Bankruptcy Archive » July, 2012

Bankruptcy - July, 2012

249 articles

• DiamondJacks Operator Files For Ch. 11, Mulling $125M Sale
• Indy Downs CEO Objects To Racino's Confirmation Plan
• Wavetronix Asks To Name DBSI Trustee In RICO Suit
• $152M Knocked Off Potential Damages In MSR-Hilton Row
• Peregrine Petroleum Told To Pay $16M In Trade Secrets Case
• Stanford Judge Puts US Receiver Ahead Of Antiguan Liquidators
• Dewey Floated 2-Week Cash Lifeline To Aid Ex-Partner Deal
• Vertrue Wins Bid To Maintain Credit Card Processing Deals
• Bankrupt Arcapita Preps For Stay Fight Over $120M Damages
• Judge Keeps $50M Malpractice Claim Against Paul Hastings
• Pilots Launch WARN Suit Against Bankrupt Airline
• Warner, Sony Slash $100M Claims Against Failed Music Startup
• Nortel Moves To Ax Retiree Benefits In Ch. 11
• Creditors Of Failed Clearinghouses Should Feel Pinch
• Ritz Camera's Auction Schedule Wins Green Light
• Kodak Trustee Objects To $9M Bonuses For Key Managers
• Judge Sides With Trustee, Tells Bicent To Fix Ch. 11 Plan
• ResCap Examiner Gives Court Outline Of Prebankruptcy Probe
• Allied's Payments To Firm Preclude Representation, US Says
• Judge Gives Go-Ahead To Connaught Disclosure Statement
• RI City's Disclosure Statement Gets Judge's Nod
• O'Melveny To Pay $2M In Empire Land Conflict-Of-Interest Suit
• $145M SP Newsprint Stalking Horse Plan Wins Approval
• Solyndra Files Ch. 11 Plan Including Minimal Payback To Gov't
• Bankruptcy Judge Approves Dewey's Employee Bonus Plan
• TMST Trustee Pays Banks $72M To Settle Collateral Rights Suit
• Tribune Turns To BofA, Merrill For $300M Credit Facility
• 2 Ex-Thelen Partners Settle Compensation Claims
• Milbank Lures Bankruptcy Expert From White & Case
• Prince's Ch. 11 Plan Wins Green Light
• Fletcher Wins Injunction Against Cayman Liquidators
• Ch. 11 Judge Won't Stay RG Steel Unit's Massey Contract Suit
• BNY Wants Probe of Bankrupt Ala. County's Sewer Finances
• Some Can't Dock In Bankruptcy Code's 'Safe Harbor'
• Kodak, Apple Patent Row To Stay In Bankruptcy Court
• 3rd Circ. Nixes $2M Defamation Claim In Philly News Ch. 11
• Dewey Offers New $90M Clawback Deal To Ex-Partners
• Madoff Feeder Suits Belong in Europe, Banks Tell 2nd Circ.
• SP Newsprint's $145M Stalking Horse Too Swift, Creditors Say
• Hawker's $2M Employee Retention Plan Gets Green Light
• Madoff Trustee Asks To Release Up To $2.4B In 2nd Payout
• Calif. City's Financial Practices Under SEC Microscope
• Judge Strikes Breakup Fee From LSP Stalking Horse Deal
• Arnold & Porter Adds White & Case Bankruptcy Vet
• Case Study: In Re Windmill Durango Office
• RI Wants To Seize Schilling Co.'s IP After $75M Loan Default
• Judge Blocks ERISA Claims In Madoff Liquidation
• Adelphia, FPL Closing Arguments Spar Over Valuation
• Lehman, Deutsche Reach $42M Deal In Derivative Contract Row
• AspenTech Loses Bid To Halt Servicing Of Infringing Software
• DVD Co. Cinram Gets US Clearance For $83M Sale To Najafi
• CFTC Access To Firm Accounts Could Prevent Future Peregrines
• Dewey Bankruptcy Judge Seeks More Info Before Bonus Ruling
• Jones Day Adds Ex-Hunton & Williams Finance Partner
• Skinner Ch. 11 Must Convert To Ch. 7, 3rd Circ. Confirms
• San Bernardino OKs Emergency Budget To Defer Debts
• Judges OK Private Equity Firm's $70M Northstar Buy
• Kerr-McGee Witness Begins Defense In $25B Tronox Case
• Potential LSP Bidder Objects To $249M Stalking Horse Deal
