Bankruptcy Archive » July, 2015

Bankruptcy - July, 2015

311 articles

• Bahamanian Judge Delays $3.5B Baha Mar Liquidator Hearing
• Upstream-Downstream Tiff Over Bankrupt Oil Middleman Ends
• Tribe Urges High Court To Pass On Ex-Contractor's Suit
• Unsecured Creditors Push Boomerang To Nix Ch. 11 Plan Pact
• Legacy Wants $213M Madoff Trustee Suit Dismantled
• Judge Skeptical Of "Aggressive" Relativity Media Sale Plan
• Bryan Cave Hit With Malpractice Claim Over Hotel Loan
• The Dewey Trial Report: Broken Promises And Bottom Lines
• 'Housewives' Star Shifts Suit Against Bankruptcy Atty To NJ
• CAT Wants Equipment Back From Defunct Miner Allied Nevada
• EFH Gets OK To Set December Deadline For Asbestos Claims
• Troubled UK Oil Producer Heads Into Administration
• 7 Keys To Improving Your Direct Examination
• Simpson Thacher, JPMorgan Sued Over $1.5 Billion GM Loan
• Walnut Creek Continues Fight Against Optim's Ch. 11 Plan
• Life Partners Creditors Deride CEO's Call To Pull Trustee
• Bankrupt Deb Stores Launches $10M Clawback Campaign
• Dewey Stiffed Atty On Repayment Of Capital Loan, Jury Hears
• Relativity Media Files For Bankruptcy, Eyes Quick Sale
• Lenders Refused Confidential Docs Behind $9B ResCap Deal
• Bankruptcy Partner Leaves Skadden For Honigman
• Ex-LightSquared CEO Loses Appeal Challenging Ch. 11 Plan
• Lessons From 5th Circ. Application Of Scienter Standard
• Caesars Can't Appeal Pivotal Ruling To 7th Circ.
• PwC, Standard Chartered Can't Slip All Madoff Claims
• Saladworks Stakeholders Blast Ch.11 Disclosure Statement
• $7B Nortel Liquidation Row Unripe For 3rd Circ., Judge Says
• Philly Mobster Gets 30 Years For $12M Extortion Scheme
• Trump Entertainment Gets More Time To Control Ch. 11 Case
• Judge Urges Colt Bondholders To Make Peace With Landlord
• DQ Bid Fails Against Ampal Bankruptcy Trustee
• White House Backs Bankruptcy Option For Puerto Rico
• US Must Curb Spending Or End Up Like Greece, Expert Says
• House Panel Votes To Cancel Fannie, Freddie CEO Pay Raise
• Feds Want AIG, Prudential, GE Capital To Improve Living Wills
• NJ Guaranty Group Says Workers' Comp Admin Cost It $2.8M
• Accountants 'Conspired' With Madoff To Fool SEC: Trustee
• FDIC Backstop Needed For Failing Banks, Experts Say
• The Top Product Liability Cases Of 2015: Midyear Report
• Green Field Trustee's $230M Suit Slated For Jan. Mediation
• 10th Circ. Stands By Bankruptcy Jurisdiction Ruling
• Creditors Fight Bad Faith Ruling In Involuntary Bankruptcy
• NJ Crime Family Member Gets Prison In $12M Lender Extortion
• ResCap Wants Judge To Nix 'Foreclosure King's' $6M Claim
• Bankrupt F-Squared Gets Nod For August Auction
• Ohio Doc Must Face Claims In Meningitis MDL, Court Rules
