Bankruptcy Archive » January, 2015

Bankruptcy - January, 2015

304 articles

• OCZ Trustee And Ex-Brass Spar Over Investigation
• Fla. Nursing Home Seeks To Nix US Appeal Of Ch. 11 Plan
• Bankrupt Revstone Unit Stuck With $13M GM Claim
• Deloitte Beats Some UK Misconduct Claims In MG Rover Row
• Tackling Energy Loan Defaults At A Time Of Cheap Oil
• Revel Creditors Make Peace With $125M Bankruptcy Loan
• Ex-Furniture Brands Execs Duck Investor Fraud Suit
• Ex-Sentinel CEO Gets 14 Years For $665M Fraud
• TPG, Apax Shed Much Of $1.1B Hellas Clawback Suit
• Phoenix Payment Gets Nod For Ch. 11 Disclosure Statement
• Dewey Trustee Seeks Legal Fees From NY Asset Manager
• Valeant Eyes $296M Prostate Drug In 1st Post-Allergan Play
• 'Wellness' Check For Bankruptcy — Confusion Reigns
• AgFeed Creditor Says $2.8M Claim Must Be Paid Now
• GE Capital Urges Consolidation Of Suits Over Petters' Scheme
• MSRB Says Bank Loan Secrecy Harms Bondholders
• Duane Morris Partner Suspended By Fla. Bankruptcy Judge
• Simpson Thacher May Be Haunted By $1.5B Loan Gaffe
• Texas Bill Could Open EFH Unit's Assets To Other Generators
• Exide Unveils Settlement That Could Speed Ch. 11 Exit
• Wells Fargo, Revel Creditors Near Deal Over Ch. 11 Loan
• Delia's Floats $2.5M Stalking Horse Deal For Trademarks
• ATP's $1M Settlement Denied In Gulf Oil Discharge Suit
• Wash. Developer Hit With $1M Atty Fee For 'Abuse' Of Process
• Spyker Overturns Forced Bankruptcy On Appeal
• Nixon Peabody, Mintz Levin Using Barred Defense, Court Told
• Exide Faces New Waste Violations At LA Battery Plant
• New Tool For Holdout Bondholders: The Trust Indenture Act
• Ex-Madoff Aide Slams Feds' 'Godfather' Remark In 2nd Circ.
• Key Questions When Selecting E-Discovery Vendors
• SkyMall Gets OK For Ch. 11 Auction Plan
• Allied Creditors' Claims Against CEO Not Core To Ch. 11
• Trump Resorts Gets OK To Solicit Creditors, $20M Icahn Loan
• Bankrupt Insurer Nears Deal Over $10M Investment Gone Bad
• Court Approval Required For Mediation, Texas Judge Says
• 6th Circ. Yanks Payments To 2nd-Priority Dow Implant Victims
• 3rd Circ. Shuts Down IDT Suit Over $42.5M Winstar Deal
• Revel Casino Wins $400M Tax Assessment Reduction
• FDIC Tells Doral To Boost Capital Or Find A Buyer
• Freedom Exec Again Urges Court To Deny $3M AIG Settlement
• Caesars Wins Forum Fight To Keep Ch. 11 In Chicago
• 2nd Circ.'s Fairfield Decision Will Be Cited With Fervor
• Caesars Venue Fight Will Test Daring Creditor Move
• Powerwave Trustee Sues Ex-Brass In Clawback Suit Blitz
• Caesars Plugs Windy City As Proper Place For Unit's Ch. 11
• Atlantic City Emergency Fix Bad For NJ Cities, Moody's Says
• Judge Won't Move Petters Ponzi Scheme Suit To Fed Court
• Bitcoin Miner CoinTerra Files For Liquidation
• Embattled Aerospace Co. Head Wins Stay Of Shareholder Suit
• Whiteford Taylor Adds Ex-Sidley Austin Bankruptcy Vet
• 6th Circ. Says Paperless Bank Retainer Valid Against FDIC
• Congressman Revives Asbestos Trust Transparency Bill
• Sam Wyly's Ex-Wife Sues For Cut Of Disputed Stock Holdings
• Boeing Must Fork Over Docs In $1.1B Air Force Contract Row
• Caesars' Bankruptcy Plan Already Under Attack?
• Caribbean Resort Lender Fails In Attack On Ch. 11 Plan
• 3rd Circ. OKs Sanctions In Telecom Exec.'s Bankruptcy
• Caesars, Creditors Square Off Over Ch. 11 Venue
• Lehman Brothers Worker Battles For $84M Bonus
• Downey Financial Gets $370M Refund In FDIC Fight: 3rd Circ.
