Bankruptcy Archive » August, 2012

Bankruptcy - August, 2012

273 articles

• Texas Appeals Court Can't Introduce Stay Issues: Court
• CHL Secures $20M Interim DIP Loan, Plans Quick Turnaround
• SEC Appeals Ruling That SIPC Needn't Cover Stanford Victims
• Lehman Gets Developer's Counterclaims Nixed In $400M Row
• 4 Firms Feared Most By In-House Counsel
• Investors Can't Fight Finished Charter Prepack Plan: 2nd. Circ.
• Chevron Drops Objection To Dynegy Ch. 11 Plan After Changes
• Dewey Seeks More Time To File Ch. 11 Plan
• AMR Can't Justify Labor Deal Rejection, Pilots Union Says
• AMR, US Airways Confirm Deal Talks Under Way
• Credit Suisse Boots Champion Creditors' Suit Over $187M Deal
• Judge Says Investors Can Demand Ch. 11 Payments From Vitro
• 8th Circ. Backs Broad Reading Of Executory Contracts
• Evergreen Energy Gets OK For Sale Of Clean Coal Equipment
• St. Vincent's Resolves $7B In Claims So Far
• Peregrine Trustee Pushed To Explain Bid For GC Raise
• Syms Corp. Cleared To Reorganize As Real Estate Co.
• MF Global Trustees At Odds Over Claim Assignment Deal
• Case Study: In Re RLD
• Hawker Gets More Time For Ch. 11 Plan Amid Superior Talks
• Energy Investment Co. Cites $300M Debt In Ch. 11 Petition
• CHL Enters Ch. 11 To Restructure $360M Debt Load
• Dewey Urges Court To Greenlight $70M Clawback Deal
• Ex-Bergstein Atty Says $50M Malpractice Suit Is Time-Barred
• Bankruptcy No Sanctuary For Ponzi Schemer, SEC Says
• Solyndra's Ch. 11 Plan Lacks Info, US Trustee Says
• Suit Over $1B Boeing Partnership Is Legit, Aircraft Co. Says
• Patriot Coal Was Set Up To Fail, Union Leader Says
• Merrill Lynch Settles Charity's $33M Suit Over Madoff Losses
• Inner City Media Wants More Time To File Ch. 11 Plan
• American Airlines Booking Antitrust Suit Survives Challenge
• AMR Cites Creditor Support For Ch. 11 Plan Filing
• ResCap Hits Snag In Bid For $4M To $7M Incentive Plan
• Black Diamond Creditors Head To Trial Over Failed Turnaround
• Triad Can't Fight AHM Coverage In Bankruptcy Court
• Casino Developer Owes $100M In Guarantee Loans: NY Court
• K&L Gates Appeals Revival of $500M Malpractice Suit
• Feeder Funds, Hedge Firm Demand Access To Servers In Ch. 11
• Taylor Bean, Ocala Can Share Possible Deloitte Payout
• New Litigation Trustee Appointed For Extended Stay
• SEC Investigates ResCap For Possible Mortgage Fraud
• Patriot Coal Bucks Bids By Union, Trustee To Move Ch. 11 Case
• Tribune Creditors Lose Bid To Nix $1.5B Bond
• Jeweler's $6M Claim Barred By Licensing Deal, Filene's Says
• US Trustee Fights Confirmation Of Dynegy Ch. 11 Plan
• Banyon Trustee Sues Insurers To Cover $70M In Ponzi Losses
• Mammoth Lakes Settlement May Inspire More Ch. 9 Mediation
• Homeowners Seek Committee In ResCap Ch. 11 Case
• Dunmore Owner Sanctioned In $20M Travelers Bond Row
• Broke MSR Conditionally OK'd To Nix Hilton Deals For $124M
• Syms Revises Ch. 11 Plan, Rebuffs Creditor Objections
• Patriot Shareholders Ask For Ch. 11 Equity Committee
• DOE Calls For More Disclosure On Solyndra Tax Breaks
• Dynegy Creditors OK Ch. 11 Plan As Potential Class Objects
• Recap: The 5th Circ.'s MXEnergy Ruling
• Daffy's Wins Final OK For $10M DIP Loan
• Howrey Trustee Wants To Question Ex-CFO On Firm's Demise
• US Trustee Protests Syms' Ch. 11 Plan Over CEO Protections
• Countrywide Fights To Keep MBS Class Action In Federal Court
• $5.3M Bonus Plan For Hawker Beechcraft Execs Nixed
• US Trustee Asks Judge To Tap Ch. 11 Trustee For Fletcher
• Kodak Wrongly Redacted Notebook, ITC Judge Finds
• Abrupt Pemco Layoffs Should Negate Ch. 11 Sale: Ex-Worker
• Dynegy Ch. 11 Judge Won't Appoint Equity Committee
• Judge Drops RG Steel Affiliate From Air Pollution Suit
• NY Real Estate Co. With $108M Debt Files For Ch. 11
• Getty Petroleum Ch. 11 Liquidation Plan Confirmed
• What's Making Attorneys Flee Their Firms?
