The liquidators of failed cryptocurrency hedge fund Three Arrows Capital have prevailed in a dispute with FTX Trading Ltd. over the allowance of a $1.53 billion bankruptcy claim, with a Delaware judge deciding to grant Three Arrows' bid to change its original claim despite FTX asserting that the move was made in bad faith.
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TOP NEWS

Three Arrows Beats FTX To Get $1.5B Bankruptcy Claim

By Alex Wittenberg

The liquidators of failed cryptocurrency hedge fund Three Arrows Capital have prevailed in a dispute with FTX Trading Ltd. over the allowance of a $1.53 billion bankruptcy claim, with a Delaware judge deciding to grant Three Arrows' bid to change its original claim despite FTX asserting that the move was made in bad faith.

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Reed Smith To Fight Removal In $102M Shipping Award Suit

By Caroline Simson

A New York federal judge has paused his order removing Reed Smith LLP as counsel for the former owners of reorganized international shipping group Eletson Holdings in litigation over a $102 million arbitral award while the BigLaw firm appeals the decision to the Second Circuit.

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Startup Investor Says Cooley Knew About Fraud Probe

By Carla Baranauckas

Attorneys for a dry cleaning delivery startup knew that the founder and sole director of the company had fabricated company documents and was the subject of an active securities fraud investigation in Texas as he solicited money from investors, an ex-board member said Friday in response to the law firm's bid to toss a securities fraud lawsuit.

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CHAPTER 11

Texas Judge Rejects Ex-GloriFi CEO's Bid To Stop Claims Sale

By Spencer Brewer

A Texas federal judge shot down an alleged attempt by the former CEO of bankrupt conservative-centered fintech startup GloriFi to preserve the ability to sue investors like Ken Griffin's Citadel LLC and Vivek Ramaswamy, saying Friday the bankruptcy judge got it right.

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CHAPTER 15

Canadian Accounting Service Co. Hits Ch. 15 With Sale Plan

By Yun Park

Vancouver-based accounting and financial services firm Bench Accounting Inc. has filed a Chapter 15 recognition in a Delaware bankruptcy court with approximately $51.5 million in liabilities and $5.1 million in assets, asking a U.S. bankruptcy court to approve a plan to sell all its assets.

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CHAPTER 7

US Trustee Pans Pump Co.'s $9M Asbestos Insurance Deal

By Emily Lever

The U.S. Trustee's Office has challenged a proposed $9 million settlement between a Chapter 7 trustee for a bankrupt Connecticut pump company and two insurers, saying the agreement nonconsensually deprives third parties of their asbestos-related personal injury claims against the insurance carriers.

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RESTRUCTURING

Taxation With Representation: Davis Polk, Paul Weiss

By Zak Kostro

In this week's Taxation With Representation, Mallinckrodt PLC and Endo Inc. combine, Rocket Cos. buys Redfin, and Endo divests its international pharmaceuticals business to Knight Therapeutics Inc.

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EXPERT ANALYSIS

A Judge's Pointers For Adding Spice To Dry Legal Writing

U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

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LEGAL INDUSTRY

20 Law Firms Face EEOC Demands For DEI Employment Info

By Jack Karp

The U.S. Equal Employment Opportunity Commission has written to 20 law firms seeking information about their diversity, equity and inclusion-related employment practices, the agency announced Monday.

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Dentons Merger Brings Firm To The Turks And Caicos

By Andrea Keckley

Dentons says it is set to become the first global law firm to establish a presence in the Turks and Caicos, announcing Monday that it plans to combine with island firm Griffiths & Partners.

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Pillsbury Lands 14 Int'l Trade Attys From Curtis

By Rose Krebs

Pillsbury Winthrop Shaw Pittman LLP announced Monday that it has added a 14-attorney team, including three partners, from Curtis Mallet-Prevost Colt & Mosle LLP to strengthen its international trade practice and help clients navigate tariffs, supply chains and other issues.

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Judge Questions DOJ Timing Of Deportations After Injunction

By Britain Eakin

U.S. Chief District Judge James Boasberg admonished the Trump administration Monday for its seeming noncompliance with an oral order to turn around flights carrying Venezuelans who were deported under a presidential proclamation invoking the 1798 Alien Enemies Act.

