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  • November 07, 2024

    Firm That Took Hurricane Victim Cases Wants Out Of Fee Row

    A Louisiana law firm that took over now-bankrupt Houston plaintiffs firm MMA Law's hurricane victim cases is appealing a Houston bankruptcy's court's decision not to free it from a lawsuit claiming that it cut MMA out of its share of settlement fees.

  • November 07, 2024

    Del. Atty Will Co-Lead Lewis Brisbois' Bankruptcy Practice

    Lewis Brisbois Bisgaard & Smith LLP recently announced that a partner who joined its Delaware office late last year has been appointed to co-chair the firm's bankruptcy and insolvency practice.

  • November 06, 2024

    FTX Exec Looks To Avoid Prison For 'Smallest Share' Of Crime

    Former FTX technology chief Zixiao "Gary" Wang on Wednesday asked a Manhattan federal judge not to give him prison time for his part in the $11.2 billion fraud case, calling himself "the one who stands convicted of the smallest share of misconduct" among former CEO Sam Bankman-Fried's lieutenants.

  • November 06, 2024

    Vitamin Shoppe Owner Gets OK For Trimmed Ch. 11 Loan

    The owner of the Vitamin Shoppe retail chain and other businesses received interim approval Wednesday from a Delaware bankruptcy judge for a slimmed-down Chapter 11 loan after the lenders agreed to more favorable financing terms.

  • November 06, 2024

    Texas' MMA Sues Firm That Took Over Its Hurricane Cases

    The bankrupt Houston plaintiffs' firm MMA Law has sued Daly & Black PC, the law firm that took over its clients, in Texas bankruptcy court seeking to claw back a cut of attorneys' fees from thousands of lawsuits it launched on behalf of hurricane victims in Louisiana.

  • November 06, 2024

    3rd Circ. Mulls Mootness In Boy Scouts Ch. 11 Plan Appeals

    Questions over whether equitable and statutory mootness foreclose challenges to the Boy Scouts of America's bankruptcy took center stage Wednesday during arguments before the Third Circuit, with the judges and parties involved noting the impact that changing the Chapter 11 plan that's already in effect could have on thousands of sexual abuse survivors.

  • November 06, 2024

    Conn's Gets OK For $360M Asset Sale To Debt Collector

    A Texas bankruptcy judge Wednesday approved the sale of most of retail chain Conn's assets to debt collector Jefferson Capital Systems for $360 million after hearing all objections had been resolved.

  • November 06, 2024

    The Story Behind Franchise Group's Ch. 11 Case

    Franchise Group Inc., the owner of Vitamin Shoppe and other franchise brands, filed for Chapter 11 bankruptcy amid challenging macroeconomic conditions and headwinds in the retail industry, coupled with the high costs of investigating its founder's involvement in a hedge fund collapse, according to court filings.

  • November 05, 2024

    What Trump's Return Means For Bank Regulation: 5 Questions

    With former President Donald Trump now projected to return to the White House, financial services attorneys are predicting the banking industry will see a sharp rightward turn at the Consumer Financial Protection Bureau and a much softer touch elsewhere in the federal regulatory arena.

  • November 05, 2024

    Trump's Win Expected To Pare Back Gensler's SEC Agenda

    The reelection of President Donald Trump will bring with it many big changes to the U.S. Securities and Exchange Commission, including a new chair who could set a more crypto- and business-friendly policy that would translate into a downtick in rulemaking and enforcement cases in comparison to outgoing President Joe Biden.

  • November 05, 2024

    Trump Has Official Immunity. What About His Aides?

    Whether the U.S. Supreme Court's decision on presidential immunity extends to subordinates who follow a president's orders has become a more pressing question in the wake of Donald Trump's projected election win, according to legal experts.

  • November 05, 2024

    How Trump Can Quash His Criminal Cases

    Donald Trump's projected victory at the polls also translates to a win in the courts, as the second-term president will have the power to end both of his federal criminal cases. And the U.S. Supreme Court's decision on presidential immunity would shield him from any consequences for ordering his charges to be dismissed, experts say.

