Mid Cap

  • January 02, 2025

    TGI Fridays Gets OK For $35M Restaurant Sales

    A Texas bankruptcy judge said Thursday she would allow TGI Fridays to accept a $34.5 million bid for nine of its restaurants from Mera Corp., a Mexico-based food service provider that outbid a company owned by a former TGI Fridays CEO.

  • January 02, 2025

    What Del. Legal Leaders Are Thinking About Heading Into '25

    Figuring out how to best use generative artificial intelligence tools in the practice of law, attracting and retaining talent in a competitive legal market, maintaining Delaware's place in the corporate law space, the state of the economy, and the incoming presidential administration are among issues Delaware legal leaders are focused on as 2025 kicks off.

  • January 01, 2025

    Auto Supply Chain Susceptible To Tariff-Fueled Bankruptcies

    Tariffs suggested by President-elect Donald J. Trump would hit an already precariously-positioned North American auto industry particularly hard, forcing price increases or cost-cutting measures to deal with the new trade barriers and leaving parts suppliers to make hard choices to stave off bankruptcy and protect the supply chain, experts say.

  • January 01, 2025

    What Lower Rates? Ch. 11s Expected To Stay Sticky In 2025

    With the prospect of big interest rate cuts fading, rates may not dip low enough in 2025 to be a panacea for businesses struggling with high levels of debt, consumer frugality and uncertainty under a new administration.

  • January 01, 2025

    Healthcare Restructuring Trends To Watch In 2025

    With bankruptcy filings from the likes of hospital operator Steward Health Care, nursing home company Petersen Health and ventilator producer Vyaire Medical, the healthcare industry continued to face major challenges in 2024.

  • January 01, 2025

    Bankruptcy Issues To Watch In 2025

    Bankruptcy professionals are seeing uncertainty in 2025, with a mix of opinions on whether filings will trend up or down, but certainty that there won't be a final word on the claims release questions bankruptcy plans faced in 2024.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • December 20, 2024

    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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • December 19, 2024

    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.

  • 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.

  • 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.

  • 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.

  • 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.

  • December 18, 2024

    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

  • A Closer Look At SDNY Bankruptcy Rule Amendments

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    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.

  • FTX Exec's Sentencing Shows Pros And Cons Of Cooperation

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    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.

  • Gardening Makes Me A Better Lawyer

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    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.

  • Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal

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    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.

  • Litigation Inspiration: Reframing Document Review

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    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.

  • The Challenges Of Abandoned Retirement Plans In Ch. 7

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    The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto.

  • Circus Arts Make Me A Better Lawyer

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    Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.

  • When Investigating An Adversary, Be Wary Of Forged Records

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    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.

  • 3 Ways To Train Junior Lawyers In 30 Minutes Or Less

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    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.

  • The Bar Needs More Clarity On The Discovery Objection Rule

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    Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.

  • So You Want To Move Your Law Practice To Canada, Eh?

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    Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.

  • A Strategic Checklist For Bankruptcy Motion Objections

    Excerpt from Practical Guidance
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    Hewing to a set of best practices for objecting to a motion in bankruptcy cases can help creditors’ counsel stay on track as they juggle deadlines and jurisdictions, determine whether filing will help or harm the client, and negotiate with the debtor.

  • The 3rd-Party Bankruptcy Release Landscape After Purdue

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    In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis.

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