http://www.law360.com/bankruptcy Latest articles for: Bankruptcy Copyright 2012 Portfolio Media, Inc. en-US Wed, 22 Feb 2012 20:20:35 +0000 http://www.law360.com/bankruptcy/articles/311770 http://www.law360.com/bankruptcy/articles/311770 Getty Petroleum Marketing Inc. filed suit Tuesday asking the judge handling its New York bankruptcy proceeding to block several lawsuits, including a dispute over a 2009 transfer of gas stations from Getty to then-sister company Lukoil North America LLC. Wed, 22 Feb 2012 20:02:04 +0000 http://www.law360.com/bankruptcy/articles/312426 http://www.law360.com/bankruptcy/articles/312426 Plus-size women's clothing retailer United Retail Group Inc. is set to sell itself after a New York bankruptcy judge approved sale procedures Wednesday, following a contentious hearing over whether the proposed sale unfairly benefits would-be buyer Versa Capital Management LLC. Wed, 22 Feb 2012 19:49:06 +0000 http://www.law360.com/bankruptcy/articles/312297 http://www.law360.com/bankruptcy/articles/312297 AMR Corp. on Wednesday told the Delaware judge overseeing its bankruptcy that nonunion retirees should not form a committee to represent the interests of all retired company workers because a committee was not needed and would hold up labor negotiations. Wed, 22 Feb 2012 19:18:42 +0000 http://www.law360.com/bankruptcy/articles/312109 http://www.law360.com/bankruptcy/articles/312109 A New York bankruptcy judge on Wednesday allowed Pfizer Inc. subsidiary Quigley Co. to stay in Chapter 11 for up to six more months, as the insulation maker continues trying to hammer out a deal with asbestos claimants. Wed, 22 Feb 2012 18:49:29 +0000 http://www.law360.com/bankruptcy/articles/312273 http://www.law360.com/bankruptcy/articles/312273 A number of former Washington Mutual Inc. executives objected Wednesday to the bankrupt bank's refusal to set aside cash reserves to cover their existing and potential indemnification claims. Wed, 22 Feb 2012 14:26:34 +0000 http://www.law360.com/bankruptcy/articles/312096 http://www.law360.com/bankruptcy/articles/312096 A Delaware federal judge on Wednesday approved a disclosure statement for the Los Angeles Dodgers LLC’s Chapter 11 bankruptcy plan despite a barrage of objections, including one by a fan who suffered severe injuries last year at a baseball game. Tue, 21 Feb 2012 22:53:14 +0000 http://www.law360.com/bankruptcy/articles/311873 http://www.law360.com/bankruptcy/articles/311873 CBM Capital LLC on Tuesday opposed a $70 million settlement between Gibraltar Private Bank & Trust and bankruptcy trustees over Gibraltar's alleged involvement in a $1.2 billion Ponzi scheme perpetrated by former attorney Scott Rothstein. Tue, 21 Feb 2012 21:32:18 +0000 http://www.law360.com/bankruptcy/articles/311826 http://www.law360.com/bankruptcy/articles/311826 A New York federal judge on Tuesday tossed racketeering claims against UniCredit SpA and an affiliate in a $59 billion suit lodged by Bernard L. Madoff's bankruptcy trustee, ruling that they had been insufficiently pled. Tue, 21 Feb 2012 20:04:37 +0000 http://www.law360.com/bankruptcy/articles/311781 http://www.law360.com/bankruptcy/articles/311781 General Maritime Corp. indenture trustee The Bank of New York Mellon Corp. said Tuesday that the bankrupt oil tanker operator's disclosure statement left out important information that could significantly reduce payments owed to the noteholders the bank represents. Tue, 21 Feb 2012 19:43:53 +0000 http://www.law360.com/bankruptcy/articles/311752 http://www.law360.com/bankruptcy/articles/311752 A New York bankruptcy judge on Tuesday approved Inner City Media Corp.'s plan to sell itself for $180 million to creditors including billionaire Ron Burkle, overruling the U.S. government's objection that the plan constituted an attempt to dodge $31 million in