Bankruptcy Archive » September, 2014

Bankruptcy - September, 2014

280 articles

• SemGroup Trustee Can't Revive $55M Clawback Claims
• Top Momentive Bondholders Flop In Suits Against Juniors
• Chemical Co. Reichold Hits Ch. 11, Plans Sale To Bondholders
• Revel Draws 2nd Bidder As Stalking Horse Bidder Objects
• Heller Ehrman Says Docs Don't Save Ex-Client's $20M Claim
• Trump Resorts Gets Quick Hearing On Taj Mahal Pension Plan
• Barclays Ups Detroit's Exit Loan To $325M
• Argentina Deposits $161M With Local Trustee, Defies NY Judge
• Sun Capital Not Liable For Trucking Unit's WARN Claims
• 3rd Circ. Sheds Light On Insider Status In Bankruptcy
• Citi Unit, Others Get Thornburg Trustee's $2B Suit Trimmed
• Stockton Ruling Could Inject Pension Cuts Into Ch. 9
• Bankrupt Vitamin Maker Natrol Aims For Nov. Auction
• Aaroma Says Diacetyl Claims Belong To Bankruptcy Estate
• Argentina Held In Contempt For Debt Bypass Plan
• The 4 Firms In-House Counsel Fear The Most
• Trump Resorts Aims To Ax Union Pact, Add $100M Icahn Stake
• ATP Oil Execs Escape Suit Over $1.5B Note Exchange
• Akin Raid Strikes Bingham's Hong Kong Office
• Nortel Seeks Relief From Subpoenas In Rockstar Patent Suits
• Carmakers, Insurers Want Garlock Asbestos Records Unsealed
• Argentina Can't Fight $185M Arbitration Award, Justices Told
• 7th Circ. Flubbed Bankruptcy Ruling, High Court Told
• Pension Plan Minefields For Distressed Auto Equipment Cos.
• AWI Creditors Say $193M DIP Snubs Trade Claims
• Fifth Third Takes 2nd Shot At Moving Simplexity To Ch. 7
• Spirited-Away $6M Is Part of Telecom's Estate, 3rd Circ. Says
• Lehman Bros. Says It Was Cheated Out Of $1.9M Swap Gain
• Citigroup Cleared To Make One-Time Argentine Bond Payment
• Judge OKs Bankrupt Video Transmission Co.'s Asset Sale
• $3M Dewey Clawback Suits Kept In Bankruptcy Court
• Mich. Single-Biz Tax Can't Be Cut In Ch. 11, Court Says
• Old Hostess To Pay $21M To Cyclist Hit By Bread Truck
• Judge Won't Split Class Action Over ATP $1.5B Note Exchange
• Hedge Fund Exploring RadioShack Rescue Package
• Caesars Strikes Deal Promising Tort Awards To Top Creditors
• The New-Value Defense, Section 503(b)(9) Debate Continues
• 2nd Circ. Jeopardizes Fund's Buy Of $230M Madoff Claim
• Kansas Aims To Regain Lost Taxes Through Sex Toy Auction
• Ex-Astros Owner Objects To Sports Network's Ch. 11 Plan
• US Bank Can't Escape Dual Peregrine Class Actions
• Global Geophysical Unveils Dual-Track Ch. 11 Plan
• Ex-Fuel Co. Exec Fleeced Bank Of $30M, Feds Say
• Saab's US Arm Calls For $4.2M From Swedish Bankruptcy
• Thelen Trustee Says Clawback Claims Must Be Arbitrated
• EFH Bondholders Say $4B Tender Opens 'Pandora's Box'
• Garlock Asbestos Claimants Slam Objections To $2.5M Fee
• Orrick Adds Former DOJ Atty To Appellate Team In DC
• Donald Trump Asks To Be Forgotten — And Fast
• Ex-Atty Gets 7 Months For Ripping Off Bankruptcy Clients
• What Happens To Lenders' Collateral During Bankruptcy?
