Bankruptcy Archive » August, 2013

Bankruptcy - August, 2013

280 articles

• San Bernardino Bankruptcy OK Gives Troubled Cities Leverage
• Two Attorneys Charged In Link To Rothstein Ponzi Scheme
• NJ City-Owned Hotel Eyes Ch. 11
• Texas Justices Pan $1M Porter Hedges Malpractice Suit
• Thelen Trustee Fires 6 More Clawback Suits At Ex-Partners
• Bankrupt Auto Parts Maker Gets Green Light for $25M Deal
• Birdsall Ordered To Pay $1M In Pay-To-Play Case
• W.Va. Hospital To File For Ch. 11, Seeks Partner
• Airlines Open To Settle DOJ Merger Suit As Nov. Trial Looms
• ResCap Gets A Leg Up In Bondholder Interest Fight
• Longview Power Hits Ch. 11, Citing Problems At $2B Plant
• Dynegy Bankruptcy Judge OKs $3.5M Plant Sale To Helios
• Engine Import Consultant Reaches $3.6M Air Pollution Deal
• 7th Circ. Ruling Is Big Win For Internet Content Providers
• It Ain't Over Til It's Over: American Airlines-US Airways
• Bankrupt AgFeed To Hand Off US Units For $79.2M
• Howrey LLP Settles With McDermott Will & Emery, Ex-Partner
• ResCap Attacks Bondholders' Challenge To Discovery Rules
• Rotech's Ch. 11 Reorganization Gets Judge's Thumbs-Up
• Unsecured Creditors Want DesignLine Ch. 11 Out Of Del.
• Madoff Employees Seek To Block Victims' Testimony
• Lenders Say LightSquared Is Too Conflicted To Run Auction
• Brazil Fines Airlines $125M Over Cargo Cartel
• Giants Want To Grill Ex-LBHI Workers In $300M Stadium Row
• Dentons To Steer Detroit Retirees In Ch. 9
• AMR Judge Leaning Toward Ch. 11 Plan, But Won't Rule Yet
• San Bernardino Can Continue Under Ch. 9 Despite Outcry
• Bankrupt K-V To Pay $24M To Settle FCA Suit
• Agencies Slam Ch. 11 Disclosure For Specialty Products Plan
• AMR Customers Want Antitrust Suit Handled Outside Ch. 11
• 3rd Circ. Backs Ch. 15 Protections For Bankrupt Aussie Co.
• US Must Defend Delaying $2.9M Payments To ArmorWorks
• American Roads Gets OK For Prepack Bankruptcy Plan
• DOJ, Airlines Open To Settlement Over $11B Merger
• Bankrupt Electric Transit Bus Co. Seeks $3M Ch. 11 Loan
• Grant Thornton Settles With Funds Over Refco Collapse
• Moving A Ch. 11 Plan Through Confirmation
• Curt Schilling Can't Escape Suit Over Failed Video Game Co.
• K-V Pharma Judge Greenlights Reorganization Plan
• Bankrupt Insurer Must Face Clawback Suit, Pa. Court Says
• SD Beef Plant Should Be Liquidated, Trustee Says
• Law Firm Loses Appeal To Represent Client In Dismissed Suit
• 3rd Circ. Revives Property Rights Claims In SemCrude Ch. 11
• Bankrupt AgFeed Unit Goes To Company Trio In $79.2M Bid
• Discovery Battles Threaten To Derail Detroit's Ch. 9
• Reid Collins Opens Dallas Office With Diamond McCarthy Hires
• US Trustee Balks At Bonus Plan For Mall Security Co. IPC
• Bankruptcy Judge Shields German IT Firm's US Assets
• Penson, BDO Seidman Settle Margin Loan Suit For $6.5M
• Former Anglo Irish Bank Seeks US Bankruptcy Protection
• Detroit Ch. 9 Judge Won't Hear Key Argument From Retirees
• FDIC 'No Value' Ruling Blocks BofA's $1.7B Suit, Judge Says
• Types Of Assets That Can Be Sold In Bankruptcy
• 7th Circ. Revives Row Over BNY Mellon's $312M Sentinel Claim
• Law Group Didn't Red-Flag 1031 Buyer's Misdeeds, Jury Hears
