A Florida bankruptcy court has recently dismissed the Chapter 13 case of a suspended lawyer entangled in state bar disciplinary actions. The attorney in question is facing allegations of defrauding numerous clients by abandoning cases after charging significant legal fees. This development marks a significant moment in the ongoing legal strife surrounding the attorney, reflecting…
The U.S. Supreme Court has declined to review the contentious bankruptcy strategy employed by a unit of Georgia-Pacific. This decision leaves unresolved questions about the use of the “Texas two-step” bankruptcy, a maneuver aimed at managing asbestos-related liabilities by creating a separate corporate entity. Georgia-Pacific’s move involved restructuring its subsidiary into a newly formed entity…
By Emilie Ruscoe (May 29, 2026) – Luminar Semiconductor Inc., a bankrupt company previously engaged in autonomous vehicle technology, is no longer entangled in a proposed investor class action. The case involved allegations that the company misrepresented a competitor’s technology as its own in promotional materials. While Luminar has exited the litigation, the lawsuit is…
In a recent bankruptcy proceeding, a New York judge raised concerns regarding the appropriateness of federal court as the venue for winding down two commercial real estate law firms connected to Mark J. Nussbaum. The firms had sought to bypass a proceeding for the benefit of creditors in New York state court, a move that…
Artificial intelligence-based voice generation company Lovo Inc. has filed for Chapter 7 bankruptcy in New York, a move that comes amid an unresolved legal battle with voice actors who accuse the company of using their voices without consent. This legal confrontation poses considerable implications for Lovo’s operations and the broader AI industry. The actors involved…
The California wine industry, a cornerstone of the state’s economy, is currently facing serious distress due to various factors including climate change, economic pressures, and shifting consumer preferences. According to Bloomberg Law, many winery owners are exploring strategies to protect their assets amid these challenges. One of the prominent measures being employed is restructuring debt….
Steptoe & Johnson LLP has bolstered its insolvency and restructuring practice with the addition of Amit Kansa as a partner. This move underscores the firm’s commitment to strengthening its capabilities in handling complex insolvency cases and restructuring matters. Kansa, previously a key figure at Pillsbury, brings a wealth of experience in advising clients across various…
In a significant development in the legal aftermath of the FTX cryptocurrency exchange collapse, the law firm Fenwick & West has agreed to a $54 million settlement. The agreement addresses allegations related to the firm’s role in providing legal services to FTX before its implosion. This settlement highlights the increasing scrutiny on professional service providers…
A recent lawsuit filed in Houston federal court alleges that two Louisiana law firms, along with a group of politically connected attorneys, orchestrated a scheme to unlawfully take over approximately 1,000 cases from hurricane survivors who had initially retained a different firm. The suit, filed under the Racketeer Influenced and Corrupt Organizations (RICO) Act, accuses…
Erika Jayne, known for her role on “The Real Housewives of Beverly Hills,” has come to a settlement regarding a $25 million lawsuit in the bankruptcy case of her estranged husband, Tom Girardi. The lawsuit, filed by the trustee handling the bankruptcy of Girardi’s law firm, Girardi Keese, alleged that $25 million was transferred to…
The Dallas-founded law firm Munsch Hardt Kopf & Harr has experienced a notable 16.7% increase in revenue, driven by a surge in demand across multiple practice areas such as immigration, real estate, and bankruptcy. This growth highlights the robust performance of midsize firms in the ever-competitive legal market. According to a recent report, the firm…
A Florida federal court is being urged to maintain a stay on the enforcement of a $15 million judgment against a man accused of pirating movies through his VPN (Virtual Private Network). The defendant, facing this significant default judgment, has filed for bankruptcy and is now seeking continued protection against the immediate enforcement of the…
The legal industry is witnessing a surge in the demand for distressed debt lawyers as major law firms compete to bolster their ranks amidst an increasingly uncertain economic landscape. This hiring spree is driven by the need to navigate complex financial restructurings, especially as companies grapple with economic disruptions. Top-tier law firms are recognizing the…
