http://www.law360.com/ Latest articles for organization: Milbank Tweed Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/132658 A bankruptcy judge agreed Thursday to let creditors choose between the reorganization plan crafted by debtors Young Broadcasting Inc., favored by senior lenders, and a competing plan by the unsecured creditors committee. http://www.law360.com/articles/132658 http://www.law360.com/articles/132258 Bankrupt satellite operator ProtoStar Ltd.’s creditors are objecting to the debtor’s proposed $210 million asset sale to Intelsat Subsidiary Holding Co., arguing that ProtoStar passed up a better bid from Eutelsat America Corp. http://www.law360.com/articles/132258 http://www.law360.com/articles/131190 Bayer CropScience LP has accused two other environmental companies, Tessenderlo Kerley Inc. and Phoenix Environmental Care LLC, of copying its ingredients for fungicides for grasses, plants and crops and using a brand name that is similar to Bayer's. http://www.law360.com/articles/131190 http://www.law360.com/articles/129747 A satellite company accused by shareholders of being beholden to the Israeli government has won a federal appeals court decision that likely will send the case to be heard in Israel. http://www.law360.com/articles/129747 http://www.law360.com/articles/129630 Commercial truck maker Navistar International Corp. has announced plans to issue $1.5 billion in notes to repay loans. http://www.law360.com/articles/129630 http://www.law360.com/articles/129580 Private equity firm Cerberus Capital Management LP has announced plans to hold a $200 million initial public offering for gun and ammunition maker Freedom Group Inc. http://www.law360.com/articles/129580 http://www.law360.com/articles/129217 Following a hearing in a district court, Grupo Mexico SAB de CV has reportedly found itself with some additional hurdles to clear in its bid to acquire bankrupt U.S. copper mining company Asarco LLC. http://www.law360.com/articles/129217 http://www.law360.com/articles/128635 Bankrupt Lehman Brothers Holdings Inc. has already paid out $402.9 million in fees and expense reimbursements to attorneys, financial advisers and other consultants, a newly filed report shows. http://www.law360.com/articles/128635 http://www.law360.com/articles/121099 Federal incentives for renewable energy projects are largely tax-based, but the rules limit the taxpayers who can use the benefits, making the system inefficient and expensive and ultimately restricting the ability of the industry to grow, says Ed Feo, co-chair of Milbank Tweed Hadley & McCloy LLP's project finance and energy practice. http://www.law360.com/articles/121099 http://www.law360.com/articles/127940 Belkin Corp. and Australia's Commonwealth Scientific and Industrial Research Organization have revised the settlement in their long-running suit over a wireless local area network patent owned by the Australian national research agency, definitively resolving the dispute. http://www.law360.com/articles/127940 http://www.law360.com/articles/127253 Accuride Corp., an Evansville, Ind.-based maker of medium- and heavy-duty steel and aluminum wheels, said Thursday it was filing for bankruptcy under a prearranged agreement with bondholders and senior lenders that leaves current stockholders out in the cold. http://www.law360.com/articles/127253 http://www.law360.com/articles/126843 A group of lenders to bankrupt credit card processor Cynergy Data LLC has objected to $21 million in cure payments the company is proposing to transfer to Harris Bank NA, claiming the debtor is taking sides between creditors and the bank. http://www.law360.com/articles/126843 http://www.law360.com/articles/126333 Allen & Overy LLP has continued a recent hiring spree, luring the former head of the Sydney office of Skadden Arps Slate Meagher & Flom LLP to its U.S. corporate finance group, the firm announced Monday. http://www.law360.com/articles/126333 http://www.law360.com/articles/125627 In an effort to target the re-emerging high-yield bond market in Europe, Allen & Overy LLP announced Thursday that it had snagged one of the market's veteran legal players, Kevin Muzilla, for its U.S. corporate finance practice. http://www.law360.com/articles/125627 http://www.law360.com/articles/125629 Satellite operator ProtoStar Ltd. has filed a reorganization plan, which contemplates auctioning off the company's two satellites in October, with the Delaware court overseeing its Chapter 11 proceedings. http://www.law360.com/articles/125629 http://www.law360.com/articles/125651 A federal appeals court has affirmed a district court's dismissal of a putative securities class action alleging that Legg Mason Inc. and Citigroup Inc. defrauded investors by omitting details of a secondary public offering following a multibillion-dollar unit swap in 2005. http://www.law360.com/articles/125651 http://www.law360.com/articles/125091 Station Casinos Inc. has objected to a proposed probe by its unsecured creditors into the transactions that transformed the now-bankrupt casino operator from a public to a private entity, contending that it already has spent $3 million investigating the going-private deals. http://www.law360.com/articles/125091 http://www.law360.com/articles/123125 The concept of elected insurance commissioners who perceive their post as a stepping stone to greater offices is just silly. The country would be better served by a uniform scheme for insurance regulation, says Linda Dakin-Grimm, a leader in Milbank Tweed Hadley & McCloy LLP's reinsurance and insurance practice. http://www.law360.com/articles/123125 http://www.law360.com/articles/124529 A bankruptcy judge has recommended that a district judge approve Grupo Mexico SAB de CV's $2.2 billion bid to acquire bankrupt copper mining operator Asarco LLC and reject the latest rival bid from India-based Sterlite Industries Ltd. http://www.law360.com/articles/124529 http://www.law360.com/articles/123795 India-based Sterlite Industries Ltd. is taking aim at its primary rival in a yearlong bidding war over bankrupt copper mining operator Asarco LLC, pledging to release Grupo Mexico SAB de CV from up to $8 billion in liability should Sterlite's bid to take Asarco win out over Grupo Mexico's. http://www.law360.com/articles/123795