• GM Says Revstone Trying To Undo Deal On Canadian Sale
• Insurer Sues Longview To Nix $350M In Mechanics' Liens
• Lucchese Assocs. Want New Trials In Lender Takeover Plot
• DDMG Unlikely To Keep Bulk Of $20M Tax Credit, Judge Says
• ResCap Kicks $470M MBS Action To Bankruptcy Court
• Revel Auction Goes On Hiatus With No Winning Bid
• Nortel Trial Over $7.3B Liquidation Pool Comes To An End
• Qimonda Administrator Reaches €260M Deal With Ex-Parent
• Ind. Toll Road Operator Floats Deal With State Amid Ch. 11
• Getty Trustee Strikes $1.4M Deal With AIG
• Mass. High Court Clarifies Fine Art Consignment Law
• Codere Forges €1.1B Debt Workout To Avert Insolvency
• Nortel's US Wing, UK Pensioners Vie Over $7.3B in Sale Funds
• Phoenix $50M Ch. 11 Sale Ok'd Despite 11th-Hour IP Dispute
• 2nd Circ. Won't Rehear $4B Lehman-Barclays Asset Fight
• Great Northern Paper To Wind Down Mills In Ch. 7
• Mystery Lender May Help Chicago Spire Avoid Bankruptcy
• Ex-Dewey COO Stuck With Trustee's $9M Clawback Suit
• Barclays Pays $15M To Settle SEC Claim Over Lehman Biz
• Bankruptcy Sale Of Hospitals: 4 Questions Before You Begin
• Opportunities And Pitfalls In The Legal Cloud
• Momentive Creditors Can't Halt Ch. 11 Plan On Appeal
• Deutsche Bank Execs Charged In Germany
• BNY Mellon Resists $539M Argentina Bond Payments
• AWI Creditors Get Time To Study Possible $170M Sale Plan
• Fight Over Nortel $7.3B Liquidation Haul Nears End
• Bankrupt Education Co. Gets OK To Sell 5 Schools
• BofA Skirts Claims It Misreported Discharged Debts
• Explosives Co.'s Insurers Can't Rule Out Blast Coverage
• RadioShack Leans On Big Vendor In Restructuring Talks
• Howrey Trustee Strikes $1.5M Deal With 31 Ex-Partners
• Lehman Gives $350M Claim In UK Office Building Deal
• Indiana Toll Road Operator Files For Ch. 11 With $6B In Debt
• Unfinished-Business Suits Live On Despite NY Drubbing
• Holland & Knight Adds New Litigation Partner In Tampa
• Momentive To Pay Interest In Cash Unless Plan Halted
• A General Counsel's Top 10 Billing Tips
• Detroit Council OKs $50M Regional Water Authority Plan
• Accountant Gets 40 Months For Texas Lender Takeover Plot
• Buyer Class In $261M Olive Oil Row Wins Cert. In Co.'s Ch. 11
• $10M Suit Against Johnson DeLuca Over Hospital Ch. 11 Pared
• Entegra Wins Ch. 11 Confirmation To Cut $1.5B Debt In Half
• Notes' Assignee Can't Sue Over Telecom Collapse, Judge Says
• IBRC Can Remarket Blackrock Loans After €24M Sale Fails
• Bankruptcy Judge Won't Block $2.9M W.Va. Spill Settlement
• GM MDL Judge OKs Discovery On Post-2009 Accidents, Cars
• Auditing Co. Can't Ax Broker-Dealer's Suit Over $66M Fraud
• Baker & McKenzie Grabs M&A, Bankruptcy Partners In NY
• GM Not Liable For Pre-Ch. 11 Settlement, 2nd Circ. Says
• 2nd Circ. Tosses Citibank Appeal Of Argentina Bond Ruling
• JPMorgan Demands $35M In Refunds For Chrysler First-Liens
• Momentive Noteholders Demand $50M Interest In Cash
• Momentive Ruling Part 4: Clarifying Make-Wholes
• BMO Harris Socked With $24B Suit Over Petters Ponzi Scheme
• LodgeNet Creditors Sue To Block 'Brazen' Restructuring Plan
• Creditors Slam 'One Life To Live' Producer's Ch. 11 Plan
• Greenberg Traurig, Alvarez Agree to Slash TelexFree Fees
