Bankruptcy Blogs

LightSquared has a busy week in bankruptcy court next week as a trial over Dish Network Corp. Chairman Charles Ergen‘s debt comes to a close and what is expected to be a weeks-long plan-confirmation trial begins.

The Office of the Solicitor of the Department of the Interior has issued a legal opinion (the “Opinion“) to the Secretary of the Interior interpreting the statutory phrase “under federal jurisdiction” in the Indian Reorganization Act, 25 U.S.C. § 461 et seq. (1934), (the “IRA“).[1]  The Opinion is a result of the U.S. Supreme Court decision, Carcieri v.

The liquidators of Hellas Telecommunications (Luxembourg) II SCA, which was once the third-largest cellular service provider in Greece, are suing its former private-equity owners TPG Capital Management LP and Apax Partners LLP for what it calls “one of the very worst abuses of the private equity industry.” Read the Daily Bankruptcy Review article via The Wall Street Journal.

A longstanding photography retail chain with roots in Chicago filed for Chapter 7 bankruptcy Wednesday with plans to close all of its U.S. stores.

Italian fast-food chain Sbarro LLC’s second restructuring in three years is cooking, as a bankruptcy judge granted a number of approvals Wednesday and scheduled an April 25 hearing to review its prepa