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Wiley Rein LLP | Actions Based on Same Course of Conduct Are Related Claims
I Exclusion Unclear Where Claims Brought by Trustee on Behalf of Debtor and Subsidiaries The United States Bankruptcy Court for the District of Delaware, applying federal law, has held that certain lawsuits brought by a bankruptcy trustee were related
Updated: 09/19/2011 04:04P
Michigan Agency Loses Bid to Move Court Fight With Lehman
19 (Bloomberg) -- The Michigan State Housing Development Authority failed to persuade a federal district court to review a bankruptcy judge's interpretation of swap contracts in its lawsuit against Lehman Brothers Holdings Inc. over derivatives
Updated: 09/19/2011 04:00P
Newpage Said to Cut Rate on Portion of $600 Million DIP Loan
19 (Bloomberg) -- NewPage Corp., the Cerberus Capital Management LP-owned coated paper maker that filed for bankruptcy protection, reduced the rate it will pay on a $250 million debtor-in-possession term loan, according to a person with knowledge of
Updated: 09/19/2011 04:00P
How government works OT to screw you
If there's any part of the Solyndra green energy bankruptcy story that ought to unite partisans to kick a little ass, it is the fact that a few months before the company filed bankruptcy (and after the Energy Department and the Obama Administration had
Updated: 09/19/2011 03:56P
Saab gets a glimmer of hope from the Swedish government
Saab and parent company Swedish Automobiles originally requested government protection from creditors when their banks began receiving notices of possible bankruptcy proceedings earlier this month but the Swedish government quickly stepped up and shot
Updated: 09/19/2011 03:52P
Rock-bottom interest create looming danger for consumers
When he appeared before Montreal Superior Court Judge Christiane Alary this summer, seeking to overturn a refusal by the Office of the Superintendent of Bankruptcy to discharge him from personal
Updated: 09/19/2011 03:47P
Exclusive: 'Real Housewives of New Jersey' husband Joe Giudice takes the Fifth
According to the court order, Giudice consulted with a criminal defense lawyer before taking the Fifth. “The defendant Giuseppe Giudice acknowledges his desire to resolve the matter without the need for further inquiry or litigation, and without making
Updated: 09/19/2011 03:47P
Dallas Stars Sale: Hearing on Bidding Procedures Set For Thursday
ESPN Dallas reports today that the initial hearing for the Dallas Stars LP bankruptcy case went as planned in Delaware, and the motions were approved. Most of the first day motions read something like... Which is to say that the motions were designed
Updated: 09/19/2011 03:45P
24 S&P 500 Stocks Up Over 100% Since Lehman Failed
By Trader Mark Hope everyone enjoyed their “Lehman 3 Year Bankruptcy Anniversary” parties this weekend – I am sure Dick Fuld and his $350M did. (clawbacks anyone?) While the Lehman bankruptcy in fall 2008 was not the bottom – that didn't happen until
Updated: 09/19/2011 03:33P
House Judiciary chair urges Justice Department to probe Solyndra
House Judiciary Committee Chairman Lamar Smith (R-Texas) called on the Justice Department Monday to investigate a California solar firm that filed for bankruptcy in August after receiving a $535 million loan
Updated: 09/19/2011 03:32P
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