Bankruptcy Archive » August, 2014

Bankruptcy - August, 2014

295 articles

• Madoff Trustee Seeks Repleadings In Bankruptcy Suits
• 9th Circ. Says Debtor Can Recoup Atty Fees From Stay Appeal
• What To Watch For At Detroit's Ch. 9 Trial
• Ernst & Young, Revel Settle Prepetition Fee Complication
• Dewey Brass Say DA Can't Show Intent To Rip Off Lenders
• Couple Can't Count Investment Loss As Theft, Tax Court Says
• ICMA Revises Sovereign Bonds To Avoid Another Argentina
• Detroit Judge Slams Syncora's 'Personal Attack' On Mediators
• Pa. Wants Out of Foxwood Developer's $50M Adversary Suit
• Not Every 363 Sale Is Bulletproof
• 5 Reasons Large Companies Are Turning To Boutique Firms
• Ampal-American Trustee Demands $39M From Ex-Brass
• Trusts Want Picard's $10M Clawback Suit Tossed
• Madoff Investors Sue Picower Estate For $11B In Ponzi Losses
• Momentive Noteholders Press For Cash-Out After Trial Loss
• 3rd Circ. Says UAW Can't Recoup Visteon Retiree Benefits
• LightSquared Nails Down $121M In DIP Financing
• NY State Withdraws $1.9M Claim From Cengage Ch. 11
• Brazilian Utility Noteholders Stuck With Bleak Reorg Plan
• TD Bank Challenges $7M Settlement With Rothstein Investor
• Hedge Funds Can't Escape Octaviar Suit Over Conveyance
• EFH Says Proposal For Ch. 11 Auction Process Coming Soon
• Saab Owner Loses Bid For Reorganization 2 Years After Buy
• BofA's Japanese Brokerage Must Pay $140M To Takefuji
• Dealmakers Q&A: Bilzin Sumberg's Jay Sakalo
• Noteworthy Changes To The Uniform Fraudulent Transfer Act
• Bankrupt Mineral Park OK'd To Tap Cash While Seeking Sale
• Education Management Restructures To Dump $1.1B In Debt
• Bid To Sell NYC Rent-Stabilized Lease In Ch. 7 Raises Alarm
• PwC Stuck With $1B MF Global Euro Debt Malpractice Suit
• Argentina Presses For End-Run Payments To All Creditors
• 9th Circ. Revives $482M Mining, Railroad Cleanup Suit
• Event Rentals Wins Approval of Ch. 11 Liquidation Plan
• Atty Can't Discharge Stolen Client Funds In Bankruptcy
• Dewey Trustee Seeks $84K in Two Clawback Suits
• 2nd Circ. Says No Bias In Fuel Cell Fraudster's Trial
• Bottle Maker's Creditors Eyeing Dechert's Role In Ch. 11
• Le-Nature's Trustee Cuts Another Deal Over Negligence Claims
• Banks Say They're Entitled To Debtor's Tax Interest
• ATP Trustee Sues Insurer For Deepwater Horizon Defense
• Even A Tax Authority May Sometimes Have To Pay
• Momentive Creditors Can't Thwart Turnaround Plan
• Detroit, Creditors Head To Mediation As Pressure Mounts
• Cole Schotz Gets Bigger In Texas With New Dallas Office
• LightSquared Seeks $121M In DIP Financing
• Bankrupt Phoenix Payment Gets OK For Sept. Auction
• 10th Circ. Says Ch. 11 Can't Ax Ex-Cable CEO's $14M Tax Bill
• Crumbs Sale To Joint Venture Wins Court Approval
• Argentina Banishes BNY As Hedge Funds Sue Bank In UK
• Ex-Mahalo Energy Attys Denied Sanctions Against Trustee
• UBS Denied Remand Of ResCap's $685M RMBS Suit
• Doral Settlement Falls Apart In $229M Puerto Rico Tax Row
• Mining Co. Mineral Park Hits Ch. 11 Seeking Sale
• How J. Howard Marshall Influenced Bankruptcy Reform
• Detroit Wins Approval For $1.5B Utility Bond Refinancing
• Florida-based Education Training Corp. Hits Ch. 11
• Seyfarth Shaw Dodges Some Claims Over Law360 Comments
• Argentina's New Debt Plan Looks Like A Long Shot
• Momentive Plan Ruling Delayed After Creditor About-Face
• 'One Life To Live' Producer Can Sell Apple $6M In Tax Credits
• Bankrupt STAR Dynamics Lands $5M Bidder In Ch. 11
• Insurer Stiffed Lukoil On $5M D&O Policy, Suit Says
