Bankruptcy Blogs

Receiving Wide Coverage ... London Whale Investigations: Federal probes into JPMorgan Chase's disastrous 'London Whale' trades may finally be coming to a close. The Journal reported that Whale trader Bruno Iksil is "unlikely to face charges" from the fiasco, but that "Mr. Iksil is no longer a focus of investigators, people familiar with the situation said." The FT said the bank is set "to admit wrongdoing in a civil settlement with" U.S. and U.K. officials. The…

Lawyers for Dish Network Corp. Chairman Charlie Ergen and Phil Falcone squared off in front of LightSquared’s bankruptcy judge Thursday, for the first time since Mr. Falcone sued Mr. Ergen over allegedly improper purchases of LightSquared’s debt. Read the Daily Bankruptcy Review article here.

When I first began working in the consumer bankruptcy field, co-signed loans were a common problem that I saw often.  Then c

Buyers, sellers and shareholders rarely profit from bank acquisitions, the author argues. There are too many things that have to go right in the pricing and integration, and there is too much that can go wrong.

Receiving Wide Coverage ...

JPM Under Fire: JPMorgan Chase disclosed in a filing on Wednesday that the U.S. Justice Department has opened up a criminal and civil probe into its sale of mortgage-backed securities leading up to the crisis. Per the filing, investigators have "preliminarily concluded that the firm violated certain federal securities laws" while selling subprime mortgage securities to investors. Both JPM and the DOJ are declining to comment further at this time. News outlet...