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Bankruptcy

Every story on LexCircuit filed under bankruptcy: court orders, regulation, ethics opinions, litigation and research, each summarized across its sources.

20 stories

N.Y.Breaches and incidents

Weil confirms management committee recommends 'orderly wind-down'; partners to vote

Weil, Gotshal & Manges confirmed on Wednesday, October 28, that its management committee has recommended the partnership pursue an orderly wind-down after a review of strategic alternatives, with a partner vote expected in the coming days. The firm, which has about 1,200 lawyers and reportedly took in more than $2 billion in revenue in 2025, said it will keep serving clients during a wind-down lasting months.

Report (CNBC) → · Legal Business, Global Legal Post, LawFuel
N.Y.Breaches and incidents

Weil Gotshal tells partners it plans to wind down after 95 years

Weil Gotshal & Manges plans to wind down its operations, its leaders told partners on Wednesday, Bloomberg Law reported, citing a source briefed on the decision. The New York firm, founded in 1931, took in nearly $2.1 billion in revenue last year and ranked among the 30 largest U.S. firms. The decision follows a wave of partner exits, failed merger talks with Willkie Farr & Gallagher and a leadership succession that fell apart.

Report (Bloomberg Law) → · The Lawyer, Above the Law
ILL.People moves

Simpson Thacher adds four Chicago partners from White & Case and Kirkland

Simpson Thacher & Bartlett has hired four partners for its Chicago office, which opened in August. M&A partners Shiva Sandill and Trevor Currie have joined from White & Case, and Kirkland & Ellis restructuring partner David Gremling and executive compensation and benefits partner Lauren Cates will follow. The hires bring the new office to nearly a dozen partners, The American Lawyer reported.

Announcement (The Global Legal Post) → · The American Lawyer
BANKR. E.D. MO.Litigation

California reaches $6 million settlement with former 23andMe over 2023 data breach

California Attorney General Rob Bonta on October 19, 2026, announced a $6 million settlement with Chrome Holding Co., formerly 23andMe, resolving state claims that the genetic testing company failed to protect customers' personal and genetic data before a 2023 breach affecting nearly 7 million people, including more than 855,000 Californians. The settlement was filed in federal bankruptcy court in Missouri and awaits approval.

Filing (California Department of Justice) → · CTV News (Reuters), Bloomberg Law
U.S. FEDBreaches and incidents

Cyber incident at contractor BAE Systems halts federal bankruptcy court notices

A cybersecurity incident affecting BAE Systems, which runs the Bankruptcy Noticing Center for the federal judiciary, has halted production and delivery of bankruptcy notices nationwide, the Administrative Office of the U.S. Courts said on October 15, 2026. Center websites and the National Creditor Registration Service are unavailable, and SecurityWeek reported that notices issued through the center since October 9 have not been delivered.

Report (SecurityWeek) → · ABA Journal
MASS.People moves

Womble Bond Dickinson adds five-lawyer K&L Gates financial services litigation team

Womble Bond Dickinson on October 15, 2026 added a five-lawyer financial services litigation team from K&L Gates, Bloomberg Law and Law.com reported. Partners Jeffrey Patterson, Ryan Tosi and Phoebe Winder joined the Boston office, with associates Keith McCarthy in Boston and Reymond Yammine in New York. The firm said the hire accelerates its firmwide financial services platform in New England.

Announcement (Bloomberg Law) → · Law.com, Womble Bond Dickinson
N.Y.People moves

WilmerHale hires Latham's Hugh Murtagh to lead and grow its restructuring group

WilmerHale has recruited Latham & Watkins partner Hugh Murtagh to lead its restructuring department and grow its headcount. The New York-based lawyer, who has represented Mallinckrodt in bankruptcy and Sam Bankman-Fried's business partners in FTX-related fraudulent transfer litigation, replaces Andrew Goldman, who left to lead Goodwin's financial restructuring practice. He will manage seven lawyers, compared with Latham's restructuring practice of more than 200.

Announcement (Bloomberg Law) → · Law360 Pulse

Rulings this week

All court orders

SWEDENFunding

Swedish firms Walthon and Ramberg to merge into 40-lawyer Walthon Ramberg

Swedish business law firms Walthon Advokater and Ramberg Advokater plan to merge at the turn of the year into 2027, forming Walthon Ramberg with more than 40 lawyers focused on transactions, dispute resolution and insolvency. Walthon reported revenue of SEK 45 million last year with 24 employees at year-end; Ramberg reported SEK 18 million and 18 employees.

