Bankruptcy Blogs

Why Banks Can Put GSE Buyback Worries Behind Them

06/14/16

Fears about repurchase requests made by Fannie Mae and Freddie Mac persisted beyond the crisis, but those fears don't match actual repurchase numbers.

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Three Ways to Thwart Hackers' Attempts at Persuasion

06/14/16

Cybercriminals understand psychology just as much as they do technology. Here are steps your bank employees must take to mitigate the risk of phishing and other attacks.

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Morning Scan: New Finra Chief; More Basel Hand-Wringing

06/14/16

Receiving Wide Coverage ... Finra's New Boss: Former Securities and Exchange Commission official Robert Cook will take the helm as chief executive of the Financial Industry Regulatory Authority later this year. The move comes as the self-policing body expands its oversight of stock market trading activities and rogue employees. Though it's historically been criticized by some for levying meager fines against the financial industry, Finra has been flexing its muscle lately, according to the Wall Street Journal.Â...

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Gawker to Get $22 Million Loan From Cerberus

06/14/16

[wsj-responsive-image P="//art.wsj.net/api/photos/38848195/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38848195/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38848195/smartcrop?height=853&width=1280" caption="In this Wednesday, March 16, 2016, file photo, Gawker Media founder Nick Denton arrives in a courtroom in St. Petersburg, Fla.

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Intervention Energy Holdings – Motion to Dismiss Denied in Part

06/13/16

Recently on June 7, 2016, the Delaware Bankruptcy Court considered a motion to dismiss the Intervention Energy Holdings, LLC, et al. bankruptcy proceeding.  On May 20, 2016, Intervention Energy Holding, LLC (“IE Holdings”) and Intervention Energy, LLC (“IE”) filed a voluntary chapter 11 bankruptcy petition in the United States Bankruptcy Court for the District of Delaware (the “Voluntary Petition”).

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Diamondhead Casino Bankruptcy – Motion to Dismiss Involuntary Petition – Granted

06/13/16

On June 7, 2016, Judge Laurie Selber Silverstein of the Delaware Bankruptcy Court ruled on a motion to dismiss Diamondhead’s involuntary bankruptcy petition.  The Creditors who filed the bankruptcy admitted to the Court that their intent in filing for bankruptcy was to remove management and to obtain a recovery for their equity investments.  The “Opinion” is available here.  This is the second recent opinion issued in this case.  The prior opinion wa

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Coming and Going Concerns

06/13/16

Alvin F. Benton Jr. has joined law firm Dorf & Nelson in the litigation department. Mr. Benton has experience in debt restructurings, receiverships and other bankruptcy matters, and he also has experience in business and real-estate litigation. He earned his law degree from Florida A&M University College of Law.

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Big Banks Will Look More Like Google by 2025

06/13/16

Nonbanks now set the digital banking experience bar, but in less than a decade large banks will have swallowed them up and will have become digital financial superstores.

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Further Thoughts on Puerto Rico v. Franklin California Tax-Free Trust

06/13/16

The opinion is a good reminder that oral argument impressions don't always carry over to the final written product. In short, both the majority and dissent approach this as a simple matter of statutory construction, and in that regard the majority opinion is simply a more clearly articulated version of the First Circuit's opinion.

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