• Spansion Pushes 3rd Circ. To Overturn Bar On Apple Suit
• Judge Delays Ruling In Kodak Patent Row With Apple
• Trustee Objects To Hawker Beechcraft's Exec Bonus Plan
• Betsey Johnson Sues Over Fabric Sales
• Hedge Fund Appeals Approval Of Tribune Ch. 11 Plan
• Case Study: In Re Creekside Senior Apartments
• TMST Trustee's $2B Suit Belongs In Bankruptcy Court: Judge
• Ritz Landlords Cry Foul Over Speedy Bidding Process
• Bicent Creditor Cries Foul Over 'Shortcuts' In Ch. 11 Plan
• Stockton, Calif.'s Pre-Ch. 9 Sessions Yielded Few Deals
• ITC Ruling Could Be Nail In Kodak Patent Sale's Coffin
• CME Group May Move Customer Funds To Clearinghouses
• Fairfield Liquidator Eyes $89M In Pair Of Clawback Suits
• Oregon Laser Co. Files For Ch. 11 In Expanding Market
• Case Study: Sunbeam V. Chicago American Manufacturing
• Lumbermens' Rehabilitation: Consequences For Policyholders
• American Laser Wants More Time To File Ch. 11 Plan
• SP Newsprint's Lenders Form $145M Stalking Horse
• Dewey Execs Move $7M Fraud Suit, Say Firm Is Correct Target
• Koch Unit Slams MF Global Trustee's $20M Claim
• AMR Flight Attendants Will Vote On New Contract
• Alzheimer's Group Can Push Suit Against Ruden McClosky
• Labor Union Wants Patriot Coal Ch. 11 Moved To W.Va.
• Further Aligning Italian Bankruptcy Law To US Ch. 11
• MSR, Hilton's Post-Trial Damage Estimates $288M Apart
• Dewey Extends Deadline For $104M Ex-Partner Deal
• Judge Gives Law Firms OK To Appeal Coudert Clawback Ruling
• Massey Accuses RG Steel Of Misusing Bankruptcy Stay
• Tronox, Kerr-McGee Trial To Resume In Enviro Liabilities Row
• US Fidelis To Pay Consumers $13M To Settle Warranty Suit
• 2nd Circ. Flips Grant Thornton Win In Winstar Audit Suit
• Some Peregrine Customers Get Chance To Reclaim Property
• Former TWA Pilots Can't Step Into AMR Labor Dispute
• AMR Gets More Time To File Plan, Consider Merger Options
• 10 Issues For Property Insurers Of Hard-Luck Insureds
• San Bernardino Declares Fiscal Emergency To Hasten Ch. 9
• FHFA Can Pursue MBS Claims Against ResCap Affiliates: Judge
• Howrey To Subpoena 70 Firms That Hired Ex-Partners
• IndyMac CEO Off Hook For SEC's Risk-Weighting Claims
• Schulte Ducks Malpractice Claims From Refco Investors
• RG Steel Exec Bonuses Linked To Sale As Going Concern
• Feds' $5M Thompson River Claim May Quell Solyndra Furor
• Compton May Be Next In Spate Of Calif. City Bankruptcies
• Amaranth Says Would-Be Dreier Adviser Has Privileged Info
• US Trustee Fights Dewey Over $700K In Retention Bonuses
• Spotlight On Section 550 Of The Bankruptcy Code
• Madoff Trustee, Calif. AG Enter Talks Over Right To Sue
• Peregrine CEO Wasendorf Delays Bail Hearing
• Judge Nixes Lawyer Fee Cap For Kodak Retiree Committee
• Ritz Camera, Creditors Agree On Amended $20M DIP
• Peregrine CEO Used Stolen Funds To Pad Capital, Reports Say
• Arctic Glacier's $434M Sale To HIG Gets US Approval
• Wireless Network Co. FiberTower Files Prepack Ch. 11
• Mont. Power Co-Op Meddled With Contracts, City Says
• Indy Downs Gets Go-Ahead To Settle $50M Contract Claims
• Advanta, KPMG Can't Dodge Shareholder Class Suit
• Judge Lets Hawker Beechcraft Negotiate With Chinese Bidder
• NJ Developer Pays $22M To Settle Condemnation Row
• 6 States Face Mounting Budget Crisis, Report Warns
• Stern Wrests $11M Arbco Clawback From Bankruptcy Court
• IP In Bankruptcy — Insights From 6th, 7th Circs.
