Bankruptcy Archive » March, 2015

Bankruptcy - March, 2015

307 articles

• GT Strikes Deal For $45M Ch. 11 Asset Sale
• Pair Of Real Estate Execs Readying $88M Rival Bid For Revel
• Puerto Rico Looks To Tax Reform As Debt Savior
• Bankrupt Hipcricket Gets OK For Expedited Plan Process
• Deal To Keep RadioShack Alive Wins Bankruptcy Court OK
• NII Speeds Toward Ch. 11 Trial As Judge Refuses Mediation
• Christie Administration Extends Atlantic City Loan Agreement
• O'Melveny Rate Hike Irks Feds In Cal Dive Ch. 11
• Exide Investors Seek Class Cert. In Enviro Issues Suit
• Baupost Pushes For OK On Bargain-Basement Madoff Claim
• Freedom Industries Agrees To Elk River Spill Cleanup Plan
• Rising Star: Brown Rudnick's Sunni Beville
• Dewey Execs Can Tell Jury They Expected Firm To Recover
• Navigating Bankruptcy Remand Contrasts In 2nd, 9th Circs.
• Rising Star: Akin Gump's Arik Preis
• Mid-Continent Says Magistrate Erred In $63M Coverage Fight
• How The Dewey Execs Found Themselves Facing Prison
• RadioShack Judge Urges Peace As Sale Fight Enters 3rd Day
• Unsecured Creditors On Short End In Altegrity's Ch. 11 Plan
• The 2015 Rising Stars, By Firm
• Claims Gutted In Harbinger Investor Row Over LightSquared
• 9th Circ. Bankruptcy Panel Finds Tuition Credits Dischargeable
• EFH Bond Ruling Offers Costly Lesson For Creditors
• Tackling Employment Contract Issues In Bankruptcy
• Mediation And The Thorny Issue Of Settlement Authority
• 'Hypothetical Test' Takeaways From Trump Entertainment
• Exide Wins Nod For Ch. 11 Plan To Slash Debt By $600M
• SkyMall Clinches $1.9M Asset Sale To C&A
• Exide's $133M No-Prosecute Deal OK'd In Pollution Row
• Landowner Appeals 'Bad Faith' NJ Land Deal To High Court
• Hedging Contango In The Energy Sector
• Salus To Make New Bid For RadioShack In Surprise Move
• Revel Casino Takes Another Stab At $82M Ch. 11 Sale
• Winston's 2 New Ex-Pillsbury Partners Bring Poach Total To 15
• Law360 Names Top Attorneys Under 40
• A Closer Look At Madoff Victims' PwC, Citco Suit
• What Experts Can Say About Inadmissible Facts During Trial
• Brazil Construction Co. Galvao Seeks Bankruptcy
• Salus Calls RadioShack Auction 'Sham' In Ch. 11 Sale Brawl
• Madoff Trustee Evades Sanctions Over Clawback Claim
• EFH Judge Rules Against Bondholders In Make-Whole Fight
• State AGs Keep Eye On RadioShack Customers' Personal Data
• Moody's Says Default Still Possible For Atlantic City
• Former Dolan Co. Execs Sidestep Class Action Over BofA
• LightSquared Wins Approval To Exit Marathon Ch. 11
• The Difficulties In LIHTC Loan Sales
• Watchdog Eyes Fees In $275M Standard Register Ch. 11 Sale
• Karmaloop Gets Interim Nod For $31M DIP Package
• Ex-Watergate Atty Gets Nod As Caesars Bankruptcy Examiner
• 9th Circ. Denies IRS En Banc Review Of Lavish Spending Case
• Morgan Stanley, RBS Stuck With FDIC's United Western Suit
• FDIC's $140M RMBS Suit Time-Barred Under High Court Ruling
• MF Global Trustee Floats $461M General Creditor Payout
• Ergen Makes Peace With LightSquared's Ch. 11 Exit
• States Bypass Congress On Asbestos Bankruptcy Overhaul
• Salus Demands Hearing On Its 'Superior' RadioShack Bid
• EMIR's Effectiveness Is Doubtful
• NJ Judge Shoots Down Lucchese Fraudster's Recusal Request
