Bankruptcy Blogs

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

A bidding war is brewing for Constar International Holdings LLC, the Philadelphia-based maker of plastic bottles that scrambled for the safety of bankruptcy in December, clutching a $68.5 million buyout offer from an affiliate of Australia’s Amcor Ltd. Read the Daily Bankruptcy Review article here.

Receiving Wide Coverage ...

More Big Bank Fines Looming? Wall Street banks could wind up paying a total of $50 billion to put crisis-era mortgage-related allegations behind them, says Dealbook. The figure is based off of "interviews and a confidential analysis of the industry's potential legal exposure" that used JPMorgan Chase's record $13 billion mortgage settlement as a template. Following that deal, it's been widely believed other big banks (particularly Bank of America) were on the...

Sayan Bhattacharyya has been named partner in the New York office of Stroock & Stroock & Lavan. Mr. Bhattacharyya works on financial restructurings, and he represents hedge funds, private equity funds and banks both in and out of court. He’s worked on a number of well-known cases including AMF Bowling, Great Atlantic & Pacific Tea Co., Indiana Downs, Loehmann’s and Vertis.

Visa and MasterCard have little real interest in implementing effective security because they donÂ't absorb fraud losses.