• Citibank Warns Of Fallout On Blocked Argentina Payment
• Bankrupt Food Co-Op AWI Gets Nod To Pay $1.7M In Cig Taxes
• Ex-Exec Of WorldSpace Unit Loses Ch. 7 Row Over Back Pay
• Willkie Farr Again Escapes Suit Over $100M Loss
• 3rd Circ. Affirms Capeco Ch. 11 Claim Distribution Orders
• Phoenix Drops Ch. 11 Auction For $50M Stalking Horse
• Eagle Bulk's Ch. 11 Plan Cutting $975M Debt Sails Through
• Momentous Ruling In Momentive Part 3: Subordination
• Hunton Mostly Escapes Gas Co.'s $50M Malpractice Suit
• Freddie Mac Sues Deloitte For $1.3B Over Taylor Bean Fraud
• Bingham's London Exodus Hits Firm's Rep, But Not Its Wallet
• ECOtality Shareholders Get Plug Pulled On Class Action
• AgFeed To Pay $7M To Settle Securities Class Action
• Detroit's Ch. 9 Confirmation Trial Delayed For A Week
• Bankrupt Refinery Owner Floats $100M EnCap Deal
• Coldwater Creek Gets Nod For Ch. 11 Plan
• Miss. Casino Margaritaville Files For Ch. 11 Bankruptcy
• Siga Technologies Blames Ch. 11 On Appeal Bond
• Thompson & Knight To Rep EFH On Tax Issues In Ch. 11
• Akin Gump Plucks 22 From Bingham's Europe, Asia Offices
• New Century's Lessons On Sufficient Bar Date Notice
• US Steel's Canada Unit To Seek Relief From Creditors
• Lehman Slams JPMorgan's $7B Precollapse 'Cash Grab'
• Bankrupt NII Clears First-Day Motions As Creditors Dig In
• Ex-Dewey Controller Reaches Partial Deal With SEC
• EFH Gets Exclusivity Extension, Touts 'Bidding War'
• Donald Trump Says He May Buy Back In To Bankrupt Casinos
• Regulators Probe Banco Espirito Santo's Former Fla. Unit
• FDIC Wants FBOP's 'Unclean Hands' Defense Struck
• Siga Files Ch. 11 After Losing Rival's Botched-Merger Suit
• Getty Buyers Sue Akin Gump For Conflict In Lukoil Deal
• Labaton Defectors Make Play For Lead Role In MF Global Suit
• Detroit Creditors Give Ground To Seal Syncora Deal
• Momentous Ruling In Momentive Part 2: The Cramdown Rate
• Variant Can't Get Creditor's Trustee Motion Pushed Back
• Nextel Carrier NII Hits Ch. 11 After Creditor Talks Stumble
• AgFeed Strikes SEC Deal, Gets Nod For Disclosure Statement
• Ex-Dewey Head Says DA Can't Show Conduct Was Criminal
• Magazine Wholesaler Cancels Ch. 11 Auction, Sells For $24M
• Revel Bankruptcy Judge OKs Auction For $90M Stalking Horse
• Trump Resorts Plagued By Past Ch. 11 Mistakes, Experts Say
• Hostess Freed From Property Tax Claims In Bankruptcy Case
• Dechert Prevails With Request To Strike Constar Report
• Lavish Spending Doesn't Equal Tax Evasion, 9th Circ. Says
• Ex-McCarthy Atty Cites Privilege In $1.4M Dreier Fee Row
• Ex-Thelen Partners Hit Back At Trustee's Clawback Claims
• Syncora No Longer Needs Banks' Help On Detroit Deal
• RadioShack CFO Resigns Amid Talk Of Bankruptcy
• Momentous Ruling In Momentive Part 1: Primer On Cramdown
• Garlock Asbestos Claimants Want Records Kept Private
• Syncora-Detroit Deal Would Leave FGIC Alone As Holdout
• Dewey Trustee Hits Vodka Co. With $2.45M Clawback Suit
• Citing 'Improprieties,' Trustee Slams Kirkland Bankruptcy Fees
• Harbinger Reveals $460M For LightSquared Split-Up Plan
• OPINION: Pro Bono May Help Diversity Recruiting Efforts
• Caesars Launches Restructuring Talks With Top Creditors
• Chase Denied Atty Docs In $775M Fight With Insurer's Trust