• Besieged San Bernardino Postpones Fiscal Emergency Vote
• Judge OKs LightSquared's $51M DIP Plan, CEO Deal
• NFA Hires Jenner & Block For Post-Peregrine Audit
• Departing Yahoo CEO Could Face Radar Fraud Suit
• Ex-Dewey Attys May Be Liable For Client Privacy Breaches
• LSP Secures $249M Stalking Horse Bid For Miss. Plant
• Dewey Gets Thumbs-Up For File Disposal Procedures
• Discount Apparel Chain Daffy's Reportedly To Liquidate
• Hawker Sale To China Risks Military Secrets, Union Says
• Pilgrim's Pride Says Farmers' Antitrust Claim Won't Fly
• Peregrine Execs Accused Of Commingling Funds In New Suit
• Mayer Brown Tells 7th Circ. $17M Malpractice Suit Is Absurd
• Patriot Coal's Remaining 1st-Day Motions Granted In Ch. 11
• Raising The Bar On CMBS Loans
• Judge Gives Tribune Co. Green Light On Ch. 11 Exit Plan
• Asbestos-Saddled Specialty Products Submits 1st Ch. 11 Plan
• Judge Sees No Quick End To 'Train Wreck' MF Global Cases
• Evergreen Solar Gets Approval To Turn Out The Lights
• Regulators Eye New Rules To Manage Big Bank Failures
• Dems Float New Bankruptcy Rule To Protect Workers
• Hilco, Others Can't Remove Ellen Tracy Trustee's $50M Suit
• Dykstra Admits To Bankruptcy Fraud, Faces 20 Years
• Ga. Holding Co. Lists 25,000-Plus Creditors In Ch. 7 Filing
• Peregrine CEO Arrested As Damning Suicide Note Emerges
• San Bernardino Subject Of Criminal Probe For Months
• Using Plaintiff's Bankruptcy In A Product Liability Action
• Syms Brings Creditors, Equity Together On Ch. 11 Plan
• Peregrine Trustee Can Run Business Ops, Pay Key Employees
• MSR Witnesses Make Case To Cancel Hilton Agreements
• AFA Foods Nets $57M In Sale Of Texas, Pa. Meat Plants
• Fund Managers Put Up $32M To End Rothstein Trustee Claims
• Allied Systems Gets Green Light For $20M DIP Loan
• Judge To Tap Mediator In NewPage Ch. 11 Feud
• The Latest In Jefferson County
• Citi Can't Ax Suit Over Bankrupt Vegas Monorail Bonds
• Bold Calif. Mortgage Plan Faces Eminent-Domain Hurdles
• NYC Calls Getty's Liquidation Plan Inadequate
• CFTC's Peregrine-Prompted Reforms May Not Fend Off Fraud
• Sealing The Deal: DLA Piper Speeds Reddy Ice Through Ch. 11
• Ambac Wins 2nd Circ. Approval For $33M Securities Settlement
• High Court Asked To Weigh Juries' Role In Punitive Damages
• Lehman Claims In $8.6B JPMorgan Row Won't Get 2nd Look
• Calif. City Retirees Sue To Block Health Care Cuts
• Dewey Seeks $104M From Ex-Partners To Avoid Clawbacks
• Shaw Gussis Atty Steps Into Peregrine Ch. 7 Trustee Role
• AMR CEO Says It's Time To Consider Merger Options
• Taylor Bean Unit's $800M Freddie Mac Gambit Faces Slim Odds
• Bondholders Rip NewPage Rejection Of $1.5B Verso Merger
• Peregrine CEO's Suicide Note Tipped Off FBI To Missing Money
• Bankrupt Peregrine Faces WARN Suit
• LSP Energy Settles With BNY Mellon Over $80M Bond Penalty
• San Bernardino Is 3rd Calif. City To Go Bankrupt
• Investors To Get $110M From Merkin Funds
• MF Global's Canada Unit To Hand Over $61M In Forex Funds
• Tribune Will Get Decision On Ch. 11 Plan By Fri., Judge Says
• Private Equity In The Crosshairs
• Peregrine Files For Ch. 7 As Fraud Scandal Unfolds
• Rising Costs Could Push More Calif. Cities Underwater
• 38 Studios Execs Say Miscommunication Led To $75M Default
• Peregrine Likely To Take Cues From MF Global Bankruptcy
• Judge Rules 'Soft-Dollar' Claims Aren't Protected By SIPA
• ResCap Wins Stays On Last 6 Suits Against Affiliates
• Bankrupt Taylor Bean Unit To Seek $800M From Freddie Mac
• Patriot Coal Scores Interim Access To $802M DIP Loan
• Brooklyn Developers Face $50M Suit Over Soured Deal
• SemGroup Creditors' Trust Sues Barclays Over $143M Fee
• $1.8B Chinese Bid For Hawker Stirs Up Security Concerns
• Retirees Seek To Curb Kodak's Leeway To Cut Benefits
• RH Donnelley Execs Reach $2M ERISA Class Deal
• Enviros Cleared To Pursue Appeal In RG Steel Pollution Case
• Holland & Knight Hires PE Expert From Katten Muchin
• Radlax — 'An Easy Case'
• Chinese Aerospace Co. To Pay $1.8B For Hawker Beechcraft
• Low Sales, High Costs Usher Patriot Coal Into Ch. 11
• LightSquared Reaches Termination Deal With Ex-CEO
• Indy Downs CEO Seeks Probe Of Creditor's Links To Rival
• Judge Allows Dewey & LeBoeuf To Break Most Of Its Leases
• FDIC Fights Fee Payout In Imperial Bankruptcy
• Bankruptcy Trustee, Brokers Duck FCA Kickback Claims
• Meyer Suozzi Allowed To Stay On In Inner City IP Case
• Bankrupt RG Steel Must Face Air Pollution Suit, Judge Says
• Bankrupt Ritz Camera Seeks Stalking Horse Bid
• IndyMac Trustee Takes Insurers' $80M Win To 9th Circ.
