Full recoveries, untangling, and stories at FTX with Sullivan & Cromwell

An ad hoc discussion of ad hoc lender groups

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.

Full recoveries, untangling, and stories at FTX with Sullivan & Cromwell

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.

Debtwired Miami 2025: Takeaways and predictions for year's end

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.

Could 2025's LME outcomes spook the market for 2026?

Serta's advisors, including guest Jason Goldstein's firm Gibson Dunn, thought it could be the model for LME bankruptcies. Years later, appellate outcomes and shifting results from spiritually similar cases leave the market with just as many questions as answers about the hottest transaction type in recent memory. To wrap up 2025, Jason and Legal Lens host Andy Serbe discuss what that means for the market entering the new year.

Could rising bankruptcy appeals cripple the system?

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?