• Case Study: In Re Magna Entertainment
• Kodak To Shift Focus On Commercial Printing Business
• Stockton, Creditors Given Mammoth Lakes Judge As Mediator
• TerreStar Disclosure Statement, Elektrobit Deal Get Nod
• Broadview Granted 1st-Day Motions, $25M DIP Loan
• 'Pink Slime' Co. AFA Finds $2.2M Stalking Horse For Final Plant
• RG Steel's $7M Asset Sale OK'd, But Larger Deal On Hold
• Barclays Asks Judge To Toss $143M Bank Transfer Fee Suit
• NJ Laws Apply In Claims Against Insurers In Liquidation: Court
• $152M Freed For Lehman Creditors In 2 Deals
• FlashPoint To Appeal Kodak Win On Rights To 5 Patents
• Bankruptcy PLR With NOL Preservation Result
• Seagate Bids $90M For Solyndra Factory And Headquarters
• Trib Creditors Must Hand Over $1.5B Bond To Stay Ch. 11 Plan
• Internet Provider Broadview Networks Files For Ch. 11
• Imperial Says FDIC's $17M Claim Comes 'Far Too Late'
• AA Pilots Union Prepares For Strike Vote
• Calif.'s Mammoth Lakes Exits Suit That Sent It Into Ch. 9
• 3 Scandals — 3 Key Dodd-Frank Developments
• Creditors Say Syms Ch. 11 Plan Snuffs Their Interest Rights
• Fletcher International Wants Ch. 11 Trustee Appointed
• Dewey Says $40M Collected From Clients Since Ch. 11
• $2.4B Payout To Madoff Victims Wins Court Approval
• Trident Investors Can Examine Ex-Director, Judge Says
• Bergstein Wins $49.5M From Atty For Forced Bankruptcies
• Beyond Oblivion's Liquidation Plan Gets Nod From Court
• PMI Sues Ariz. Regulator To Shield $1.3B In Tax Assets
• Wells, Prudential Caused Bankruptcy Over $150M Loan: Suit
• Drug Cos. Cut Loose From Darvocet, Darvon MDL Suits
• SIPC Recommends $60M In Fees For Madoff Trustee
• Houghton Mifflin: Practically Proper Improper Venue
• Foley & Lardner Gets Green Light For Peregrine Liquidation
• Willkie Farr Fires Back In $100M Extended Stay Penalty Suit
• Vertrue Gets OK For $39M Neverblue Sale To GWM
• Howrey Bankruptcy Will Rely On Contingency Fees, Ex-Partners
• Insurers Settle With LSP Energy For $7M Over Turbine Failure
• Hostess Makes Final Offer, With Wage Cuts, To Teamsters
• Case Study: In Re Maharaj
• Syms' Ch. 11 Plan Harms Creditor Setoff Rights, IRS Says
• Kodak Again Attacks Apple's Claim To 8 Patents
• MSR Inks $1.5B Stalking Horse Deal With Singapore Fund
• Peregrine CEO Pleads Not Guilty In Fraud Case
• Oil & Gas Developer ATP Heads To Ch. 11
• Dewey's $90M Clawback Deal Serves As Bankruptcy Blueprint
• Despite $1.6B Missing, DOJ Doesn't See Crime In MF Global