• Networks Largely Approve Of Aereo's Asset Sale Process
• Developers Can't Shake $19M Suit Over 'Looted' Funds
• FDIC Wants High Court To Nix $170M AmFin Tax Refund Row
• Ocwen Rejects Hedge Funds' Bond Default Claims
• Mayer Brown DQ'd From Representing HSBC In MBS Row
• Diamond McCarthy Ex-Partner Can't Escape Texas Court
• IRS Granted $7M Unsecured Claims In AMR Bankrupcty
• Mich. Fights Delphi Workers' Comp Ruling At High Court
• Justices Keep $24M Capeco Insurance Distribution Intact
• AT&T Swings $1.9B Deal To Buy Bankrupt NII's Mexican Biz
• Paine Hamblen Settles Spokane Diocese's Malpractice Suit
• Minority Powerbrokers Q&A: Thompson & Knight's Liggins
• To Err Is Costly: Why 2nd Circ. Enforced Faulty UCC Filing
• Major Caesars Lenders Sue To Block Restructuring Plan
• Ex-Arent Fox Bankruptcy Pro Joins Fox Rothschild In LA
• Garlock Claims Of Dirty Tactics To Renew Transparency Push
• 11th Circ. Upholds Release For FFS Owner In Ch. 11 Plan
• Tory Burch's Ex Steers Clothing Chain Into Ch. 11
• Apollo's Handling Of Caesars Ch. 11 Threatens Presidio Deal
• Moody's Cuts Atlantic City Bond Rating After NJ Takeover
• Aereo Says Broadcasters Are Trying To Stifle Its Asset Sale
• 10th Circ. Ruling Could Deny 'Fresh Start' To Tax Debtors
• SkyMall In-Flight Retailer Crashes Into Ch. 11
• 7 Things For Attys To Watch As Oil Prices Plunge
• Bankruptcy Group Of The Year: Willkie Farr & Gallagher
• Understanding Valuation Of LIHTC Projects: Part 2
• Diamond McCarthy Refutes Ex-Partner's Special Appearance
• Safety Group Fighting For GM's Pre-Bailout Treasury Emails
• Bankruptcy Group Of The Year: Weil Gotshal
• Optim Energy Says Blackstone 'Manufactured' $190M Claim
• Casino's Ch. 11 Court To Weigh Contingent Value Rights
• A Data Security Checklist For Companies Hiring Law Firms
• Exide Judge Open To Narrow Expansion Of Price-Fixing Probe
• Understanding Valuation Of LIHTC Projects: Part 1
• 'Girls Gone Wild' Trustee Accuses Atty Of Fraudulent Transfers
• NHL Fails To Recover $27M From Coyotes Ex-Owner
• Revel Tenants, Utility Told $95M Fire Sale Of Casino Will Go On
• Christie Pushes State Takeover To Fix Atlantic City
• 2nd Circ. Revives Bid To Reopen PlusFunds Bankruptcy
• Life Uniform's Estate Seeks Dismissal To End Ch. 11 Case
• Exide Creditors Want To Expand Lead Price-Fixing Probe
• Florida Can Deny Health License Despite Ch. 11, Judge Says
• Liens Safe After $1.5B Mayer Brown Loan Gaffe Upheld
• Feds Can't Stop Pershing From Dropping Fannie-Freddie Suit
• Fla. Judge OKs Fontainebleau Trustee's Settlement Deal
• Resort Wins Approval Of Ch. 11 Plan, Drawing Bank Ire
• EFH Seeks More Exclusivity Time To Craft Ch. 11 Plan
• Quinn Emanuel Pads Houston Expansion With Susman Hire
• Firms Denied $2.5M Fee Enhancement In Fisker Bankruptcy
• As Oil Prices Drop, Bankruptcy Attys Say Strike Early
• Bankruptcy Group Of The Year: Orrick
• Mobile Ad Co. Hipcricket Hits Ch. 11, Plans $4.5M Sale
• Banks Must Heed The Warnings Of Weidenbenner
• 2nd Circ. Holds JPMorgan To Faulty Mayer Brown Loan Deal
• Bankrupt Mineral Park Gets Nod For $10M Sale
• Bankruptcy Group Of The Year: Kramer Levin
• Wet Seal Gets Interim Thumbs-Up For $20M DIP Loan
• Longview Sets Up Quick Ch. 11 Exit With Deal Approvals
• Garlock Says Attys Told Asbestos Clients To Hide Evidence
• Dewey Exec Gets Bail Refund To Help Foot Defense Costs
• Oil's Plunge Pushes Swedish Driller Toward Liquidation
