Expert Analysis

High Court Made Profound Mistake In Tossing Purdue Deal

The U.S. Supreme Court's recent decision to throw out Purdue Pharma's Chapter 11 plan jeopardizes a multistate agr... (more story)

What FTX Case Taught Us About Digital Asset Recoverability

FTX's Chapter 11 plan has drawn lots of attention, but the focus should be on the anticipated outcome for investor... (more story)

A Midyear Forecast: Tailwinds Expected For Atty Hourly Rates

Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this... (more story)

Large Cap More

Jackson Walker Urges Broad Questioning Of Ex-Judge Jones

Jackson Walker and the U.S. Trustee's Office on Tuesday defended the questions they plan to ask former bankruptcy judge David R. Jones during a deposition over his concealed romantic relationship with an ex-pa... (more story)

Nonprofit Wants Out Of 'Fatally Flawed' $5M FTX Suit

A Berkeley, California, nonprofit asked a Delaware bankruptcy court to dismiss a suit from FTX Trading Ltd. seeking to claw back $5 million in donations, calling FTX's effort "fatally flawed."

Fisker Gets OK For $46M Ch. 11 Sale Of EV Fleet

A Delaware bankruptcy judge Tuesday gave electric vehicle maker Fisker permission to sell its stock of 3,000 vehicles for $46.25 million and said he would authorize it to use cash for another two weeks if it t... (more story)

Platinum Co-Founder Dodges Prison For Bond Fraud Rap

Platinum Partners co-founder Mark Nordlicht on Tuesday was spared prison time for his five-year-old conviction over a purported scheme to defraud bondholders of a Texas oil and gas company, as a New York feder... (more story)

States, Legal Orgs. Urge Justices To Halt Biden's Debt Relief

A U.S. Supreme Court challenge to the Biden administration's latest student debt relief program received backing from seven Republican-led states and a trio of legal groups that assert the estimated $475 billi... (more story)

Chinese Exile Guo Guilty On Most Counts In $1B Fraud Case

A Manhattan federal jury on Tuesday convicted prominent Chinese Communist Party critic Miles Guo on most charges alleging he operated a vast fraud that solicited more than $1 billion worth of sham investments ... (more story)

The 2024 Diversity Snapshot: What You Need To Know

Law firms' ongoing initiatives to address diversity challenges have driven another year of progress, with the representation of minority attorneys continuing to improve across the board, albeit at a slower pac... (more story)

Rising Star: Kirkland's Emily Geier

Emily Geier of Kirkland & Ellis LLP has shepherded distressed companies through some of the largest and most complex restructurings in recent history, including leading the wind-downs of toy retailer Toys R Us... (more story)

These Firms Have The Most Diverse Equity Partnerships

Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.

Brazilian Cement Giant Seeks Ch. 15 With Over $1B In Debt

InterCement, the third-largest cement and concrete supplier in Brazil, is seeking Chapter 15 recognition from a New York bankruptcy court, saying it filed for mediation procedures in Brazil to stave off credit... (more story)

Mid Cap More

Coach USA's DIP, Sale Plans Draw Judge's Criticism

Proposals from bus line operator Coach USA for a $200 million debtor-in-possession financing package and for procedures governing a sale of the bulk of its operating assets drew warnings Tuesday from a Delawar... (more story)

'Excuse Me?': Judge Vexed By Defamation Claim In Ch. 7 Row

A Connecticut bankruptcy judge on Tuesday appeared skeptical of defamation and tortious interference claims New York-based real estate investor EasyKnock Inc. filed against a trustee handling the Chapter 7 est... (more story)

7th Circ. Says Foreign Retirement Not Shielded In Bankruptcy

A professor who filed for bankruptcy in Illinois can't protect his Canadian retirement account from creditors because the account is ineligible under a state law shielding accounts that qualify as retirement p... (more story)

Parler's Ex-Owner Can't Broaden Automatic Stay, Court Says

A Delaware bankruptcy judge denied a bid by Parler's former owner to extend its bankruptcy stay to nondebtors in a lawsuit the company is facing, saying U.S. Supreme Court precedent barring certain third-party... (more story)

Manhattan Property Co. Seeks Ch. 11 Protection

A company tied to a four-story mixed-use building in Lower Manhattan's trendy NoHo neighborhood filed for Chapter 11 bankruptcy, listing as much as $50 million in liabilities and up to $500,000 in assets.

California Atty Accused In $282M Theft Put On Inactive Status

A California lawyer who's accused of stealing as much as $282 million from debt relief clients has been placed on involuntary inactive status, and bar discipline authorities say he deserves to lose his license permanently.

Crypto Bank Noble Talents Files Ch. 7 Liquidation In NY

Cryptocurrency banking services provider Noble Talents filed for Chapter 7 liquidation in New York, listing up to $50 million of liabilities.

Fed. Circ. Rejects FEMA Contractor's Water Restocking Fees

The Federal Circuit on Monday upheld the rejection of an embattled government contractor's claim for $13.5 million in restocking fees after the Federal Emergency Management Agency sharply reduced the amount of... (more story)

Owner Of Bankrupt Gov't Contractor Charged With Perjury

The owner of a bankrupt government water contractor has been indicted on perjury charges, accused of falsifying the company's bankruptcy filings by failing to report millions in assets transferred to her and o... (more story)

Pump Co. Execs Must Face Trustee's $59.7M Transfer Suit

A Connecticut federal judge won't toss a Chapter 7 bankruptcy trustee's lawsuit claiming that three former engineering company executives transferred $59.7 million to a holding entity and sent the company into... (more story)