• LightSquared Says If Ex-CEO Wants Stay, It'll Cost Him
• Ex-Dewey Partner Laments Firm's Broken Promises On Pay
• Intel Fights Lehman Over Doomed $1B Share-Buy Deal
• Pittsburgh Corning Insurers Renew Ch. 11 Plan Opposition
• China Ex-Im Bank Wants $3.5B Baha Mar Resort's Ch.11 Nixed
• Attys Can Take Fixed Fees Before Ch. 7 Filing: Va. Bar
• Allied Nevada Investors Blast Ch. 11 Executive Bonus Plan
• 7th Circ. Empowers In Pari Delicto Defense In Bankruptcy
• Staffing Firm CRS Gets Temporary Nod To Tap Cash in Ch. 11
• Corinthian Gets Nod To Put Ch. 11 Plan To Creditors
• GTAT Lands $95M DIP Loan From Bondholders
• Lehman Says Massachusetts Shorted It $10M In Swaps
• Dewey Accounting Head Says She Was In On Fraud Scheme
• A&P Gets Nod To Close 25 Money-Losing Stores
• Canada Nine West Operator Gets US Bankruptcy Recognition
• Baha Mar Contractor Blasts 'Counterproductive' Demand
• Exide Investors Get Partial Cert. In Suit Over Enviro Woes
• Ex-Madoff Accountant Seeks Leniency After Guilty Plea
• Mid-2015 Restructuring Review: Europe And Emerging Markets
• Law360's Trial Aces Make Winning Look Easy
• Dewey Trial May Come Down To Credibility Of Frank Canellas
• Staffing Firm CRS Hits Ch. 11 In Wake Of Tax Issue
• Behind The Scenes Of Signal's $20M Trafficking Deal
• Ex-Variant CEO Barred From Interfering With Ch. 11 Sale
• Rapper 50 Cent Must Pay $2M More In Sex Tape Damages
• EFH Backs Hunt Consolidated's Restructuring Strategy
• Aereo Gets Green Light To Sell Source Code
• The Dewey Trial Report: Drama, Denial And 'The DiCarminator'
• Optim Wins Ch. 11 Plan Confirmation Over Objection
• Paulson Invests $20M In Bankrupt Puerto Rico Hotel
• Proskauer Wins Round In OSG's Tax Malpractice Suit
• Bankrupt Cal Dive Earns Nod For $37M In Asset Sales
• Chicago Pension Reforms Unconstitutional, Judge Rules
• Vote More Than Once? Numerosity And Possible Reform
• Dewey Bond Deal Cost Insurer Millions, Jurors Hear
• EFH Creditors' Fight Moved From NY To Delaware
• Optim Can Ditch Small Contract With Big Ch. 11 Plan Impact
• 'One Life To Live' Producer Blames ABC Suit For Ch. 7 Bid
• Ariz. Restaurant Chain Z'Tejas Files For Bankruptcy
• Citco Strikes Deal With Investors In Madoff Feeder Fund Suit
• GM Ignition Switch Fund Snubs Some Car Owners, Suit Says
• NHL's Coyotes Would Stay In Ariz. Under Deal With Glendale
• Pension To Get Paid Before Cox In Newspaper Sale: 11th Circ.
• Izmirlian Willing To Inject $200M Into Baha Mar Project
• Dewey Trustee's Suit Over Unpaid Legal Work Gets Trimmed
• Puerto Rico Utility Spurns Bondholders' $8B Debt Plan
• 2nd Circ. Cites Creditor Risks In Involuntary Bankruptcy
• Patriot Coal's Exec Bonus Plan Given Green Light
• Will Congress Bar College Tuition Clawback In Bankruptcy?