• Ocwen Announces Delisting Threat Amid Delayed 2014 Report
• Atlantic City Manager Rules Out Bankruptcy For $101M Deficit
• Bankrupt Ski Club Founder On Hook For $56M In Back Taxes
• Pillsbury Snags Bankruptcy Pro Who Repped Howrey Partners
• RadioShack Refutes Watchdog Scrutiny Over Ch. 11 Advisers
• NII Slams 'Johnny Come Lately' Bondholder Objection
• Ex-BlueHippo CEO To Rebut 2nd Circ. On Contempt Damages
• K&L Gates Wants Out Of Oil Co. Client's Securities Action
• Justices Worry About Ripple Effects Of Ch. 7 Lien-Stripping
• 7th Circ. Title Policy Ruling Brings Risks For Lenders
• Defunct Contractor Sues DOD Over Afghan Contract Changes
• Conticorp Faces $191M Judgment Over 'Worthless' Shares
• Attys Want 33% Slice Of $1M Pie In PolyMedix Stock Suit
• Ex-Dewey Partner Settles $1M Clawback Fight
• Mid-Continent Can't Get Texas High Court's Input In IP Row
• Hipcricket Floats Ch. 11 Plan To Consummate ESW Deal
• Beware Attorney Charging Liens On California Real Property
• Karmaloop Hits Ch. 11 With Kanye West As Rumored Suitor
• BNP, HSBC, RBS Need To Improve 'Living Wills,' Fed Says
• Freedom Industries Pleads Guilty Over W.Va. Chemical Spill
• Rothstein Feeder Fund Settles Claims It Lied For Insurance
• Chartis May Be On Hook For Part Of $26M Merrick Loss
• Trustee's $93M Deal Pushes Madoff Recovery To $10.6B
• Battle Lines Drawn On Drastic Puerto Rico Debt Option
• Liberty Reaches Deals To Exit Sprawling Meningitis Row
• Revel Creditors Oppose Rush To Renewed Straub Deal
• Revstone Gets Nod For Ch. 11 Plan Confirmation
• Feds Float Storied Litigator For Caesars Ch. 11 Examiner
• NII Secures $350M Ch. 11 Loan As Creditor Battle Looms
• A Brief History Of Subordination And Recharacterization
• Citigroup Gets Judge's OK On Argentina Bond Payments
• The Law360 400
• Litigation Firms Make Cuts Amid Work Slowdown
• Is MegaLaw Just Big Enough To Fail?
• Law360 Reveals 400 Largest US Firms
• Universal Health Care Settles WARN Act Claims
• Ex-Radnor CEO Can't Sue Skadden Until Appeal Over
• Hellas Liquidators Want Foreign Laws In $1.1B Clawback Suit
• UK Banks Struggle With FCA 'Presumption Of Responsibility'
• Bahraini Bank Funds Seek Ch. 15 Relief For Liquidation
• Software Co. ASG's Ch. 11 Plan Draws Fire From Trustee
• Israeli Bank's $90M Ch. 11 Lien Survives Creditor Attack
• Duane Morris Dodges Sanctions In Fla. Mall Bankruptcy
• Litigation Or Estimation? A Bankruptcy Court Tutorial
• 5 Insights From Avon General Counsel Jeff Benjamin
• RadioShack Heads To Auction With Slimmer Stalking Hose
• Quicksilver Can Fund Ch. 11 With Lender Cash For Now
• American Spectrum Attys Duck Fines For Surprise Ch. 11
• Cab Co. Skids Into Ch. 11 On Atty's $26M Injury Verdict
• NY Atty Admits To Forging Bankruptcy Judge's Signature
• Reed Smith Grows In Singapore With Ex-GC, DLA Piper Atty
• Spanish Bank Falls After Country Denies Bailout Option
• Madoff Investors Ask For Probe Of Picard Over SIPC Insurance
• Top NJ Sen. Blasts Gov.'s AC Moves As Moody's Eyes 7 Cities
• Optim Floats $355M Plant Sale Or Turnover To Exit Ch. 11
• Encore Capital Unit Pays $38M For Bankrupt Fla. Mall Property
• A Test For The Banking Recovery And Resolution Directive
• Oracle Follows Texas City In Exide Bankruptcy Objections
