Bankruptcy Archive » October, 2014

Bankruptcy - October, 2014

296 articles

• Argentina Defaults On Par Bonds, Risking Acceleration
• 2nd. Circ. Stomps Momentive Noteholders' Ch. 11 Stay Bid
• Global NAPs' Chapter 11 Tossed Weeks After Filing
• Crumbs Buyer Settles Claims It Knew Loan Couldn't Be Repaid
• Hedge Fund Manager Denies Bad Faith In Nautilus Debt Buy
• NetBank Tells High Court $5.7M Refund Ruling Is A Deviation
• Bankrupt Exide Gets Nod To Extend $560M DIP Loan
• 10th Circ. Unfazed By 9th Circ. Ruling In Ex-CEO's Tax Suit
• Ex-Lawyer Sentenced To 6 Years For Stealing Client Funds
• Madoff Victims Can't Look To Trustee To Save Picower Suit
• 'Green Revolution' Is Here — Try Not To Lose Your Head
• Investors Blast OCZ Trustee's Bid To Halt $7.5M Settlement
• Variant Gets Two-Week Breather From Foreclosure Action
• Harbinger Fails In Attack On $1.7B LightSquared Guaranty
• Stockton Wins Court Approval Of Ch. 9 Plan
• Attorney Charged With Forging Bankruptcy Judge's Signature
• US Asks 9th Circ. To Rehear Lavish Spending Tax Case
• McGrane To Appeal Order To Repay Howrey Fee
• MF Global Reaches $27M Settlement Over Metal Manipulation
• Tips To Help Prevent Selective Rejection In Sale-Leasebacks
• GTAT Judge Intends To Unseal Records On Apple Spat
• AgFeed Shareholders Blame Hormel For Ch. 11
• Akin Gump Bankruptcy Atty Decamps To Rejoin Gardere
• Attys Flubbed Trial Against Doctors' Group, Ex-Client Claims
• Wyly Bankruptcy Atty Says Case Proceeding 'By The Book'
• Bankruptcy Watchdog Backs Tossing Global NAPs Ch. 11
• Bankrupt AWI Gets Nod For $288M Sale To C&S
• Mystery Bondholder Walks Away From Caesars Debt Talks
• The Donald Says Trump Resorts Ch. 11 Plan Lacks Key Info
• 2nd Circ. Says $211M In Borders Gift Cards Still Worthless
• CORRECTED: Ex-Dewey Attys Can't Shake $16M Clawback Claims
• Bankrupt DDMG Will Return $18M In Tax Credits To Fla.
• Bankrupt Shipper Nautilus Probes Hedge Fund's Debt Buy
• RadioShack Enlists Ex-Treasury Adviser For Turnaround Help
• McGuireWoods Adds Ex-Norton Rose Restructuring Atty
• When Things Do Not Go As Planned In A Bankruptcy Sale
• Exide Blasts Creditor Opposition To $560M DIP Extension
• How They Won It: Brown Rudnick Widens Ch. 15 Courts' Reach
• Bank Trustee Says Squire Patton Boggs Lied About Legal Fees
• Bondholders Say Nortel Owes $220M To Junior Unit
• Dairy Farm Blames Lender For Debt Woes In Ch. 11 Bid
• Phoenix Hit With Rival Card Processor's $10M Software Claim
• SEC Says Freeze On Wyly Assets Should Be Broad
• Lehman Seeks To Force Defendant Class In $3B Derivative Suit
• Belluck & Fox Wants Garlock Asbestos Suit Moved To NY
• C&S Wholesale Wins Ch. 11 Auction For AWI With $288M Bid
• NML, Argentina Fight Over Energy Co. Subpoenas
• The Legal Professions' Curious Under-Use Of 2nd Opinions
• GTAT Touts Deal With Apple Over Soured Sapphire Venture
• Indiana Toll Road Operator Cruises To Ch. 11 Plan Approval
• Judge Says UK Co. Must Face Asbestos Claims Despite Ch. 11
• Atlantic City Says Stay On Revel Casino Would Ruin Budget
• A Reasonable Measure Of Unreasonably Small Capital
• Detroit's Ch. 9 Trial Ends, Judge To Rule Nov. 7
• Energy Future Judge To Rule On Auction Plan Next Week
• Global NAPs Rebuffs Calls To Throw Out Bankruptcy Case
• BNY Doesn't Have To Turn Over $539M To Argentina Creditors
• Madoff Aides' Forfeiture Tangle Yields New Sentencing Delay
• Miss. Fertilizer Maker Takes 2nd Stab At Reorganizing
• Fontainebleau Judge Rejects Trustee's D&O Settlement
• Feds Say $170M AWI Sale Could Let Buyer Skirt Enviro Laws
• Wyly Family Says SEC Asset Freeze To Harm 'Innocent' Kids
• Harbinger Takes Aim At $1.7B LightSquared Debt Guaranty
• Bankruptcy Watchdog Blasts Variant-Creditor Settlement
• Cantor Can't Quash Refco's Demand For $100M IPO Docs