taxes. Tue, 21 Feb 2012 19:27:46 +0000 http://www.law360.com/bankruptcy/articles/311721 http://www.law360.com/bankruptcy/articles/311721 Dental center manager Church Street Health Management LLC told a Tennessee federal judge Tuesday that it would seek to sell its assets to a stalking horse bidder, one day after fallout from Medicaid fraud claims forced the company into bankruptcy. Tue, 21 Feb 2012 15:14:15 +0000 http://www.law360.com/bankruptcy/articles/311488 http://www.law360.com/bankruptcy/articles/311488 The U.S. Supreme Court on Tuesday declined to hear a group of investors' challenge to a bankruptcy court's confirmation of Verizon Communications Inc. spinoff Idearc Inc.'s reorganization plan, which they claim deprived them of their rightful ownership in the reorganized company. Tue, 21 Feb 2012 14:41:46 +0000 http://www.law360.com/bankruptcy/articles/311330 http://www.law360.com/bankruptcy/articles/311330 Commercial real estate services company Grubb & Ellis Co. on Monday filed for Chapter 11 protection in New York to sell itself to BGC Partners Inc. in a bid to preserve its business. Tue, 21 Feb 2012 13:35:11 +0000 http://www.law360.com/bankruptcy/articles/311423 http://www.law360.com/bankruptcy/articles/311423 Multifamily real estate developer Equity Residential has upped its bid for half of Bank of America Corp. and Barclays PLC's 53 percent stake in apartment company Archstone to nearly $1.5 billion as Lehman Brothers Holdings Inc. prepares to take control of the company, Equity said Tuesday. Tue, 21 Feb 2012 12:59:12 +0000 http://www.law360.com/bankruptcy/articles/311381 http://www.law360.com/bankruptcy/articles/311381 A former MF Global Inc. client hoping to recover more than $1 billion in lost customer funds asked the collapsed brokerage's trustee to support his motion to treat MF Global Holdings Ltd. as a person rather than a corporation in a New York bankruptcy case, the client announced Tuesday. Tue, 21 Feb 2012 00:00:00 +0000 http://www.law360.com/bankruptcy/articles/311576 http://www.law360.com/bankruptcy/articles/311576 The Second Circuit on Tuesday resolved a jurisdiction dispute in bankrupt Italian dairy giant Parmalat SpA's securities fraud suit against Grant Thornton LLP, remanding the case to Illinois state court and vacating a New York federal court ruling. Fri, 17 Feb 2012 19:12:35 +0000 http://www.law360.com/bankruptcy/articles/311170 http://www.law360.com/bankruptcy/articles/311170 A Florida bank has reached a tentative $70 million settlement with three bankruptcy trustees stemming from the bank's involvement in a $1.2 billion Ponzi scheme orchestrated by attorney Scott Rothstein, according to a court filing Thursday. Fri, 17 Feb 2012 19:04:48 +0000 http://www.law360.com/bankruptcy/articles/310941 http://www.law360.com/bankruptcy/articles/310941 Lehman Brothers Holdings Inc. creditors on Thursday demanded that U.S. Treasury Secretary Timothy Geithner provide the court with his recollections of conversations with executives of the fallen investment giant and JPMorgan Chase Bank NA at the time of Lehman's' collapse in 2008. Fri, 17 Feb 2012 19:04:34 +0000 http://www.law360.com/bankruptcy/articles/310991 http://www.law360.com/bankruptcy/articles/310991 Trade groups, pension advocates, ConAgra Foods Inc. and others joined the pushback Friday against Hostess Brands Inc.'s move to drop out of 24 multiemployer pension plans in its Chapter 11 case in New York bankruptcy court. Fri, 17 Feb 2012 18:30:14 +0000 http://www.law360.com/bankruptcy/articles/311105 http://www.law360.com/bankruptcy/articles/311105 Sterling Chemicals Inc. asked the U.S. Supreme Court last week to find that it was allowed to raise premiums for a class of retired workers acquired in a merger because Sterling had rejected the merger contract during its Chapter 11 bankruptcy proceedings.