• EFH Slams Bondholders' Bid To Limit Exclusivity Extension
• FirstEnergy Must Kick In For NYSEG Cleanup, 2nd Circ. Says
• Aramid Can't Stop Bergstein Trustee From Intervention Bid
• Madoff Aide Warns Of 'Gender Disparity' In Jail Locations
• TMT Ruling Not A Death Knell For DIP Financing
• Yucaipa Urges Judge To Deny Allied System's Settlement
• Momentive Pushes Thorny Debt Workout Through
• Gucci Great-Grandson Under House Arrest For Asset Transfer
• Parts Maker Denies Indemnity Duty For Chrysler Defect Suit
• GM Fights To Stall Discovery On Post-Bankruptcy Accidents
• Insurer Stuck With Longview's $336M Lien Coverage Suit
• Pharmacist In Meningitis Outbreak Case Pleads Not Guilty
• DSW Has To Make Good On Filene's Manhattan Lease
• Lehman Assails Citi's $600M Post-Petition Interest Claim
• How Research Efficiency Impacts Law Firm Profitability
• Argentine Congress Authorizes End-Run Debt Payments
• RadioShack May File For Ch. 11 As Sales Slump Continues
• 5 Insights From Ford General Counsel David Leitch
• Dealmakers Q&A: Honigman Miller's Todd Sable
• Caveat Debtor: A Lesson On Priority Of Avoided Liens
• House Advances Bill Reforming Ch. 11 For Failed Global Banks
• Detroit-Syncora Deal Restores Faith In Chapter 9
• Atlantic City's Revel Casino Gets $90M Offer For Assets
• Associated Wholesalers Get Interim Nod For $193M DIP
• Proskauer Can't Dodge Malpractice Suit Over $255M Tax Bill
• Dreier's Jailed Founder To Testify In $137M Adversary Fight
• Bizarre Madoff Appeal Reaches 2nd Circ., Spurring US Reply
• Argentina Judge Punts On Enforcing Citi Subpoena
• 9th Circ. Asks For Input On Malpractice Insurance Fight
• Trump Entertainment Could Wind Down If Taj Mahal Closes
• MF Global Highlights D&O Insurance Issues In Bankruptcy
• RadioShack Bankruptcy 'Imminent,' Analyst Says
• Howrey Trustee's Unfinished-Business Suits Kept Alive
• Best Business Planning Practices For Lawyers
• Trump Resorts' Ch. 11 Shows Atlantic City Must Step Up Game
• Momentive Creditors Stuck With 'No' Votes On Ch. 11 Plan
• Detroit, Syncora Reach Tentative Deal Over City's Debt
• New World Resources Pushes Through €255M Workout
• PwC Can't Shed Claims It Missed Colonial Bank Fraud
• 3rd Circ. Asked To Revive Genaera 'Fire Sale' Investor Row
• Hopkins & Carley Adds Family Wealth, Tax Planning Vets
• Food Co-Op Associated Wholesalers Hits Ch. 11 Seeking Sale
• Giants Stadium Sues For Payment Of $302M Lehman Claim
• DDMG Says Fla. Tax Credits Are Part Of Bankruptcy Estate
• Detroit Reaches $50M Deal For Regional Water Authority
• Trump Entertainment Resorts Files For Ch. 11
• Trump Entertainment Resorts To File For Ch. 11: Report
• Argentina Asks 2nd Circ. To Allow $8B In Citibank Payments
• Aramid Says Bergstein Bankruptcy Trustee Could Sink Deal
• Black Diamond, Spectrum Aim To Nix Bid For Allied Hearing
• FirstBank Asks For Favorable Ruling On $64M Lehman Claim
• DOL, GSA To Pay $24M For Bankrupt Contractor's Assets
• Digital Domain Creditors Sue Over $12M Subsidiary Sale
• Friedman Schuman Sues Bankrupt Co. Over Santander Loan
• McGuireWoods' Fees Could Eat Spill Cleanup Cash: Judge
• Creditor Accuses Variant Of Fraud, Calls For Ch. 11 Trustee
• Recent Case Shows Final Asset Sales Are Not Always Final
