Bankruptcy Archive » February, 2015

Bankruptcy - February, 2015

287 articles

• Howrey's Trustee Settles With Fulbright & Jaworski
• $118M Rennert Verdict Serves As Costly Cautionary Tale
• SEC's $300M Wyly Judgment Is Only Half The Battle
• Banco Popular Snaps Up Doral In FDIC Failed-Bank Deal
• Skadden Blasts 'Vexatious' Radnor Founder's Fraud Claims
• EFH Junior Noteholders Want $750M Repaid If Fund Feud Ends
• Mid-Continent Must Cover Advertising Damages In IP Row
• Debevoise Lawyer Tapped For NY Bankruptcy Judgeship
• Stan Lee Media Urges High Court To Revive Spider-Man Suit
• RadioShack Gets Approval For $2.4M Lease Sale
• SIFMA Tells 5th Circ. Repose Law Kills FDIC's $2B RMBS Suit
• Rennert Hit With $118M Verdict Over MagCorp Bankruptcy
• Bad Buys Drive Houston Health System Into Bankruptcy
• A Means To Stave Off Medicare Termination
• Phoenix Gets Rival's Claim Capped At $1M In Software Row
• Wyly Brothers Ordered To Pay $299M To SEC In Fraud Case
• Nortel's US Arm Blasts Late Claim From Canadian Workers
• Doral Bank's $229M Tax Award Overturned On Appeal
• Revel Power Plant Urges Ch. 7 Instead Of $82M Sale
• Texas Lawyer Sued For Ethics Violations In Bankruptcy Suit
• 3rd Circ. Keeps Carlyle Investor Battle In Delaware Court
• LightSquared Stockholder Floats Rival Ch. 11 Plan
• Lawmakers Doubt Puerto Rico's Play For Ch. 9 Relief
• ABA Tells 9th Circ. Heller Can't Claw Back Atty Profits
• JPMorgan, Deutsche Ordered To Give Argentine Bond Docs
• OSG Investors Agree To Settle Suit Over $435M Tax Debt
• 2nd Circ. Wary Of CarVal's Quest For Lehman Customer Status
• Fontainebleau Reaches $115M Deal With Resort Investors
• Caesars Juniors Want Kirkland DQ'd Over Sponsor Ties
• Oil Cos. Are Exploring Alternative Investment Financing
• Minority Powerbrokers Q&A: Berger Singerman's Siddiqui
• BofA Pays $300M To End Fontainebleau Lender Suit
• Ex-Dewey Execs, DA Trade Barbs Over Trial Evidence
• RadioShack OK'd For March Auction Led By Standard General
• 3rd Circ. Won't Revisit IDT Suit Over $42.5M Winstar Deal
• SEC Cites 'Misleading' Life Partners Release In Trustee Bid
• Justices Project Uncertainty On Bankruptcy Meta-Fees
• Caesars 2nd-Tier Lenders Fight To Hold Seat At Ch. 11 Table
• 3rd Circ. Won't Revisit Sanctions In Telecom Exec Bankruptcy
• Bankrupt Ambulance Co. Seeks Stay of Medicare FCA Suit
• Fla. General Partners Denied Madoff Loss Coverage
• Bankruptcy-Remote Does Not Mean Bankruptcy-Proof
• RadioShack Provides New Data Point In Credit Bid Debate
• Greed, Luck Blamed As $118M Rennert Looting Trial Wraps
• 3rd Circ. Says Debt Collector's Ch. 11 Deal Not A Settlement
• Fla. Sues Insolvent Insurer's Officers Over Mismanagement
• Disbarred Atty Tells 3rd Circ. He Didn't Steal Clients' Cash
• Full 3rd Circ. Won't Review Deepening Insolvency Ruling
• OSG Wants Law Firms Sanctioned Over Asbestos Suit
• Testy Binder & Binder Judge Rips Banks, OKs New Financing
• West Virginia Rebuffs Patriot's $4.5M Tax Refund Claim
• PREPA Took Kickbacks From Fuel Oil Suppliers, Suit Says
• Yellen Takes Tough Line On Bank 'Living Wills'
