Legal Lens

On this legal-focused episode of Debtwired, Andy Serbe sits down with Stephen Silverman of Gibson Dunn to talk about ad hoc group formation trends in Chapter 11, the role they play in a plan and negotiation-focused environment, and more.

To kick off 2026, three Sullivan & Cromwell partners join Legal Lens to discuss untangling one of the biggest cases in recent memory in FTX, reaching 100%+ recoveries for creditors, inside jokes at the collapsed firm, and more.

On-site at Debtwire's Restructuring Forum 2025, Legal Lens host and Deputy Courts Editor Andy Serbe interviews a series of restructuring experts on what their takeaways for this year were, and predictions for '26, from Altice lawsuits to key court rulings and sectoral challenges.

Jason Goldstein, a partner at Gibson Dunn specializing in restructuring, shares his insights on the evolution of LME bankruptcies. He discusses the booming landscape of LMEs, the risks associated with post-LME bankruptcies, and how sponsor incentives shape out-of-court restructurings. Jason dives into the implications of indemnity issues and the pivotal roles of appellate outcomes. He also explores how adversary actions can strategically influence cases and discusses the tightening of deal documents in response to market dynamics. A fascinating look at the future of restructuring.

This month's Legal Lens discussion with Katie Coleman of Hughes Hubbard & Reed centers on the growing use of appeals in bankruptcy contexts, and what challenges that presents. As litigation situations like mass torts and LME fights import into bankruptcy more frequently, could the importation of a backward-looking appeal process disable a reorganization system once sought for advantages of speed and cost?

On this episode of Legal Lens, host Andy Serbe sits down with Judge Philip Shefferly, formerly of the Eastern Michigan Bankruptcy bench, to discuss ADR in restructuring. As some say, consensus is king in Chapter 11 and in cases rife with conflict how valuable is an outside perspective in building a deal everyone can live with?

With healthcare debtors facing old challenges such as reimbursement issues, as well as new ones such as potentially reduced funding, what options do they have? In this episode, host Andy Serbe discusses the sector in 2025, and how to balance bankruptcy law with a very human industry with Robert Miller of Hooper Lundy & Bookman.

In this discussion, Byron Moldo, a seasoned attorney from Ervin Cohen & Jessup, delves into the stormy waters of retail bankruptcies. He unpacks the effects of changing consumer habits and the steep rise in online shopping that have left physical stores gasping for breath. The conversation illuminates the significant hurdles landlords face from increasing vacancies and highlights examples like Claire's Holdings and Rite Aid. Moldo also outlines negotiation tactics for landlords and the cautious approach lenders are taking amid a wave of retail challenges.

David Turetsky, a Partner at White & Case with expertise in debt restructurings, dives into the intriguing world of prepackaged bankruptcies. He shares his journey in restructuring law, revealing his passion for helping distressed companies. The conversation covers the evolution of prepacks, their advantages over traditional filings, and the importance of jurisdictional choices in Chapter 11 cases. Turetsky also outlines best practices for success and discusses anticipated trends in the future of these financial strategies.

On this month's episode, host Andy Serbe sits down with Greg Jones of Stradling to discuss the history and recent posture of asbestos cases, one of the biggest categories of mass tort cases, using recent appellate arguments in the Bestwall Chapter 11 as a focal point.