https://www.law360.com/bankruptcy?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Copyright 2026 Portfolio Media, Inc. en-US Tue, 26 May 2026 21:54:23 +0000 https://www.law360.com/bankruptcy/articles/2482099?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2482099 A Texas bankruptcy judge denied conditional approval of the Chapter 11 plan disclosure statement of car parts maker First Brands Group on Tuesday because the complicated plan proposal would not provide all creditors with their required procedural rights to review and vote on the plan. Tue, 26 May 2026 20:25:27 +0000 https://www.law360.com/bankruptcy/articles/2481816?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2481816 A cannabis growing business in California's Monterey County has launched a Chapter 7 case with between $10 million and $50 million of debt, less than six years after it abandoned an earlier bankruptcy. Tue, 26 May 2026 18:47:29 +0000 https://www.law360.com/bankruptcy/articles/2482017?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2482017 The Delaware Chancery Court this past week handled a broad mix of cross-border corporate control disputes, merger settlements, startup equity fights, advancement claims and board oversight litigation, while also weighing fallout from high-profile deals involving Microsoft Corp., The Boeing Co. and Nikola Corp. Tue, 26 May 2026 17:22:33 +0000 https://www.law360.com/bankruptcy/articles/2481739?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2481739 The developer of a 120-unit residential complex in New Jersey known as The Cliffs has filed for Chapter 11 relief to prevent a forfeiture of its equity interests in the development. Tue, 26 May 2026 17:21:56 +0000 https://www.law360.com/bankruptcy/articles/2481826?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2481826 Fenwick & West LLP will pay $54 million to resolve claims from spurned FTX Trading Ltd. investors, according to a new set of settlements that will also end investors' disputes with the collapsed cryptocurrency exchange's former auditor and a former NBA star who promoted the platform. Tue, 26 May 2026 16:20:18 +0000 https://www.law360.com/bankruptcy/articles/2481621?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2481621 A New Jersey federal judge affirmed the Beasley Allen Law Firm's disqualification from multidistrict litigation over Johnson & Johnson's talcum powder on Tuesday, determining that the firm has failed to provide a valid reason to back its attempt at a stay and temporary reinstatement into the matter. Tue, 26 May 2026 11:09:39 +0000 https://www.law360.com/bankruptcy/articles/2481689?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2481689 Plastic manufacturer Trinseo on Tuesday filed for Chapter 11 protection in Texas, touting a prearranged plan to wipe $2 billion of its $2.9 billion secured debt. Mon, 25 May 2026 20:01:25 +0000 https://www.law360.com/bankruptcy/articles/2470226?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2470226 This past year, 10 lawyers across the country at plaintiffs' firms big and small helped secure millions of dollars in settlements and verdicts for their clients, going up against powerful defendants like Google, Monsanto and the Trump administration, earning the attorneys recognition as Law360's Titans of the Plaintiffs Bar for 2026. Fri, 22 May 2026 22:45:16 +0000 https://www.law360.com/bankruptcy/articles/2481199?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2481199 Two Louisiana law firms and a group of politically connected attorneys engaged in a "shakedown" to steal about 1,000 cases filed by hurricane survivors who had hired and built cases with a different firm, alleged a RICO suit filed Thursday in Houston federal court. Fri, 22 May 2026 19:43:22 +0000 https://www.law360.com/bankruptcy/articles/2481238?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2481238 A Connecticut bankruptcy judge has allowed a Chapter 11 trustee to depose convicted and incarcerated securities fraudster Miles Guo ahead of several upcoming adversary proceeding trials in the Chinese exile's bankruptcy case. Fri, 22 May 2026 17:55:24 +0000 https://www.law360.com/bankruptcy/articles/2480921?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2480921 A Texas bank told a Florida bankruptcy court Friday it must toss a Chapter 11 trustee's adversary complaint accusing it of complicity in a $100 million theft of funds from a special needs nonprofit, arguing that it can't be held liable for the nonprofit's own wrongdoing.  Fri, 22 May 2026 17:37:35 +0000 https://www.law360.com/bankruptcy/articles/2481069?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2481069 Norwalk, Connecticut-based shopping mall The SoNo Collection, which is part of national retail real estate giant GGP, is facing state foreclosure and receiver proceedings after defaulting on a $245 million loan. Fri, 22 May 2026 15:49:37 +0000 https://www.law360.com/bankruptcy/articles/2477996?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2477996 Three recent appellate decisions that considered artificial intelligence in the context of attorney-client privilege protections illustrate that taxpayers and tax practitioners alike must consider the pertinent facts on a case-by-case basis, with particular attention to confidentiality, disclosure risk and system design, say attorneys at Morgan Lewis. Fri, 22 May 2026 14:22:56 +0000 https://www.law360.com/bankruptcy/articles/2479970?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2479970 An Arizona federal court's recent decision concerning UniCredit Bank Austria is one of few in which creditors' claims against debtors for Racketeer Influenced and Corrupt Organizations Act violations have survived motions to dismiss, and these claims' substantial benefits make the rulings worth analyzing for guidance, says Brian Asher at Asher Research. Thu, 21 May 2026 21:26:45 +0000 https://www.law360.com/bankruptcy/articles/2480720?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2480720 A panel for the Colorado Court of Appeals ruled that the Bank of Colorado does not have preferential treatment to a man's portion of his mother's trust fund, and that the lower court was wrong to find that claim preclusion applied because of a stay order in a bankruptcy case. Thu, 21 May 2026 21:03:42 +0000 https://www.law360.com/bankruptcy/articles/2480738?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2480738 A Delaware bankruptcy judge Thursday approved SilverRock Development's Chapter 11 plan after hearing the California property developer had reached a global agreement resolving objections to the sale of its land and the distribution of the proceeds. Thu, 21 May 2026 20:56:34 +0000 https://www.law360.com/bankruptcy/articles/2480821?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2480821 The D.C. Circuit on Thursday sought the views of the Trump administration on a crucial component of Russia's sovereign immunity defense as the appeals court weighs jurisdiction in litigation to enforce a nearly $5 billion arbitral award against the Kremlin, which was issued to Yukos Oil Co.'s financing arm. Thu, 21 May 2026 17:59:52 +0000 https://www.law360.com/bankruptcy/articles/2480595?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2480595 A Texas bankruptcy judge Thursday approved the Chapter 11 plan of two affiliates of TPI Composites, allowing an equity sale of the entities and incorporating a settlement between the wind blade manufacturer's secured lender and creditors committee. Thu, 21 May 2026 17:14:24 +0000 https://www.law360.com/bankruptcy/articles/2480651?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2480651 Warrior Technologies, a company that provides oilfield and trucking services, filed for Chapter 11 protection in Texas bankruptcy court on Thursday with about $38 million in secured debt, blaming its distress on a rise in fuel and insurance costs. Thu, 21 May 2026 15:19:32 +0000 https://www.law360.com/bankruptcy/articles/2480592?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2480592 Furniture retailer American Signature Inc. has secured a Delaware bankruptcy judge's approval for the $7.2 million sale of its federal tariff refund claims, covering about 77% of tariffs it paid that were struck down by the U.S. Supreme Court.