• D&O Insurers Can Appeal WaMu Trust Suit Before Case Is Over
• Fla. Investor Says Law Firms Have No Dibs On Rothstein Fees
• Harrisburg Offers Financial Plan For Pa. Court Approval
• Wolf Rifkin Hires Bankruptcy, Real Estate Pro In Reno
• Madoff Trustee Inks $98M Deal With Feeder Fund
• Rotech Equity Holders Out Of The Money, Judge Says
• Thelen Trustee Hits 6 More Ex-Partners With Clawbacks
• OSG's Back Taxes Could Top $460M, Restatements Say
• Detroit, Syncora Sent Into Mediation Over Swaps Dispute
• Chief NY Judge Laments Bankers' Hours In Bankruptcy Court
• Norse Energy Gets Lackluster Bids For Drilling Rights
• Rainmaker Q&A: Bilzin Sumberg's Scott Baena
• Lost Opportunities: Why Cases Settle At The Wrong Time
• GE Unit May Have Aided Petters' Ponzi Scheme, Judge Finds
• ResCap Borrowers Take $1.6B Haircut In Mortgage Settlement
• Wells Fargo Settles $28M Swaps Suit Against Capmark
• Lehman Sues German Entities To Recover $134M Transfer
• Detroit Bankruptcy Court Rebukes Mediator Ethics Debate
• 7 Steps To Leverage Media Interest In Legal Situations
• MF Global Gets Ex-Workers' WARN Claims Thrown Out
• Challenge To AMR Merger Voids Ch. 11 Plan, Customers Say
• Sealing The Deal: Weil Saves Foxwoods With New Debt Tool
• Dechert Can't Avoid Suit Over Its Coudert Paris Takeover
• OSG Blasts Bank Lenders' Bid To Limit Ch. 11 Exclusivity
• The Fate Of Anti-Assignment Clauses After Bankruptcy
• Dewey Trust Targets Ex-Clients Over $6M In Unpaid Fees
• Bankrupt Revstone Unit Gets Nod On Chrysler, GM Pact
• AA, US Air Push For Nov. Trial Date As Opposition Mounts
• Detroit Bankruptcy Mediator's Past Sparks Ethics Debate
• After Deloitte Sale, Monitor Co. Remnants Convert To Ch. 7
• Bankrupt National Envelope Brings In $65M With 3-Way Sale
• ResCap Bankruptcy Judge Delays Mortgage Settlement Ruling
• 'Going Concern' Analysis Is Bankruptcy Crystal Ball: Study
• Atari Extends Control Over Ch. 11 Case For 30 Days
• Bankrupt Smelter Wins $10M DIP Package, Bill Relief
• 7th Circ. Stuffs Pippen's Defamation Suit Against NBC, CBS
• AgFeed Judge Wants More Info On CFO Bonus Pay
• Bankrupt Ethanol Co. Settles Pipeline Co.'s Sale Objections
• German IT Firm Enters Ch. 15 To Resolve US Assets
• 8th Circ. Keeps Peabody On The Hook For Retiree Benefits
• OnCure Can Seek Votes For Ch. 11 Plan, $125M Sale
• Excel Maritime Win Subpoena Of Creditors' Financial Docs
• Union Says Antitrust Suit Irrelevant To AMR, US Airways Plan
• Detroit Bankruptcy Mediators Include Judges, Local Leader
• Bankrupt Driller's Contractors Sue To Enforce $25M In Liens
• ResCap Judge Says He Will OK Disclosure Statement
• Inside The Bankruptcy Plan Voting Process
• Patriot Coal, Union Miners' Contract Gets Judge's Approval
• Bankrupt Orchard Gets OK For $205M Sale To Lowe's
• Kodak Secures Path Out Of Bankruptcy As Judge OKs Plan
• Synagro's Ch 11. Plan, $480M Buyout Gets Judge's Nod
• No Breakup Fee Coming If DOJ Blocks $11B Airline Deal
• Versace Mansion Staff Says Rothstein Claim Is Improper
• Medical Supplier Can Use Cash On Hand To Fund Ch. 11 Sale
• US Bank Balks At OSG Call For Ch. 11 Exclusivity Extension