• Windsor Petroleum Plans $187M Debt-For-Equity Deal In Ch. 11
• Lehman RMBS Trustees Want Another $7.1B Set Aside
• GM Motorists' Odds Hinge On Strength Of Due Process Claims
• Longview Insurer Wants $300M Fight Out Of Bankruptcy
• Beirne Maynard Sued For Malpractice Over Developer's Ch. 11
• Garlock Parent Wants Outside Check On Ch. 11 Attys' Fees
• Davis Polk Banking Counsel Jumps To Shearman & Sterling
• Jewel And Its Recent Progeny — What To Do Now
• Ex-Phoenix Payment CEO Balks At $4M Fee For Ch. 11 Sale
• GM Customers Say Bankruptcy Can't Stop Ignition-Switch Suit
• High Court Urged To Review Food Coloring Row
• AgFeed Reaches Deal With Foley & Lardner
• Argentina Renews Bid To Undo $185M Arbitration At High Court
• 6th Circ. Says Restitution Order Trumps Bankruptcy Stay
• EFH Committee Tasked With Keeping Fees Under Control
• Tactical Gets OK For Up To $15M Sale Of Military Apparel Line
• Ex-Heller Client Says $20M Claim Revived By New Docs
• Liberty Med Creditors Want Execs' FCA-Defense Claims Nixed
• Fight Over $825M Longview Insurance Policy Gets 2nd Look
• Detroit's $1.5B Utility Bond Refinancing Succeeds
• IRS Misapplied Rules In $26M WorldCom Suit, High Court Told
• Madoff Judge Denies Benefit Plan Investors' SIPA Claims
• Argentina Blasts Bond Judge's Remarks As Imperialist
• Solvency Drives Dismissal Of Fraudulent Transfer Suit
• Detroit Floats Utilities Spinoff As $5B Refi Hangs In Balance
• Bankrupt James River Coal Lands $52M Mine Deal
• Fla. Rep. Nabs $704M In Damages Over Derivium Stock Scheme
• NJ's Revel Casino Gets Green Light For $275M DIP Loan
• PE-Backed Restaurant Manager Snaps Up Hot Dog On A Stick
• 8th Circ. Says Grain Tax Fraudster Deserved Longer Sentence
• Bankrupt Tactical Scores New Buyer For Military Apparel Arm
• Capmark, Ex-CEO Ink Secret Pact In $17M Compensation Suit
• Judge Calls Argentina Debt Proposal Illegal, Balks At Contempt
• Ex-DBSI President Gets 20 Years For Ponzi-Like Fraud
• MF Global Brass Scores $15M 'Stopgap' In D&O Battle
• US Defends $150B Forfeiture Claim Against Madoff Aides
• How To Control Risk And Cost Of E-Discovery
• Canadian Court Nixes Added Interest On $4B Nortel Bonds
• GM Should Face Wrongful-Conviction Claims, Trustee Says
• Lehman Scuttles Claims From Energy Unit Shareholders
• Allens Creditor Seeks Sanctions Against Freeborn Atty
• Lehman Trustee Wants 2nd Circ. Rehearing Over $4B Assets
• India's Sesa Sterlite Takes $83M Hit Over Failed Asarco Deal
• Revel Casino Hotel Folds For The Second Time
• GM Bankruptcy Stay Doesn't Halt Remand Bid, Calif. Says
• Ex-CEO Says Phoenix Should Think Reorg Instead Of Sale
• Canadian Steelmaker Algoma Wins Ch. 15 Recognition
• Barclays Capital And Thornburg Trustee Settle For $23M
• Crumbs Skips Auction As Stalking Horse Goes Unchallenged
• Argentina Plans To Skirt US Courts, Pay Bonds Locally
• Free And Clear Of Successor Liability Claims
• National Enquirer Publisher To Convert $121M Debt To Equity
• Detroit Slams Syncora For Ch. 9 Grand Bargain 'Falsehoods'
• American Realty Accused Of Dodging $63M Award
• EFH Judge Splits Trial Over Bondholders' Make-Whole Suit
• Korean Shipbuilder Daehan Seeks Ch. 15 Protection
• UK Lehman Bankers Will Get Pensions In $306M Settlement
• Anna Nicole Smith Estate Loses Bid For $44M In Sanctions
• PE Firm Can't Shake WARN Claims From Cuts At Bankrupt Unit
• Plant Insulation Co. Beats Insurers' Appeal Of Reorg Plan
• MF Global Execs Press Case For D&O Policy Proceeds
• EME Wants Chicago Bears' Suite License Claim Sacked