• AMR Takes Another Stab At Rejecting Pilots' Contracts
• Committee Floats Bankruptcy Rule Changes In Light Of Stern
• Tribune Rips Creditors' Bid To Delay Ch. 11 Plan
• Calif. Cities At Greater Risk Of Bankruptcy, Report Warns
• Dynegy Asks To Start Sale Of Power Plants In Ch. 11 Case
• Ex-Dewey Partners Commit $70M To Clawback Deal
• There's No Accounting For MF Global
• Getty Petroleum Gets Go-Ahead To Abandon Storage Tanks
• MSR Judge Pegs Hilton Damages At $124M
• Arcapita Gets Green Light For Warehouse Asset IPO
• Financier's Ex-Atty Says Aramid Work Soured Relationship
• Trader Says MF Global Misused $42M Collateral Account
• Bankrupt Ala. County Group Must Rework $1.6B Sewer Claim
• Validating A Holder's Right To Elect Ch. 7 Trustee
• American Airlines Beats Antitrust Claims In Booking Fight
• San Bernardino Firefighters Seek More Time For Ch. 9 Objection
• Open Range Trustee Targets Feds Over $267M Stimulus Loan
• Dewey Partners Scramble Over $50M Bar For Clawback Deal
• Citi Wants $130M Claim Cut From Madoff Ponzi Clawback Suit
• ResCap Examiner Wins Subpoena Power In Prebankruptcy Probe
• Bankruptcy Court To Gauge Indemnity Owed Cantor Fitzgerald
• LSP Energy Takes In $286M From Auction Of Miss. Plant
• Delta Petroleum Gets Ch. 11 Plan OK'd, New Suitors
• RG Steel Gets Go-Ahead To Sell Md. Mill For $72.5M
• AMR Loses Bid To Reject Pilots' Labor Agreement
• Financier Bergstein Lost $269M Due To Ex-Atty, Witness Says
• GOP Accuses DOE Of Deception On Renewable Energy
• MF Global Trustee To Cooperate In MDL Against Corzine
• Dewey Gets 6-Week Cash Extension To Aid Ex-Partner Deal
• Kodak Seeks OK To Redo Supply Deals With Movie Studios
• Perusing The Philly News Appeal
• Macy's Moves To Block Syms' Sale Of Filene's IP
• Quigley Ch. 11 Plan Heads To Vote Despite Protests
• Provident Royalties, Creditor End $37M In Bankruptcy Disputes
• Borders Gift Card Recovery Suit Quashed
• BofA Exits Appeal After Dumping Bankrupt Ala. County's Bonds
• US Officials Probe Jensen Farms Over Listeria Outbreak
• Inner City Media Parent Sues Over Taking Of $1M In Artwork
• Quigley, Pfizer Answer Disclosure Statement Objections
• Deadline For Updated $90M Dewey Clawback Deal Extended
• Ex-Bergstein Atty Said She Would Destroy Docs, Jury Hears
• Probe Of Prebankruptcy LightSquared Loan Extended
• Ethanol Maker's Trustee Wants Case Converted To Ch. 7
• NewPage Submits Ch. 11 Plan With Creditor Settlement
• American Airlines Can't Bar Vote, Union Tells 5th Circ.
