Bankruptcy

Paul Hastings Settles With J&J Unit in Bankruptcy Fee Dispute

Paul Hastings LLP reached a confidential settlement with Johnson & Johnson’s talc liability unit over millions of dollars in fees related to the subsidiary’s failed bankruptcy attempt.

Cosmetics Material Maker Gets Asbestos Bankruptcy Plan Approved

Miyoshi America Inc., a processor of cosmetic product ingredients, won bankruptcy court approval of a $20 million plan to settle current and future talc injury lawsuits it fully negotiated before entering Chapter 11.

Inotiv, Breeder of Laboratory Animals, Files For Bankruptcy

Inotiv Inc., which breeds dogs and imports monkeys that are used in drug experiments, filed for bankruptcy in part on what it blamed are tighter rules on its US canine farm and tariffs on non-human primates raised in China.

23andMe Is Back as Nonprofit Aiming to Reach 100 Million Users

The founder of 23andMe Research Institute wants to reach 100 million users, an ambitious goal after the seller of DNA testing kits emerged from bankruptcy as a nonprofit.

First Brands Creditors Seek to Sue Aequum as Fraud ‘Enabler’

Aequum Capital Financial II ignored signs of fraud at auto-parts maker First Brands before the company went bankrupt and should be sued to recover any money the lender made, a committee of unsecured creditors argued in court papers.

Practitioner Insights

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Kirkland Signals Meaningful but Not Transformational AI Future

Casey Flaherty

Baretz + Brunelle

Kirkland $500 Million AI Bid Highlights Access-to-Justice Issues

William Marra

Certum Group

The DOJ Should Step Aside and Let State Bars Regulate Attorneys

Alfred Belcuore

Georgetown Law

Spotlight on Judge David R. Jones

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Sex, Secrets Trigger Downfall of Star Texas Bankruptcy Judge

How Four Judges Kept Romance Allegations Quiet for Two Years

Bankruptcy Judge Tasked With Scandal Cleanup of ‘Adopted Son’

Bankruptcy Rules for Disclosing Relationships: Explained

Texas Two-Step: Jones Day's Tactic to Evade Mass Tort Liability Through Bankruptcy

Through the legal tactic, known as the Texas Two-Step, corporations have been able to use bankruptcy to avoid mass tort liability. In this video we look at how it works, the reasons why plaintiffs' attorneys hate it, the reasons that companies and their lawyers use it, and how courts have ruled on it so far.

Latest Stories

Simad Holdings Ltd. Files for Ch. 11 Bankruptcy in New Jersey

SIMAD Holdings Ltd. has filed for Chapter 11 bankruptcy protection in the US court for the district of New Jersey, according to a filing.

By Rieka Rahadiana

Russell 2000 Credit Spread, Hertz Straddle: US Options Snapshot

The VIX fell more than half a point, below 16. Both top large cap single stock and S&P 500 Index Options are comfortably in positive gamma territory above the SPX ~7,500 level, according to data from SpotGamma, meaning market maker hedging should act as a stabilizing force. The S&P 500 rose 0.4%, while the Nasdaq 100 slipped 0.5%.

Goldman’s Lynam Sees ‘Uncomfortable Tension’ in Credit Market

Robust demand from pensions and insurance companies will support corporate bonds through macroeconomic headwinds and record issuance, according to Goldman Sachs Group Inc.

Blackstone-Backed Liftoff Rises 24% After $437 Million IPO

Liftoff Mobile Inc. shares climbed 24% in their debut after raising $437 million in a US initial public offering, in the company’s second attempt at going public this year.

NY Port Authority Objects to Spirit Push to Sell LaGuardia Slots

The Port Authority of New York and New Jersey said Spirit Aviation Holdings Inc. lacks legal standing to auction off prime operating slots at New York’s LaGuardia Airport.

Anduril Moves From Startup to Production Mode for US Military

Anduril Industries Inc., Silicon Valley’s top-valued defense tech startup, is shifting from startup mode to expanding production of AI and autonomous weapons systems for the military.

United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap

The first officer on a United Airlines Holdings Inc. plane that struck a light pole while landing at Newark Liberty International Airport last month told safety investigators that he warned his captain that the aircraft was “slow and a little low” as they were approaching the runway.