Expert Analysis

11th Circ. Ruling May Foreshadow Ch. 15 Clashes

The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the S... (more story)

Bankruptcy Courts Have Contempt Power, Del. Case Reminds

A Delaware bankruptcy court recently held Camshaft Capital and its principal in contempt, serving as a reminder to... (more story)

What Lies Behind Diverging US And UK Insolvency Trends

Contrasting U.K. and U.S. insolvency trends highlight the importance of policy interventions in shaping consumer f... (more story)

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Strategic Hiring Was The New Normal For BigLaw In 2023

The 400 largest law firms by headcount in the U.S. grew more slowly in 2023 than in the previous two years, while Kirkland & Ellis LLP surpassed the 3,000-attorney threshold, according to the latest Law360 ranking.

The Law360 400: Tracking The Largest US Law Firms

The legal market expanded more tentatively in 2023 than in previous years amid a slowdown in demand for legal services, especially in transactions, an area that has been sluggish but is expected to quicken in ... (more story)

Contractor For Exxon, QatarEnergy LNG Venture Hits Ch. 11

The general contractor for a liquefied natural gas project co-owned by Exxon Mobil Corp. and QatarEnergy filed for Chapter 11 protection in Texas bankruptcy court Tuesday with more than $1 billion of debt, say... (more story)

Rite Aid Settles Trademark Suit Over New Logo

Rite Aid has reached an agreement with Brand Design Co. to end a lawsuit claiming that the drugstore chain misused the design firm's font for a new logo, the parties have told a Pennsylvania federal court.

Express Seeks To Nix 5th Ave. Store Lease, 16 Others

Fashion retailer Express Inc. told a Delaware bankruptcy judge the company has decided to reject the leases for 17 of its stores in its Chapter 11 case, including a lease for its store on Fifth Avenue in New Y... (more story)

J&J Says Beasley Allen Looking To 'Bias' Vote On $6.5B Plan

Johnson & Johnson's bankrupt talc unit accused the Beasley Allen Law Firm of attempting to intentionally "bias" the vote against its recently announced proposal to pay out $6.5 billion in a prepackaged reorgan... (more story)

Catching Up With Delaware's Chancery Court

Delaware was full of drama last week, as proposed changes to the state's corporate law statutes raised eyebrows and a professor's friend-of-the-court brief sparked a very unfriendly public exchange. Delaware's... (more story)

Girardi Wants To Probe Jurors' 'Real Housewives' Exposure

Public defenders for Tom Girardi want to ask prospective jurors in his upcoming fraud trial whether they have seen his wife's reality television show and news reporting about his law firm's massive scandal, ac... (more story)

Scammer Cops To SIM Scheme Including $400M Crypto Theft

A Colorado woman on Thursday pled guilty in D.C. federal court for her part in a SIM swapping scheme that appears to encompass more than $400 million stolen from the now-bankrupt cryptocurrency exchange FTX.

ConvergeOne Lenders Cite 'Exclusivity' Of Ch. 11 Equity Deal

A group of ConvergeOne lenders asked a Texas bankruptcy judge Friday to reject the information technology company's prepackaged Chapter 11 plan, saying an equity rights offering underpinning the proposal unfai... (more story)

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Colombian Lender Extends Ch. 11 Plan Objection Deadline

An ad hoc group holding some of the debt of Colombian consumer lending giant Credivalores-Crediservicios voiced concerns about the debtor's prepackaged Chapter 11 plan, prompting the debtor to extend its objec... (more story)

Virginia Co. Can't Escape Tax After Exiting Bankruptcy

A Virginia company that filed for Chapter 11 bankruptcy is on the hook for a disputed corporate income tax assessment because the liability occurred after the company emerged from bankruptcy, the state's tax c... (more story)

Shoes For Crews Pursues $290M Credit Bid Sale To Lenders

Nonslip shoe company Shoes for Crews has canceled a planned auction for its assets after receiving no bids and declared it will go forward with a sale to a group of its first-lien lenders for a $290 million credit bid.

Window Maker View Gets OK On Ch. 11 Plan To Go Private

View Inc., a "smart glass" maker once valued at $2 billion, received a Delaware bankruptcy judge's approval on Monday to convert more than $274 million in debt to equity under a Chapter 11 plan that calls for ... (more story)

Atty Wants In On Ch. 11 Pause In Fraud Suit Against Law Firm

A Houston attorney being sued for alleged misconduct in soliciting hurricane victims has asked a federal court to include him in a bankruptcy-triggered pause in the proceedings against his law firm, arguing th... (more story)

Red Lobster Hits Ch. 11 Reeling From Endless Shrimp Deals

The Red Lobster seafood restaurant chain has filed for Chapter 11 protection in a Florida bankruptcy court with $294 million in debt and sale plans, saying its problems included its equity owner and shrimp sup... (more story)

Rue21 Lands $4M Bid For IP From Canadian Fashion Co.

Teen apparel retailer rue21 has informed a Delaware bankruptcy judge it accepted a nearly $4 million stalking-horse bid to sell its brands and other intellectual property to Canadian fashion house YM Inc.

Cantor, Lutnick Strike Deal With Window SPAC Investors

Shareholders of a special purpose acquisition company that took a now-bankrupt smart window manufacturer public have reached a tentative agreement to settle their proposed Delaware Chancery Court class action ... (more story)

Hayley Paige Settles Social Media Dispute With JLM Couture

"Say Yes to the Dress" bridal designer Hayley Paige Gutman will receive ownership of social media accounts created by the designer in exchange for a settlement payment to her former employer, bankrupt dressmak... (more story)

EndoStim Emerges From Delaware Insolvency Proceeding

Delaware's Court of Chancery has approved the final accounting for medical device company EndoStim Inc.'s state-administered insolvency proceeding after no creditor or other party raised any objections at a fi... (more story)