• Bankrupt Sino-Forest To Give Assets To Creditors
• Delta Petroleum Lobbies For Ch. 11 Plan Despite Opposition
• Kodak Patent Sale Results Delayed As Auction Runs Long
• Ex-Bergstein Atty Admits Targeting Companies For Bankruptcy
• Peregrine CEO Indicted Over Lies To CFTC
• Procedures For Sharper Image's Ch. 11 Exit Get Green Light
• Bankrupt Aussie Outfit Octaviar Seeks Ch. 15
• Insurer, Ex-Enron Chairman's Widow Settle Annuity Dispute
• Bankrupt Vitro Makes Case For Nondebtor Releases
• Investor Group Fights Micron's $2.5B Bid For Bankrupt Elpida
• Deloitte Escapes $300M Malpractice Suit
• Milbank Adds Mayer Brown M&A Finance Partner In London
• 5th Circ. Upholds Precedent On Bankruptcy Fee Awards
• Solyndra To Pay $3.5M To Settle WARN Act Claims
• Ga. Medicaid Program Must Buy Brand-Name Makena: Judge
• RG Steel Rakes In $72M For Baltimore Mill
• Calif. Judge OKs Deal Lifting Stay On Radar Fraud Suit
• Bad Press Hurt Financier In $660M Miramax Sale, Jury Hears
• Madoff Victims Appeal For Right To Sue Picower Estate
• Judge OKs $175M MF Global Inc., CME Settlement
• Manager Bonuses Are Beneficial In Bankruptcies, Study Says
• WL Ross Drops $110M For Majority Stake In Gas Shipping Co.
• RG Steel, Lafarge Face Class Action Over Air Pollution
• The Summer California Went Bankrupt
• US Trustee Rips Pfizer Unit Quigley's Newest Ch. 11 Plan
• Capitol Bancorp Files For Ch. 11 To Avoid FDIC Seizures
• Financier Accuses Ex-Atty Of $269M Double Cross At Trial
• Judge Lets BofA Seek $1.75B In Taylor Bean Losses
• 7th Circ. Backs BNY Mellon In $312M Sentinel Claim Fight
• Rhode Island Gets OK To Liquidate 38 Studios' Collateral
• Bond Insurers Say Stockton Is Favoring CalPERS In Ch. 9
• Falcone Blasts Investigation Into Lightsquared Creditors
• Tronox Healthy At Time Of IPO, Kerr-McGee Witness Says
• CFTC Member Floats Insurance Fund For Futures Co. Failures
• AA Pilots Union Head Quits After Contract Rejected
• Dewey Sweetens $90.4M Retiree Settlement Pitch
• Section 1146(b) Is No 'Blue Light Special' For Debtors
• K-V Pharma Wins Access To $31M In Cash Collateral
• Inner City Media Lenders Balk At Akin Gump's Fee Request
• Anadarko Says Settlement Unlikely In Tronox Enviro Suit
• American Airlines Pilots Ground Tentative Labor Deal
• National Union Bests Empire Land Execs' D&O Suit
• Judge Wants More Info Before Ruling On ResCap Bonuses
• RG Steel Gets Court Approval For $22M Asset Sale
• Corzine To Face Employee's Stock Suit In Federal Court
• K-V Bankruptcy May Hurt FDA's Unapproved Drug Initiative
• Empire Land CEO Fights O'Melveny's $1.5M Deal With Trustee
• AMR-US Airways Merger Troubling, Advocacy Groups Say
• MSR, Hilton Seek Clarity On Damages For Nixed Contracts
• Peregrine CEO's Receiver Can Surrender Life Insurance, Plane
• No Ruling Yet On $175M MF Global Inc., CME Settlement
• How Valuable Is 'New Value' In Preference Litigation?
• NM Hospital's Ch. 11 Plan Gets Clean Bill Of Health
• FAA Seeks Up To $163M In Safety Penalties Against AMR
• Thelen Trustee Strikes Latest Clawback Deal With Ex-Partner
• Verizon Can't Shake Fraudulent Transfer Claims Over Spinoff
• Kerr-McGee Expert Says Tronox Was Solvent At Spinoff
• AMR, Banks Reach $28M Deal Over Tulsa Bond Payments
• Butzel Ramps Up NY Bankruptcy Group With Mayer Brown Atty
• Peregrine Trustee OK'd To Subpoena JPMorgan, Others
• Denying Disclosure Statements For An Unconfirmable Plan
• BofA Exits Fountainebleu Lender Liability Suit In 11th Circ.
