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Bankruptcy
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March 16, 2026
Crypto Selloff Sends Trading Platform BlockFills To Ch. 11
Cryptocurrency company BlockFills has filed for Chapter 11 protection in Delaware bankruptcy court with up to $500 million in debt weeks after pausing customer withdrawals amid a selloff in crypto markets.
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March 13, 2026
PE Firm Seeks To Block Calif. Suit Over $17.5M Deal
A private equity investment firm has asked the Delaware Chancery Court to block two former sellers of behavioral health facilities from pursuing a parallel lawsuit in California, arguing that the claims violate contractual provisions requiring any related disputes to be litigated in Delaware.
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March 13, 2026
Pa. City Receiver Challenges Law That Halted Ch. 9 Utility Sale
A state law that stripped a Pennsylvania city of its ability to appoint all the members of its water authority's board was unconstitutional, the bankrupt city of Chester said in a Pennsylvania Commonwealth Court petition Friday, challenging a law that derailed its Chapter 9 plans to sell the local agency's assets.
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March 13, 2026
Ethanol Giant Raizen Seeks US Nod For $12B Brazil Reorg
Raizen SA, the largest producer of ethanol in Brazil, and several affiliates filed for Chapter 15 recognition in New York on Thursday with 65.1 billion reais, or about $12 billion, of debt, after striking a preliminary restructuring agreement with some creditors that seeks to halt a downward liquidity spiral.
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March 13, 2026
Competing Plans To Move Forward In Oakland Diocese Ch. 11
A California bankruptcy judge said Friday that he wants competing Chapter 11 plans to proceed in parallel in the case of the Roman Catholic Diocese of Oakland, telling the debtor and the creditors committee that there are flaws in each proposal.
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March 13, 2026
Philly Music Venue Hits Ch. 11 With Tax Liens, Lawsuits
World Cafe Live, a nonprofit live performance venue in Philadelphia, got a Pennsylvania bankruptcy judge's permission Friday to fund its Chapter 11 proceeding for two weeks after it filed for bankruptcy protection due to a looming closure for unpaid taxes.
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March 13, 2026
First Brands OK'd For Walbro Unit $50M Going Concern Sale
A Texas bankruptcy judge Friday approved the sale of First Brands' small engine part group Walbro as the car parts giant continues stakeholder talks in hopes of charting a consensual course out of Chapter 11.
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March 13, 2026
Guo Trustee Settles With Hogan Lovells, Troutman
The trustee administering the bankruptcy estate of exiled Chinese billionaire Miles Guo has asked a Connecticut judge to approve settlements against law firms Hogan Lovells International LLP, Troutman Pepper Locke LLP and Marini Pietrantoni Muniz LLC, among other avoidance action defendants.
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March 12, 2026
Celsius Accuses Fireblocks Of 'Staggering' Crypto Negligence
The Chapter 11 plan administrator for defunct cryptocurrency platform Celsius Network urged a New York bankruptcy judge Wednesday to order Fireblocks to respond to discovery demands over the cybersecurity company's alleged "staggering negligence" that led to the destruction of cryptographic keys and the loss of Ethereum tokens worth tens of millions of dollars.
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March 12, 2026
FDIC Owns SVB Insurance Claims, Court Told
The Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank after its historic collapse in early 2023, is entitled to recover on what could be tens of millions of dollars in financial institution bond proceeds, the FDIC's counsel told a North Carolina federal court Thursday.
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March 12, 2026
Feds Rip 'Incoherent' SBF Claim Of Political Weaponization
Federal prosecutors fired back at convicted FTX founder Sam Bankman-Fried's pro se bid for a new trial as a "transparent attempt" to further allegedly false narratives that his collapsed crypto exchange was solvent, and he was a victim of political retribution.
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March 12, 2026
Track & Field League Gets OK For Vote On Reorg Plan
A Delaware judge Thursday gave an Olympic medalist-founded startup track-and-field league permission to send its equity-swap Chapter 11 reorganization plan out for a creditor vote, overruling claims the plan is too unfair to creditors to be approved.
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March 12, 2026
First Brands Must Return $25M To Cover Ch. 11 Factor Claims
A Texas bankruptcy judge directed auto parts supplier First Brands Group on Thursday to transfer $25.7 million back into a segregated account set aside for third-party factoring lender claims to provide those lenders with adequate protection of their collateral.
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March 12, 2026
Skadden Welcomes Finance Duo From Paul Hastings
Skadden Arps Slate Meagher & Flom LLP announced on Thursday that it has added two attorneys who have experience with complex debt financing transactions from Paul Hastings LLP, with Skadden calling the hires a boost to the firm's private credit and restructuring capabilities.
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March 11, 2026
Del Monte's Minority Lenders Say Ch. 11 Plan Unfair
A minority group of lenders to Del Monte Foods are objecting to the canned food giant's Chapter 11 plan disclosures, saying the disclosure is uninformative and the proposed plan hopelessly unfair to their interests.