• Variant Claims Ex-CEO Stole $750K, Flouted Court Order
• Bankrupt Corinthian Floats Updated Ch. 11 Plan
• NYC Taxi Operator Blames Citi, Uber For Ch. 11 Filing
• RadioShack $43M Gift Card Suit Allowed To Move Forward
• Dewey Defense Pounces On Cooperator's Shifting Statements
• Molycorp Gets Green Light For $135M Oaktree DIP
• 9th Circ. Mandates Strict Definition Of 'Fiduciary' In Bankruptcy
• Ex-Freedom Exec To Plead Guilty In Chemical Spill Case
• Harbinger Takes 2nd Shot At $1.5B RICO Suit Against Dish
• Bankruptcy Judge Won't Shield Caesars Parent From Creditors
• Boomerang Settles Safety Violations With Reduced Penalty
• Bahamian Court Won't Recognize Baha Mar's US Ch. 11
• NJ Foreclosure Firm Furloughs Staff As Bankruptcy Nears
• SEC Pressed For $1M Fees After Rare In-House Loss
• Judge Doubtful Of $371M Antitrust Suit Against Time, Others
• The Precedential Value Of Sagamore Partners
• Hedging Western European Debt With CDS? Not So Fast
• Snell & Wilmer Among Those Targeted In Racketeering Suit
• Molycorp Bondholders Plug $142M DIP Over Oaktree Loan
• Caesars Insists $30B Buyout Is Part Of Ch. 11 Probe
• Judge Says Taj Mahal Workers Can Boycott Trump Casino
• Dewey Star Cooperator Breaks Down On Stand At Trial
• LightSquared CEO Wants Ch. 11 Plan Halted During Appeal
• Marvel Entertainment Can't Muscle $16.6M Bill In Tax Court
• Bankrupt Simply Fashion Cleared To Sell Off IP Assets
• Bankrupt Caesars Reaches Agreement With Junior Lenders
• Patriot Coal Says Bonus Plan Needed To Prevent Defections
• Pa. Justices Give Regulators Sway In Insurer Liquidations
• SIGA Trustee Fights $700K In Executive Bonuses
• Cantor Fitzgerald Says Refco Can't Recycle Axed Claims
• Acme Bids $256M For 76 Stores As A&P Set To Shed Assets
• Chrysler Can't Stop Montana Federal Preemption Litigation
• Forbearance Arrangements Can Have Value For Debtors
• Bankruptcy Court's Contempt Order Overreached: 7th Circ.
• Gordon & Rees Boosts Boston Office With LeClairRyan Trio
• MF Global Customers Granted Class Cert. In Collapse Case
• Molycorp Pushes For $135M Oaktree DIP In Financing Fight
• Argentina Says Immunity Bars Sanctions In Bond Fight
• MoFo Seeks Dismissal Of Hedge Fund Chief's Suit
• Contractor Blamed For Baha Mar Ch. 11 Wants Case Tossed
• Madoff Trustee Wants To Ax Claims From NJ, Fla. Customers
• Bankrupt Furniture Brands Reaches $6M Deal With EPA
• Dewey Star Witness Says DiCarmine Never Talked Fraud
• American Eagle Energy Wants To Maintain Control Of Ch. 11
• Keeping Marblegate In Perspective
• Supermarket A&P Hits Ch. 11 For 2nd Time In 5 Years
• Dewey Creditors Slam Howrey Over Priority Rent Claims
• GM 'Shield' Poses Moral Quandary To 2nd Circ.
• Molycorp Creditors Blast Choice Of $135M Oaktree DIP Deal
• The Dewey Trial Report: Master Plans And Clueless Auditors
• RadioShack Gift Card Holders Sue Bankruptcy Estate
• Marathon Dewey Trial Has Some Jurors Hitting Snooze
• Bankrupt Boomerang Tube Gets Nod On $145M DIP Package
• Milagro Oil Gets Interim Approval Of $15M DIP
• Life Partners CEO Pushes To Remove Ch. 11 Trustee, Counsel
• 50 Cent Can't Hide From Sex Tape Plaintiff In Ch. 11
• German Parliament OKs Opening Talks On Greek Bailout
• Spotlight On Medicare Jurisdiction Issues In Bankruptcy
• ECB Raises Emergency Lending To Greek Banks
• AgFeed Trustee Claims Outside Counsel Gave Bad Advice
• Judge Sends Back Saladworks Fight Over Ex-CEO's Legal Fees
• Dewey Cooperator Says He Didn't Discuss Fraud With Davis
• Powerwave Trustees Strike $5.5M Settlement With Ex-Brass
• Couple Can't Sue IRS Over Discharged Tax Debt: 8th Circ.