• Trump Entertainment Asks To Sell Slots From Closed Casino
• Regulatory Mismanagement May Cause CERCLA Exposure
• Use Social Media For Legal Service Only As A Last Resort
• Liberty Medical Strikes Deal Trimming $160M Medicare Claim
• Momentive's Disputed $3B Debt-Cutting Plan Goes Live
• GTAT-Apple Deal Will Likely Survive Despite Secrecy
• 6th Circ. Upholds GM's Win In $3B Suit Over Saab Sale
• 11th Circ. Revives Integrity Trustee's $70M Negligence Suit
• Fifth Third Can't Convert Simplexity Case To Ch. 7, For Now
• NII Holdings Wants Brass Covered From Investor Class Action
• Exide Unsecured Creditors Blast Extension For $560M DIP
• Bankrupt Olive Oil Co.'s Owners Dodge False Labeling Suit
• Harbinger Slams LightSquared's Bid To Halt $1.9B Suits
• Economic Impact On Mortgage Lenders From Strip-Off Law
• An Associate's Perspective On Business Development
• Citigroup, Argentina Gird For New Court Date In Bond Fight
• Bankrupt Ormet Gets Nod To Dismiss Ch. 11 Case
• Apple May Not Be Done With GTAT After It Clears Ch. 11
• San Bernardino Creditors Demand Deadline For Ch. 9 Plan
• Conex Trustee Fails In $2.6M Tax Suit Against Parent Co.
• Bank Of England Shields Taxpayers In Failed-Bank Plan
• Bankrupt Vitamin Maker Natrol Gets Nod For Nov. Auction
• Wyly Wife Seeks Ch. 11 Protection In Face Of $101M SEC Debt
• SEC Wins Asset Freeze Against Wyly Despite Bankruptcy
• Trump Resorts Gets Final OK To Fund Case With Icahn Cash
• Backstreet Boys To Recover Master Tapes In Settlement
• NY Court Limits Rights Of Assignees, Indenture Trustees
• Union Blasts Trump Resorts' Bid To Stifle Communications
• Variant Hearing Delayed After Ch. 11 Deal Draws Fire
• 'Real Housewives' Star Can't Serve Term In Halfway House
• Boart To Recapitalize Under Deal With Centerbridge
• 3rd Circ. Affirms Dismissal Of Virgin Islands Telecom Case
• Bankrupt Seegrid Gets Nod For Dec. Hearing On Ch. 11 Plan
• UniTek To Swap Debt For Equity, Go Private In Ch. 11
• Sifco Noteholders Fail To Stymie Ch. 15 Recognition
• 2nd Circ. Tosses Argentina's Appeal Of $539M Payment Block
• AWI Trade Creditors Say Proposed $170M Sale Is Too Cheap
• National Union Defeats Suit Over $40M Real Estate Deal
• Ex-WR Grace Workers Seek OK To Sue Insurer Over Asbestos
• EFH Says $4B Bondholder Appeal Would Torpedo DIP
• Google Says Nortel Shouldn't Block Docs In Rockstar IP Row
• Wyly Says Ch. 11 Should Block SEC Asset Freeze
• New Jurisdictional Issues When Moving To Quash A Subpoena
• 1st Circ. Injects Uncertainty Into Stay Relief Denials
• Detroit Ch. 9 Judge Wants Specifics On Settlements, Exit Plan
• Energy Future Unit Board Member Backs Auction Plans
• Judge Has 'Significant Doubts' About Global NAPs Ch. 11
• Ex-AgFeed Execs Say Ch. 11 Plan Shorts Them On Legal Costs
• Robotics Co. Plans Ch. 11 Debt-Equity Swap With Giant Eagle
• Getty Trustee Settles With Feds Over $700M Cleanup Bill
• Investment Adviser Agasti Settles Lehman Suits
• Gibson Dunn Can't Shake Trustee's $150K Adversary Suit
• LDK Solar Floats Prepack To Restructure $295M In Bonds
• GTAT's Deal With Apple To Shed Light On Mystery Ch. 11
• The Cayman Way Of Identifying, Enforcing Against Assets
• Energy Future Creditors Bristle Over Auction Plans
• Ch. 11 Watchdog Rips GTAT's $25M Critical-Vendor Bid
• Bankrupt Variant Gets $10M DIP In Settlement With Creditor
• Revel Auction Loser Can't Void Brookfield Sale, Judge Says
• Sam Wyly Seeks Ch. 11 To Deflect Looming $198M Fine
• McGrane To Disgorge Howrey Fees Over Adverse Action
• 9th Circ. Lavish Spending Tax Ruling Unlikely To Spread Far
• Specialty Products Gets Nod On Ch. 11 Disclosure Statement
• Detroit Could See Decision On Ch. 9 Exit Within Weeks
• Sears Plans $625M Rights Offering As CEO Injects More Cash
• Accessing The D&O Liability Coverage Of A Bankrupt Corp.