• Bankruptcy Judge Grants K-V Pharma Most 1st-Day Motions
• ConocoPhillips Fights $205M MF Global Clawback Bid
• JPMorgan Protests Peregrine Trustee's Subpoena Bid
• BG Group Asks Justices To Review $185M Award Reversal
• Tribune Can Pursue $300M BofA, Merrill Credit Facility
• BNY Appeals Fight Over $8M Claim In Hospital Bankruptcy
• Colonial Seeks OK For $15M Loan To Fight FDIC Claims
• Deadline For $90M Dewey Clawback Deal Extended
• Pemco Lender To Buy Assets After $50M Singapore Deal Jams
• Ex-ReoStar Execs Can't Shake Suit Over $11M Debt Sale
• K-V Files For Ch. 11 As $45M Hologic Bill Comes Due
• Ex-Pemco Employees Lodge WARN Suit Over Mass Layoffs
• $3B Suit Says GM Forced Saab From China, Into Bankruptcy
• Wives Of Madoff Sons Fight 'Insider' Label In $58M Suit
• Kodak Can Extend Incentive Plan To 12 Execs Denied Earlier
• Global Aviation Holdings: The KERP Is Back
• Kerr-McGee, E&Y Paying $37M To End Tronox Securities MDL
• LSP Energy Auction Reopened After Stalking Horse Scuttled
• PE Firm Wayzata Takes Majority Stake In Star Tribune
• Electricity Agreement A 'Forward Contract,' 5th Circ. Rules
• Foxwood Casino Owner Strikes Deal To Restructure $2B Debt
• Bankrupt RG Steel Sells Ohio Plant For $20M
• Judge Nixes Bid To Name DBSI Trustee In Racketeering Case
• Hearing Set For Daffy's Ch. 11 Plan Confirmation
• Avison Young Poached Grubb & Ellis Brokers, Suit Says
• Examining Velo Holdings' KEIP
• Big Question Mark Remains In MSR's Long-Awaited Plan
• IG Nixes LightSquared's Conflict Claims Over NASA Talks
• Patriot Coal To Get Final Access To $802M Loan
• NY Leases End At Eviction, Not At Warrant Issuance: 2nd Circ.
• $45M Shortfall Drives San Bernardino Into Bankruptcy
• JEMB Realty To Shell Out $43M For Daffy's Assets
• Imperiled Knight Capital Won't Find Savior In Bankruptcy
• ResCap Trustee Says $18M Employee Bonus Plan Is Unlawful
• GOP Report Slams White House Over $535M Solyndra Loan
• RG Steel Makes $10.5M In Asset Sale, Delays Mill Auction
• Identifying Defenses Arising From A Plaintiff's Bankruptcy
• Daffy's Files For Ch. 11 With Plan To Sell Store Leases
• Kodak Allowed To Sell 2 Patents Despite Apple's Protests
• Lavish Dewey Payouts May Turn Creditors Against $90M Deal
• Futures Insurance Seen As Band-Aid For Brokerage Failures
• Judge Won't Reconsider Division Of $300M Freedom Loan
• Dewey UK Unit's Administrators Recommend Liquidation
• $4B Debt May Drive Calif. Edison Unit Into Bankruptcy
• Embassy Suites Operators Check Into Ch. 11
• Insurer Rails Against Stockton's Request For $100M Writedown
• Peregrine Trustee Wants To Subpoena Bank Records
• Madoff Trustee Wants Merkin's $410M Deal With NY Blocked
• Arcapita, Gas Storage Co. To Mediate $120M Deal Dispute
• Judge Trims Suit Against Verizon Over Spinoff Transactions
• DOL Probes Peregrine's Retirement Plan After Collapse
• IBM Dodges Bankrupt Computer Reseller's Antitrust Suit
• Confirm Now, Transfer Later: A Solution To Venue Problem