• Revel Casino Hotel Scooped Up Once Again — At A Discount
• 'Girls Gone Wild' Trustee Settles With JPMorgan, AmEx
• Deb Stores Gets Nod For $1.1M Lease Sale To Simon Property
• Pensions Are Now On The Restructuring Table, For Real
• Revel Sale's Failure Halts Wells Fargo Deal, Power Plant Says
• Standard General Rejects RadioShack Bid Critics
• HSH Nordbank Says RE Co. Destroyed Docs In $200M Suit
• Manhattan Building's Vexed Buyer Files For Ch. 11
• Ex-Quiznos Execs Can't Skirt Discovery Stay In Investor Row
• Ex-'Girls Gone Wild' Atty, Resort Face $2M In Clawback Suits
• NJ High Court To Mull Bankruptcy-Tainted Atty Fee Payment
• Regulators Push Corinthian's Canada Unit Into Bankruptcy
• High Court Won't Take $9B Verizon-Idearc Spinoff Dispute
• High Court Won't Hear $170M FDIC Tax Refund Fight
• The Lack Of A Clearly Appropriate Cramdown Methodology
• Trump's Fight To Wipe Name Off Bankrupt Casino Is Back On
• EFH Creditors Seek To Sue Citi, BNY Over $25B In LBO Debt
• 11th Circ. Upholds Orders In Miami Property Ownership Row
• Testimony In NML's Argentina Bond Fight Ordered Unsealed
• Scopia Fails To Move Guar Plant Ch. 11 Coverage Row
• Canada's Ivanhoe Falls Victim To Cratering Oil Prices
• Magazine Wholesaler Source Wins Ch. 11 Plan Confirmation
• RadioShack Gets Nod To Auction 1,100 Store Leases
• Ex-Heller Ehrman Client Seeks Third Shot At $20M Claim
• Dendreon Gets OK For Sweetened $495M Sale To Valeant
• Ch. 15 Liquidator Renews Push For Paul Weiss Docs
• 8th. Circ. Says ND Must Return Gambling Taxes To Estate
• Challenging Road Awaits GM's New Top Lawyer
• ATP's Asset Sale And $44M Trust Survive Challenge
• RBS Rate-Rigging Bankrupted Developer, 2nd Circ. Hears
• 2nd Circ. Rejects Time-Based Damages For Madoff Victims
• Auto Dealer Groups Urge 6th Circ. To Rehear Chrysler Ruling
• A Continued Focus On Strategies For Resolving SIFIs
• Software Firm ASG Gets Interim Nod For $40M DIP
• Philips Unit Challenges Insurers' Bid To Audit Asbestos Trust
• Wyly's Payments To Ex Ruled Alimony, Axed From Ch. 11
• 10th Circ. Revives Jack Nicklaus Golf Course Investor Row
• Revel Free To Court Buyers After Judge Nixes Ch. 11 Sale
• EFH Bondholders Fail In Appeal Of $4B Bankruptcy Deal
• Lehman Brothers Creditors Getting $2.2B Payout
• FERC's New Merger Review Proposal And Its Impact
• Caesars Calls For End To Noteholders' Ch. 11 Committee
• RadioShack's Unsecured Creditors Blast Standard General Bid
• Trump Creditors Strike Deal To Support Icahn-Backed Plan
• GM Names New GC To Replace Millikin
• 1st Circ. Says Late Filers Can't Nix Tax Debt In Bankruptcy
• Natrol Estate Floats Ch. 11 Plan Covering All Debts
• PG&E Scores $52M From Energy Crisis Bankruptcy Fund
• Feds Grant 3 Extensions On Bank Failure Plans
• Petropavlovsk Stockholders Counter Creditor Rescue Plan
• Quicksilver Skips Debt Payment, Warns Bankruptcy Possible
• Bankrupt Wet Seal Gets Nod For Auction Process
• Caesars Noteholders Demand Access To Investigation Docs
• EFH Blasts 'Blatantly Improper' Experts In $665M Bond Row
