Mid Cap

  • March 06, 2025

    Rising Costs, Falling Traffic Push Tex-Mex Chain Into Ch. 11

    Soaring inflation, rising labor costs and declining customer traffic have forced restaurant chain On The Border Mexican Grill & Cantina to file for bankruptcy, making it the latest U.S. casual dining brand to struggle under mounting financial pressure.

  • March 06, 2025

    Energy Engineering Firm ENGlobal Files Ch. 11 With $9M Debt

    Engineering firm ENGlobal Corp., which focuses on assisting the energy sector, filed for Chapter 11 protection with a group of subsidiaries in Texas and carrying nearly $9 million in debt.

  • March 06, 2025

    Bankruptcy Court's Input Sought In Judge Romance Row

    A federal judge asked a Texas bankruptcy court to determine if the CEO of a now-bankrupt barge company has standing to sue over a former judge's secret romance with a Jackson Walker partner.

  • March 06, 2025

    Retiring Mich. Chief Judge Helped Mediate Detroit Bankruptcy

    U.S. District Judge Sean F. Cox, the Eastern District of Michigan's chief judge, has informed President Donald Trump he will retire on July 27, according to an update posted on the federal judiciary's website on Thursday.

  • March 06, 2025

    New York Real Estate Cos. Seek Ch. 11 Protection

    Two real estate companies facing foreclosure litigation sought bankruptcy protection in New York each listing at least $10 million in debt.

  • March 05, 2025

    Meet The Attorneys Helping Exela Process Its Ch. 11

    A team of Lathan & Watkins LLP's top bankruptcy lawyers are helping about 60 units of business process automation firm Exela Technologies Inc. through Chapter 11 in Texas, while a trio of attorneys from Hunton Andrews Kurth LLP in Houston are also serving as debtor's counsel.

  • March 05, 2025

    Diamondhead Casino Creditors Say Ch. 7 Is Only Path

    A group of creditors that forced casino developer Diamondhead Casino into a Delaware Chapter 7 case said in a post-trial brief the proceeding should stay in place because it is the best chance for all creditors to receive recoveries on their claims against the debtor, which has been unable to monetize its assets for years.

  • March 05, 2025

    NY Nursing Home Cold Spring Pushes Asset Sale Approval

    Long Island nursing home Cold Spring Acquisition LLC on Wednesday asked a New York bankruptcy court to approve its asset sale and grant receivership to a proposed buyer, saying it has reached an agreement with both the potential buyer and its union, which had previously opposed the sale.

  • March 05, 2025

    Alex Jones Escapes Immediate Sandy Hook Payment Bid

    Bankrupt Infowars host Alex Jones has escaped a request to immediately pay more than $1 billion to the families of Sandy Hook Elementary School victims who sued him for defamation, the Connecticut Appellate Court has ruled.

  • March 05, 2025

    Corsa Coal Drops Bid Dispute Ahead Of Ch. 11 Auction

    Bankrupt coal miner Corsa Coal Corp. withdrew its emergency motion accusing a competitor and potential bidder for its assets of using confidential information to scare Corsa's largest customers and win business from its trucking providers.

  • March 05, 2025

    NJ Hospital System Gears Up For Ch. 11 Plan Fight

    CarePoint Health's Chapter 11 plan will likely face stiff objections at a hearing next week that could include up to 10 witnesses, attorneys told a Delaware bankruptcy judge Wednesday.

  • March 05, 2025

    Bradley Arant Adds Parker Hudson Bankruptcy Ace In Atlanta

    Bradley Arant Boult Cummings LLP has brought on a Parker Hudson Rainer & Dobbs LLP partner, who is based in Atlanta, to strengthen its bankruptcy and creditors' rights practice.

  • March 05, 2025

    After Purdue, Bankruptcy Courts Split On Consent Question

    The U.S. Supreme Court's decision in June to reject nonconsensual third-party releases in the Chapter 11 plan of Purdue Pharma LP ignited a national debate over a question fundamental to current bankruptcy practice: What counts as consent?

  • March 05, 2025

    Skin Care Tech Co. Files Ch. 11 With $400M Prepackaged Plan

    Skin care and beauty technology company Cutera Inc. filed for Chapter 11 protection in a Texas bankruptcy court Wednesday with over $429 million in debt and a prepackaged debt-swap plan to cut that number by nearly $400 million.

  • March 04, 2025

    Catching Up With New Bankruptcy Case Action

    A sweatshirt maker launched a Chapter 11 case about a year after an $18 million intellectual property verdict. A clean energy project developer filed for Chapter 7 liquidation. A landscaping plant grower went bankrupt with plans to sell its assets. A supplier of Lockheed Martin and Boeing hit bankruptcy, saying it was undone by quality control issues. And yet another company in the electric vehicle industry rolled into bankruptcy court.

  • March 04, 2025

    Judge Says She'll Ask What 'Nobody Else Will' In Romance Suit

    A federal judge expressed incredulity Tuesday that Jackson Walker didn't press its former partner harder to get the exact dates of her relationship with a former bankruptcy judge when allegations of their relationship came to light in 2021.