• Variant Allowed Part Of Ch. 11 Probe Request Into Ex-Brass
• Dune Creditors Sue Banks, Dispute Liens On Oil Leases
• Deals Rumor Mill: Temasek, Alpha Natural, Banco Do Brasil
• Gov't Says Wyly Can't Raise Issues Resolved In SEC Suit
• BMO Harris To Pay $16M To End Petters Ponzi Row
• Sabine Warns Of Possible Litigation Over Forest Oil Merger
• 3rd Circ. Wary Of Ruling On New Century Bankruptcy Notices
• Milagro Hits Ch. 11 With Plans For $217M White Oak Deal
• NJ Court Backs Toss Of Atty's Malpractice Defense Suit
• More Bad News For Bondholders On Make-Whole Premiums
• Coal Exporter Walter's U.S. Units Enter Ch. 11 With $3.1B Debt
• Physiotherapy Holdings Can't Split Up Contracts, Judge Says
• Trustee Blasts Bankrupt Patriot Coal's $6.4M Bonus Plans
• Wyly Seeks Bankruptcy Court OK To Appeal $299M Judgment
• Texas Blasts RadioShack Bid To Toss Ch. 11 Gift Card Suit
• Senate Dems Float Bankruptcy Option For Puerto Rico
• States, Feds Say Corinthian's Ch. 11 Plan Is Too Vague
• Dewey Star Witness Says Davis Knew Of Accounting Tricks
• Brazil Judge OKs DIP Package For Construction Co. OAS
• Madoff Trustee Seeks OK On Treatment Of Customer Profits
• The 1st Of Several Legal Roadblocks Ahead For Puerto Rico
• Ex-Casino Execs Stuck With $272M Award Over Lost License
• Grocery Operator A&P Denies Bankruptcy Is Imminent
• PennySaver Ch. 7 Trustee Pushes $1.7M Liquidator Deal
• Customer Data Sale In Bankruptcy: Lessons From RadioShack
• New GM Says Crash Plaintiff Can't Seek Punitive Damages
• Low Oil Prices, Debt Push Sabine Oil & Gas Into Ch. 11
• Boomerang Makes Push For Final OK Of $145M DIP Package
• Dewey Cooperator Says CFO Helped Hide Fraud From Auditor
• Liberty Medical Estate Gets Nod For Ch. 11 Plan
• Mortgage Lender Can't Hit Brakes On ResCap's Breach Suit
• RadioShack Says Texas Can't Be Middleman For Gift Cards
• Ex-Thelen Partner Mounts Last Stand Against Clawback Suit
• Su Can't Unload Contested Vantage Stock, Texas Court Says
• Gruber Hurst Picks Up Ex-Bracewell Bankruptcy Duo In Dallas
• Sex Tape Plaintiff Wants 50 Cent's Bankruptcy Stay Lifted
• Bankrupt Casino Can't Appeal $177M Tribal Immunity Ruling
• The Bankruptcy Venue Debate: A Never-Ending Story
• Brazilian Steelmaker Gerdau Unveils Reorganization Plan
• 2nd Circuit Affirms TPG Victory in Hellas Notes Case
• Signal Gets Interim OK On $90M DIP Amid Auction Planning
• Trump International Golf Club Files For Chapter 11
• GM Says States Are Attempting To Dodge Litigation Stay
• 11th Circ. Says Miami Hotel Owes $5M Interest On Mortgage
• 3 Takeaways From Greece's Preliminary Bailout Deal
• DA Touts Dewey 'Master Plan' Doc As Key Cooperator Testifies
• Real Estate Rumor Mill: HelloFresh, Aini, Crescent Heights
• 10th Circ. Kicks Atty Conflict Suit Out Of Bankruptcy Court
• Lehman Bros. Trustee Seeks $1.9B Creditor Payout
• Dune's Contentious $19M Bankruptcy Sale Gets Green Light
• Rapper 50 Cent Files For Ch. 11 Amid Boxing Co.'s Woes
• The Student Borrower Defense Rule — And A Misconception
• Dewey Star Witness Says Defendants Complicit In Fraud Plot
• Signal Hits Ch. 11 With Deal Over Labor Trafficking Suits
• Greek Officials Agree To Deal With Creditors, Will Keep Euro
• Lehman Workers' ERISA Suit Chalks Up Third Straight Loss
• Ex-Dolan Brass Withheld BofA Info, Investors Tell 8th Circ.