• Software Co. ASG Hits Ch. 11 Aiming To Cut $426M In Debt
• Nixon Peabody, Mintz Levin Seek Exit From Malpractice Row
• Cerberus Fights CDS Cash-Out Claims In RadioShack Ch. 11
• M&T Bank Says It Was Swindled In Auto Parts Maker's Ch. 7
• Rejoice In New York's Revised UCC, But Beware Traps
• RadioShack Creditors Seek Probe Of Ch. 11 Timing
• Lucchese Fraudster Asks NJ Judge To Recuse Himself
• Chrysler Dealers Urge 6th Circ. To Undo Arbitration Ruling
• Lehman Reaches $125M Deal With Bermuda Insurance Unit
• Magazine Wholesaler Source Seeks Nod For Ch. 11 Plan
• Revel Pushes To Scrap $95M Sale Deal And Find Third Suitor
• Citibank Wants To Pay Some Argentine Bonds In Debt Row
• Cayman Bank Seeks Ch. 15 Protection After SEC Freeze
• Guess Co-Founder Can Keep Dispute In Bankruptcy Court
• Mich. Attorney Suspended For Trying To Have Rival Killed
• GM Judge Weighs Bankruptcy Shield Against Defect Suits
• RadioShack Landlords Target Proposed Auction Process
• Execs Of Bankrupt 'Life Of Pi' Effects Studio Accused Of Fraud
• 8th Circ. Says No Yearly Payment Needed For IRA Tax Benefit
• Lewis Brisbois Botched Deal In Worker Row, Restaurant Says
• French Heiresses Must Face $150M Suit Over Madoff Accounts
• Saladworks Hits Ch. 11 Hoping To Find A Buyer
• Foreign Sovereign Debt Restructuring After Argentina
• Caesars Seeks Examiner To Explore Contentious Deals
• Taj Mahal Union Tells 3rd Circ. CBA Wrongly Axed In Ch. 11
• Detroit's Bankruptcy Judge Set To Retire
• Investors Eye Friendlier Turf For European Workouts
• Citigroup, Goldman, UBS Pay $235M To End MBS Class Action
• Eneva Files Bankruptcy Protection Plan After Debt Default
• Ocean Shipping Co. Hits Chapter 11 After Ship Seizures
• A&P Off The Hook For Unpaid Rent, 2nd Circ. Says
• EFH Aims To Save By Paying Off $750M In Junior Notes
• Arnstein & Lehr Adds Veteran Litigator In Tampa Office
• Packaging Co. Hedwin Settles Pension Claims For $7.5M
• Revstone Creditors Aim To Ax $85M Ascalon Claims
• RadioShack Bankruptcy To Have Unique Effects On Landlords
• Fox Rothschild Picks Up Ex-Edwards Wildman Bankruptcy Pro
• Wet Seal Floats Ch. 11 Restructuring Plan
• Tire Recycling Giant Liberty Strikes Restructuring Deal
• RadioShack Looks To Move Fast On Lease Auction
• Make-Wholes Not Catching On After Momentive, Attys Say
• Trustee Moves To Wipe Out Bankrupt Biotech Co.
• Fla. Mall Site Set For Sale After Bankruptcy Conversion Denied
• Dentons Snags Mayer Brown Partner For NY Office
• Landlord Challenges Proposed C. Wonder Lease Sale
• Oil Slowdown Won't Stop Enviro Fights Over Eagle Ford
• Jones Day's $58M Fee In Detroit Bankruptcy Cleared By Judge
• 9th Circ. Says Approval Of $22M Yellowstone Claim Stands
• Christian Retailer Hits Chapter 11 After Sales Slump
• Why An Underfunded Spinoff Is A Bad Idea
• GTAT, Creditors Fail 2nd Attempt At Exec Bonuses
• Battle Over Future Of Bankrupt Fla. Malls Looms
• Eagle Ford Attys Gear Up For Gush Of Lease Disputes
• Crumbs' Bankruptcy Buyer Puts End To Brand Licensing Row
• Colt Defense Secures $33M Loan As Possible Default Looms
