Bankruptcy Archive » May, 2009

Bankruptcy - May, 2009

240 articles

• Superior-BP Settlement Withstands Investor's Assault
• Chrysler Resolves Lemon Law, Workers' Comp Issues
• RH Donnelley Seeks To Cut $6.4B In Debt In Ch. 11
• Ch. 11-Bound GM Reaches Deals With Magna, UAW
• Insurer-Funded Ch. 11s Not Always Win-Win
• BearingPoint Gets OK For $44M Asset Sale To PwC
• Emerisque Bid For Hartmarx Assets Too Low: Lenders
• BofA Objects To Meruelo Maddux Compensation Plan
• County Objects To Lehman Bid To Sell Small Assets
• Size Complicates GM's Bankruptcy
• Drop In Auto Production Steers Visteon Into Ch. 11
• Insurer Claims Dewey's Advice Led To $1B Loss
• CDX Gas Ch. 11 Plan On Track For Confirmation
• Investment Fund Balks At AbitibiBowater DIP Request
• Skinner Ch. 11 Must Convert To Ch. 7: Judge
• Bankruptcy Outline Calls For Creation Of New GM
• Auto Slump, Debt Drive Parts Supplier Into Ch. 11
• Bank Failures, Rights Of FDIC Against Holding Cos.
• Founder Of Detroit Bankruptcy Firm Returns To Foley
• LandAmerica Settlement With PBGC Gets Court's OK
• Anchor Blue Latest Retailer To Feel Recession's Bite
• Chrysler Sale Hearing Proceeds Over Objections
• Foamex Goes For $155M After Auction Reopened
• DLA Piper Snags Bankruptcy Veteran From Dechert
• Harbinger Files Competing Ch. 11 Plan For Asarco
• Source Interlink Objects To Investor Bid To Delay Plan
• Stalled Bond Swap Means GM Bankruptcy Likely
• Filing Claims In The PCA Bankruptcy
• Jones Day Nabs 7 Bankruptcy Attorneys From Kirkland
• PBGC Takes Over Abandoned Circuit City Pension Plan
• Q&A With O'Melveny & Myers' Suzzanne Uhland
• Ch. 11 Doesn't Free Oil Co. From Fraud Case: Ruling
• 544(b)(1) Revisited: Silverman V. Sound Around
• BankUnited Files For Ch. 11 In FDIC-Brokered Deal
• Q&A With Debevoise & Plimpton's Richard Hahn
• Q&A With Seyfarth's Gus Paloian
• Transmeridian Looks To Sell Off Kazakhstan Oil Field
• Q&A With Weil Gotshal's Marcia Goldstein
• Q&A With Morrison & Foerster's Larren Nashelsky
• GBGH Plan To Expand Drilling, Restructure Approved
• Norwood Wins OK For Proposed $132M Asset Sale
• Harbinger Fights To File Competing Asarco Plan
• BP, Indian Tribe Object To CDX Disclosure Statement
• Q&A With Proskauer Rose's Jeff Marwil
• Q&A With McGuireWoods' Douglas Foley
• Q&A With Gibson Dunn's David Feldman
• Feds To Receive 70% Of GM Stock, UAW 17.5 %
• Q&A With WilmerHale's John Sigel
• Global Lehman Admins To Share Bankruptcy Info
• Lyondell Faces Objections Over Reclamation Claims
• Q&A With Morrison & Foerster's Gary Lee
• Monaco Set To Sell RV Assets To Navistar For $52M
• Madoff Trustee Pulls In $235M From Santander Funds
• Q&A With McDermott's Geoffrey Raicht
• Nixon Peabody Lands Partner from Kramer Levin
• Holland & Knight Snags Foley Bankruptcy Partner
• Ex-Dreier Attys In Hot Seat Over Founder's Assets
• Q&A With Fulbright's Lou Strubeck
• Q&A With Greenberg Traurig's Bruce Zirinsky
• Forever 21 Bids $17.7M For 14 Gottshalks Stores
• Midway Games Pushes $33M Sale To Warner Bros.