• Picard Powerless To Block Independent Madoff Settlements
• Ford, Honeywell Say Sealed Garlock Docs Allege Atty Fraud
• Goldman, Deutsche Escape $2.1B Guaranty Bank MBS Suit
• Skadden's $4M Fee Award In Radnor Bankruptcy Upheld
• NY DA Wants Securities Suit Against Ex-Dewey Exec Stayed
• DOD Knocks Tactical's Planned $13M Bankruptcy Sale
• Detroit Ch. 9 Plan Will Boost Economy, Tax Expert Says
• 11th Circ. Reverses Bankruptcy Sale, Suggests Sanctions
• Hedge Funds Sue Lehman Over Swaps Interest Claims
• String Of Defeats Puts Madoff Trustee On The Ropes
• GM Judge Axes 'Piecemeal' Method In Bankruptcy-Shield Row
• Ravel Hotel Can't Jump-Start TM Suit Against Bankrupt Revel
• Dewey's $4.5M Worker Layoff Settlement Wins Final OK
• Ch. 7 Trustee Sues ATP Oil Execs Over Reckless Spending
• Gray Plant Beats Bankrupt Food Co.'s Fraud Suit In 7th Circ.
• No Acquittal For Ex-DBSI Executives In Ponzi Scheme Suit
• Seyfarth Aims To Toss Suit Over Disclosure In Law360 Article
• Punch Taverns Strikes $3.8B Restructuring Deal
• Genco Valuation Leaves Equity Interests Under Water
• MF Global Can't Escape Ex-Workers' WARN Complaint
• DA Returns Ex-Dewey Leaders' Volleys Over Firm's Failure
• Lowenstein Wins NJ Clients Access To Bankruptcy Counsel
• Pipe Maker PSL NA Gets Nod For $104M Sale
• Ft. Lauderdale Boutique Hotel Goes For $24M In Liquidation
• Committee Urges Claimants To Reject Garlock Ch. 11 Plan
• Lehman Unsecured Creditors To Get $4.6B Payout
• Fed, FDIC Provide 'Living Will' Guidance To Smaller Banks
• Exide Faces Criminal Probe Over Calif. Plant Pollution
• High Court's Sleight Of Hand In Bankruptcy Jurisdiction
• An In-House Lawyer's Top 10 Tips For Outside Counsel
• Ex-Dewey Partner Seeks Jury Trial For $1M Fight With Trustee
• US Says Ex-DBSI Boss Should Spend Rest Of Life In Prison
• Buccaneer Energy To Pay $12M To Settle Credit Bid Row
• Rothstein Trustee Seeks To Nix Effort To Divulge Victim Info
• NML Atty Says $3B Hunt May Unearth Argentine Corruption
• FGIC Wants Damages In Detroit's Bid To Undo $1.5B Debt
• Dechert Fires Back In Coudert Discovery Dispute
• Diamond McCarthy Overbilled Dreier Estate, Ex-Partner Says
• ISDA Sets Date For Argentina Credit Default Swap Auction
• Consider Hearsay Issues Before A Rule 30(b)(6) Deposition
• Problem With Multiple Accounts In Ponzi Clawback Actions
• Labaton Replaced By Former Partners' Firm In MF Global Suit
• Detroit To Amend Bankruptcy Plan, Delays Ch. 9 Trial
• Ex-Getty Owners Reach Impasse In Trustee's $6.5M Suit
• Aurelius Pans Settlement Chances In Argentina Debt Crisis
• 2nd Circ. Axes $3.8M Tax Refund In PT-1 Trustee Case
• Pipe Maker PSL Left With $104M Bid After Canceled Auction
• Bankrupt News-Journal Must Pay Pension Before Shareholder
• Atlantic City's Bankrupt Revel Hotel Still In Auction Talks
• Verizon To Pay $95M To Settle FairPoint Acquisition Row
• Longview Judge Rules $825M Policy Fight Not Core To Ch. 11
• Coudert Admin Seeks Specifics On Dechert's Billables
• Ex-Dewey Partners Assail Trustee's Clawback Suits
• Littler Signs Ex-Haynes And Boone Employment Ace
• Trustee's Revamped Claims Against Madoff Sons Challenged
• Energy Future Judge OKs Investigation By Junior Creditors
• NML Can Seek Info On Argentine Assets In Nev., Judge Says
• Saab Owner's Supplier Withdraws Forced Bankruptcy Petition
• Law Firms May Be Violating Copyrights
• A 'Commercial Reality' Check In Lehman-Barclays Dispute
• Court Slashes Madoff Trustee's $564M Suit Against Merkin
