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CR&B Alert - Commercial Restructuring and Bankruptcy News - September 2011
The Answer Could Affect the Ability of a Licensee in Bankruptcy to Assign Rights Regarding the Trademark; Credit Swap Agreement Ipso Facto Clause Struck; Subrogation to 'Claims' Entitles Subrogee to Vote on Behalf of Itself and Subrogor;
Updated: 09/16/2011 04:12P
Lehman Tries to Intercept Giants' Claim
For months the failed bank and a financing unit of the National Football League franchise have been squabbling over how to value the $301.8 million claim the Giants made in Lehman's bankruptcy case. But now an attorney for Lehman says the bank has been
Updated: 09/16/2011 04:12P
Ailing Alabama County Reaches Deal With Creditors
-(Dow Jones)- Jefferson County, Ala., commissioners voted Friday to accept a framework for a negotiated settlement with creditors to whom it owes $3.1 billion, avoiding the largest municipal bankruptcy in US history. The 4-1 vote brought some closure
Updated: 09/16/2011 04:10P
Dallas Stars Lost Nearly $100M In 3 Years Before Bankruptcy
The Dallas Stars hockey team was hemorrhaging cash in the years leading up to Thursday's bankruptcy filing. Over the past three years, the Stars lost $91.5 million and are projected to lose another $31 million during the season that
Updated: 09/16/2011 04:08P
Ministers Delay Eurozone Bailout Decision
Europe's finance ministers have failed to come to a decision on a further round of bailout cash for Greece at a crisis summit in Poland. To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe
Updated: 09/16/2011 04:05P
California Municipal Market Expects Bankruptcies To Remain Rare
Members of California's public finance community at The Bond Buyer's 2011 California public finance conference in Carlsbad cited key differences that make the Chapter 9 process for municipal bankruptcies much more infrequent and onerous than the
Updated: 09/16/2011 04:05P
Amish man "Madoff" with 16.8 million running Ponzi scheme
Monroe Beachy, a 77 year old Amish man, has been charged with mail fraud after allegedly defrauding people out of 16.8 million dollars over 20 years. ABC News reports: Today's grand jury indictment gets Beachy for sending false monthly and quarterly
Updated: 09/16/2011 04:05P
This Week in Solar
Solyndra's bankruptcy has captured most of the solar headlines nationwide this week, but there have been developments outside of this high-profile failure. Over the summer, LDK Solar
Updated: 09/16/2011 04:03P
JeffCo approves terms, but work remains on settlement
The Jefferson County Commission is backing a deal to avoid the county entering the largest municipal bankruptcy in US history. But weeks of work remain to finalize the the tentative agreement that would settle the county's $3.2 billion sewer system
Updated: 09/16/2011 04:02P
Alabama County Bankruptcy
(AP) - Alabama's largest county has approved the framework for a settlement with Wall Street over $3.1 billion in debt, avoiding the possibility of immediately filing the largest municipal bankruptcy in US history. Jefferson County Commissioners voted
Updated: 09/16/2011 04:01P
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