Bankruptcy Blogs

"Prior Panel Precedent" Rule

10/07/14

Cannot Overrule Prior Panel In McNeal, the 11th Court of Appeals was presented with the issues whether it

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"Not for Publication"

10/07/14

ControversyThe topic of "not for publication" has raised  controvery over the years, the main issues precedential value and the ability to cite as preced

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Here's the Contempt Order. Really.

10/07/14

Not much new to say from the last time, except that this contempt order was signed by the judge. Argentina must "reverse entirely" the steps it has taken to remove BNY-Mellon and install a new trustee and otherwise start "complying completely" with the injunction. Or else....?

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IMF and Kazakhstan, Fixing Sovereign Debt in Unison

10/06/14

The IMF released its long-awaited paper on sovereign debt contract reform, advocating single-tier aggregated collective action (majority amendment) clauses and a clarification of the pari passu clause to preclude its future use to block payments on restrutured bonds, a la NML v. Argentina. An accessible summary of key points per IMF GC Sean Hagan is here.

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Time to Amend the HMDA's Reporting Requirements

10/06/14

The HMDA's reporting requirements should be expanded to include loan performance data along with mortgage origination data so that researchers and policymakers can better understand the state of credit access in the U.S.

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Seven Cybersecurity Questions Bank Boards Need to Ask

10/06/14

As data breaches become more common, bank board members need to make sure that senior management is familiar with the latest cybersecurity developments and has a crisis communications plan in place.

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Judge Says "Over My Dead Body" to Trustee's Mediation Plans

10/06/14
The importance of alternate dispute resolution to resolve cases is enshrined in federal law, 28 U.S.C.
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The Daily Docket: Trump Entertainment Loses Bid to End Union Pension Funding

10/06/14
Associated Press

Trump Entertainment Resorts lost a bid Friday to pull out immediately from the pension fund for 1,135 unionized employees at the Trump Taj Mahal, a decision that could mean only a brief reprie

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Morning Scan: 'Hours' of Questioning on AIG Bailout; New Bond Market

10/06/14

Wall Street Journal

If Ben Bernanke was miffed at his home refinance application being denied, he should be in a really bad mood after what's coming next. Bernanke, former Treasury Secretary Henry Paulson and former New York Fed President Tim Geithner "each will field hours of questions" in the lawsuit filed by former AIG CEO Maurice "Hank" Greenberg challenging the terms of the 2008 bailout of AIG. Greenberg's lawsuit alleges the government cheated shareholders out of...

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