• Coda Estate Hits Ex-JV Partner With $14M Clawback Suit
• Syncora Rips Judge At Center Of Detroit 'Grand Bargain'
• Ex-Lehman Workers Can't Arbitrate $300M Worth Of Claims
• Morrison Info. Shareholder Suit Over Embezzlement Revived
• Creditors End Fight To Stop Howrey $4M Clawback Deal
• Saab Owner Hit With Forced Bankruptcy Petition In Sweden
• Deutsche Bank CEO Hit With Fraud Charges Over Kirch Case
• Caesars Reaches Deal To Refinance $155M In Debt
• Atlantic City's Bankrupt Revel Casino To Close Sept. 10
• Exide Execs Can't Escape Investor Suit Over Enviro Issues
• Puerto Rico's New Law Faces Bankruptcy Code Battle
• A Close Look At NY's New Privilege Log Rule
• Dechert Says Coudert Administrator Is Altering Discovery Map
• Haynes And Boone Can't Hit Howrey With Declaratory Suit
• Harbinger Challenges LightSquared Ch. 11 Plan With Its Own
• 3rd Circ. Partially Revives Syntax's Preferred Bank Suit
• EFH Extends Bar Date For Asbestos Claims
• 'One Life To Live' Production Co. Opts For Liquidation
• BofA Takes $271M Fontainebleau Note Dispute To Fed. Court
• Courtroom Challenge: Preparing For A First Trial
• Argentina Appeals To White House In Sovereign Debt Crisis
• Lewis Brisbois Adds Commercial Litigation Pro To SF Office
• Kid Brands Wants Employee Bonuses For Bankruptcy Sale
• Indicted Dewey Brass Win Access To Firm's Books
• A 3rd Circ. Opinion On Third-Party Releases
• Judge Warms To Discovery In GM Ignition Switch MDL
• Conex Ch. 7 Trustee's Claims Against Ex-Brass Tossed
• Nortel Canadian Arm Granted Time To Fight $1B Interest Deal
• Madoff Trustee Can't Derail $410M Merkin Deal At 2nd Circ.
• Argentina Threatened With Contempt In Debt Dispute
• Milbank Reaps $14M In LightSquared Bankruptcy Fees
• Fox Rothschild To Return Money, Continue As Revel Counsel
• Union Pacific Beats Asarco In $214M 8th Circ. Cleanup Row
• BES Credit Protection Pacts Migrate To New Bank, ISDA Says
• 5th Circ. Renews Yellow Pages ERISA Suit, Citing Fifth Third
• EFH Blasts Bid For 2nd Unsecured Creditors Committee
• Rare Window Onto Artwork Valuation Issues In Insolvency
• Compliance Reigns Supreme As In-House Demographics Shift
• CSX Blasts Pipe Maker's Terms In Planned $104M Ch. 11 Sale
• Weil Gotshal Hires Kirkland Bankruptcy Partner
• Defunct Heller Ehrman Must Pay $1.2M To Schiff Hardin Atty
• LightSquared Offers Ch. 11 Plan Averting Ergen Debt Brawl
• Lehman Trustee Fights Billionaire Brothers' $285M ARS Claim
• Bankrupt Vision Care Co. Gets Nod For Auction Plan
• NJ Law Firm Wins Fees Over Bankruptcy-Marred Settlement
• Detroit Plans $5.2B Water Bond Refi To Appease Creditors
• Argentina Looks To Square Off Against US At The Hague
• AT&T, DirecTV May Soon Take Over Troubled Sports Network
• Collaboration In The Shadow Of The Billable Hour
• Yet Another Reminder Of Section 503(b)(9) Ambiguity
• Picard Says Funds Can't Skirt $10M Madoff Clawback Suit
• Fox Rothschild, US Trustee Near End To Revel Payments Row
• Fontainebleau Principal Fights Subpoena Of Financial Docs
• EFH Bondholders Fight Bid For 6-Month Exclusivity Extension
• Rothstein Investors Say Hedge Fund Deal Doesn't Bar Claims
• Lehman Trustee Seeks To Expunge FirstBank's $64M Claim
• Detroit Racks Up $57M Legal Bill In 9 Months
• Seyfarth Can Keep Ex-Thelen Partners' Fees, 2nd Circ. Says
• Eagle Bulk Plans $1.2B Debt-For-Equity Swap In Ch. 11
• Banco Espirito Santo Breakup Won't Trip CDSs, ISDA Rules
• Contract Management Survey Reveals Untapped Opportunities
• Bankrupt Ski Club's Founder Fights Contempt At 9th Circ.