• Sedgwick Snaps Up Ex-Lubin Olson Real Estate Pro
• Madoff Trustee Wants 2nd Circ. Review of Merkin Decision
• FTB Says Simplexity Creditors Rushing Lien Challenge
• Baker Botts Wants Supreme Court Review Of Meta-Fees
• Firm Opposes Ford, Honeywell Motion To Unseal Garlock Docs
• Momentive Senior Subs Say Ch. 11 Plan Cuts Them Off
• SEC Gives Up Fight To Make SIPC Repay Stanford Victims
• Uranium Supplier USEC Wins Approval For Ch. 11 Plan
• Momentive Make-Whole Ruling Sends Investors Scrambling
• Holdout Creditor Blasts Treatment In Stockton Ch. 9 Plan
• Firm Loses Bid For Extra Fees From WR Grace Asbestos Deal
• Quiznos Units Want Ex-Brass' Indemnification Claims Tossed
• 5 Insights From AT&T General Counsel Wayne Watts
• Orchard, ACE Reach Deal Over $8.9M in Insurance Funds
• MF Global Execs Win D&O Coverage Windfall
• Detroit CFO Defends City's Post-Bankruptcy Budget
• Dechert Told To Break Down Coudert Paris Client Data
• McDermott Says Antioch Negligence Claim Should Be Nixed
• Houston Sports Network Moves Closer To Bankruptcy Sale
• Mediation Breaks Down In Gulfco's Appeal Of Tossed Ch. 11
• Momentive Noteholders Want Their Attorneys' Bills Paid
• Argentine Senate Passes Bond End Run Around US Courts
• Vantage Drilling Shares Aren't TMT Property, 5th Circ. Says
• Neff Latest PE-Backed Bankruptcy Survivor To Launch IPO
• Cozen Adds Ex-Kleinberg Kaplan Litigation Partner In NY
• Exide Insurers To Pay Pacific Chloride $5M For Fire Damages
• Revel's Bankruptcy Cut Clubs' Lives Short, Suit Says
• Defunct Aramid To Pay $6M In Bergstein Contract Battle
• 11th Circ. Says Adversary Defendants Aren't Aggrieved Parties
• Pharmacist In Meningitis Outbreak Case Arrested At Airport
• Parmalat Ordered To Pay $431M To Citigroup
• An Important Case For Liquidating Trustees
• Energy Co. Matagorda Island Checks Into Ch. 11
• ISDA Auction Sets Price On Argentina Credit Default Swaps
• Pensioners Get To Fight for Piece of $265M FBOP Pie
• Cleary Brokers Restructuring Pact For Chilean Bus Outfit
• 'Girls Gone Wild' Founder Tries To Avoid Civil Contempt Jail
• Unhappy Creditors Open Assault On Detroit Ch. 9 Plan
• Bankrupt Kid Brands Gets Nod For $8M Asset Sale
• GM Litigation Raises Difficult Bankruptcy Questions
• Asbestos Attys Expose Social Security Nos. In Garlock Ch. 11
• Ex-Dewey Partner Can't Sue Barclays In Federal Court
• Phoenix Payment OK'd To Hire Raymond James For Ch. 11
• Swiss Watchdog Probing Espirito Santo Unit
• Caesars Accused Of Playing Favorites In $155M Deal
• Ex-Dewey Exec Denies 'Insider' Role In $9.3M Clawback Suit
• Bankrupt Coupon Cos. $550K Tax Deal Win Judicial Approval
• Rothstein Trustee Gets Judge's Nod For Up To $37M Payout
• Kirkland Takes A Gamble With Feisty Detroit Playbook
• Specialty Products Affiliate Hits Ch. 11 In Asbestos Deal
• 2nd Circ. Leaves Coudert Unfinished-Business Suits Open
• Detroit Opens Defense Of Ch. 9 Plan At Trial
• Real Estate Co. CEO Accuses Creditor Of 'Loaning To Own'
• EFH Gets Creditors' Support For Exclusivity Extension
• Looking At Feds' Financial Co. Resolution Plan Feedback
• GM Seeks To Keep Ignition Switch Suits Out Of Calif. Court
• High Court Decision Time-Bars $388M MBS Suit, Judge Rules
• US Trustee Rips Dechert's Call To Strike Constar Report