• Claims Fidelity Broke Deal To Sell $400M In EFH Notes Tossed
• Life Partners Hits Ch. 11, Looks To Skirt $47M Judgment
• Stockton Holdout Can't Stop Ch. 9 Plan During Appeal
• LightSquared Cleared For Voting On Falcone-Backed Plan
• Dinsmore To Merge With Huddleston Bolen, Add 40 Attys
• GPS Cos. Seek End To LightSquared, Harbinger Liability Suits
• Moving The Needle For Prepetition Waiver Permissibility
• Retail FX May Face New Rules, Inspections After Swiss Shock
• Mineral Park Creditors Want Auction, Not $10M Sale
• Top Restructuring Firms Face Off In $10B Caesars Battle
• Boeing Botched Discovery, Russian Satellite Partner Says
• Jones Day Says It Ate $18M In Fees For Detroit Bankruptcy
• 6th Circ. Clarifies Chrysler Dealers' Position In Ch. 11 Deal
• Biofuel Co. KiOR Gets Final Nod For $15M DIP Loan
• GASFRAC Files Ch. 15 In First Cross-Border Oil Price Casualty
• Satellite JV Partner Drops Some Claims In $350M Boeing Suit
• Trump's Unsecured Creditors Settle Doc Fight With Icahn
• CMS Moves To Stop Fla. Nursing Home's Ch. 11 Plan
• Covington, DLA Piper Attys Start Firms In Europe, Middle East
• Lehman Trustee, Barclays Scrap Over $1.2B In Assets
• Commercial Creditors Urge Reversal On Ch. 7 Junior Liens
• Bankruptcy Group Of The Year: Kirkland & Ellis
• Wet Seal Hit With Class Action Over Store Closures
• Leucadia Lends FXCM $300M To Help Firm Stay Afloat
• Top Momentive Bondholders Again Fail In Collateral Suits
• Minn. Archdiocese Files For Ch. 11 Amid Abuse Suits
• 5 Insights From Garden City Group GC Karen Shaer
• Chadbourne Says Stanford Malpractice Suit Is Time-Barred
• Teen Apparel Co. Wet Seal Seeks To Reorganize In Ch. 11
• Caesars Can't Duck Bondholders' Suit Over $155M Refi Deal
• KiOR Seeks Nod For $15M DIP Opposed By Miss. Agency
• Bankruptcy Group Of The Year: Jones Day
• Caesars Ch. 11 Gambit Pits Creditors Against Apollo
• PharmAthene Gets $195M In Final Judgment On SIGA Fight
• RadioShack Faces Cash Deadline, May Soon Hit Bankruptcy
• Seegrid Wins Nod For Ch. 11 Reorganization Plan
• Attys Seek Fees In $27M MF Global Metals Settlement
• Target's Canada Collapse Triggered By Quick Expansion
• Stroock Faces Malpractice Suit Over Ryan Reynolds Film Fight
• Data Center Sues Bitcoin Miner For $5.4M Delinquency
• 'Odd' Proskauer Suit Against OSG Execs Nixed
• Caesars' Voluntary Ch. 11 In Ill. Halted By Del. Judge
• Target Makes Surprise Retreat From Canada
• Navigating Corporate Bankruptcy In The Electronic Age
• Caesars Ch. 11 Kicks Off $10B Restructuring Fight
• Justices Brush Off Cost Worries On Bankruptcy Jurisdiction
• Seegrid Plugs For Ch. 11 Prepack Targeted By Ex-CEO
• $358M Garlock Deal May Shrink Future Asbestos Trust Payouts
• EFH Gets Nod For Revived Plan To Auction Oncor Stake
• TransUnion Bids To Hold Ex-Workers In Contempt In IP Fight
• IRS Says Wyly Widow's Tax Liability Will Far Surpass $280M
• Lyondell Stockholders Battle $12.5B LBO Clawback Suit
• Icahn Slams Trump Unsecured Creditors' Discovery Demands
• American Laser Skincare Reaches Ch. 7 Financing Deal
• HHS Appeals OK Of Nursing Home's Preventative Ch. 11 Plan
• Lehman To Sell $2.5B More In Unsecured Bankruptcy Claims
• Bankruptcy Group Of The Year: Jenner & Block
• 'Girls Gone Wild' Trustee Seeks To Recover Tax Funds
• Trustee Objects To Device Maker's Supply Agreement
• Drivers Challenge Trucking Co.'s Ch. 11 Deal In 3rd Circ.
