Bankruptcy Blogs

The lawyers who’ve tried to calm the storm surrounding Girls Gone Wild have reached a deal with casino kingpin Steve Wynn, whose attempt to squeeze more than $30 million out of the adult-entertainment producer’s companies led them to file for bankruptcy earlier this year.

But not so fast, says Tamara Favazza, who is owed nearly $6 million from a lawsuit she filed after she was exposed in one of the company’s DVDs, according to papers filed with the U.S. Bankruptcy Court in Los Angeles.

Thanks to enhanced regulatory expectations, directors and managers have more new responsibilities than they might realize.

Receiving Wide Coverage ...

Sideswiped: A federal judge has overturned the Federal Reserve's rule on debit card swipe fee caps, effectively stating that the central bank had set the caps too low. In the decision, the judge said the Fed's rule, which caps fees charged to merchants whenever a customer uses a debit card at 21-cents a transaction, "runs completely afoul of the text, design and purpose" of the Durbin amendment, the Dodd-Frank provision that called...

When you talk to judges or file paperwork in court,  it’s a bad idea to call the judge names or insult them. Not only is it bad form and undignified but, frankly, you’re just asking for it.