• High Court Won't Mull Bankrupt Co.'s Row With Puerto Rico
• Madoff Trustee Files $62M Deal In Customer Clawback Suit
• Energy Future Plugs Auction Plan, Draws Fire From Creditors
• US Airways Pilots Near Settlement In Lump-Sum Pension Fight
• Filing Mistake Can End GM Secure Interest, Del. Justices Say
• Venable-Acquired Firm Escapes $590M Movie Loan Suit
• Skadden Dispute Over Radnor Sale To Stay In Bankruptcy Court
• Corinthian Lenders Hold Off On Defaults Amid Wind-Down
• AA Pilots Can't Challenge CBA Ruling, Judge Says
• Nautilus Wins Bank Lenders' OK To Tee Up Ch. 11 Plan
• Trump Entertainment Allowed To Nix Union Deal In Ch. 11
• 3rd Circ. Revives Genaera Investor Suit Over Asset Sales
• Embattled GM General Counsel Millikin To Retire in 2015
• Pantech Files For Ch. 15 Relief Amid Korean Debt Workout
• Bank Lenders Jump Into Caesars Restructuring Talks
• GM Says Calif. DA's Ignition-Switch Suit Belongs In MDL
• IRS Wipes Out Secured Debt In Scott Cable Bankruptcy Case
• 2nd Circ. Fails To See The Comity In Chapter 15
• What Litigators Can Learn From Novelists
• Fifth Third Says Simplexity Can't Afford To Stay In Ch. 11
• Lehman Balks At Boosting RMBS Reserve By $7.1B
• Clock Ticks On Momentive To Pull Off Thorny Ch. 11
• Bankrupt AWI Gets Nod For Executive Bonus Plan
• US Warns EFH About Oncor Auction's Tax Implications
• Ex-Howrey Partners Get Approval For $1.5M Clawback Deal
• Potter Anderson Atty Is Lead Pick For Del. Bankruptcy Bench
• Sonifi Creditors Lose Challenge To Mast-Led Restructuring
• Garlock Asbestos Liability Docs Unsealed In Bankruptcy Case
• Locke Lord Scoops Up Norton Rose's Austin Chief
• ResCap Takes Hit In $88M MBS Suit Against Capital One Unit
• Nortel Docs Vital To Rockstar IP Row, Time Warner Says
• Detroit Inks Deal With Last Major Holdout Opposing Exit Plan
• Bankruptcy Change Could Spur Student Loan Mods: CFPB
• When Your General Contractor Files Bankruptcy
• Trustee Seeks To Sink Glacial Energy's Exclusivity Extension
• Bankrupt Endeavour Sets Out On Path To Lighten $1.2B Debt
• GM Hit With $10B Defect Claims Over 27M Cars' Resale Value
• 'Real Housewives' Star Pleads Guilty Over Fake License
• EFH Gets Judge's Nod For $20M Executive Bonus Plan
• Apple Supplier's Ch. 11 Judge Doubts Need For Secrecy
• WaMu Trust Says Ex-Execs' 'Reckless' Transfer Wasted $500M
• $37M Verizon Debt Pushes Global NAPs Into Ch. 11
• Merrill Lynch Can't Shake Lehman's $21M Swaps Demand
• Dreier Investor Settles Ponzi Scheme Claims For $32M
• Brown Rudnick, Others Slammed For $2.5M Ch. 11 Fee Hike
• 2nd Circ. Expands US Court Role In Ch. 15 Cases
• NH Calls For Transparency In Apple Supplier's Bankruptcy
• Strike Wouldn't Stop Icahn's Trump Resorts Rescue, Atty Says
• Bilzin Sumberg Gets $300K More Fees From WR Grace
• Detroit Close To Deal With FGIC Over $1B Bankruptcy Claim
• Sedgwick Wants MedCap Malpractice Suit Axed
• Doubtful 2nd Circ. Eyes Madoff Investors' Interest Claims
• Del. Clarifies Approach To Derivative Suits In Insolvency
• Information Governance: A Missed Opportunity For Lawyers
• Banks Agree To End 'Too-Big-To-Fail' Swaps Provision
• Doral Prevails In $229M Puerto Rico Tax Row
• Solus, Optimal Can't Get $7M Refund From Madoff Trustee
• Apple Supplier's Mystery Ch. 11 Will Test Secrecy Pact
• Bankruptcy Watchdog Balks At AWI Executive Bonus Plan
• Exide Locks Down 3-Month Extension On $560M DIP
• Comcast Signals Intent To Appeal Sports Network Ruling