• EFH's Solvency Ruled Discoverable In Make-Whole Fight
• Fed, FDIC Boards Blast Big Banks' 'Living Wills'
• Kid Brands, Creditors Reach Accord Over $49M DIP Loan
• Ex-Dewey Partners Tip Hand On Clawback Defenses
• JPMorgan Kicks $8.6B Lehman Collapse Suit To Federal Court
• 2nd Circ. Won't Hear Appeal Of HealthBridge Contempt Order
• Lyondell Shareholders Try To Ax $12.5B Clawback Row
• Optim Taps Blackstone Unit As $126M Buyer For Coal Plant
• Caesars Brawls With Stakeholders In Pair Of New Lawsuits
• 9th Circ. Backs Judges' Power To Ban Bankruptcy Advisers
• Credit Rating Suit Against S&P, Others Goes To State Court
• Entegra Aims To Halve $1.5B Debt With Prepacked Plan
• Late Pipefitter's Asbestos Award Against Garlock Upheld
• Phoenix Gets Early OK For $5M DIP Ahead Of $50M Sale Plan
• Bankruptcy Judge Wants 'Girls Gone Wild' Founder Jailed
• Portuguese Regulator Probing Alleged Insider Trading At BES
• Judge Won't Boot Argentina Bond Row Negotiator
• 2nd Circ. Favors Barclays In $6B Lehman Collateral Fight
• Update Debtors' Credit Reports Or Face Liability
• 9th Circ. Axes Crystal Cathedral Founder's $5M Comp Claim
• LightSquared Fights GPS Makers' Bid To Toss Contract Suit
• 1st Circ. Limits Appeals Of Denial Of Automatic Stay Relief
• High Court Asked To Clarify Judges' Power Of Receivership
• Monitor's Ch. 7 Estate Seeks $6M In Slew Of Clawback Suits
• GM Deploys Bankruptcy Shield Against New Defect Suits
• Troutman Sanders Nabs Ex-Dentons Bankruptcy Team In NY
• Phoenix Payment Enters Ch. 11 With $50M Stalking Horse
• US Trustee Wants Fox Rothschild Off Revel Ch. 11
• Bankrupt Coupon Co. Saves Big With Mich. Tax Agreement
• After FDIC D&O Battles, Redrawing Exclusion No Easy Task
• Fla. Says $20M In Tax Credits Not Part Of DDMG Estate
• Some Days, A Stay Is Easier To Obtain Than Others
• Portugal Puts Up $6.6B Loan To Rescue Failed Banco Espirito
• Verein Tie-Ups Gain Allure As Firms Eye Global Expansion
• UK Firms Expand Global Empire, But US Firms Gaining Ground
• Law360's Global 20 Firms Take Global To New Heights
• IRS Says High Court Should Skip 'Obsolete' WorldCom Case
• Barclays Can't Duck $94M Thornburg Trustee Suit
• Fontainebleau Term Lenders Want Info On Ex-Principal's Worth
• Bankrupt Atlantic Express Can't Duck Severance Claims
• Detroit Ch. 9 Appeals Put On Hold As Workers Cut Deals
• Baker Botts Takes $5.2M Defense Fees Row To Supreme Court
• Argentina's Failure To Pay Is A Credit Event, ISDA Says
• House Bill Would Open Up Ch. 9 To Puerto Rico Public Cos.
• 6th Circ. Backs Tribe In $74M Defunct Casino Contract Dispute
• UAW Sued For Treating Plant Workers Unequally
• Judge In Bond Row Blasts Argentina For 'Half-Truths'
• Still Trying To Close The Stern V. Marshall Can Of Worms