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Rudy Giuliani asks bankruptcy judge to let him hire attorney for appeal of massive defamation judgment — and their connection runs deep

Rudy Giuliani is requesting a new addition to his legal team while emphasizing it is "imperative" he has a successful appeal of the defamation judgment that sent him into bankruptcy. The post Rudy ... read more

Law firm Kirkland conflicted in Invitae bankruptcy, DOJ watchdog says

The U.S. Department of Justice's bankruptcy watchdog said on Monday that genetic test maker Invitae Corp should not be allowed to hire Kirkland & Ellis as bankruptcy counsel because of the law firm's ... read more

Red Lobster May Soon File for Chapter 11 Bankruptcy, Here’s Why

If the Orlando-based seafood restaurant were to seek Chapter 11, it would be one of the most high-profile failures across the chain restaurant world. read more

Red Lobster reportedly considers bankruptcy after $11M loss on endless shrimp

Seafood restaurant chain Red Lobster is reportedly considering filing for Chapter 11 bankruptcy protection after significant financial blows, including an $11 million loss on endless shrimp. The ... read more

Lawmakers Seek Bankruptcy Law Changes for Child Sex Abuse Cases

Childhood victims of sex abuse would be given more tools to navigate the complexity of bankruptcies under a bipartisan proposal from House lawmakers. read more

Troutman Pepper in merger talks to create top 30 U.S. law firm

Troutman Pepper Hamilton Sanders is engaged in merger talks with Texas-rooted Locke Lord, a combination that would create one of the 30 highest-grossing U.S. law firms with over 1,600 lawyers. The two ... read more

Law Firms Prepare For Boost From UAE's New Bankruptcy Law

Law firms practising in the United Arab Emirates are expecting increased activity thanks to the implementation of the new bankruptcy law. The new legislation, which repealed the previous law, was ... read more

Budtender Bankruptcy Blindside

In a recent legal development that underscores the intricate interplay between federal bankruptcy law and the cannabis industry, a court case has emerged involving a bankruptcy filing by an employee ... read more

Law firm accused of fraud in Louisiana hurricane suits files for bankruptcy in Texas

A Texas law firm accused in a scheme to file thousands of lawsuits against insurers after major hurricanes in Louisiana has filed for bankruptcy protection. read more

American Bankruptcy Institute President Behind Push for Subchapter V Legislation

The biggest accomplishment is that at the annual spring meeting, the task force will release and publish important recommendations to Congress,” the ABI president said in an interview. read more

Iowa Boy Scouts abused as children will see more settlement money under new law

Iowa Boy Scouts who were sexually abused as children can qualify for higher payments through a national settlement under a new law signed Friday. read more

Insights from the SVB Bankruptcy: Insurance Lessons for Directors and Officers

While a corporation will find relief from litigation when it enters bankruptcy (as a matter of bankruptcy law, litigation against the corporation is “stayed” or paused in bankruptcy, directors and ... read more