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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo | Holders of “Dirt Bonds” May
In a decision that may have implications for holders of community development district bonds and other similar “dirt bonds,” a Florida bankruptcy court has ruled that holders of community development district bonds do not always have plan voting rights
Updated: 09/21/2011 06:24P
Chafee tours Central Falls businesses
One of the businesses Chafee visited was World Travel Services, a travel agency owned by Faber Salazar. "It's excellent that we see politicians not only when they're trying to get elected, but afterward, to see what's going on in the community,
Updated: 09/21/2011 06:23P
Bankrupt college bookstore chain delays bankruptcy hearing
Nebraska Book, the Lincoln-based college bookstore chain that is looking to emerge from protection under bankruptcy law, has delayed a hearing with the US Bankruptcy Court in Delaware. Nebraska Book, the Lincoln-based college
Updated: 09/21/2011 06:13P
Solyndra Bankruptcy Fallout Generating Plenty of Work for Lawyers
The bankruptcy filing came a week after Fremont, California–based Solyndra shuttered its operations, putting 1100 people out of work. (The mass layoffs triggered a class action suit under the WARN Act.) The company failed despite a $535 million federal
Updated: 09/21/2011 06:11P
5 Steps to Turn Around a Business
I have taken part in many business turnarounds in my career, and time and again, noticed the same problems; regardless of whether the reason for the turnaround was a relatively minor situation or a reorganization after bankruptcy.
Updated: 09/21/2011 06:03P
With GM deal done, UAW's focus turns to Chrysler
But Chrysler, which is much smaller, may not have the resources to match the bonuses and profit-sharing that GM offered its workers last week, people briefed on the talks say. The people did not want to be identified because negotiations between
Updated: 09/21/2011 06:02P
Swedish appeals court approves Saab's application for bankruptcy protection
STOCKHOLM — A Swedish appeals court tossed a lifeline Wednesday to cash-strapped carmaker Saab, approving its application for bankruptcy protection as it awaits funding from Chinese investors. The ruling by the Court of Appeal for Western Sweden,
Updated: 09/21/2011 06:00P
Lehman Paid Managers, Lawyers $34.6 Million in August, $1.4 Billion So Far
Weil, Gotshal & Manges LLP, based in New York, whose fees totaled $334.8 million so far for acting as Lehman's lead bankruptcy law firm, collected $8.1 million in August. Marsal has said he will start distributing some cash to the defunct firm's
Updated: 09/21/2011 05:51P
Saab survives after Swedish court decision
A Swedish appeals court has given the green light for beleaguered carmaker Saab to reorganise under bankruptcy protection, delaying what had appeared to be the company's imminent demise. "The appeals court reverses the district court ruling and allows
Updated: 09/21/2011 05:50P
Levin's final settlement: $10 million to $80 million
George Levin, the biggest single feeder for Scott Rothstein's Ponzi scheme, has signed a final settlement agreement with the trustee overseeing bankruptcy of Rothstein's former law firm. The agreement is worth at least $10 million and up to $80 million
Updated: 09/21/2011 05:49P
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