  • March 04, 2025

    Meet The Attorneys Directing Azzur Group's Ch. 11

    A team of lawyers from DLA Piper is advising pharmaceutical consulting firm Azzur Group as the company pursues an asset sale in its Delaware bankruptcy case.

  • March 04, 2025

    Calif. Trucking Co. Facing Calls To Liquidate

    A Texas bankruptcy judge Tuesday said he will consider motions to convert Kal Freight's bankruptcy to a Chapter 7 liquidation after hearing that the trucking company is trying to finalize a partial asset sale as the basis for a wind-down in Chapter 11.

  • March 04, 2025

    NS8 Proposes $2.1M Deal To Settle Ch. 11 WARN Act Suit

    The litigation trustee appointed under the Chapter 11 plan of cybersecurity firm NS8 Inc. and a class of fired employees seeking a payout related to their terminations have jointly proposed a settlement that would grant the employees $2.1 million.

  • March 04, 2025

    Liberated Brands Gets Nod For Ch. 11 Bidding Procedures

    A Delaware bankruptcy judge said Tuesday she will allow Liberated Brands LLC, an outdoors and athletic clothing retailer, to implement its proposed bidding process for a liquidation once the company revises a proposed order.

  • March 04, 2025

    3 Kasowitz Financial Litigators Leave BigLaw For NY Boutique

    Litigation boutique Pallas Partners LLP has brought on three New York-based litigators from Kasowitz Benson Torres LLP to strengthen its commercial and financial litigation capabilities on both sides of the Atlantic, the firm said Tuesday.

  • March 04, 2025

    Kane Russell Launches Austin Shop With 6-Atty Team

    Texas law firm Kane Russell Coleman Logan PC announced Tuesday that it is opening its third location with a shop in Austin, and is adding six attorneys from Holland & Knight LLP and Ross Smith & Binford PC.

  • March 03, 2025

    US Trustee Opposes Confirmation Of CarePoint's Ch. 11 Plan

    The U.S. Trustee's Office on Monday joined a flurry of objections against the Chapter 11 plan of CarePoint Health Systems inc., saying the hospital owner has made it hard for the trustee to gauge the plan's potential.

  • March 03, 2025

    NC Hotel Developer Hits Ch. 11 After Defaulting On $17M Loan

    A North Carolina hotel developer embroiled in a $17 million lawsuit over a defaulted loan to build a Hyatt hotel near the Asheville airport filed for bankruptcy on Sunday, reporting assets and liabilities between $10 million and $50 million.

  • March 03, 2025

    $7.4B Deal Nets Purdue More Time, J&J Spinoff Ends Trial

    Purdue Pharma received approval for more mediation time after telling a judge that it had reached definitive terms on a new $7.4 billion settlement of opioid claims; a two-week trial over whether to confirm the $10 billion Chapter 11 plan of Johnson & Johnson's talc spinoff wrapped up; and an artificial-intelligence cryptocurrency business asked a Texas bankruptcy judge to restart an asset auction for Alex Jones' Infowars platform.

Expert Analysis

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

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    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

  • The Strategic Advantages Of Appointing A Law Firm CEO

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    The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

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

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    As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

  • Navigating The Bankruptcy Terrain After Purdue Pharma

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    The U.S. Supreme Court’s June ruling in Harrington v. Purdue Pharma is having a significant impact on bankruptcies, with recent cases addressing nonconsensual third-party releases and opt-out mechanisms, and highlighting strategies practitioners can employ to avoid running afoul of the decision, say Brett Axelrod and Agostino Zammiello at Fox Rothschild.

  • Use The Right Kind Of Feedback To Help Gen Z Attorneys

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    Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.

  • How 9th Circ. Ruling Expands Bankruptcy Trustees' Powers

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    The Ninth Circuit recently held in The Lovering Tubbs Trust v. Hoffman that a trustee can avoid intentionally fraudulent transfers, even if no creditor suffered harm as a result, materially strengthening bankruptcy trustees' powers, say Robert Klyman and Rod Kazempour at DLA Piper.

  • State Of The States' AI Legal Ethics Landscape

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    Over the past year, several state bar associations, as well as the American Bar Association, have released guidance on the ethical use of artificial intelligence in legal practice, all of which share overarching themes and some nuanced differences, say Eric Pacifici and Kevin Henderson at SMB Law Group.

  • 8 Childhood Lessons That Can Help You Be A Better Attorney

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    A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.

  • Playing Diplomacy Makes Us Better Lawyers

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    Similar to the practice of law, the rules of Diplomacy — a strategic board game set in pre-World War I Europe — are neither concise nor without ambiguity, and weekly gameplay with our colleagues has revealed the game's practical applications to our work as attorneys, say Jason Osborn and Ben Bevilacqua at Winston & Strawn.

  • Mental Health First Aid: A Brief Primer For Attorneys

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    Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.

  • AI May Limit Key Learning Opportunities For Young Attorneys

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    The thing that’s so powerful about artificial intelligence is also what’s most scary about it — its ability to detect patterns may curtail young attorneys’ chance to practice the lower-level work of managing cases, preventing them from ever honing the pattern recognition skills that undergird creative lawyering, says Sarah Murray at Trialcraft.

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