• Binder & Binder Says It Needs $6M To Avoid Liquidation
• Yucaipa Slams Allied Creditors With $175M RICO Action
• Revel Judge Won't Extend Deadline To Close $95M Sale
• Trump Casino Inks $10M Deal To End Anti-Laundering Claims
• Puerto Rico's Congressman Bullish On Ch. 9 Reform
• Morgan Lewis Bankruptcy Co-Chair Returns To Bench
• A 'Narrow' Decision That Has Caused Jurisdictional Mayhem
• Cincinnati Off Hook For $9.7M Claim In Yellowstone Row
• GCs Name Best Of The Best Attorneys
• CFPB Goes For Morgan Drexen's Jugular Over Fabricated Docs
• RadioShack Asks Ch. 11 Judge To OK $3M In Worker Bonuses
• Dendreon Takes $400M Valeant Bid, Nixes Ch. 11 Auction
• Trump Entertainment Unsecured Creditors Fight To Sue Icahn
• EFH Gets Exclusivity Extension, Will Outline New Ch. 11 Plan
• 5 Firms Boast The Most Client-Savvy Attorneys
• LightSquared Unveils New $210M Bankruptcy Financing Deal
• RadioShack Landlords May Dodge Losses Amid Bankruptcy
• MagCorp Ch. 7 Judge Rejects Rennert's Trial 'Ploy'
• Sinking Oil Prices Drive Fresh Legal Work In Eagle Ford
• GCs Give Top Marks To 7 Standout Associates
• GCs Name Cream Of The Crop Litigators
• Revel Casino's $95M Sale Falling Apart
• Del. Confirms Robust D&O Protection Despite Co. Demise
• Skadden Hit With Bid For Fraud Sanctions By Radnor Founder
• Bankrupt Longview Reaches $22M Deal To Upgrade Coal Plant
• MF Global Trustee Can Keep Audit Docs Under Wrap
• Popcorn Lung Coverage Row Stays In Bankruptcy Court
• Death Of Debt Law Divides Puerto Rico Investors
• RadioShack Gets Nod For $10M Interim DIP Draw
• Endeavour Says Oil Price Drop Throws Prepack Into Doubt
• $95.4M Revel Sale Likely Doomed Amid Deadline Impasse
• Max Petroleum Seeks Debt Deal, Investment To Stay Afloat
• Caesars' Skipped Payment Not A Default, Swaps Panel Rules
• Chrysler Says 3 States Can't Stop $50M Tax Clawback
• Meningitis Outbreak Suits Centralized In Massachusetts
• 5th Circ. Finds Atty Who Didn't Pay Fine Deserves Contempt
• Ill. Firm Facing $70M Malpractice Suit By Keywell Trustee
• Madoff Trustee's Latest Payout Pushes Recovery Past $7B
• Harbinger Renews Attack On $1.7B LightSquared Guaranty
• Oil Field Co. Exec. Settles SEC Row Over $100M Fraud
• GM Delays Exit Of Embattled General Counsel
• Altegrity Hits Ch. 11 After State-Sponsored Cyberattack
• What Nondefaulting Parties Can Do In Energy Bankruptcies
• Puerto Rico Bondholders Shoot Down Restructuring Law
• Caesars Swaps Case Tests Investors' Sway
• RadioShack Pushes Quick Sale, Pledges Open Auction
• Trump Resorts, Icahn Blast Unsecured Creditors' Bid To Sue
• Detroit Says County's Real Estate Claim Came Too Late
• Corporate Defaults Have Skyrocketed In 2015, S&P Finds
• RadioShack's Unusual Deal With Sprint Unlikely To Save It
• $95M Revel Sale Uncertain After 3rd Circ.'s Partial Stay
• Ex-Cable Co. CEO Takes $14M Tax Fight To High Court
• Megachurch Founder Asks Top Court To Resurrect $5M Claim
• AmFin Urges High Court To Step Into $170M Fight With FDIC
• Judge OKs ATP's Settlement Over Deepwater Drilling Claims
• Are Secured Claim Purchasers Under Attack?
