Bankruptcy Blogs

The Daily Docket: Hostess Files Bankruptcy Plan

10/11/12
Associated Press

After winning crucial labor relief, Hostess Brands Inc. filed its plan to pay creditors and emerge from Chapter 11 protection.

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JPMorgan CFO to Step Down, Dimon Rants, Authorities Build Case Against London Whale

10/11/12

Receiving Wide Coverage ...

The JPMorgan Shuffle Continues: JPMorgan cannot stop revamping its organization chart. One month after an overhaul of its corporate and investment banking division and a week after two upper-level departures, multiple news outlets are reporting the bank's chief financial officer Douglas Braunstein will step down by the end of the year. The move isn't all that surprising given Braunstein found his role significantly diminished during another major executive shake-up back in September...

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PayPal Joined the Party

10/10/12

Adam Levitin commented on the eBay's opt-out arbitration program on CreditSlips.org a few weeks ago, and there have been campaigns calling for consumers to opt out of eBay's program.

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How to Stymie Mortgage Lending, One Regulation at a Time

10/10/12

The regulatory maze currently being created under the pretext of helping the consumer and preventing the next housing bust will do neither and will continue to impede the recovery.

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Judge Approves Dewey Partner Settlement, Slaps Down Objectors

10/10/12
Bloomberg

Bankruptcy proceedings are speeding right along for failed law firm Dewey & LeBoeuf LLP (notwithstanding an 

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The Daily Docket: American Eagle Pilots Accept Labor Deal

10/10/12

A majority of American Eagle pilots have voted in favor of a new labor agreement between their union and AMR Corp., the regional airline’s parent. Read the Daily Bankruptcy Review article here.

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Years Later, Government Civil Mortgage Crackdown Continues; Wall Street Work Good for Those Who Can Get It

10/10/12

Receiving Wide Coverage ...

'Yet Another Bank': One week after New York Attorney General Eric Schneiderman filed a civil case against JPMorgan Chase alleging fraud in how Bear Stearns packaged and sold mortgage-backed securities, Wells Fargo finds itself being sued by the government for nearly a decade's worth of "reckless" mortgage lending. U.S. prosecutors (not affiliated with Schneiderman's mortgage task force, though he has promised more suits are on the way) are seeking "hundreds of millions...

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To Save Europe's Banks, Unload the Baggage

10/10/12

Public-private partnerships designed to dispose of banks' costly noncore assets allow governments to transform themselves into facilitators of a banking revival, banks to bolster their balance sheets and private investors to gain access to a pool of profitable assets providing attractive rates of return.

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