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March 11, 2026
MV Realty Settles Mass. AG's Predatory Mortgage Claims
Real estate lender MV Realty's Massachusetts subsidiary and owners have agreed to discharge and release what the state's attorney general has called predatory mortgages peddled to vulnerable homeowners, resolving a 2022 lawsuit against the company.
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March 11, 2026
White & Case Blasts Bid To Quit CBRM Ch. 11
The troubled tale of New Jersey-based apartment building owner CBRM Realty Inc. has taken another turn as White & Case LLP objected to a move by the debtor's wind-down officer to resign.
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March 11, 2026
Crystallex Special Master Gets OK On $15.3M Atty Fee Bid
A Delaware federal judge has overruled jilted Citgo bidder Gold Reserve's objection to a special master's bid for $15.3 million in attorney fees, rejecting its argument that the request was unreasonable in defunct mining company Crystallex's massive case against Venezuela.
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March 11, 2026
El Paso Diocese Files Ch. 11 Amid Abuse Litigation
The Catholic Diocese of El Paso filed for Chapter 11 relief in Texas as it faces 12 pending sexual abuse lawsuits from 18 plaintiffs involving allegations from 1956 to 1982.
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March 11, 2026
Spirit Air Gets OK For $533M Baseline Bid In April Jet Auction
A New York bankruptcy judge on Wednesday gave bankrupt air carrier Spirit Airlines permission to put 20 of the 48 aircraft it owns on the auction block next month with a baseline bid set at more than half a billion dollars.
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March 10, 2026
J&J Unit Wins Sanction In Talc Libel Case
A Virginia federal judge on Tuesday issued sanctions against a doctor being sued by a Johnson & Johnson unit over an article linking mesothelioma with talc products, saying that a jury will be told that he deleted emails about the article when he was legally obligated to keep them.
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March 10, 2026
Pa. Developer Hits Ch. 11 With Up To $10M In Liabilities
Southdown Properties Inc., a Pennsylvania developer, has filed for Chapter 11 protections with between $1 million and $10 million in estimated liabilities and assets.
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March 10, 2026
Oakland Diocese Calls Abuse Claimants' Plan Unreasonable
The Roman Catholic Diocese of Oakland on Tuesday told a California bankruptcy judge that a committee representing sexual abuse claimants is making unreasonable demands for cash and oversight in its newly proposed Chapter 11 plan for the diocese.
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March 10, 2026
Insurers Can't Resume Investor Fight In $220M Coverage Row
A Texas appellate court Tuesday rejected two insurance companies' bid to stop a group of shareholders of now-bankrupt Cobalt International Energy from pursuing claims on behalf of thousands of other investors, stymieing the carriers' attempts to curtail a fight over coverage of a $220 million securities settlement.
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March 10, 2026
First Brands Seeks Quick $50M Sale Of Walbro Biz In Ch. 11
Bankrupt car parts giant First Brands Group has asked a Texas judge to approve the $50 million sale of its small engine component business Walbro, the first in a series of anticipated business unit sales.
Expert Analysis
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AI-Generated Doc Ruling Guides Attys On Privilege Risks
A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.
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The Law Firm Merger Diaries: Leadership Strategy After Day 1
For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.
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Calif.'s Civility Push Shows Why Professionalism Is Vital
The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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Saks' Post-M&A Bankruptcy Illustrates Current Market Risks
The recent Saks Fifth Avenue bankruptcy occurred on the heels of its merger with fellow luxury purveyor Neiman Marcus, showing that capital structure, not concept, dictates resilience when conditions turn, says Ben Thompson at Thompson.
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If Your AI Vendor Goes Bankrupt: Tackling Privacy And 'Utility'
Because bankruptcies of artificial intelligence vendors will require courts to decide in the moment how to handle bespoke deals for AI tools, customers that anticipate consumer privacy concerns in asset disposition and questions about utility and critical-vendor classifications can be better positioned before proceedings, say attorneys at Sidley.
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.
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If Your AI Vendor Goes Bankrupt: Keeping Licensed IP Access
With contracting norms still evolving to account for the licensing of artificial intelligence tools, customers that need to retain access to key AI products in the event of vendor’s bankruptcy should consider four elements that could determine whether they may invoke traditional Section 365(n) intellectual property protections, say attorneys at Sidley.
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Malpractice Claim Assignability Continues To Divide Courts
Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.
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When Bankruptcy Collides With Product Recalls
The recent bankruptcy filing by Rad Power Bikes on the heels of a U.S. Consumer Product Safety Commission warning about dangerously defective batteries sold by the company highlights how CPSC enforcement clashes with bankruptcy protections, leaving both regulators and consumer litigants with limited options, says Michael Avanesian at Avian Law Group.
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Series
Teaching Logic Makes Me A Better Lawyer
Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.
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Series
Law School's Missed Lessons: Practicing Resilience
Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.
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NYC Bar Opinion Warns Attys On Use Of AI Recording Tools
Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.