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Judge Ikuta's Sr. Status Plans Give Trump 9th Circ. Opening

By Courtney Bublé

U.S. Circuit Judge Sandra Segal Ikuta of the Ninth Circuit will be taking semi-retired status upon confirmation of her successor, a court representative confirmed to Law360 on Monday.

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DC Judge Holds Off Ruling On Immigration Legal Aid Funds

By Ali Sullivan

A D.C. federal judge on Monday held off on deciding whether to order the Trump administration to continue funding programs that give noncitizens access to legal aid and information, as requested in a lawsuit from nonprofit groups, noting that other court orders in separate lawsuits have mandated that federal funds keep flowing.

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Houston Midwife Arrested In Texas' 1st Criminal Abortion Case

By Catherine Marfin

A Houston-area midwife has been arrested after an investigation by the Texas attorney general's office for allegedly providing illegal abortions, Attorney General Ken Paxton announced Monday, the first such criminal charges brought since the state issued its near-total abortion ban.

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Littler Elects 6 New Members To Board Of Directors

By Tracey Read

Littler Mendelson PC has elected six new members to its 19-member, 2025 board of directors, the management-side employment and labor law firm announced Monday.

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Ex-Seton Hall Law Worker Avoids Jail In Embezzlement Case

By Carla Baranauckas

A former employee of Seton Hall University School of Law was sentenced Monday to two years of probation with one year of electronic monitoring for her guilty plea in an embezzlement scheme that defrauded the school of $1.3 million over 13 years.

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Seeger Weiss Atty Tapped To Lead Depo-Provera Plaintiffs

By Carolina Bolado

A Florida federal judge on Sunday selected Christopher Seeger of Seeger Weiss LLP to lead the team representing plaintiffs in the multidistrict litigation claiming Pfizer Inc. failed to adequately warn patients and doctors about the risk of brain tumors associated with the hormonal contraceptive drug Depo-Provera.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

AMS Trade LLP

Arleo & Donohue

Aylstock Witkin

Clark Hill

Cooley LLP

Cooper & Kirk

Covington & Burling

Curtis Mallet-Prevost

Davis Polk

Debevoise & Plimpton

Dentons

Fenwick & West

Freshfields

Gibson Dunn

Goodwin Procter

Goulston & Storrs

Greenberg Traurig

Harris Beach PLLC

Hogan Lovells

Kirkland & Ellis

Landis Rath

Latham & Watkins

Levinger PC

Littler Mendelson

McDermott Will & Emery

Milbank LLP

Morgan Lewis

Morrison Foerster

Munsch Hardt

PJS Law

Pashman Stein

Paul Weiss

Perkins Coie

Pillsbury Winthrop

Porter Wright

Proskauer Rose

Quinn Emanuel

Reed Smith

Ropes & Gray

Saul Ewing

Seeger Weiss

Sidley Austin

Simpson Thacher & Bartlett LLP

Skadden Arps

Sullivan & Cromwell

Trucker Huss

Vinson & Elkins

White & Case

Williams & Connolly

Willkie Farr

WilmerHale

Winston & Strawn

Young Conaway

COMPANIES IN TODAY'S NEWS

American Civil Liberties Union

Apple Inc.

Center for Biological Diversity Inc.

Citadel Enterprise Americas LLC

Cornell University

Democracy Forward Foundation

Investments Ltd.

LinkedIn Corp.

Mallinckrodt PLC

NBCUniversal Media LLC

National Bank of Canada

New York University

Pfizer Inc.

Princeton University

Purdue Pharma LP

Rocket Cos.

The Catholic University of America

The Cigna Group

Therapeutics Inc.

Wells Fargo & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Committee on Foreign Investment in the United States

Equal Employment Opportunity Commission

European Union

Executive Office for Immigration Review

Federal Bureau of Investigation

Federal Judicial Center

International Trade Commission

Supreme Court of British Columbia

Texas Legislature

Texas State Securities Board

Texas Supreme Court

U.S. Attorney's Office for the District of New Jersey

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the Second Circuit

U.S. Department of Commerce

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

U.S. District Court for the District of New Jersey

U.S. District Court for the Northern District of Florida

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Texas

U.S. Supreme Court

United States Bankruptcy Court for the District of Connecticut

World Trade Organization