Bankruptcy Blogs

The Daily Docket: Dish’s Ergen Balks at LightSquared Plan

05/06/14

LightSquared’s reorganization plan gives too much to value to the wireless venture’s top shareholder, Philip Falcone, and shouldn’t be approved, a lawyer for Dish Network Corp.  Chairman Charlie Ergen said Monday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Mornings Scan: AG Holder Says No Bank 'Too Big to Jail'

05/06/14

Receiving Wide Coverage ...

No Bank 'Too Big to Jail': U.S. Attorney General Eric Holder declared in his weekly video address Monday, "There is no such thing as too big to jail." The Justice Department has been facing criticism that federal prosecutors have failed to bring criminal charges against Wall Street banks out of fear of destabilizing the financial system, the Washington Post notes. Justice Department officials have said cases relating directly to the financial crisis...

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The Lehman Brothers Ethos Fades at Barclays

05/05/14
Associated Press

For many people, Lehman Brothers Holdings Inc. died in the early hours of Monday, Sept. 15, 2008, when the Wall Street firm filed for bankruptcy.

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Tug-of-War Over Pay Leads to Small Gains, Changing Incentives

05/05/14

Regulators are seeking to limit risky behavior. Shareholders are intent on paying for performance. The result in 2013 was modest gains for bank CEOs and a shift to long-term payouts.

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ABA Joins Battle Over Dead Law Firm Profits

05/05/14

The nation’s largest lawyers’ organization is taking a stand on a client’s right to choose.

The right to choose counsel, that is.

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Bank Customers Should Get What They Pay For

05/05/14

Bankers provide customers with a huge range of services free of charge. If banks want to compensate for the rising cost of those services, that's got to change.

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Morning Scan: Target CEO Resigns; Banks Detail Sanctions Against Russia

05/05/14

Receiving Wide Coverage ...

Target's CEO Resigns: Target is still reeling from the data breach it suffered over the winter, in which the cardholder information of 40 million customers and personal information of 70 million people was compromised. In the latest and perhaps largest piece of fallout from the event, Gregg Steinhafel, the company's chairman and chief executive, resigned, the New York Times reports. The retailer replaced its CIO last week. Target's chief financial officer John...

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The Daily Docket: GSE Environmental Enters Bankruptcy

05/05/14

GSE Environmental Inc. placed its North American operations under Chapter 11 bankruptcy protection on Sunday, with a plan to hand them off to secured lenders. Read the Daily Bankruptcy Review article in The Wall Street Journal.

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Here’s What Energy Future Is Paying the Lawyers, Bankers and Advisers Who Worked on Restructuring

05/02/14

Energy Future Holdings’ bid to restructure some $42 billion in debt under bankruptcy protection isn’t just the biggest busted LBO in history.

It’s also something of a full employment act for bankruptcy lawyers, especially now that cracks are showing in what the Texas energy company calls a “prearranged” restructuring.

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