Bankruptcy Blogs

Bankruptcy officials for Canada’s Nortel Networks Corp. say a fast answer on the question of how much interest bondholders should collect may aid settlement talks that could end a bigger battle: the long-running fight over the defunct company’s billions.

Mitchell Brand has joined law firm Stradley Ronon Stevens & Young LLP as co-chair of its finance and restructuring group. He most recently worked as a partner and co-chair of the special situations group at Otterbourg P.C. Mr. Brand works with lenders on financing transactions and counts hedge funds, private-equity firms and banks among his clients.

The planned demolition of a chemical-storage facility at the site of a January spill that tainted West Virginia’s water supply recently faced an unexpected setback—heavy

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The FOMC and Rates: The Fed offered new insight into its thinking on interest rates at the conclusion of the central bank's two-day Federal Open Market Committee meeting, the Wall Street Journal reported. The upshot: the Fed appears to be more aggressive in its outlook for raising rates in the next two years, but less aggressive in raising rates beyond 2016. Officials estimated the benchmark federal funds rate will hit 1.2% by...