• Stockton Bankruptcy Plan OK'd Despite Holdout
• Bankrupt Wet Seal Gets Nod For $25M DIP Package
• Mid-Continent Tells 5th Circ. Houses Weren't Ads In IP Suit
• 3rd Circ. Denies Disney Rights To Broad 3-D Patent License
• JPMorgan Says Enforcing Simpson Thacher Gaffe 'Seismic'
• Hilton, PepsiCo. Tapped For Caesars Creditors Committee
• GPS Cos. Duck $2B Harbinger Suit; Can't Shake LightSquared
• 4th Circ. Boots Ex-Taylor Bean Exec's 30-Yr Sentence Appeal
• AUO, Circuit City Settle LCD Price-Fixing Dispute
• Saratoga Battles To Stay Afloat After $9M Default
• Bankrupt Dendreon Taps Valeant As $400M Stalking Horse
• GE Capital Can't Merge Suits Over $3.6B Petters Ponzi Plot
• New EFH Ch.11 Period Gets Tax-Conscious Creditors' Support
• RadioShack Succumbs To Ch. 11 With Plan To Sell Stores
• 2nd Circ. Affirms Bankruptcy Court Can Impose Sanctions
• Revel Wins Reprieve From Threatened Power Cutoff
• THQ Execs Erase Shareholder Suit Over UDraw Sales
• IRS Won't Follow Tax Court Partnership Bankruptcy Rulings
• Out-Of-Court Restructuring Faces New Burdens In SDNY
• ResCap Trust Demands $350M In Coverage From Insurers
• Howrey's Former Vice Chair Settles With Bankruptcy Trustee
• Asbestos Attys Face Off At Hearing Over Claims Transparency
• Clothing Chain Cache Hits Ch. 11 For Possible Liquidation
• Vivaro Ch. 11 Judge Trims $50M Leucadia Clawback Suit
• Caesars Brings On Ex-Hertz Head As CEO Steps Down
• Exide Gets Nod For Ch. 11 Reorganization Plan Disclosure
• Wet Seal Scores Improved DIP With $5M Added To $20M Loan
• Nat'l Union Shakes Developer's Bid For $1M Excess Coverage
• JPMorgan Says Bankruptcy Kills $3.7B Petters Ponzi Suit
• US Bank Reaches $18M CFTC Deal For Peregrine Victims
• Swaps Panel Weighs Briefs On $1.7B Caesars CDS Question
• FDIC Settles Fight Over $30M In Imperial Capital Bankruptcy
• Mt. Gox Parent Follows Bitcoin Exchange Into Ch. 15
• AMR, EPA Strike Deal Over $39M Superfund Claim
• Minority Powerbrokers Q&A: Sedgwick's Catalina Sugayan
• Avoid Spoliation Anxiety With Litigation Readiness Plans
• Refining The Tools For Rehabilitating Distressed Cos.
• Caesars Lures Wal-Mart Pro For Anti-Money-Laundering Role
• WaMu Trust Defeats Challenge To Ch. 11 Warrant Deal
• UBS, Others Can't Nix ResCap Suits Over Bad Mortgage Loans
• Trump Casino Union Files 27 NLRB Charges Amid Ch. 11 Fight
• Widow Says GM Hid Evidence In Crash Case, Wants 'Do-Over'
• Altegrity Strikes Creditor Pact On $700M Restructuring
• U.S. Appeal of Fla. Nursing Home's Ch. 11 Plan Lives On
• US Tells ATP Ch. 7 Judge To Ignore Objections, OK Deal
• Law Profs Ask High Court To Nix Baker Botts Bankruptcy Fees
• Revel Wants Utility Sanctioned For Cut-Off Threat
• Rennert Attys Open Defense Of $118M MagCorp Payouts
• Guess Co-Founder Tries To Keep Dispute In Bankruptcy Court
• Deals Rumor Mill: RadioShack, AT&T, Staples
• Bankruptcy Fears Rise As Lucas Energy Defaults On $7M Loan
• Brown Rudnick, Others Renew Bid For $2.5M Fisker Fee Hike
• Big Banks $500B Short Of Global Capital Proposal, S&P Says
• Suzuki Wants Suit Over GM Compact Car Fires Doused
• 5 Tips For Lasting Law Firm Success
• Fighting For A Prefiling RSA Can Hurt Your Credibility
• MagCorp Trustee Kicks Off $118M Rennert Looting Trial
• Wyly Judge Won't Revisit $175M Alternate Payout In SEC Case
• NJ Atty Owes Stolen Funds In Bankruptcy, 3rd Circ. Hears
• Towergate Creditors To Take Over In $1.5B Restructuring Pact
• NYSE To Delist RadioShack After Lenders Claim Default
• NLRB Supports Taj Mahal Workers In Ch. 11 Contract Fight
• Deals Rumor Mill: Verizon, Clear Channel, RadioShack
• NJ Bankruptcy Judge Hangs Up Robes For Cole Schotz
• Judge Keeps Most Of IEAM Clawback Suit Alive
• $195M Attys' Fees OK'd In LBO Collusion Settlement
• Trucking Cos. Fight Certification Bid In Parts Monopoly Row
• Caesars Backs Ch. 11 Examiner To Scrutinize Asset Deals
• The Treatment Of Pension Claims In UK Insolvency Process