  • November 05, 2024

    An Early Look At Trump's Supreme Court Shortlist

    With former President Donald Trump projected to win the 2024 presidential election and the Republicans' success in securing the U.S. Senate majority, Trump may now get the chance to appoint two more justices to the U.S. Supreme Court, cementing the court's conservative tilt for decades to come.

  • November 05, 2024

    GOP's Senate Win Hands Future Of The Judiciary To Trump

    Republicans were projected to take back the White House and Senate and possibly the House early Wednesday, putting the GOP in position to back Donald Trump's agenda and his slate of young, conservative judicial nominees. 

  • November 05, 2024

    The Firms With An Inside Track To A New Trump Admin

    Law firms that have represented Donald Trump and the Republican Party on everything from personal legal woes to election-related lawsuits could see the risks of that work pay dividends as Trump is projected to secure a second term in office.

  • November 05, 2024

    FTX Says Convicted Former Exec Must Cough Up $99M

    The bankruptcy estate of cryptocurrency exchange FTX has asked a Delaware federal bankruptcy court to order former executive Ryan Salame to relinquish $98.8 million in assets, according to an avoidance action filed Monday.

  • November 05, 2024

    Vitamin Shoppe Owner's Ch. 11 Loan Draws Creditor Fight

    A proposed $250 million bankruptcy loan sought by the owner of the Vitamin Shoppe retail chain and other businesses drew substantial opposition Tuesday at a first-day hearing in the company's Chapter 11 case, with some creditors saying the financing is too large and too expensive.

  • November 05, 2024

    Catching Up With New Bankruptcy Case Action

    Several companies sought Chapter 11 bankruptcy protection this week, reflecting diverse challenges across industries. TGI Fridays and Rainbow Production Services cited economic pressures and a post-COVID downturn, while Star Transportation and New Jersey nonprofit CarePoint Health Systems pointed to rising costs and funding issues that intensified after the pandemic. 

  • November 05, 2024

    Some Hertz Del. Insurance Claims Tossed In False Arrest Saga

    A Delaware state judge has branded as "unreasonable" and based on "contractual gymnastics" Hertz Corp. arguments for aggregating separate settlements to limit its retained liability payout duty before insurance picks up the balance of customer wrongful arrest suit settlements.

  • November 05, 2024

    Trustee Seeks Jackson Walker Docs In Judge Romance Probe

    Arguing that the issue "presents a matter of national importance" with implications for the integrity of the judicial system, a U.S. bankruptcy trustee has urged a Texas federal court to force Jackson Walker LLP to turn over documents related to a former firm attorney's secret romance with a onetime judge.

  • November 05, 2024

    Steward Gets OK For Contract Transition Deal In Ch. 11

    A Texas bankruptcy judge on Tuesday approved a transition deal between Steward Health Care System and a government health service contractor that canceled its contract with the embattled hospital chain just before it filed for Chapter 11.

  • November 05, 2024

    Greensill Bank Says Marsh Can't Dodge Australian Litigation

    Greensill Bank AG has said that it should be allowed to add Marsh to litigation in Australia linked to the wider group's collapse, arguing in a court filing that it is not bound by an English jurisdiction clause in its contract with the insurance broker.

  • November 05, 2024

    On The Ground: How Attorneys Safeguarded The Election

    Attorneys worked tirelessly Tuesday to support citizens and election workers on the final day of voting in one of history's most contentious presidential contests.

  • November 04, 2024

    Purdue Buys Time For Creditor Deal, Eletson Plan Confirmed

    Facing a litigation stay deadline after the U.S. Supreme Court overturned its Chapter 11 plan, OxyContin maker Purdue Pharma was given a new one-month extension of the stay so that its creditors and the Sacklers can continue mediating to settle claims.

  • November 04, 2024

    Judge Says She'll Likely Send Talc Ch. 11 Plan Out For Vote

    A Delaware bankruptcy judge said Monday she will likely give a pair of talc producers permission to send their Chapter 11 plans out for a creditor vote, saying she was satisfied with the changes made since last week.

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