bankruptcy law

The Daily Docket: Court Rules Russia Owes Ex-Yukos Owners $50 Billion

07/28/14

A court in The Hague has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government’s seizure of the company, The Wall Street Journal reports.

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Nortel’s Bond Interest Rate Fight Sends U.S., Canadian Judges to Separate Corners

07/25/14

The U.S. and Canadian judges who will decide how to divide $7.3 billion raised in the liquidation of the former Canadian technology icon went their separate ways Friday, with the U.S. judge canceling and the Canadian judge forging ahead with a hearing on an issue that could be key to the decision.

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The Daily Docket: Nortel Strikes $1 Billion Interest Cap With Bondholders

07/25/14

Nortel Networks Corp .’s U.S. division said Thursday it has reached a deal with bondholders owed nearly $4 billion to cap the interest they can collect at $1.01 billion. Read the Daily Bankruptcy Review story via The Wall Street Journal.

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Energy Future Insiders Took in $46 Million Last Year

07/01/14

Energy Future Holdings Corp. insiders took nearly $46 million out of the company in the 12 months leading up to its April 29 bankruptcy filing, new court records show.

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The Daily Docket: Supreme Court Says Creditors Can Tap Into Inherited IRA Money

06/13/14
Time & Life Pictures/Getty Image

The U.S. Supreme Court ruled that certain money inherited from individual retirement accounts can be taken by creditors to cover the debts of people in bankruptcy proceedings.

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The Daily Docket: Supreme Court Rules on Bankruptcy Courts’ Powers

06/10/14

The Supreme Court on Monday clarified a prior ruling that effectively limited bankruptcy judges’ powers but left a bigger question unanswered. Law Blog has the Daily Bankruptcy Review article here.

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Watchdog Warns Elderly of Bankruptcy Traders’ Offers

06/06/14

A government bankruptcy watchdog wants to ensure the claims trading industry doesn’t profit from the confusion of hundreds of people who have already lost money with New Life International, a Tennessee nonprofit that collapsed last year after investing money from charitable gift annuities.

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Trouble at TelexFree: Unraveling the Litigation

05/20/14

TelexFree LLC, a Massachusetts Internet calling service provider, stands accused of operating one of the largest pyramid schemes in history.  The company, now in bankruptcy, is facing civil fraud charges brought by the Securities and Exchange Commission, and its owners have been criminally charged.

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Energy Future Unsecured Creditors Form Ranks, Hire Morrison & Foerster

05/13/14

Morrison & Foerster won the plum job of representing the official committee of unsecured creditors in the Energy Future Holdings Corp. Chapter 11 case, one of the biggest bankruptcies on record.

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