Gibson Dunn & Crutcher LLP has bolstered its New York office by recruiting a seasoned restructuring partner, Brian J. Roose. This strategic move comes amid heightened demand for legal expertise in financial restructuring, an area critical for managing distressed assets and navigating complex bankruptcy matters. Roose’s extensive experience in advising clients on out-of-court restructurings, bankruptcy…
In a recent development, legal representatives for Alex Jones have argued before a Texas appeals court that the controversial broadcaster is within his rights to “freely compete” with his former platform, Infowars. This assertion comes as the platform’s operator claims that Infowars was compelled to shut down when a court-appointed receiver failed to pay for…
In a significant development within the legal industry, Houston-based MMA Law has initiated a Chapter 11 liquidation process. This decision, filed with the Texas bankruptcy court, will lead to the firm’s closure as it embarks on a controlled shutdown of operations. The plan involves appointing an administrator to manage claims against various collaborating law firms…
Blank Rome LLP has expanded its Finance, Restructuring, and Bankruptcy practice by welcoming Buffey E. Klein as a partner in its Dallas office. Klein, previously the Dallas Office Managing Partner at Husch Blackwell LLP, brings over 25 years of experience in commercial bankruptcy, insolvency, and litigation. She represents national and regional financial institutions, creditors, lenders,…
Proskauer Rose LLP has strengthened its restructuring practice by bringing on board Partner Josh Sturm in its New York office. This strategic addition is part of the firm’s plan to bolster its presence in the financial sector, especially as market conditions highlight the importance of robust restructuring expertise. Sturm, previously with Davis Polk, is renowned…
In a strategic expansion move, Morgan Lewis & Bockius LLP has bolstered its ranks by acquiring two distinguished partners from Hunton Andrews Kurth LLP, further strengthening its capabilities in key areas of practice. This acquisition involves partners working in their Washington, D.C., and New York offices, reinforcing Morgan Lewis’s commitment to deepening its practice areas…
YesCare Corp, a healthcare provider servicing correctional facilities across several states, has recently filed for bankruptcy. This filing comes in the wake of several financial and operational setbacks that have plagued the company over the past year. The bankruptcy is a result of multiple defaults, loss of significant contracts, and a series of lawsuits that…
A former partner at Jackson Walker LLP has filed a motion to be dismissed from a legal suit that involves allegations of “mass corruption” within Houston’s bankruptcy courts. This lawsuit accuses her, among others, of improper conduct due to her clandestine relationship with a former Texas bankruptcy judge. This relationship purportedly influenced legal proceedings in…
The legal dispute involving Evan Greebel, a former lawyer for Martin Shkreli, once again finds itself in the limelight as arguments over his 401(k) reach the US Court of Appeals for the Second Circuit. This case continues to be a point of controversy due to the intertwining of legal ethics and financial rights. Greebel, who…
In a strategic expansion, Dechert LLP has bolstered its Dallas presence by recruiting three prominent restructuring partners. This move aligns with the firm’s ongoing efforts to enhance its capabilities in financial restructuring, a critical area for businesses navigating economic challenges. The newly recruited partners bring a wealth of experience, strengthening Dechert’s ability to offer comprehensive…
As Carbon Health seeks to modify its bankruptcy financing structure, the company faces considerable opposition from its creditors. The healthcare provider’s attempt to increase its debtor-in-possession (DIP) loan has sparked controversy among lenders, who express concerns about the implications of this move on their recovery prospects. According to Bloomberg Law, creditors are wary that enhancing…
Knoa Pharma, the successor to Purdue Pharma following its high-profile bankruptcy proceedings, has appointed its Chief Legal Officer, Joseph Sabrina, as interim CEO. This appointment comes as a transitional move as the company navigates the complexities of emerging from Purdue’s legacy, which was marred by the opioid crisis. Joseph Sabrina’s selection underscores the company’s intent…