 | | Featured Premium Content | | | | | ABI Conference Materials: GenAI Is Here to Stay: The Ethics of Using and Billing for AI Without Fear
A panel recently explored the ethical implications of AI in legal practice, focusing on fee issues, and provided tips for crafting effective prompts. Enjoy the materials from the session! | | | | |  | | Editor's Picks | | | | | Regeneron to Buy Bankrupt DNA Testing Firm 23andMe for $256 Million
Drugmaker Regeneron Pharmaceuticals will buy genetic testing firm 23andMe for $256 million through a bankruptcy auction, the companies said today, Reuters reported. Regeneron said that it will comply with 23andMe’s privacy policies and applicable laws with respect to the use of customer data and that it is ready to detail its intended use of the data to a court-appointed overseer. READ MORE | | GOL Secures $1.9B Exit Financing to Support Chapter 11 Restructuring and Recovery
Brazilian airline GOL Linhas Aéreas Inteligentes S.A. on Friday said that it had secured binding commitments totaling $1.9 billion in exit debt financing as part of its ongoing chapter 11 restructuring process in the U.S. Bankruptcy Court for the Southern District of New York, RTTNews.com reported. Over the past six months, GOL has pursued a broad market outreach to finalize the financing. Following court approval of its backstop agreement with Castlelake, L.P. and Elliott Investment Management, L.P. — its anchor investors — which committed up to $1.25 billion, GOL also reached a settlement with an ad hoc group of holders of its 2026 Senior Secured Notes. This group agreed to purchase $125 million in exit financing notes. READ MORE | | U.S. Foreclosure Activity Increased Annually in April 2025
A report released on Thursday by ATTOM, a curator of land, property data, and real estate analytics, showed that there were a total of 36,033 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 0.4 percent from the prior month and up 13.9 percent from a year ago, according to a company press release. Lenders repossessed 3,580 U.S. properties through completed foreclosures (REOs) in April 2025, down 2.9 percent from last month but up 23.3 percent from a year ago – marking the second month of REO numbers increasing annually, according to ATTOM's April 2025 U.S. Foreclosure Market Report. READ MORE
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May 29 |Virtual | | ABI Rocky Mountain Bankruptcy Conference The Chateaux Deer Valley
June 11-13 | Park City, Utah | | | | |  | | Daily Roundup | | | | | Progressive NYC Private School Fighting Foreclosure Files Bankruptcy
Manhattan Country School, an Upper West Side private school promoting social justice and a progressive academic curriculum that is battling possible foreclosure, has filed bankruptcy, Bloomberg News reported. MCS sought court protection on Friday listing assets and liabilities of between $10 million and $50 million each on its chapter 11 petition. READ MORE | | Study: Bankruptcy Heightens Staff Turnover, Negative Patient Outcomes
New research has found that nursing homes that filed for bankruptcy saw increases in negative resident outcomes and staff turnover. Investigators recommend transparency as a measure of getting a handle on operations and retaining workers during financial hardships, McKnights Long-Term Care News reported. The chances of a patient facing hospitalization after a nursing home has filed for chapter 11 bankruptcy increased by approximately 4% compared to nonbankrupt nursing homes. The probability of bedsores also increased by 14%, along with the use of restraints, which climbed most significantly by 77%. READ MORE | | Judge Grants Request for Subpoenas in Shilo Sanders Bankruptcy Case
A creditor who is owed more than $11 million from Deion Sanders’ son, Shilo, won a ruling from a federal bankruptcy judge Thursday that authorizes the creditor to obtain records from third parties related to an incident between him and Shilo Sanders in 2015, USA Today reported. Bankruptcy Judge Michael E. Romero granted the request for the subpoenas, saying that the court finds that there is “good cause” for it. The subpoenas were requested by the creditor, John Darjean, a former security guard at Shilo’s school in Dallas. READ MORE | | Bahama Breeze Just Closed More than a Third of Its Locations
Bahama Breeze abruptly closed more than a third of its restaurants this week, further compounding the casual dining segment’s problems, CNN reported. Darden Restaurants, Bahama Breeze’s parent company, said in a statement that the closure of 15 locations was the “right decision because it will allow Bahama Breeze to focus on its highest performing restaurants and strengthen the brand’s overall performance.” READ MORE | | U.S. Issues Emergency Orders to Address Puerto Rico Grid Security Issues
The U.S. has issued emergency orders to address "critical grid security issues and improve grid resiliency" in Puerto Rico, the Energy Department said in a statement on Friday, Reuters reported. The DOE also said that it would review $365 million in funding from the Puerto Rico Energy Resilience Fund to make sure all assistance "is used to support practical fixes to the grid and benefits all residents of Puerto Rico." The orders will unlock emergency protocols to address immediate programs, according to the statement. READ MORE | | Colorado Business Owner Files Bankruptcy, Leaving Schwalb Builders' Clients Concerned
A Colorado business owner facing criminal charges and multiple civil lawsuits related to Schwalb Builders has filed for bankruptcy, causing concern for some clients who had hoped to be awarded damages in civil court, Clients reported they paid thousands, and the work was either never done or homes were left uninhabitable. Avi Schwalb filed for chapter 11 protection on May 2, putting the civil cases on hold. READ MORE | | Capital One to Pay $425 Million to Settle Suits Over Savings Accounts
Capital One agreed to pay a $425 million settlement after it faced nationwide litigation accusing it of cheating savings depositors out of higher interest rates by failing to advertise higher-yield accounts, according to a federal court filing, the New York Times reported. Depositors who sued the bank said that Capital One falsely promised higher interest rates on 360 Savings accounts, which had a fixed rate of 0.3 percent, and did not adequately advertise its better rates on 360 Performance Savings accounts. READ MORE | | | | |