• Suit Maker Hartmarx Pushes For $85M Asset Sale
• Asbestos Claimants Want Asarco Plan Nixed
• Role Of The Real Estate Lawyer In Ch. 11
• Investors Fight To Protect $10M In CDX Ch. 11
• Lehman Unit Fights To Guard $125M For Creditors
• Will Rule 6003 Have A Lasting Impact On Anyone?
• Bank Of NY Seeks To Cut Norwood Price Tag By $56M
• Investors Win In Battle For Mortgages Ltd. Ch. 11 Plan
• US Joins Tronox Suit Against Former Parent
• Utilities Doubt Crucible's Ability to Pay
• Q&A With Paul Hastings' Luc Despins
• UAW Strikes Deal With GM On Labor Agreement
• Foamex Back On Auction Block After Bidding Spat
• Source Interlink Plan Falls Short On Taxes: IRS
• Secrets Of Success For Today's Summer Associates
• Ion Heads Into Ch. 11 With Prenegotiated Plan
• Chrysler Gets Green Light For $5B In DIP Cash
• Adversary Proceeding Stays In Nicole Energy Ch. 11
• Sunoco $8.5M Bid For Northeast Biofuels Plant OK'd
• Ariz. City Fights To Stop Coyotes From Moving Out
• WaMu Forced To Wait In Bid For JPMorgan Docs
• Intesa Units To Pay $27M To Parmalat
• Wash. Sues Lehman Execs Over Subprime Exposure
• Chrysler Creditors Attack US Over Sale Plan
• Skadden Bankruptcy Partner Moves To Latham
• Gordon & Rees Partner Jumps To Duane Morris
• Creditors Win More Time To Review LandSource Plan
• Nortel CEO, CFO Face Shareholder Class Action
• BearingPoint Creditors Object To Employee Incentives
• JG Wentworth Files For Ch. 11 To Ease Senior Debt
• Trustee Objects To Source Interlink's Financial Team
• Lehman Wants Answers From Barclays Over Sale
• CrossHarbor Acquires Bankrupt Yellowstone Club
• Anticipating GM Filing, Interpublic Amends Loan Deal
• Stay Lifted For End Touches On Flying J, Shell Deal
• Energy Partners Files Prenegotiated Ch. 11 Plan
• Charges Added V. Agriprocessors, Exec In Raid Case
• Turbulent Energy Market Send TXCO Into Ch. 11
• WaMu Plaintiffs Told To File More 'Coherent' Suit
• Star Tribune Asks Court To Toss Union Agreement
• SEC Signs Off On GM Debt-For-Equity Exchange Offer
• Broke Insurer Owes $15M Premium: 8th Circ.
• Mexican Paper Giant's Disclosure Statement OK'd
• Lehman Unit Sues MetWest Over $17M Setoff
• Madoff Trustee Moves To Kill Worker Benefit Plans
• 2nd Circ. Remands Crucible, Lloyd's Coverage Spat
• GM To Slash More Than 1,100 Dealers From Network
• Battle Lines Form Over Chrysler Dealer Closures
• Financial Crisis Drives ICO Global Unit Into Ch. 11
• First Magnus, Star Equity Bury Loan Fraud Claims
• Kirkland Shouldn't Represent General Growth: Trustee
• Adviser Asks To Pursue $88M Suit V. AbitibiBowater
• Oil Firms Seek Priority Over SemCrude Senior Lenders
• Grupo Mexico Appeals Sterlite Bid Protections
• Lehman Seeks To Mitigate Mortgage, Loan Exposure
• WL Homes Alters Sale Proposal To Appease Creditors
• 1031 Tax Group Trustee Hits Citi With $150M Suit