• Exide Expects To Face Challenges To Ch. 11 Plan
• Wet Seal Gets Nod For $20M DIP From Auction Winner Versa
• Sam Wyly Seeks Court OK To Sell $50M Colo. Ranch
• Oak Rock Investors Want Sidley DQ'd In $100M Fraud Row
• Construction Co. Shareholders On Hook For IRS Debts
• Caesars Loses Bid To Nix Bondholders' Chancery Suit
• Social Services Provider FEGS To Close Up Shop In Ch. 11
• Alternative Energy Co. USASF Hits Ch. 11 With Sale Plans
• NJ Judge Not Biased In Lucchese Fraudster's Case, US Says
• Salus Hits Hedge Funds For $129M RadioShack Payback
• 47 Ex-Howrey Partners Give Up $6M Claims In Clawback Deal
• Insurers Should Learn From CoOportunity Health Collapse
• An Ongoing Tax Refund Saga For Bank Holding Companies
• Ergen Cash-Out Paves Way For LightSquared Ch. 11 Exit
• Madoff Trustee Asks High Court To Hear Clawback Battle
• OPINION: Not All That Is Public Should Be Publicized
• Credit Suisse Sues Canadian Oil Co. Over $128M Loan Default
• Cerebus, Solus Bid For Ergen's LightSquared Debt
• Quicksilver Hits Ch. 11 Seeking To Lighten $2.3B Debt
• Bankrupt KiOR Seeks To Nix Miss. Agency's $78M Claim
• Commerzbank Unit Pays Nearly $1M To Exit MF Global Case
• Greenberg Bolsters Chicago Team With Two Ex-K&L Partners
• Sabine Oil & Gas Hires Kirkland As Restructuring Counsel
• JPMorgan Wins Referral Of Petters Suit To Bankruptcy Court
• Rare Earth Giant Molycorp Says It May Fail
• Signal Says Bankruptcy Likely Before Next Trafficking Trial
• Citibank To Exit Argentina Custody Business Under Pressure
• Protecting O&G Security Interests — Lessons From SemCrude
• Renco Penalty In MagCorp Bankruptcy Row Rises To $213M
• Adelphia's Creditors Lose Second Bid At $149M Clawback
• Drillers Wary Of Decommission Regs As Oil Prices Fall
• Up The Irish: St. Paddy's Is For Celebrating Pro Bono, Too
• Longview Gets OK For Peaceful Ch. 11 Exit Plan
• Exide To Spend $4M To Curb Air Pollution At Lead Plant
• EFH Bond Trustee Sues To Control Interest Payouts
• Altegrity Gets Nod For $90M DIP And Debt-Cutting Plan
• Oil Co. Bankruptcies Could Prime Deal-Making Pump
• GTAT Bondholders Top TPG In Ch. 11 Loan Competition
• Citi Attempt At $2.3B Argentina Bond Payout Denied Again
• Mid-Continent Should Face $63M Coverage Row, Judge Says
• Doral Eyeing Puerto Rico Gov't For Ch. 11 Recoveries
• FirstPay Trustee Takes $28M Tax Row To High Court
• 6th Circ. Refuses To Revisit Chrysler Preemption Ruling
• Santander To Face Ponzi Scheme Claims In Bankruptcy Court
• Meridian Ditches Claims In Madoff Feeder Fund Suit
• LightSquared Brings Objectors On Board With Ch. 11 Plan
• Spanish Bank Closes Up Shop After US Treasury Investigation
• Real Estate Rumor Mill: Blackstone, Kaisa, Capital One
• Caesars Venue Decision Sets Important Precedent
• EFH, Noteholders Continue Make-Whole Row Over $4B Deal
• New Opponent Emerges To $4.35B NII Restructuring
• Fla. Appeals Court Releases Insurance Head From Testifying
• Versa Beats Out $25M Bid To Win Wet Seal's Ch. 11 Auction
• Standard Register Gets Interim Nod For $155M DIP Package
• Bankrupt Caribbean Resort's $40M Deal With Lender OK'd
• Chassis Maker Wins Interim OK For $250M In Ch. 11 Loans
• Madoff Investors Get Deja Vu As PwC Challenges Class Cert.
