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American Airlines facing turbulent ride
NEW YORK — American Airlines' CEO is proud that his company, unlike its biggest rivals, avoided the bankruptcy process to remake itself. Investors aren't so sure. As the economic outlook darkens, the airline industry is bracing
Updated: 10/05/2011 12:25A
Borders to put remaining assets in liquidating trust, leaving former
Borders explained some of its exit strategy in a liquidation plan and disclosure statement filed Monday in US Bankruptcy Court in New York City. “Holders of equity interests shall neither receive nor retain any property under the plan,” the company
Updated: 10/05/2011 12:16A
Friendly's bankruptcy rumor sizzles
While it's business as usual at Friendly's restaurants, at least for now, the company is reported to be poised on the brink of filing for bankruptcy protection as tastes change and competition mushrooms.
Updated: 10/05/2011 12:12A
Ex-Dogs coach tosses settlement plan
Donnan's attorney, Ed Tolley, announced the move after US Bankruptcy Judge James Smith said he was unlikely to approve the $5.5 million settlement with West Virginia-based liquidation company GLC Ltd. The judge said he was concerned the deal gave
Updated: 10/05/2011 12:08A
Georgia football: Former UGA coach Jim Donnan withdraws $5.5 million
Donnan's attorney Ed Tolley announced the move after US Bankruptcy Judge James Smith said he was unlikely to approve the $5.5 million settlement with West Virginia-based liquidation company GLC Ltd. The judge said he was concerned the deal gave
Updated: 10/05/2011 12:04A
Alston & Bird | Jason Watson Quoted in Charlotte Business Journal
Jason Watson was quoted in a Charlotte Business Journal article discussing the possibility of a Countrywide Financial bankruptcy by Bank of America. The bank faces several multi-billion-dollar legal actions related to Countrywide, the nation's largest
Updated: 10/05/2011 12:02A
Cleary Gottlieb Steen & Hamilton LLP | Decision Finds That Bankruptcy Code
In dismissing all but two of the Trustee's claims, the Court ruled that (1) the safe harbor provision in Section 546(e) of the Bankruptcy Code is applicable to transfers made by Bernard L. Madoff Investment Securities (“BLMIS”) to BLMIS customers and
Updated: 10/05/2011 12:02A
American Airlines facing turbulence
NEW YORK -- American Airlines' chief executive officer is proud that his company, unlike its biggest rivals, avoided the bankruptcy process to remake itself. Investors aren't so sure.
Updated: 10/05/2011 12:02A
Donnan withdraws from GLC settlement
Donnan's attorney, Ed Tolley, announced the move after US Bankruptcy Judge James Smith said he was unlikely to approve the $5.5 million settlement with GLC Limited. The judge said he was concerned the deal gave short-shrift to other parties who filed
Updated: 10/04/2011 11:49P
Obama blew it with Solyndra business
Recently, Solyndra, a solar panel manufacturing company based in California, filed bankruptcy after readily accepting a loan from the Department of Energy for $535 million. Malinvestments do happen, and they are often unavoidable.
Updated: 10/04/2011 11:39P
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