Bankruptcy Blogs

These types of schemes rarely pay off in the end, and they certainly never represent an efficient use of funding. Banks would, therefore, be well-advised to make some immediate price-structure changes.

LightSquared is urging a judge not to toss its lawsuit against Dish Network Corp. and its chairman, Charlie Ergen, over Mr. Ergen’s purchases of LightSquared debt, saying a “reasonable inference” can be made that the trades were illegally made on behalf of Dish itself. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Receiving Wide Coverage ...

Waiting for Volcker: News on the contents of the Volcker Rule continues to trickle in ahead of next week's vote on the long-awaited Dodd-Frank provision. The Journal reports that the rule will require bank executives to guarantee their firms are in compliance with the regulation, which, incidentally, marks another requirement banks lobbied against that wound up in regulators' final proposal. Meanwhile, an unnamed senior Treasury official tells the FT the rule will...