• Specialty Products Loses Bid To Stay $1B Asbestos Ruling
• Personal Communications Devices Slides Into Ch. 11
• Jackson Hewitt Franchisee Stiffed Workers On OT, Suit Says
• Paul Hastings Freed From $50M Cerberus Malpractice Case
• Miami Casino Seeks Ch. 11 Shelter After $87M Default
• More Restrictions For ERISA Fiduciaries
• Holland & Knight Lands Litigation Pro In Miami
• Stora Enso To Pay $8M To End Paper Antitrust MDL
• Nortel Units Seek Delay Of Trial In $7.5B Cash Row
• Centaur Ch. 11 Trustee Can Pursue $11M Avoidance Action
• Detroit Unions Attack City's Bid For Bankruptcy Eligibility
• Miners Union Ratifies Labor Deal With Patriot Coal
• Revstone Rips Creditors' Ch. 11 Plan Over PBGC Claim
• US Bank Wants To Depose Ex-Peregrine CEO During Stay
• AA Union Chastizes Texas AG For Role In $11B Merger Suit
• ResCap's $597M FGIC Deal Scores NY State Judge's Blessing
• Medical Supplier Hits Ch. 11 Planning $22M Sale
• K-V Creditors Slam Senior Bondholders' Bid For Interest
• Pa. AG Takes Up Harrisburg Incinerator Investigation
• Knowledge Of Bankruptcy Cannot Be Imputed To Client
• Howrey Strikes $41M Deal With BakerHostetler
• Hill Wallack Accused Of Forcing Client Into Bad Settlement
• Kodak Wants Plan Approval After 'Strong' Creditor Vote
• US Trustee Rips AgFeed's Bid To Retain Foley & Lardner
• Judge Orders Detroit, Unions Into Mediation Talks
• AMR Judge Wants DOJ Suit Info Before OK'ing Ch. 11 Plan
• Freddie Mac Challenges $600M ResCap, FGIC Settlement
• Baker & McKenzie, Bifferato Released From Rotech Ch. 11
• NYC Gets Nod From State To Address Hospital Crisis
• More Muscle For Medicare In Health Care Bankruptcies
• Bankrupt Smelter Seeks Emergency OK For Extra $10M DIP
• Bankrupt Synagro Lowballed $4M Claim, Conn. City Says
• 11th Circ. Sends Bankrupt BankUnited's Tax Refund To FDIC
• Exide, EPA Settle Differences Over Planned Asset Sales
• US Bank Is Complicit In $215M Peregrine Fraud, CFTC Says
• Ex-Taylor English Atty Admits To Ripping Off Clients
• PNC Bank Challenges ResCap's $300M Mortgage Settlement
• American Airlines, DOJ Trade Blows at Confirmation Hearing
• Cayman Vs. BVI: Assistance In Cross-Border Insolvencies
• Former SemGroup Investors Fight Ex-CEO's Fast-Track Appeal
• Airlines Assemble Antitrust Guns In DOJ Merger Fight
• 3rd Circ. Backs $14.7M Award to Ex-Railroad Employees
• FDIC Asks 9th Circ. To Open Up IndyMac's $80M D&O Policies
• Bankrupt Highway Tech Gets Nod On Settlement, $3M DIP
• Wis. Archdiocese Creditors Ask Judge To Step Down
• Bayer Unit Challenges Kodak Ch. 11 Plan Over $250M Claim
• Calif. Court Nixes Appeal Of Trade Secret Claim Ruling
• The Cost, And Ethics, Of Doing (Legal) Business
• Rotech Says Equity Committee Doomed By Its Own Report
• Understanding The Ch. 11 Acceptance Process
• Airlines' Antitrust Lawyers: 'We're Litigating, Period'
• 'Real Housewives Of NJ' Stars Plead Not Guilty To Fraud
• Bankrupt Anchor BanCorp Fudged Financial Reports: SEC
• Mich. County Threatens To Ax $10M Support If Detroit Sells Art
• American West Hid Ties To Claims Agent, Trustee Says
• 6th Circ. Says Rejection Of Ch. 11 Plan Isn't Final Order
• 3 Takeaways From DOJ's Airline Merger Complaint
