and the firm's investment arm, Mirana Corp., that alleged they unfairly jumped the... (more story)

Steward Gets OK For 7 More Hospital Sales

A Texas bankruptcy judge said he would approve the sale of seven more of Steward Health Care's hospitals to affiliates of California-based Healthcare Systems of America, including five in Florida and two in Texas.

Spirit Airlines Eyes $80M In Cost Cuts Amid New Deal Rumor

Spirit Airlines will implement layoffs as part of a plan to cut roughly $80 million in costs and has agreed to sell 23 Airbus aircraft to GA Telesis for about $519 million, disclosing the measures as the compa... (more story)

Judge Wants More Clarity About Alex Jones Ch. 7 Asset Sales

A Texas bankruptcy judge deferred ruling on a motion from the Chapter 7 trustee in the bankruptcy of right-wing media fabulist Alex Jones to conduct sales of certain of the estate's assets, saying he wants to ... (more story)

Big Lots Inc. Gets OK For Oct. 30 Ch. 11 Asset Auction

A Delaware bankruptcy judge Friday approved discount retailer Big Lots Inc.'s plans to put itself on the block next week after hearing the provider of the baseline bid for the sale had secured the financing fo... (more story)

McGlinchey Stafford Adds Finance Litigation Pro In Tampa

McGlinchey Stafford PLLC made its first new hire in Tampa after opening the Florida office in early September with the addition of an of counsel for the financial services litigation group from Garbett Allen & Roza PA.

Mid Cap More

NYC Real Estate Week In Review

Gibson Dunn and Seyfarth Shaw are among the law firms that steered the largest New York City real estate deals that hit public records last week, a list headlined by a pair of Brooklyn deals above the $200 million mark.

NY Firm Sued Over Botched $5M Art Collector Ch. 7 Dispute

A family enmeshed in New York's art world is suing their former attorneys in relation to a dismissed bankruptcy proceeding with an art collector over a breach of contract, alleging the attorneys' incompetence ... (more story)

NY Youth Welfare Org Receives $4M Bid For 12-Acre Campus

Longtime New York youth mental health services provider St. Christopher's Inc. has received a $4 million bid for its Dobbs Ferry residential campus in a Chapter 11 auction.

US Trustee Opposes NJ Building's Receiver Stipulation

The U.S. Trustee's Office is asking a New York bankruptcy judge to hold off a decision regarding the receivership of a New Jersey building owned by New York developer Moshe Gold until the judge decides what co... (more story)

Glocal, UpHealth May Settle $115M Award Feud

Indian healthcare services platform Glocal and bankrupt digital health services company UpHealth may be on the verge of resolving their bitter dispute over an ill-fated merger that resulted in a $115 million a... (more story)

Texas Pipe Co. Gets OK For $14.5M Asset Sale

A Texas bankruptcy judge approved a $14.5 million sale of pipe distributor Tubular Synergy Group's assets to pipe manufacturer Centric Pipe LLC after it emerged as the top bidder in a Chapter 11 auction.

Biolase Can't Hire Its Outside GC In Ch. 11, US Trustee Says

Dental procedure equipment maker Biolase Inc. cannot retain the company's longtime outside general counsel, Carroll & Carroll PC, as special counsel in its Chapter 11, the U.S. Trustee's Office has told the De... (more story)

Ex-Judge Can't Hide Bank Records In Romance Cash Probe

A Texas bankruptcy court on Friday shot down a former judge's bid to shield his banking records from a U.S. Trustee's Office inquiry into his concealed romantic relationship with a former Jackson Walker LLP pa... (more story)

DOJ Says Bankrupt Wound Care Group Under Investigation

The U.S. Department of Justice on Thursday told a Texas bankruptcy judge it has concerns about the Chapter 11 filing of a California wound care practice, saying it has been under investigation for possible fal... (more story)

3rd Circ. Says Retirement Funds Aren't Ch. 7 Estate Assets

A panel of the Third Circuit on Thursday upheld a New Jersey bankruptcy court's ruling that $1.7 million in retirement accounts are excluded from the Chapter 7 estate of an individual debtor and cannot be purs... (more story)