Mid Cap
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December 23, 2024
McElroy Deutsch Beats Former Exec's Malicious Claim
McElroy Deutsch Mulvaney & Carpenter LLP got a claim for malicious prosecution against it dismissed without prejudice in litigation against its former business development director, who the firm accused of embezzling millions from it.
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December 20, 2024
High Court Bar's Future: Williams & Connolly's Sarah Harris
Sarah M. Harris of Williams & Connolly LLP never planned on being a U.S. Supreme Court advocate, or even an appellate one. She stumbled upon that career path after realizing her initial goal of becoming a national security or government lawyer wasn't the right fit.
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December 20, 2024
World Of Beer Brews Up Ch. 11 Plan Cramdown
A Florida bankruptcy judge agreed Friday to confirm bar and restaurant chain World of Beer's Chapter 11 plan, which went through as a cramdown even though there were no objections on the record.
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December 20, 2024
Under The Radar: Bankruptcy News You May Have Missed
Bankrupt cryptocurrency company Celsius Network warned of another phishing attempt, a Brooklyn condo developer's Chapter 11 case was dismissed and a Canadian power services company reached a settlement with the owner of its debt.
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December 20, 2024
Vertex Energy Approved For Ch. 11 Recapitalization Plan
Bankrupt fuel refining company Vertex Energy Inc. received approval Friday from a Texas judge for a Chapter 11 plan that will recapitalize the company with up to $100 million of new financing when it emerges from bankruptcy.
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December 20, 2024
Firm's Fee Battle With Pot Co. Could Turn On An Ellipsis
The fate of Lowenstein Sandler LLP's battle over nearly $800,000 in unpaid legal fees with a cannabis dispensary could hinge on how a judge interprets an ellipsis in a legal brief.
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December 20, 2024
Giuliani Calls Sanctions Bid In Defamation Case 'Political'
Rudy Giuliani is accusing counsel for two Georgia election workers of political bias as they seek to sanction the former Donald Trump adviser and collect on a $148 million defamation judgment.
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December 19, 2024
Silvergate Wins Fight To Keep Control Of Ch. 11 Case
A Delaware bankruptcy judge on Thursday allowed cryptocurrency bank Silvergate to retain control of its Chapter 11 case, rejected a request for Rule 2004 subpoenas against the debtor and limited the scope of a newly appointed Chapter 11 examiner, handing the troubled bank a trio of wins in its battle with a stockholder.
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December 19, 2024
Calif. Hotel's Ch. 11 'Highly Likely' To Be Transferred To Del.
A Delaware bankruptcy judge said Thursday he was "highly likely" to transfer the second Chapter 11 case of a San Jose, California, hotel back to the First State, granting an initial win to a lender that argued the case should be moved and dismissed as a bad faith filing.
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December 19, 2024
Restructuring Partner Returns To Willkie From A&O Shearman
A familiar face has returned to Willkie Farr & Gallagher LLP's New York office, the firm announced Thursday, with the addition of a restructuring partner who launched her career with Willkie and now returns from A&O Shearman, bringing a combined 25 years of experience to the new role.
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December 19, 2024
NY Firm Bradford Edwards Opens LA Office
New York-based litigation boutique Bradford Edwards LLP has opened an office in Los Angeles, spearheaded by the hire of a partner who has more than 20 years of experience litigating in California.
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December 19, 2024
DC Apartment Complex Hits Chapter 11 With Over $10M Debt
The operator of an apartment complex in Washington, D.C., filed for Chapter 11 in Delaware, saying the impact of COVID-19 and the district's affordable housing voucher program have led to diminishing cash reserves.
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December 19, 2024
Grocery Automation Biz Takeoff Gets OK For Liquidation Plan
A Delaware bankruptcy judge on Thursday greenlighted grocery automation firm Takeoff Technologies' Chapter 11 liquidation plan after hearing no opposition.
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December 19, 2024
Young Conaway Elects 3 New Partners From Its Del. Office
Young Conaway Stargatt & Taylor LLP has announced that two bankruptcy attorneys and a corporate litigator will join its partnership on Jan. 1.
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December 18, 2024
Girardi Gets Sentencing Delayed For Dementia Probe
A Los Angeles federal judge pushed back Tom Girardi's sentencing for his embezzlement conviction on Wednesday, ordering a psychiatric evaluation and special hearing to determine whether the 85-year-old disbarred attorney should be committed to a medical facility instead of prison due to his dementia diagnosis.
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December 18, 2024
High Court Bar's Future: McDermott's Paul Hughes
Paul W. Hughes of McDermott Will & Emery LLP knows U.S. Supreme Court oral arguments are unpredictable — you can end up as the butt of a justice's joke or have the whole bench fully embrace your novel legal theory — so he focuses on what he can control: being overprepared for any version of the court he meets.