• 4 Ways Dewey Changed BigLaw Forever
• Bankrupt Colt Earns Nod For $75M DIP Package
• Bankrupt Bahamas Resort Accuses Contractor Of Sabotage
• GM Injury Claimants Sue US For $200M Over Liability Shield
• 'Chapter 20' Debtors Can Strip Junior Liens, 9th Circ. Says
• Dewey Star Cooperator Set To Take Stand In Trial
• 9th Circ. Won't Revive Asarco's $33M Superfund Cleanup Row
• EFIH Fights Bid For $81M Interest Claim On PIK Notes
• Lehman Trustee Says Ruling Voids $62M FirstBank Claim
• FDIC Says It Owns $276M In Tax Refunded To FBOP Units
• Emerging Issues In Coal Industry Bankruptcy Cases
• Caesars Creditors Say Buyout Is Off-Limits In Ch. 11 Probe
• US Trustee Fights GTAT Severance Payments To Workers
• F-Squared On Its Way To Speedy Ch. 11 Sale
• Bankrupt Resort Can't Force HR Firm To Fund Payroll
• 80-Year-Old Atty Disbarred For Stealing From Former Firm
• Ch. 11 Changes Needed For Banks' Living Wills To Work
• $8.5M BPZ Asset Sale To Zedd Energy Gets Court OK
• 3rd Circ. Won't Rethink Ruling Blocking Atty's Debt Discharge
• Dewey Defense Narrative Stars A Villain: Frank Canellas
• Trump Resorts Can Bar Casino In Plaza To Save On Taxes
• Colt Noteholders Defend $75M DIP From Sciens Attack
• Chevron Denies It Strong-Armed Bidders In $19M Dune Sale
• Madoff Trustee Strikes $1.4M In Clawback Settlements
• Visteon Gets UAW Benefits Action Kicked To The Curb
• Equitable Subordination Considerations For Creditors
• Golf Course Investors Can't Go After Bank, 8th Circ. Says
• Judge Officially Ends Puerto Rico's Recovery Act
• Bankrupt Mineral Park Earns Nod For Trafigura Settlement
• Dewey Prosecution Rolls Dice With Kitchen-Sink Strategy
• Jeffer Mangels Says Aramid's Fortress Deal Must Protect Fees
• Judge Sends $10M Kutak Malpractice Row To Mediation
• Lehman Settles Suit Over Putnam Swap Transactions
• Deloitte Can't Kill Freddie Mac's $1.3B Taylor Bean Suit
• Greece Asks Eurozone Fund For A Loan
• Debevoise Should Cut Fees 10%, Boomerang Trustee Says
• EFH Judge Nixes Bondholders' $431M Make-Whole Bid
• Ex-Howrey, Dewey Partners' Deal With Creditors OK'd
• F-Squared Driven To Ch. 11 By $35M SEC Settlement
• Recharacterization Doctrine Is Ripe For High Court Review
• Exide, Calif. Regulator Hand Claim Row To Bankruptcy Court
• Katten Back On Hook In Malpractice Suit Over Ponzi Scheme
• Attys Net $21M For Work In MF Global Metal Manipulation Suit
• Allied Nevada Investors Rip Bid For Extra Ch. 11 Plan Time
• After Losing In Court, Puerto Rico's Last Hope Is Congress
• Dewey's Secret 7: Meet The Ex-Workers Turned Gov't Witness
• Deals Rumor Mill: Hostess, ProSiebenSat.1, Ferrari
• Wyly Bros. Lose Bid For New Trial After $300M SEC Judgment
• Banks' Public Living Wills Leave Room For Improvement
• $3.5B Resort's Contractor Says It's Not To Blame For Ch. 11
• Intervenors Bow Out Of Tribal Gaming Co. Sale Dispute
• Cal Dive Gets Nod For $16M Stalking Horses For Ship Sales
• Lehman Taking $67M Tax Credit Fight To 2nd Circ.
