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Cleary Gottlieb Steen & Hamilton LLP | The American Lawyer Names Lisa
To date, Cleary Gottlieb has represented Nortel in seven different Section 363 bankruptcy sales, generating proceeds of more than $7.75 billion. The American Lawyer is a monthly magazine covering the business of law and lawyers, with an emphasis on the
Updated: 09/07/2011 04:06P
Office Max shares up on forecasts
Caris & Company analyst Scott Tilghman said Wednesday that a court's recent approval of the Lehman Brothers bankruptcy settlement could benefit Office Max. Because of a complex accounting practice for some of OfficeMax's notes, one half of which were
Updated: 09/07/2011 04:06P
What if there's a double-dip?
Can policymakers navigate between the Scylla of fiscal bankruptcy and the Charybdis of economic strangulation? Could another major banking and financial-system crisis be on the cards? The Business Times invited a panel of experts to address these and
Updated: 09/07/2011 04:03P
Saab seeks creditor cover to restart production
Stockholm: Saab, the 64-year-old Swedish carmaker that halted production in June, applied for court protection from creditors in a bid to raise money to restart operations and avoid a bankruptcy petition by unions. "The reorganisation is a move to
Updated: 09/07/2011 04:02P
Iridium to sell new phone, other services
The phone will work off the network that was bought for pennies on the dollar out of bankruptcy court in late 2000. Dubbed Iridium Extreme, the new device is thinner and lighter than its predecessor phone as well as dustproof and water-resistant.
Updated: 09/07/2011 04:01P
Appeals Courts Split on Creditors' Right to Bid in Auction Sales
The phrasing of this “indubitable equivalent” test comes out of an old opinion by Judge Learned Hand, of relevance only to law professors and other unbridled bankruptcy enthusiasts, but its actual meaning is rather vague.
Updated: 09/07/2011 03:50P
Hoover mayor: Cities must adapt for business growth
He said taking the position, if offered, would be a big challenge, especially going from prosperous Hoover to Jefferson County, which is potentially facing the nation's largest municipal bankruptcy ever. “It's a mammoth undertaking,” said Petelos.
Updated: 09/07/2011 03:47P
Singer Asia for sale for US$ 350m
The rationale for the sale of Singer Asia was that the US and Hong Kong based investors who bought it almost at a give away price in September 2000 at the time that the Asian operation was facing bankruptcy, were now wanting to exit the operation
Updated: 09/07/2011 03:36P
FDIC Seeks Dismissal of Corus Bankruptcy Plan
Corus Bankshares has pitched a plan that would see the bank holding company resurrect itself as a real-estate investment firm, if it succeeds in collecting on lawsuit worth up to $265 million that it filed against the FDIC over disputed tax refunds.
Updated: 09/07/2011 03:34P
Appeals Courts Split on Creditors' Right to Bid
The phrasing of this “indubitable equivalent” test comes out of an old opinion by Judge Learned Hand, of relevance only to law professors and other unbridled bankruptcy enthusiasts, but its actual meaning is rather vague.
Updated: 09/07/2011 03:33P
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