• EPA Balks At Bankrupt Exide's Proposal To Shed Assets
• DOJ Suit Throws American Airlines Bankruptcy Into Chaos
• Judge Appointed To Mediate In Detroit Bankruptcy
• Keehn Attys Must Face Malpractice Suit, Calif. Court Says
• Airline Merger Fight Set To Become Slugfest
• 3rd Circ. Defers To DOT On State Hazmat Suit Preemption
• Ex-Diagnostic Ventures Exec Ducks Fraud Claims
• Mall Security Co. IPC Gets Interim OK For $12M DIP Loan
• Anchor BanCorp Recapitalizes With $175M Stock Sale
• McBride & Collier Ducks Class Cert. Over Fees In Ch. 7
• Electric Car Charging Co. Ecotality Eyes Bankruptcy
• Birdsall Trustee Says Execs Must Pay For Co.'s Damage
• Inside The 2nd Circ.'s Broad Reading Of Section 546(e)
• Feds Again Get Nod For MBS Suit Against ResCap Affiliates
• American-US Airways Merger Hits Antitrust Turbulence
• Rotech Equity Holders Out To Ax $57M 'Make-Whole' Claim
• Jackson Hewitt Says Bankruptcy Precludes $7M Suit
• $33M Of Warhol, Rothko Works Go To Dreier Ponzi Victim
• Texas Counties Say Scooter Store Owes On Tax Liens
• Lowe's $205M Bid Reels In Bankrupt Hardware Co.
• Lehman Can't Avoid $17M Swap Deal Suit, Charity Says
• Defunct Metal Co. Wants $33M For Insurance Payout Delays
• Patriot Coal, Miners Union Ink Deal To Soften Benefit Cuts
• A Paradigm Shift Toward Technology In Ch. 11
• Mall Security Firm IPC Plans Strategic Sale In Ch. 11
• Highway Tech Creditors Refute Trustee's Settlement Qualms
• School Specialty Creditors Out to Nix 'Make-Whole' Interest
• Dewey Trustee Sues BofA, Shook Hardy, MetLife
• Bankrupt Trinity Coal Delays Auction Of Mine Operations
• ICP Hedge Fund Bankruptcies To Center In Cayman Islands
• Harbinger Sues Deere, GPS Makers For $2B Over LightSquared
• Bankruptcy Court OKs $28M 'Girls Gone Wild' Deal With Wynn
• Barclays Hit With Another Suit Over Dewey Capital Loans
• Ricoh Breached Kodak IP In Alliance Gone Awry, Judge Says
• Ex-IndyMac CEO Asks 9th Circ. To Reverse $80M Ruling
• Fashion Co. Connaught Resolves WARN Class Action
• Paralegal Sues Bankruptcy Firm Over Wrongful Termination
• Ohio Objects To Kodak's Proposed Enviro Deal With NY
• The Curious Case Of Allied Systems Holdings
• 3rd Circ. Grants $10M Account To Wachovia In Bankruptcy Deal
• UBS Strikes $120M Deal In Lehman Investor MDL
• Rotech Equity Holders Slam Ch. 11 Plan
• Mich. County Calls Off $60M Bond Sale With Detroit In Ch. 9
• Credit Agricole Loses Bid To Move $34M Lehman Swap Suit
• AMR's Unsecured Creditors Urge Judge To OK Ch. 11 Plan
• Borrower Class Says $57M ResCap Set-Aside Isn't Enough
• Bankrupt Mont. Power Co-Op Won't Convert To Ch. 7
• Patriot Coal, DIP Lenders Agree On Revised Deal
• 7th Circ. Tosses BofA Suit Over $34M Bankruptcy Loss
• Bankrupt Ala. County Takes Step Toward Exit Plan Approval
• Ambulance Co. Rural/Metro Seeks OK For Restructuring Deal
• Canadian Railway Co. Enters Bankruptcy After Deadly Crash
• Madoff Trustee Urges 2nd Circ. To Block $410M Deal
• Lien In: Why You Can't Ignore Secured Creditors' Silence
• Former Hostess Co. Sues Utah Bakery Over Bad Bread
• What To Know About Drafting Ch. 11 Disclosure Statements
• San Bernardino, City Union Reach Deal Over Bankruptcy Plan