• Refco Can Add To Claims Over Cantor's Gaming Tech Biz
• Quicksilver Resources Gets Nods For Extra Exclusivity
• Puerto Rico Can't Save Its Recovery Act In 1st Circ.
• Ignition Switch Plaintiffs Raise No New Issues, GM Says
• MF Global Execs Strike $65M Deal To Settle Investors' Claims
• Is A 10-Year Clawback Period Really An Option?
• Colt Owner Blasts Bondholder-Backed $75M DIP
• Nortel Judge Won't Revisit $7.3B Allocation Ruling
• Drivers Ask 3rd Circ. To Rethink Ch. 11 Priority Snub
• Morris Schneider Files For Ch. 11 Amid Legal Troubles
• Contractor Urges High Court To Mull Sanctions Against Tribe
• Resurgence Of Covenant Lite In EU — And What It Means
• 8th Circ. Raps Pig Farmers' US Bank Forbearance Suit
• FDIC, Fed Release Public Resolution Plans For 12 Big Banks
• UK's Afren Seeks Ch. 15 Relief After Oil Price Slump
• Ex-Madoff Accountant Helped JPMorgan Probe, Feds Say
• 546(e) Safe Harbor Is Open To Madoff Victims
• Greeks Vote 'No' On Bailout, Could Lead To Euro Exit
• Molycorp Gets Nod For $22M Interim Loan From Oaktree
• Auto Supplier Chassix's Ch. 11 Plan Gets Green Light
• JPMorgan Asks FCC To Back LightSquared Bid Despite Felony
• Golden County Foods Gets Nod For $37M Bankruptcy Sale
• Dewey Worker Says He Didn't Think His Actions Were Criminal
• Borders Gift Card Holders Ask Justices To Fix Mootness Split
• Montgomery McCracken Adds 2 Litigation Partners In Philly
• The Dewey Trial Report: Idiots, Informants And Inquisitions
• Atkinson Andelson Adds Fox Rothschild IP Litigator
• Collateral Interests In Insurance: Confusing Territory
• Dreier Trustee Settles With Diamond McCarthy In Fee Row
• $3.5B Bahamas Resort Gets Interim Nod For $80M DIP
• Straub Sues Stockton University Over Showboat Dispute
• Creditors Can Challenge Completed Ch. 11 Plan, 9th Circ. Says
• PREPA, Creditors Strike $415M Deal To Avert Default
• Dewey Cooperator Flip-Flopped On Budget Tricks, Jurors Hear
• BigLaw Fee Antics Persist Despite Dewey's Cautionary Tale
• Banks Face Pressure To Improve Living Wills
• Boomerang Tube Floats Ch. 11 Plan To Swap Out $214M Debt
• Freedom Likely To Win Judge's Approval Of $2.5M Deal
• 5th Circ. Wants Texas Court's Take On Golf Channel Ponzi Ads
• Greece Sends Creditors Mixed Messages As Debt Vote Nears
• Coal Miner Says Regulation Pushed It Into Ch. 11
• Del. Defines Derivative Standing Of Creditors Committees