• A Significant Expansion Of Section 546 In Madoff Ruling
• Caesars Unit Preps Imminent Illinois Ch. 11 After Court OK
• Garlock Strikes $358M Accord With Future Asbestos Claimants
• Kirkland To Rep Kaisa Noteholders After Interest Nonpayment
• Pfizer Dodges Asbestos Suit Over Ex-Unit's Product
• Bankrupt Mineral Park Hit With WARN Suit Over Layoffs
• Revel's Utility Co. Can't Block $95M Ch. 11 Sale
• 11th Circ. Hears Ownership Tussle Over Fisher Island Entity
• Transwest Lender Takes Westin Ch. 11 Plan Feud To 9th Circ.
• Caesars Lenders To Press Chancery Claims Despite Ch. 11
• Franklin Aims To Hold Up Stockton's Ch. 9 Pending Appeal
• 2nd Circ. Affirms Wide Reach For Ch. 15 Courts
• Bankruptcy Group Of The Year: Hughes Hubbard
• Feds Pledge $29M To Aid Displaced NJ Casino Workers
• EFH Aims To Start Auctioning Valuable Oncor Stake In March
• Caesars Hits Resistance From Lenders On Restructuring Plan
• Stuy-Town Juniors Kick $5.4B Loan Fight To State Court
• Minority Powerbrokers Q&A: GrayRobinson's Leyza Blanco
• Seegrid Fights Ex-Exec Over Ch. 11 Restructuring Plan
• Justices To Consider Restoring Ch. 11 Jurisdiction
• Prosecutors To Appeal Madoff Aides' Sentences
• Suntech's US Units Hit Ch. 11 As Part Of Global Reorganization
• Montreal Maine Shells Out $200M To Train Crash Victims
• SEC Cleared To Pursue Wyly Widow In $261M Civil Case
• Bankruptcy Group Of The Year: Cleary Gottlieb
• Dewey Heads Look To Spend $1M On Expert Testimony At Trial
• Ex-Dewey Exec Drops Hughes Hubbard Ahead Of Trial
• The 'I' Of The Storm: Insured V. Insured Is Ambiguous
• CFTC Slams Forex Trader's 'Dangerous' Lehman Claim
• Mid-Continent Not Liable In $63M Homebuilder's Copyright Suit
• Junior Bondholders Try To Force Caesars Bankruptcy
• A Growing List Of Nonassignable Contracts In Bankruptcy
• Fitch Expects Wave Of Defaults For Brazilian Construction Cos.
• Mineral Park $10M Ch. 11 Sale Proposal Put On Fast-Track
• Troutman Sanders Says Bankruptcy Deadline Extension Invalid
• Bankruptcy Group Of The Year: Brown Rudnick
• Trump Ch. 11 Judge To Consider Document Subpoenas
• Ch. 11 Dismissal Doesn't End Fee Dispute, 7th Circ. Says
• Roetzel Atty Jumps To Burr & Forman's Litigation Team
• Reorganized Developer Hits Fla. Law Firm With Contempt Suit
• Squire Patton Boggs Settles Bankruptcy Trustee's Fee Suit
• Caesars Clears Creditor Threshold On $18B Restructuring
• A Lesson On Financial Adviser Engagement Letters
• Law Schools Are (Finally) Teaching 'The Biz' Of Lawyering
• Caesars Rallies Restructuring Plan Backers As Ch. 11 Looms
• KiOR Scraps Auction, Aims For Lender Debt-Equity Swap
• Chartis Says Mexican Bankruptcy Blocks $103M Coverage Suit
• Diamond McCarthy Says Texas' Long Arm Reaches Ex-Partner
• Exide Notches $160M Backstop Pledge From Top Creditors
• Revel Defends $125M Ch. 11 Loan From Creditor Assault
• NJ Appeals Court Frees Hill Wallack From Malpractice Suit
• Chicago Suburb Still Refuses To Cover Bond Default
• Bridgestone To Fork Over Part Of $85M Ohio CERCLA Tab
• San Bernardino Creditors Sue Over CalPERS Payment Plan
• An Illustrative Lesson In Make-Whole Litigation
• Calif. Fixes Timing Problem For Post-Trial Motions
• EFH Judge Says Bar Date Will Be Set For Asbestos Claims
• Bankrupt Deb Stores Gets Nod For Liquidation Deal
• Jeffer Mangels Targets Aramid Deal's Funds For Unpaid Fees
• Simplexity Converts To Ch. 7 After Creditor Deal Gets OK