• Kodak Extends New Enviro Cleanup Proposal To NY
• Timeline Stretched For Revstone Unit's Ch. 11 Sale
• Melamine-Tainted Milk Leads To Ch. 7 For Fla. Importer
• Atari Asks To Keep Control Of Ch. 11 Case For Extra 60 Days
• AMR, US Airways Customers Seek To Block $11B Merger
• Helicopter Co. Says ATP Owes $4.3M For Offshore Transports
• 2nd Circ.'s Take On LBOs Of Privately Held Securities
• Lengthy Ch. 11s Fizzle As Out-Of-Court Debt Solutions Rise
• Ambulance Co. Rural/Metro's $75M DIP Loan Gets Interim OK
• Cobalis Suit Over Hedge Fund Scheme Tossed In NJ
• Citi, Merrill Helped Cause Tribune's Fall, Trustee Says
• Pilots' Union Demands Biz Plan For AMR's American Eagle
• Shook Hardy Must Hand Over Atty Evals In Shapiro Ponzi Suit
• Bankrupt Orchard Supply Gets OK For $3M Exec Bonus Plan
• $4B Suit Accuses Dish Of Scheming To Infiltrate LightSquared
• Wilson Elser Adds RE, Bankruptcy Pro In West Palm Beach
• SEC Probes Overseas Shipholding Group's 'Tax Issue'
• The New Frontier Of Substantive Consolidation
• US Bank Says It Never Aided $215M Peregrine Fraud
• Audits Blast Bankrupt Calif. City's Financial Management
• NJ Firm Hit With Malpractice Suit Over Doc's Bankruptcy
• Mercantile Bancorp's $22M Stalking Horse Sale Earns OK
• US Trustee Slams Global Settlement In Highway Tech Ch. 11
• CalPERS Pushes Court To Kill San Bernardino Bankruptcy
• Creditors Look To Nix Excel Maritime's Control In Ch. 11
• Bankrupt Capitol Bancorp Faults FDIC For Bank Seizures
• KIT Digital Gets Approval For PE-Backed Ch. 11 Plan
• Accountant Must Yield Tax Docs In Taylor Bean FCA Case
• Ambulance Co. Rural/Metro Files For Ch. 11 Lifeline
• EU OKs $11B American-US Airways Merger With Conditions
• CORRECTED: Accountant Cops Plea In Mafia Takeover Of Texas Lender
• FGIC Fires Back At Freddie Mac Over ResCap Bankruptcy Deal
• US Trustee Balks At AMR's $20M CEO Payment
• Bankrupt NY Hospital Group Gets Nod For $54M Sale
• US Trustee Slams Metavation's Plans For Quick Ch. 11 Sale
• Dodd-Frank Foes Could Devise Strategy From Failed Suit
• Detroit Retiree Committee Gets Judge's Green Light
• Barclays Exploits Funds' Bankruptcy For $17M, Suit Says
• Troubled Avantair Appointed Ch. 7 Trustee
• Refco Judge Won't Revive Abetting Claims Against PwC
• RG Steel To Settle With EPA For $20M In Allowed Claims
• $29B Anglo Irish Loan Book Shopped Around By Liquidators
• KIT Digital Sues Content Solutions Owner Over $19M Deal
• States' Challenge To Dodd-Frank Measures Gets Scrapped
• Bankrupt Chain Slams Trustee Opposition To $3M Bonus Plan
• 1st Circ. Urged Not To Reinstate Developer's Ch. 11 Plan
• AMR Gets Creditors' Support For Reorganization
• Verizon Says Defunct Rival Can't Prove Antitrust Claims
• AgFeed Gets Nod For Ch. 11 Auction With $79M Stalking Horse
• Tousa's Ch. 11 Liquidation Plan Confirmed By Fla. Judge
• Revstone Creditors Balk At Pachulski Stang Fee Allocations
• ResCap Settles Suit Over Mortgages With $300M Claim
• Deals Rumor Mill: TPG, Sharp, KKR
• Edison Mission Creditors Looking To Sue Parent Co.
• US Trustee Looks To Shave Attys' Fees In Ambac Ch. 11
• Rainmaker Q&A: McKenna Long's Thomas Lemmer