• EFH Sale Plan Would 'Make A Mockery' Of Ch. 11: Creditor
• NJ Lawmaker Accuses Icahn Of Stifling AC Casino Rescue
• Calif. DA Wants State's GM Ignition Switch Suit Removed
• Supplier GTAT's Execs Face Suit Over Apple Contract Filings
• Windsor Gets OK For Vote On $189M Debt-For-Equity Swap
• Simpson Thacher Reps Blackstone In Advisory Unit Spinoff
• Proskauer Loses Bid To DQ Neligan In Stanford Ponzi Suit
• BNY Must Release $539M Argentina Bond Payments: Creditors
• Escaping Taxes In Bankruptcy Through S Corporations
• Fifth Third Bashed For Simplexity Ch. 7 Conversion Bid
• 9th Circ. Upholds Contempt For Bankrupt Ski Club's Founder
• For-Profit Colleges Unlikely To See Ch. 11 Fix Soon
• Espirito Santo Financial Group Files For Bankruptcy
• EFH Can't Get Watchdog Witness Tossed In $20M Bonus Fight
• LightSquared Seeks To Reclaim $1.9B Harbinger Litigation
• Trump Casino Accuses Union of Harassment, Violating Stay
• KPMG Tries To Duck Fraud Suit Over Ex-Rangers Owner Audit
• 3rd Circ. Frees Flintkote Insurer From Asbestos Arbitration
• Sears Turns To Blogosphere To Defend Financial Health
• DHL, United Scrap Over Fact-Finding In Cargo Antitrust Case
• Apple Supplier GTAT's Surprise Ch. 11 Remains A Mystery
• Clarifying TruPS Holders' Exercise Of Remedial Rights
• GM Creditors Seek Strict Del. Court View On Doc Authorization
• Star Dynamics Gets OK For $3M Israeli Radar Settlement
• Bankrupt EFH Defends Bid To Pay $20M In Executive Bonuses
• Asarco Tells 9th Circ. $33M Superfund Cleanup Row Is Timely
• Comcast Can't Recover $100M From Houston Sports Network
• Lehman's $350M Broken-Lease Settlement Gets Judge's Nod
• Junior Creditors Owed $3.7B Cry Default On Caesars
• Saab Gets More Time For Reorganization
• A Primer On 'Bad Faith' In Federal Removal Jurisdiction
• Spotlight On Make-Whole Provisions In Bankruptcy
• NYC Bankruptcy Courthouse Deemed Too Risky For Dreier
• Federal Ch. 11 Watchdog Stays Resolute Against Bonuses
• Data Tech Co. Edgenet Submits Ch. 11 Liquidation Plan
• Comcast Fights Lowball Value Of Regional Sports Network
• Trump Resorts Didn't Bargain In Good Faith, Union Says
• Magazine Wholesaler Source Floats Ch. 11 Plan
• NJ Judge OKs Revel Sale Despite Losing Bidder's Protest
• Madoff Sends Email From Jail Backing Convicted Ex-Aide
• Funds Renew Attack On Puerto Rico's Restructuring Law
• Revstone Can Release Funds Held From $13M Canadian Sale
• 3rd Circ. Ruling May Shake Up Estate Scope Litigation
• Proskauer Says Stanford Ponzi Abetting Suit Is 'Stale'
• Investors Say Fidelity Broke Deal To Sell $423M In EFH Notes
• Revel Auction Loser Straub Challenges Sale to Brookfield
• Comcast, Houston Ball Teams Spar Over TV Network's Value
• Judge Won't Waste Time On Allied Systems Settlement
• Top Lenders Abandon Ch. 11 Plan To Split Up LightSquared
• Oaktree Wants Fraud Claims Nixed From Quantum Sale Fight
• Apple Supplier GT Advanced Technologies Hits Ch. 11
• Supreme Court Passes On Verizon's $50M WorldCom Tax Suit
• Justices Empower Ch. 15 Courts On IP Licensing Issues
• Argentina-Like Debt Contracts Need Revamp, IMF Says
• Crumbs Requests Conversion To Ch. 7 Following Asset Sale
• In-House Insights From KBR General Counsel Andrew Farley
• Another Blow Dealt To Restitution, Disgorgement Defense
• A New Standard To Resolve The Electricity Debate
• Argentina Ordered To Stop Local Debt Payment Deposits
• Real Estate Agent Can't Appeal Atty Fee Remand: 8th Circ.
