Bankruptcy Blogs

How Heartbleed Changed the Way Banks Think About Cybersecurity

08/11/14

The Heartbleed bug alerted banks to their own vulnerabilities and made them realize that they have heightened responsibilities toward customers when it comes to communicating security concerns, according to Joram Borenstein of NICE Actimize.

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The Daily Docket: MF Global Urges Judge Not to Toss PwC Suit

08/11/14

MF Global Holdings Ltd. is urging a judge not to toss its $1 billion lawsuit against PricewaterhouseCoopers LLP for the alleged bad accounting advice that MF Global says led to its 2011 collapse. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Morning Scan: Job Market Gains, But Rates to Remain Low; Banks' Enemy

08/11/14

Receiving Wide Coverage ... Recovery and Liftoff: There are signs of an improving economy, yes. Factory orders are up, there are fewer vacancies in apartment buildings. Unemployment is falling, too, the Wall Street Journal and Bloomberg report. But, until there is more significant improvement in the job market and wage growth, Fed Chair Janet Yellen and other Fed officials in all likelihood are going to lean toward keeping short-term interest rates near zero, the Journal says.Â...

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The Problem of Centrality

08/10/14

The Harvard Law School Forum on Corporate Governance and Financial Regulation has a feature on my new paper about the resolution of CCPs (aka clearinghouses).

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Pick up A Copy of Financial Justice: The People’s Campaign to Stop Industry Abuse (but first watch three cool videos here)

08/09/14

I recently read a review of the book Financial Justice: The People’s Campaign to Stop Industry Abuse, by economist Larry Kirsch and University of Utah professor Robert N. Mayer. The favorable review induced me to sit down and read the book, all in one sitting. This book about how grassroots efforts helped create the CFPB is a page-tuner.

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The Broke and the Beautiful: Arresting Edition

08/08/14

This week on The Broke and the Beautiful, a bankruptcy judge recommends jail time for Joe Francis, and Gordon Ramsay has some debt on his plate. Also, Luther Elliss wants to help prevent football players from needing to file for bankruptcy.

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Weekly Wrap: Will More Board Duties Curb or Add Risk?; Euro-Whiners

08/08/14

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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Forward Motions: Revel Set to Hit Bankruptcy Auction Block

08/08/14

Atlantic City’s Revel casino and hotel, the most recent addition to the city’s famed boardwalk, will head to the auction block Thursday as part of its second bankruptcy in as many years.

According to documents filed with the Camden, N.J., bankruptcy court, the auction was moved from Aug. 7 because lawyers “need additional time to fully analyze and evaluate the bids received and are not prepared to go forward with the scheduled auction.”

A hearing to approve the winning bid is scheduled for Aug. 18.

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The Case for Closing the Export-Import Bank

08/08/14

The Export-Import Bank benefits just a handful of American companies and is weighed down by corruption, writes Ryan Young of the Competitive Enterprise Institute.

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Weil Gotshal Pulls Bankruptcy Partner Away from Kirkland

08/08/14
Gordon Studer

Weil Gotshal & Manges LLP is bringing in a lawyer from one of its biggest rivals to help run its marquee bankruptcy business, as firms fight over a shrinking supply of big restructuring cases.

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