• McDermott Fights Stay In Bankrupt Scrapbook Co. Row
• Wyly Brothers Cry Foul Over $300M SEC Judgment
• Dewey Execs Aim To Curb Email, Backdating Evidence At Trial
• Troubled Gun Maker Colt Pulls Trigger On Restructuring Firm
• 7th Circ. Denies Lender Coverage For Development Liens
• RadioShack Creditors Demand Access In Officer Probe
• Revel Judge Won't Approve $82M Sale To Straub's Firm
• 5 Insights From Dish General Counsel Stanton Dodge
• Proposed Chapter 11 Reforms May Be Bad For Borrowers
• Dems Propose Bill Allowing Student Debt Discharges
• Trump Resorts Gets Nod For Plan Handing Taj Mahal To Icahn
• $82M Revel Sale Ruling Delayed Over Jurisdictional Issues
• Trustee Says Troutman Sanders Can't Escape Bankruptcy Suit
• Malibu Golf Club Owners File For Ch. 11 Protection
• RadioShack Gets Nod For $285M DIP Financing
• Insurer Says Fla. Law Firm Not Covered In Contempt Suit
• Citibank Can't Hand Over $2.3B In Argentine Bond Payments
• Exide To Close Plant, Pay $50M To End Pollution Row
• High-Profile Retail Closings Haven't Shaken Debt Lenders
• Auto Supplier Chassix Files For Ch. 11
• Lehman Fights For Stake In $63M Foreclosed Hotel Loan
• Standard Register Hits Ch. 11 With Plans For $275M Sale
• How Bankruptcy Firms Stay Afloat During Ch. 11 Slump
• Caesars Fights To Halt Creditor Suits Against Parent
• Chrysler Defective Brake Suit Moved To Bankruptcy Court
• Puerto Rico's Doral Hits Ch. 11 Following Bank Seizure
• OPINION: Beyond The 'Grow Or Die' Law Firm Model
• IFM Pays $5.7B For Bankrupt Indiana Toll Road Operator
• Mining Co. Allied Nevada Gets Interim Nod For $78M DIP
• Sedgwick Settles MedCap Malpractice Case Over $1B Scheme
• Judge Won't Vacate Skadden Fee Order In Radnor Ch. 11
• Bankrupt Variant Wins OK For $275M Property Deal
• AgFeed Trustee Must Pay $2.8M Claim Despite Hormel Suit
• Insurer Says Exide Plan Effectively Ignores $3B Liability
• What To Make Of Tobacco Bond Defaults And Restructurings
• New Bankruptcy Filings Fell Sharply In 2014
• Creditors Slam Altegrity's $700M Restructuring Agreement
• Aereo Wins Approval Of Meager Ch. 11 Asset Sales
• Life Partners Needs Ch. 11 Trustee, Judge Says
• Hipcricket Allowed To Stick With ESW Ch. 11 Sale Offer
• Freddie Mac Grows $1.3B Taylor Bean Suit Against Deloitte
• Phoenix Payment Systems Wins Nod For Chapter 11 Plan
• Some Pension Promises May Be Too Strong To Break
• 8th Circ. Yanks Polaroid IP Liens From Petters Lender
• Obama Considers Making Student Debt Easier To Discharge
• EFH Gets OK To Pay Down $750M Worth Of Junior Notes
• Judge Tosses Ch. 11 Bids From Philly Office Tower Investors
• Law360 Bankruptcy Editorial Advisory Board
• Solus Springs $589M Equity Play In LightSquared Trial
• Nev. Miner Allied Falls Into Ch. 11 After Drop In Gold Prices
• $55M Trust In Play For Wis. Priest Abuse Victims: 7th Circ.
• Anderson News Fights To Keep Antitrust Suit Alive
• Driller BPZ Files For Ch. 11, Citing $275M In Debt
• Aereo's Antitrust Suit Slams Networks' 'Baseless' Litigation
• LightSquared Begins Ch. 11 Trial With $400M Surprise
• SITO Plans Suit If Hipcricket Sticks With Rival Ch. 11 Bid
• Ex-Stanford Workers Can't Force Arbitration, SEC Tells Court
• TPG, Apax Fail In 2nd Attack On $1.1B Hellas Clawback Action
• Belluck & Fox Can't Move Garlock Asbestos Suit To NY
• Dune Energy Hits Ch. 11 After Failed Merger
• UK's Towergate Seeks Ch. 15 Relief Amid $1.6B Workout
• Cozen O'Connor Nabs Herrick Feinstein Bankruptcy Atty
• Trump Casino Operator Strikes Deal With Trump Over Names
• Thelen Trustee Reaches Deal With Holdout Ex-Partners
• Justices Asked To Eye Late Tax Returns' Bankruptcy Status
• Dish Chair Seeks Late Appeal As LightSquared Trial Looms
• Oil Services Firm Cal Dive Gets Interim Nod For $120M DIP
• USDA Slips Subcontractor's $10M Payment Claim In Fed. Circ.