• Trend Watch: The Safety Of Reorganization Financing
• 11th Circ. Gives BofA Small Win In Las Vegas Casino MDL
• Syms' Reorganization Plan Coming Together After Agreement
• AMR Seeks To Change Retiree Benefit Plans
• Weil, Butzel, Kramer Pay $520K To End GM Ch. 11 Fee Fight
• Marriott Reaches Deal In Dispute Over $250M Honolulu Hotel
• REIT Sues Station Casinos, Creditors For Share Rights
• Are Your Waivers Worth The Paper They Are Printed On?
• Dynegy Files For Ch. 11, Will Merge With Subsidiary
• FDIC Says Bankruptcy Stay Doesn't Block Ally Suit
• Fletcher Gets TRO Against Liquidator To Keep Assets Intact
• Extended Stay Trustee Bows Out After Feud Over Lender Suits
• Specialty Products Trustee Objects To More Asbestos Attys
• Getty Unit Wins $5M Judgment In Green Valley Rent Row
• Insurance Agents Admit To $29M Annuities Fraud
• Bankruptcy Filings Slide In 1st Half Of 2012, Report Says
• Commonwealth To Pay $11M To Settle LandAmerica Ponzi Suit
• Delta Petroleum Earns Nod On Disclosure Statement
• Asbestos Claimants Seek Sanctions Against Garlock
• Lehman's Objections Survive In JPMorgan Repo Row
• Bradley Arant's Charlotte Office Scores Bankruptcy Partner
• Union Pacific Says It Can't Be Railroaded Into Cleanup Fees
• Dewey Seeks Court's OK For $700K In 'Morale' Bonuses
• Bankrupt Fletcher Fund Sues To Fight Liquidation
• Who's SARE-y Now?: No Whole-Business Exceptions
• RG Steel Blasts Enviros' Exemption Claim To Ch. 11 Stay
• Judge Awards $56.7M For Lehman Bros. Class Action Fees
• Ex-NY Bankruptcy Chief To Be Examiner In ResCap Ch. 11
• WaMu Shareholder Objects To Bankruptcy Attys' Fees
• Feds Release 'Living Will' Outlines For 9 Big Banks
• Hilton Expert Says Nixing MSR Resort Deals Would Harm It
• Strategic Capital Dodges $2M Fraudulent Transfer Suit
• NJ State Judge OKs $45.3M Sale Of Bankrupt Christ Hospital
• House Panel Wants Loan Testimony From Abound Solar CEO
• Betsey Johnson Settles Debt With Creditor Steve Madden
• Patton Boggs Bankruptcy Chair Joins Hunton & Williams
• Challenging The Evasion Of ERISA Pension Liability
• Calif. Resort Town To File Ch. 9 After $43M RE Judgment
• Dynegy Unit Can Seek Creditor Votes On Bankruptcy Plan
• Hawker Beechcraft Plan Would Convert Debt To Equity
• Kodak Gets Go-Ahead For Controversial Patent Sale
• Trustee Says Dewey Wants To Hire Too Many Advisers
• Abound Solar Files For Ch. 7 Despite Federal Loan Guarantee
• Micron's $2.5B Buyout Covers Bankrupt Elpida's Debts
• Japan's Sanko Steamship Sinks Under $2B Debt
• Dewey & LeBoeuf And The 'Unfinished Business' Doctrine