November 05, 2014
Bankruptcy attorneys for Tribune Co., SemGroup LP and their respective creditors argued before a Second Circuit panel Wednesday over the reach of safe-harbor provisions in the U.S. Bankruptcy Code designed to block avoidance litigation that could roil the financial markets.
July 14, 2014
As 2014 stretches into its final half, bankruptcy professionals can expect clarification in several areas of uncertainty, including the full scope of bankruptcy courts' powers, clawbacks against international investors, and how to approach a massive municipal insolvency.
November 01, 2013
The U.S. Securities and Exchange Commission on Thursday urged the Second Circuit not to revive a $143 million suit brought by creditors of formerly bankrupt petroleum company SemGroup LP against Barclays Bank PLC, arguing that doing so would undo key safe-harbor protections in the Bankruptcy Code.
October 11, 2013
Investors urged the Second Circuit on Thursday not to revive a $143 million suit brought by SemGroup LP creditors against Barclays Bank PLC over an allegedly unfair fee it collected following SemGroup's bankruptcy, warning that its litigation trustee was trying to circumvent "safe harbors" rules.