• Stillwater Trust's $50M Suit Claims Asset-Stripping Plot
• Chadbourne & Parke Wants Stanford Ponzi Abetting Suit Axed
• Bankrupt AWI Wins Final Approval For $193M DIP Package
• Great Northern Creditors Get Ch. 7 Moved To Maine
• Bid For Variant Ch. 11 Overseer Gets US Trustee's Backing
• Insurers Defeat Ch. 11 Buyer's Suit For Cleanup Costs
• Attys Ask High Court To Discharge $2M Debt In Bankruptcy
• 3rd Circ. Won't Rehear Suit Over Visteon Retiree Benefits
• US Trustee Slams EFH's $20M Exec Bonus Request
• Petters Trustee Settles Clawback Suit For $322M
• Saab Seeks Delay Of Reorganization As Deal Talks Continue
• RadioShack Taking $585M Refi, Giving Hedge Fund Control
• Indiana Toll Road's Ch. 11 Deal With State Gets Green Light
• Trump Entertainment Loses Bid To Dodge Pension Duties
• Bankrupt Olive Oil Co.'s Owners Want Out Of Labeling Suit
• Unitranche: Opening The Loan Market For New Participants
• Bankrupt RG Steel To Recoup $3M In Pact With Insurer
• Stockton Pension Ruling Bolsters Case For CalPERS Reform
• Trump Entertainment, Union Scolded By Judge Over CBA Row
• Baker Botts' High Court Fight Could Bolster Ch. 11 Paydays
• Bankrupt Reichhold Gets Grudging Approval For $94M DIP
• Argentina Asks 2nd Circ. To Toss Order Expanding Debt Class
• Asbestos Claimants Want Access To Internal Garlock Docs
• Visteon Balks At Retirees' 'Improper' Attack In Benefits Spat
• NJ 'Real Housewives' Stars Land Jail Time For Fraud Charges
• Dewey Partners Say Clawback Fight Could Chill Lateral Moves
• K&L Gates Hires Ex-CalPERS GC As Partner In Seattle
• $7B Tax Bill Could Force Energy Future Into Ch. 7
• Supreme Court To Hear Baker Botts' Bankruptcy Fee Appeal
• Stockton Ch. 9 Judge Rules Cities Can Cut Pensions
• Comcast Fears Network Ch. 11 Plan Will Void $100M In Loans
• Liberty Medical Unveils Plan For $47M Stalking Horse Sale
• Judge OKs $295M MF Global Payout To Unsecured Creditors
• 11th Circ. Won't Review Global Energies Bankruptcy Reversal
• Carlton Fields Soups Up West Coast Post With 4 Litigators
• Brookfield Wins Revel With $110M Bid, Will Reopen As Casino
• Trump Resorts Files Ch. 11 Plan With Icahn Debt-Equity Swap
• Pittsburgh Corning Insurers Can't Nix Ch. 11 Asbestos Plan
• Ex-Casino Execs Owe $272M Over Lost License, Judge Says
• Insurer Defeats Mariah's $100M 'False' Storm Report Suit
• Circuit City Wins Reconsideration Of LCD Damages
• Jefferson County Must Face $1.6B Appeal Of Ch. 9 Plan
• Endeavour Gets Window To Forge Prepack With Creditors
• Important Considerations In Loan Payoff Agreements