• Creditor Protests Abitibi Bid For $206M In DIP Cash
• LandAmerica Asks Court To Approve PBGC Deal
• $400M DIP Financing Approved For General Growth
• Foamex's Planned $105M Asset Sale Draws Protest
• JPMorgan Cries Foul At WaMu's Examination Bid
• WARN Class OK'd For Mortgage Lenders Settlement
• Pliant Plan Hearing Delayed At Creditors' Behest
• Crisis Sparks Call For Increased Credit Rating Liability
• Bankrupt Charter Wins TRO On DirecTV Attack Ads
• Tronox Sues Former Parent Over 'Fraudulent' Spinoff
• Mortgages Ltd., Investors Offer Up 3rd Ch. 11 Plan
• Chrysler Fights Bid For Nonunion Retiree Committee
• Circuit City Sells Trademarks, Business For $14M+
• Prepackaged Ch. 11 Filings Not Slowing Down: S&P
• Midway Creditors Cry Fraud Against Redstone
• Lehman Bankruptcy Judge Picks Fees Committee
• Spansion Noteholders Balk At $70M Samsung IP Deal
• Credit Suisse's 'Predatory' Loan Draws Judge's Ire
• Charter Fired Up Over DirecTV Attack Ads
• Creditors Object To Milacron's Bid To Cut Benefits
• Hayes Lemmerz Rolls Into 2nd Ch. 11 With Plan Set
• Barclays Pushes $140M Deal In LandSource Ch. 11
• Bankruptcy Crucial For Stanford Creditors: Investors
• Insurer Seeks To Lift DHP Ch. 11 Stay For Heater Suit
• Bankrupt Co. Directors May Be Shareholder Targets
• IBM, Novell Ask Court To Put SCO Group In Ch. 7
• Creditors Object To Mortgages Ltd.'s Land Sale
• Attorneys Seek About Half Of E-MedSoft.com Deal
• Asarco Wins Exclusivity Extension To Push Plan
• Coyotes Fight May Spell Big Changes For Pro Sports
• Spandex Maker Can Recoup Payout: 11th Circ.
• Star Tribune Gets Go-Ahead To Modify Union Pacts
• Chrysler's Utilities Motion Hits Choppy Waters
• Alliance Trustee Wins Access To Union Bank Records
• BofA Joins SemGroup Fight To Oust Catsimatidis
• $80M Stalking Horse Bid For Pilgrim's Plant Gets OK
• GM Bankruptcy Edging Closer To Reality: CEO
• DBSI Plan Promises Limited Recovery For Creditors
• Spat Over Dick Tracy Rights Belongs In Calif.: Beatty
• Syntax-Brillian Sells Olevia For $1M, Settles Suit
• NRG Must Pay Retiree Benefits Despite Ch. 11: Judge
• GWLS, Creditors Reach $1.5M Agreement
• Ex-Foley Attys Form Bankruptcy Practice In Detroit
• Non-TARP Lenders Drop Chrysler-Fiat Objections
• Making The Most Of Rule Of Evidence 502
• Lehman, PBGC Strike $128M Deal Over Pension Plan
• NHL Fights To Grab Control Of Coyotes Ch. 11
• Flying J Gets $20M DIP Facility For Pipeline
• Norwood Wins Bid For Cash, Other 1st-Day Motions
• Crusader Gets OK To Tap Collateral, Pay Bonuses
• Ethanol Producer White Energy Enters Ch. 11
• Lyondell Adds 13 More Cos. To Ch. 11 Proceedings
• Crucible Materials Enters Ch. 11 In Search Of Capital
• Adelphia Creditors' Fraud Claims Get Green Light
• Pilgrim's Creditors Object To Fee On $80M Sale
• Creditors Seek To Force WL Homes Into Ch. 7
• Are We Hiring A Justice Or Playing Politics?