• King & Spalding Hires Kirkland Financing Partner in NYC
• Wells Fargo Floats Deal To End Revel Creditor Beefs
• Retailer Body Central Says It May Go Into Bankruptcy
• Wet Seal Shutters Majority Of Its Stores, Lays Off 3,700
• Fund Pays Revstone $2M Over Claims It Helped Hide Assets
• EFH Says Bond Trustee Is Using Make-Whole Suit As Leverage
• Trump Resorts Unsecured Creditors Want More Icahn Docs
• Bankrupt Driller WBH Hopeful On Deal With $30M Creditor
• No Representation Without Designation
• PharmAthene Gets $113M Lost Profits Award In SIGA Spat
• Attys Doubt Need For 2nd Trial In EDMC Restructuring Row
• Dairy Co. Launches Spate Of Clawbacks Seeking $3.4M
• Secrets To In-House Cost Control
• Hueston, Hennigan Ditch Irell To Form White Collar Boutique
• Centaur Trustee's Clawback Suit Belongs In Del., Judge Says
• Deb Stores Postpones IP Sale, But Merch Auction Still On
• FDIC, FBOP Agree To Prioritize Tax, Senior Lien Disputes
• Unhappy Caesars Bondholders Find Ally In EDMC Judge
• Owners Of Philly Office Tower Seek Ch. 11 Protection
• Liberty Medical Creditors Push To Sue Brass Over Pay
• Former WaMu Execs Contest $37M Bankruptcy Deal
• EDMC Holdout Has For-Profit Education Lenders Cheering
• Ex-Dewey COO Strikes Deal To Dodge $9.3M Clawback Suit
• Detroit Judge Asks Attys, Others To Defend Fees
• Hostess Insurer Loses Appeal Of Claimant Bar Order
• Baker Botts Adds Ex-Goodwin Procter Partner To NY Office
• EFH Highlights Pitfalls For Large-Enterprise Fiduciaries
• Blaming Broker, Investment Firm NSB Enters Ch. 11
• 2nd Circ. Axes En Banc Bid In $570M Travelers Asbestos Loss
• SemGroup Trustee Challenges Closure Of Ch. 11 Case
• Revel's $95M Sale To Backup Bidder Gets Judge's Nod
• Akin Gump Shakes Ex-Getty Owners' Malpractice Suit
• Swaps Panel Deadlocks On Caesars Default
• EFH Bondholders Press Appeal Of $4B Bankruptcy Deal
• 3 Ex-Wiley Rein Bankruptcy Pros Team Up With Nelson Mullins
• Madoff Victims Seek Testimony From The Man Himself
• NII Pushes Ch. 11 Hearings Back Pending Analyst Report
• UniTek Wins Nod For Prepackaged Ch. 11 Plan
• ArmorWorks Slams Houlihan Lokey's $1M Fees Request
• 'Real Housewives' Star Starts 15-Month Prison Sentence
• Former Dewey GC Grabs Gig As Partner With Hinshaw In NY
• Gibson Dunn Picks Up Singapore-Based Finance Atty
• Device Maker HEI Turns To Ch. 11 For Liquidation Sales
• 12 Building Blocks Of A Digital Law Library
• Exide Unsecured Creditors Say Ch. 11 Plan Won't Fly
• Hedge Funds Say Delphi Is Reneging On $300M Promise
• Longview Strikes Deals That Pave Way For Ch. 11 Exit
• Wells Fargo Foots Atlantic City Casino's $26M Tax Bill
• Judge Splits Fee Responsibility For Tropicana Ch. 11 Case
• Tax Debts On Late Returns Not Dischargeable, 10th Circ. Says
• Lehman Trustee Inks $20M Deal With Pimco
• EDMC Restructuring Unfair To Holdouts, Judge Says
• Deb Stores On Course For Jan. 6 Auction To Determine Fate
• LightSquared Floats $200M Breakup Fee For Plan Proponents
• Judge Rejects Fraud Appeal by Le-Nature's Convicted Ex-CEO
• Bankruptcy Legislation To Watch In 2015
• Bankruptcy Cases To Watch In 2015
• Howrey Trustee Settles With Wiley Rein, Dissolution Panel
• Fla. Nursing Home's Bold Ch. 11 Play Pays Off
• Madoff Aide Alleges 'Deplorable' Gov't Misconduct In Bail Bid
• 2015: Judiciary, Lawyers And Law Schools At The Precipice
• 5 Key Contractual Provisions To Prevent A 'Midnight Raid'
• Mixed Year For Madoff Recovery, Clarity For Private Funds