Bankruptcy Blogs

Caesars Seeks to Keep Grip on Restructuring – Next Week in Bankruptcy

04/24/15

Wednesday in Chicago, Caesars Entertainment Operating Co. will seek to keep a tight grip on its bankruptcy restructuring. The casino operator is asking judge to extend the period of time that its lawyers have to file a reorganization proposal before the field opens up to proposals from other groups.

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Banks Should Weigh Customers' Risk on Case-by-Case Basis

04/24/15

In light of a recent op-ed about pawnbrokers denied banking services, it's worth reiterating that the FDIC encourages banks to assess individual businesses for risk rather than declining to provide services to entire categories of customers.

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FDIC Responds: Banks Must Manage Client Risk on Case-by-Case Basis

04/24/15

In light of a recent op-ed about pawnbrokers denied banking services, it's worth reiterating that the FDIC encourages banks to assess individual businesses for risk rather than declining to provide services to entire categories of customers.

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Morning Scan: Deutsche's Delay Tactics; How to Fix Student Loans

04/24/15

Receiving Wide Coverage ... Sarao's Side of the Story: The London trader accused of triggering the May 2010 stock market "flash crash" denies plotting to manipulate prices by placing and canceling large orders. Navinder Sarao says in past but newly released emails with the British conduct authority that he simply relied on cat-like reflexes to make his moves. He says he might cancel an order because of "a move in one of the other markets thatÂ...

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Lehman’s $83 Million Trader Taped Conversations

04/24/15

A former Lehman Brothers star trader secretly recorded several conversations that he says prove Lehman owes him more than $83 million in bonuses for his work done mostly in 2008, even though he received a similar amount when Barclays PLC bought Lehman, The Wall Street Journal reports.

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Coming and Going Concerns

04/23/15

Henry Callaway was named as a judge with the U.S. Bankruptcy Court for the Southern District of Alabama. Mr. Callaway, who currently works in bankruptcy and litigation at law firm Hand Arendall, will take up his new position in May. He practices in areas including creditors’ rights, consumer finance and shareholder disputes and is a member of the American Bankruptcy Institute. Mr. Callaway is replacing Judge Margaret A.

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Biometric Data Without the Big-Brother Angst

04/23/15

Banks that use biometric technology should remember to take client and employee privacy concerns seriously. After all, banks have a duty to protect personal information and prevent its potential misuse.

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Dubious Regulators Need to See Compliance Burden for Themselves

04/23/15

Banking regulators will never conclude that regulation is actually hurting community banks until they study the issue and come to that conclusion on their own.

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Lehman Brothers Says Former Top Trader Seeking ‘Double Recovery’

04/23/15

Lehman Brothers on Wednesday said former top trader Jonathan Hoffman is seeking “double recovery” on his bonus from 2008, in day one of a trial over whether Lehman owes Mr. Hoffman and three other employees millions in back bonuses. The Wall Street Journal has the Daily Bankruptcy Review article here.

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