Swedish EV Battery Co. Files For Ch. 11 With $5B Of Debt

By Vince Sullivan

Swedish electric vehicle battery maker Northvolt AB filed a Chapter 11 case in Texas bankruptcy court Thursday, saying it wants to find a partner to enable the company's innovation to continue in the burgeoning space while it addresses a significant liquidity shortfall.

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Franchise Group Lenders Want End To Debtor's Ch. 11 Rights

By Jeff Montgomery

Lenders of bankrupt retail-focused holding company Franchise Group Inc., including Pacific Investment Management Co. and private equity firm Irradiant Partners, have urged a Delaware bankruptcy judge to end holdco debtor Chapter 11 exclusivity restrictions, arguing that the move offers the best escape from a near-inescapable "Gordian knot" entangling all their claims.

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Yellow Corp. Approved For Ch. 11 Plan Disclosures

By Vince Sullivan

Bankrupt trucking firm Yellow Corp. said it had resolved all objections to its Chapter 11 plan disclosure statement Thursday, and a Delaware judge agreed to approve the document once it was updated to reflect the changes.

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Big Lots Seeks To Include Claims Against Execs In Asset Sale

By Rick Archer

Discount retailer Big Lots on Thursday asked a Delaware bankruptcy judge to approve a $760 million asset sale to a private equity group and override creditor objections to the inclusion of potential litigation claims against company insiders in the package.

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Prime Core's Ch. 11 Trust Sues To Reclaim $10M Payout

By Yun Park

The liquidating trust for Prime Core Technologies Inc., a troubled cryptocurrency technology business, sued in Delaware bankruptcy court Thursday to claw back what it described as a fraudulent transfer of more than $10 million that was paid to a creditor while the company was insolvent. 

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When Investigating An Adversary, Be Wary Of Forged Records

Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research.

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3 Ways To Train Junior Lawyers In 30 Minutes Or Less

Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.

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How They Won It

How A Purple Jacket Led To A Murder Exoneration And $13M

By Julie Manganis

To win compensation under a Massachusetts state law, lawyers for Michael J. Sullivan, who spent 26 years in prison, were required to prove he was innocent of the 1986 crime for which he was convicted. A couple of lucky breaks helped.

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Interview

High Court Bar's Future: Sullivan & Cromwell's Morgan Ratner

By Jeff Overley

Morgan L. Ratner has emerged as a leader of the U.S. Supreme Court bar's next generation, and she attributes her ascent to brilliant mentors, a laid-back argument style, an aversion to overconfidence and a firm commitment to clear principles in every case — even if that means reluctantly telling the chief justice, as she once did, that a hypothetical cat stuck in a tree shouldn't be saved.

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Trump Sentencing Halted To Weigh President-Elect's Immunity

By Frank G. Runyeon

The New York state judge who oversaw Donald Trump's hush money trial officially canceled his Nov. 26 sentencing date Friday to weigh the impact of his new status as president-elect, pushing briefing into December.

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UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen cash-strapped Thurrock Borough Council bring a £40 million ($50 million) negligence claim against 23 other local authorities over its solar investments from a not-for-profit local government body, AstraZeneca sue a fire safety company following a blaze at its Cambridge headquarters last year, and a director who was convicted in 2016 for corporate manslaughter face action by Manolete Partners. Here, Law360 looks at these and other new claims in the U.K.

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Bonus Spotlight

Top Firms Big And Small Join In On Milbank Bonuses

By Aebra Coe

The latest law firms to follow Milbank LLP on 2024 associate bonuses late Thursday and into Friday run the gamut from global giant to boutique, according to firm memos shared with Law360 Pulse and media reports.

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Law360's Legal Lions Of The Week

By Andrea Keckley

Goldman Ismail Tomaselli Brennan & Baum LLP, King & Spalding LLP, Holland & Knight LLP and Barnes & Thornburg LLP lead this week's list of Law360 legal lions for beating a Pennsylvania state court lawsuit brought against Bayer AG unit Monsanto by a woman who said she got cancer by using the weed killer Roundup.

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Squire Patton Lawyer Dies In Laos Amid Poisoning Reports

By Ashish Sareen

A junior lawyer at Squire Patton Boggs LLP has died in Laos, the law firm confirmed Friday, amid reports in the media that she was the victim of a suspected mass poisoning incident.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Google's chief legal officer has blasted a U.S. Department of Justice proposal to force it to sell its Chrome browser, saying a sale would "break" a range of Google products and be a threat to U.S. tech leadership in the world. And in a close but surprising outcome, California voters have turned down a minimum wage hike for workers.

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Gaetz, Greene Face Atty Fees Bid For $550,000 In Calif. Suit

By Madison Arnold

Progressive groups including the NAACP are seeking more than $550,000 in attorney fees and costs from U.S. Rep. Marjorie Taylor Greene and former Rep. Matt Gaetz after escaping their lawsuit alleging that the organizations conspired to pressure city officials in California to cancel the politicians' rallies.

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Analysis

Bondi Vowed Trump Payback. Ex-Colleagues Aren't Worried.

By Phillip Bantz, Chris Villani and Carolina Bolado

U.S. attorney general nominee Pam Bondi is an outspoken ally of President-elect Donald Trump and vowed during the campaign that his "prosecutors will be prosecuted," but people who've worked with her say she's well qualified to serve as the nation's top cop and downplayed concerns that she would politicize the U.S. Department of Justice.

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Brief

Navajo Co. Dismisses Case Alleging Paralegal Took Docs

By Thy Vo

A natural resources company owned by the Navajo Nation has dismissed a lawsuit against a paralegal it accused of failing to turn in her computer for removal of its privileged documents, after the paralegal said she had already arranged to surrender her device before the lawsuit was even filed.

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Senior Dem Asks Schumer For Votes On Circuit Court Picks

By Courtney Bublé

Sen. Mazie Hirono, D-Hawaii, a senior member of the Senate Judiciary Committee, on Friday pushed back against a deal Democrats and Republicans cut earlier this week that obligates Democrats to forgo votes on four appellate picks.

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