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December 18, 2024
Toolmaker Hardinge Gets OK On Ch. 11 Liquidation Plan
A Delaware bankruptcy judge on Wednesday approved tool manufacturer Hardinge Inc.'s Chapter 11 liquidation plan after the debtor settled disputes with creditors, its investment fund backer and other parties by agreeing to drop potential claims in exchange for a cash payment.
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December 18, 2024
Lowenstein Sandler Dispensary Fee Suit Must Fail, Court Told
Lowenstein Sandler LLP sunk its own $766,000 breach of contract and unjust enrichment suit by failing to give proper notice prior to filing, a New Jersey cannabis dispensary told the state court, hitting back against the firm's claims that its complaint is a continuation of an "ancillary legal action" — a bankruptcy proceeding.
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December 18, 2024
Greenberg Traurig Faces DQ Bid In NJ Cosmetics Spat
A New Jersey cosmetics company suing a former investor alleging breach of contract has asked a federal court to disqualify Greenberg Traurig LLP as defense counsel, telling the court that it previously consulted with the firm about suing the investor and gave away its "playbook" for the litigation.
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December 18, 2024
Williams Industrial Gets Nod On Ch. 11 Liquidation Plan
A Delaware bankruptcy judge on Wednesday said he will confirm Williams Industrial Services Group Inc.'s Chapter 11 liquidation plan once the debtor and another company hash out a reservation of rights regarding a joint venture.
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December 17, 2024
Miss America-Tied Ch. 11 Tossed Amid Ownership Spat
A Florida bankruptcy judge on Tuesday dismissed the Chapter 11 case of an entity connected to the Miss America pageant, after the debtor noted it realized it owns none of the operations or debt associated with the competition, punting questions over who owns pageant-related assets to a state court.
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December 17, 2024
Purdue, FTX Top Biggest Bankruptcy Cases, Trends Of 2024
The U.S. Supreme Court's decision to throw out nonconsensual third-party releases in opioid maker Purdue Pharma's Chapter 11 reverberated through the bankruptcy domain in unexpected ways this year, but it was just one among many major events to shape bankruptcy in 2024.
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December 17, 2024
Catching Up With New Bankruptcy Case Action
A surgical clinic and residential building in Manhattan filed for Chapter 11, as did a New Jersey-based shipping company; a high-tech acoustics manufacturer was weighed down by a $38.6 million trade secrets verdict; a hybrid-electric engine developer filed for bankruptcy; and a Pennsylvania law firm that itself specializes in representing creditors in bankruptcy sought Chapter 11 protection.
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December 17, 2024
Vertex Energy Pivots To Debt Swap In Ch. 11
Fuel refiner Vertex Energy Inc. has informed a Texas bankruptcy judge it canceled a Chapter 11 sale hearing that was initially scheduled for Tuesday, and that the company was instead pursuing a recapitalization transaction with its lenders after a worthwhile acquisition bid failed to materialize.
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December 17, 2024
Quinn Emanuel Taps 2 London Partners In Global Promotions
Quinn Emanuel Urquhart & Sullivan LLP has named 11 new partners in its latest round of promotions, with two in the British capital.
Top North Carolina Cases Of 2024: Bias, Fraud And False Ads
North Carolina saw a host of heavy-hitting civil trials in 2024, from back-to-back multimillion-dollar jury verdicts in suits over false advertising and employment discrimination, to a substantial bench ruling in a much-watched bias suit against the federal judiciary.
The Year In Legal Ethics: AI, Judicial Scandal And More
A number of legal ethics topics dominated the conversation in 2024, including artificial intelligence and the fallout of an undisclosed relationship between a Texas bankruptcy judge and an attorney whose firm appeared before him for years.
LL Flooring Confirms Wind-Down Plan After 'Chaotic' Ch. 11
Discount home renovation retailer LL Flooring was cleared to wind down in Chapter 11 on Wednesday, with a Delaware bankruptcy judge commending the parties for reaching a consensual plan despite a turbulent case that narrowly missed a full liquidation.
Expert Analysis
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Justices May Find Gov't Can Keep Fraudulent Transfer Benefit
Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.
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When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
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What 2024 Trends In Marketing, Comms Hiring Mean For 2025
The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.
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How The Onion Could Still Buy InfoWars
While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.
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Group Running Makes Me A Better Lawyer
The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
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A Closer Look At SDNY Bankruptcy Rule Amendments
The U.S. Bankruptcy Court for the Southern District of New York’s recent amendments to its local rules aim to streamline key Chapter 11 processes, resolve misunderstandings about previous iterations of the rules and urge caution about the use of artificial intelligence, say attorneys at Skadden.
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FTX Exec's Sentencing Shows Pros And Cons Of Cooperation
The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.
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Gardening Makes Me A Better Lawyer
Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.
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Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal
A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.