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Bracewell & Giuliani | Contractual Rights Vanish Again in the "Bermuda" of
The enforcement of triangular setoffs in bankruptcy, where affiliates set off their claims against the debtor, received another setback in a recent decision in the Lehman bankruptcy cases. See In re Lehman Brothers Inc., No. 08-01420 (JMP) (SIPA),
Updated: 10/07/2011 03:57P
AMR financial woes stoke merger prospects
Oct 7 (Reuters) - Troubles at American Airlines, a unit of AMR Corp, could bring the airline closer to a merger with US Airways, especially if American opts to restructure in bankruptcy someday, experts say. Although most analysts do not expect the
Updated: 10/07/2011 03:49P
Crystal Cathedral Scandal 'a Bad Picture of the Church, Christianity'
Founder Robert Schuller's financial scandal now clouding Crystal Cathedral's bankruptcy woes is giving Christianity a bad rep, says Craig Huey, a Christian politician and activist. A view of the interior of the
Updated: 10/07/2011 03:40P
Sbarro files amended reorganization plan
AP , 10.07.11, 03:21 PM EDT NEW YORK -- Pizza and pasta chain Sbarro Inc., which filed for bankruptcy protection in April, said Friday that it filed an amended reorganization plan that would allow it to emerge with less debt. The company said it plans
Updated: 10/07/2011 03:31P
Feds accuse lawyer of bungling Bonds case
The US Trustee's Office, which monitors bankruptcy cases, is suggesting that Bonds may have been misled and poorly represented by his former lawyer, Kenyatta Riley. "Based on Mr. Bonds' testimony (under oath),
Updated: 10/07/2011 03:24P
Some Kodak bondholders prefer bankruptcy
Eastman Kodak may be attempting to steer clear of bankruptcy court as its bondholders warm up to the idea of taking control of the famous photographic product company in a bankruptcy scenario. Kodak touched off bankruptcy fears when the company
Updated: 10/07/2011 03:17P
CEO Prusch Believes Clearwire (CLWR) Will Have No Problem Raising Capital for
The exec said he will not speculate on bankruptcy, but that Clearwire should have no problem raising capital which would be used to upgrade its network. Are you missing key trading opportunities? Upgrade to StreetInsider Premium and get a step ahead of
Updated: 10/07/2011 03:12P
Borders crash sends bookstore sales flying
You don't often get to do an experiment across the entire population of the US, but the Borders bankruptcy offered just that opportunity earlier this year. ICv2 notes that bookstore sales, which have been declining for years, rose 7% in the first half
Updated: 10/07/2011 03:08P
Solyndra bankruptcy episode claims first Obama Administration victim
Within 24 hours of President Barack Obama defending his administration's decision to give a financial injection to solar energy company Solyndra which is now under investigations after going bankrupt, the Obama Administration lost its first high level
Updated: 10/07/2011 03:06P
AMR financial woes stoke merger prospects - experts
Oct 7 (Reuters) - Troubles at American Airlines, a unit of AMR Corp, could bring the airline closer to a merger with US Airways, especially if American opts to restructure in bankruptcy someday, experts say. Although most analysts do not expect the
Updated: 10/07/2011 03:05P
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