• Creditors Get Wake-Up Call On Involuntary Bankruptcies
• HipCricket Suitor SITO Outbid By ESW Capital In Ch. 11 Sale
• LightSquared's Ch. 11 Exit Depends On The Unknowable
• Trump Taj Mahal's $10M FinCEN Deal Moves Forward
• Rennert Ordered To Trial In $97M RG Steel Pension Fight
• Hogan Lovells Adds Finance Partner To New York Office
• Bankrupt Deb Stores Gets Nod To Sell IP In $2.2M Deal
• NII Holdouts Make Peace With $4.35B Restructuring
• The Importance Of Making Fact-Based Arguments
• Trump Resorts Seeks $6.5M DIP Boost To Cover AC Tax Bill
• Saladworks Plan For Ch. 11 Sale Draws Creditor Flak
• DA Defends Handling Of Dewey Exec's Testimony
• Bankrupt Variant Seeks Nod For $275M Real Estate Sale
• Endeavour Lenders Want $440M Lien Probe Halted
• NML Capital Loses Bid For Argentina Space Contracts
• Mich. Asks 6th Circ. To Revisit State Chrysler Dealerships Law
• Caesars Bond Trustee Sues To Enforce $750M Guarantee
• Mixed Judgments In Reality TV Star's $15M Licensing Row
• Picard Pushes $54M Clawback Suit Against Madoff Pal
• Law Firm Tensions Mount In Africa — What Does It Mean?
• GM Case Highlights Thorny Due Process, Bankruptcy Issues
• 5th Circ. Lifts Fine On 'No Money Down' Bankruptcy Attys
• Trump Resorts Tells 3rd Circ. Axing CBA Was Legal
• Revel Rivals Get One Week to Beat Straub's $82M Sale Bid
• Caesars Can't Scratch Noteholder Committee, Judge Rules
• RadioShack Gets Nod To Pay Up To $2.5M In Exec Bonuses
• LightSquared Judge Says No More Delays To Ch. 11 Trial
• Rennert Missed Chance For Mistrial Over $118M Verdict: Judge
• Fla. Judge Says Bankrupt Developer Can't Discharge Debt
• Getty Petroleum Reaches $170M Claim Deal With REIT
• Lehman Settles Bond Swap Fight Over Giants Stadium
• Madoff Investors Win Class Cert. In Suit Against PwC, Citco
• Split 9th Circ. Won't Let FDIC Flout Failed Bank's Contracts
• SEC Fights SkyMall Assets Sale, Citing Investigation
• Hellas Backers Want 2nd Shot At Safe-Harbor Defense
• Spotlight On Puerto Rico's Evolving Municipal Landscape
• Pipeline Co. Cal Dive Files For Ch. 11
• Bankrupt Clothier Cache Wins Nod For $18M Liquidation Deal
• Paul Weiss Rips Med. Co. Liquidator Push For Privileged Docs
• EFH Wants Creditors Blocked From Targeting LBO Debt
• American Eagle Energy Skips $10M Due On $175M In Bonds
• Canyon Ranch Soothes Condo Owners' Ch. 11 Complaints
• Judge In $2.3B Argentina Bond Spat Mulls Citi Injunction
• Caesars Outlines Plan To Cut $10B In Debt
• GTAT Seeks Approval For $100M DIP Financing
• Burr & Forman Grows Nashville Office With Bankruptcy Pro
• Ocwen Taps Turnaround Advisers After Latest Losses
• Revstone Makes Final Push For Ch. 11 Plan Confirmation
• Suntech Reaches Ch. 15 Antitrust Deal With Solyndra Trust
• JPMorgan To Pay $50M In US Trustee Robo-Signing Settlement
• Sounding The D&O Liability Alarm For Health Nonprofits
• The Donald Thinks Trump Resorts Too Slow On Driveway Lease
• NY School District Can't Revive Insurance Suit At 2nd Circ.
• TelexFree Scheme Took In $1B From 1.9M Investors: Trustee
• Bankrupt Deb Stores Reaches Rent Pact With Simon Property
• Driller BPZ Skips $62M Payment With Eye To Restructuring
• Banks Can't Move Bankruptcy Debt Reporting Actions
• Kirkland & Ellis Denies Conflicts In Caesars Retention
• NJ Court Axes Real Estate Investors' Suing Individually
• Client Sues Texas Firm Over Missed $3M Judgment Payout
• Trustee Targets $3M Bonus Package For RadioShack Brass
• Deka Snaps Up German Hotel In Record $177M Deal
• Aereo Outlines Repayment Plan After Feeble Ch. 11 Sale
• St. Louis Chain Says Broke Franchisee Can't Use Trademarks
• Glacial Energy Looks To Ch. 7 As Funds Dry Up
• A New Target For Distressed Investors