• Post-Bankruptcy Pension Cost: Potential Jobs Killer
• Apollo Has Better Plan For Bankrupt Pliant: Creditors
• Madoff Trustee Hits Ex-GMAC Chair With $500M Suit
• AbitibiBowater Can Obtain Another $100M In DIP Cash
• Young Broadcasting Ch. 11 Counsel Challenge Tossed
• 9th Circ. Trims Benefits Claims In Trucking Co. Ch. 11
• MSG Unit Fights To End WaMu Theater Sponsorship
• Illegal Ch. 11 Fee Practices A Boon For Attys: Study
• U.S. Trustee Tries To Push SCO Group Into Ch. 7
• Lehman, CDO Issuer Spar Over Credit Default Swap
• Stock Building Pursues Bankruptcy Sale To Gores
• Thornburg Hastens To Liquidate In Complex Ch. 11
• Holdout Lenders Revealed In Chrysler Ch. 11
• Biotech Co. May Face Ch. 7 Without DIP Loan
• General Growth Finds $400M In New DIP Financing
• Crunch Enters Ch. 11, Seeks Sale To Creditors
• Mortgages Ltd. Asks To Sell Land To Pay Off Creditor
• Coyotes File For Bankruptcy Without NHL Approval
• Journal Register's Disclosure Statement OK'd
• Flooding, Financial Crunch Push Norwood Into Ch. 11
• US Energy Unit Gets Green Light For UK Deals
• Milacron Seeks Approval To Sell Assets For $175M
• Not All General Growth Malls Need Ch. 11: Lenders
• Chrysler Wins Interim OK To Access $1.8B
• Pilgrim's Pride Seeks Approval For $80M Plant Sale
• SC Hospital To Appeal Cert. Denial In Suit V. Grace
• United Owes Creditor Full $60M On Loan: 7th Circ.
• Charter Says Release 'Integral' To Restructuring Plan
• Holdout Lenders Blast Key Chrysler Ch. 11 Motions
• Madoff Trustee Sues High-Profile LA Investor
• Kramer Levin Lures Cooley Bankruptcy Veteran
• NetVersant Gets Green Light To Convert To Ch. 7
• State Street, Lehman Seek To Toss Developer's Suit
• Creditors Balk At Mortgages Ltd. Ch. 11 Plan
• The Significance Of Travelers V. Bailey
• Mark IV Can Obtain $80M In DIP Cash: Judge
• Delphi Gets Green Light On Brake Sale Bidding
• Citing Recession, Filene's Basement Files For Ch. 11
• Energy Partners Gets OK To Tap Cash Collateral
• Federal Insurance Fights To Pull Dreier Policy
• WaMu Asks To Examine JPMorgan For Fraud
• Lehman Creditors Allowed To Intervene In €58M Spat
• New Century Examiner Gets OK To Give Trustee Docs
• Successor Liability: Corporate Asset Buyers Beware
• Plaza Hotel Sues Trump In Bid For Casino Rent
• Tropicana Says Creditors Back Reorganization Plans
• Equity Committee Appointed In Pilgrim's Pride Ch. 11
• Hedge Fund Rebuffed In Polaroid Owner Fraud Case
• Katz Files $50M Breach Of Contract Against Heller
• Thornburg Mortgage Enters Ch. 11, Starts Liquidation
• Liquidity Struggles Force Mark IV Into Ch. 11
• Lyondell Must Offer Up Liability Insurance Info: Judge
• Tousa Gets OK To Keep Using Cash Collateral
• Grace Tries To Quash Libby Claimants' Depositions
• Despite Buyers' Market, 363 Sales Still Prove Complex
• Brooke Trustee Looks To Convert Cases To Ch. 7
• Flurry Of Activity On Day 1 In Chrysler Ch. 11
• Oil Prices Cited In Energy Partners Ch. 11 Filing
• Fowler White Nabs Bankruptcy Pro From Kiesel Hughes
• Less Demand, More Competition Sinks US Shipping
• Subprime Lender Accredited Files For Ch. 11
• US Trustee Can't Take Over Bayou Ch. 11: 2nd Circ.
• Weil Gotshal Has Conflict Of Interest: Trump Trustee
• Charter, Spectrum Cases Poised To Set Precedent
• Slow Summer Could Bankrupt Travel, Leisure Cos.