Announcement (Dagens Juridik) → · Ramberg Advokater
N.Y.People moves

Weil rehires Willkie restructuring co-chair Debra Sinclair as partner

Weil, Gotshal & Manges is bringing back Debra M. Sinclair as a partner in its U.S. restructuring practice, the Wall Street Journal and Bloomberg Law reported on September 24, 2026. Sinclair, co-chair of Willkie Farr & Gallagher’s strategic capital and restructuring department, began her career at Weil in 2013 and is expected to return in the coming weeks. At Willkie she led matters including the Saks Global chapter 11 restructuring, WSJ said, amid leadership changes at both firms.

Announcement (The Wall Street Journal) → · Bloomberg Law
N.Y.People moves

O'Melveny hires Linklaters restructuring partner Penelope Jensen in New York

O'Melveny & Myers hired Penelope Jensen as a New York bankruptcy and restructuring partner from Linklaters, Bloomberg Law and the New York Law Journal reported on September 24, 2026. Jensen advises creditors and lenders in chapter 11, chapter 15 and out-of-court restructurings. She is O'Melveny’s second New York restructuring partner addition in September after David Botter joined from Cleary Gottlieb.

Announcement (Bloomberg Law) → · New York Law Journal
UKPeople moves

Greenberg Traurig adds Sofiya Bumagin as London energy shareholder and Hayley Çapani as restructuring of counsel

Greenberg Traurig added Sofiya Bumagin as a shareholder in its London energy and natural resources practice from Sidley Austin and Hayley Çapani as of counsel to its London litigation practice from Shoosmiths, the firm announced on 23 and September 22, 2026; Bloomberg Law reported both hires on September 23. Bumagin advises financial sponsors on energy-transition and digital-infrastructure M&A including battery storage, district heating, data centers and fibre; Çapani advises on contentious restructuring and insolvency.

Announcement (Bloomberg Law) → · Greenberg Traurig
N.Y.People moves

Mayer Brown hires White & Case leveraged finance partner Kerrick Seay in New York

Kerrick Seay joined Mayer Brown as a partner in its global leveraged finance and private capital group in New York from White & Case, Bloomberg Law reported on September 23, 2026. His practice covers syndicated lending, private credit, restructuring-related financings, and liability-management exercises for financial institutions and direct lenders.

Announcement (Bloomberg Law) → · New York Law Journal
N.Y.People moves

Milbank adds former O’Melveny tax chair Alex Anderson as New York partner

Milbank LLP announced on September 22, 2026 that Alex Anderson joined its New York Tax Group as a partner from O’Melveny & Myers, where he had chaired the tax practice, International Tax Review and Pulse2 reported. Anderson’s practice covers U.S. federal income tax in restructurings, financings, securitizations, M&A, fund formation, and entertainment and media transactions.

Announcement (International Tax Review) → · Milbank, Pulse2
N.Y.People moves

Weil Gotshal weighs strategic options including a possible merger after partner exits

Weil, Gotshal & Manges is considering options for its future, including a potential combination with a rival, people familiar with the matter told Bloomberg, as the firm absorbs a wave of senior departures. Firm leaders have held informal discussions to gauge interest and have been canvassing partners while also studying lateral hires and promotions; a spokesperson said Weil is not engaged in merger discussions with any firm and could remain independent.

Announcement (Bloomberg) → · Bloomberg Law, Reuters
BANKR. S.D.N.Y.Litigation

Google's $10 million bid for Spirit Airlines' de-identified data draws union objections, a privacy ombudsman's report and a rival micro1 bid; hearing moved to September 16

Spirit Airlines' bankruptcy sale of de-identified internal data to Google for $10 million, won at an August 14 auction over Mercor's $7.5 million, faces limited objections from the flight attendants', pilots' and machinists' unions, a consumer privacy ombudsman's report, and micro1's notice of a competing bid. Judge Sean Lane's approval hearing in the Southern District of New York, adjourned twice, is now set for September 16, with replies due September 14.

Filing (U.S. Bankruptcy Court, S.D.N.Y. (via Epiq)) → · Epiq (claims agent docket), Reuters, Bloomberg Law +2