Bankruptcy Blogs

The Daily Docket: LightSquared Lenders Doubt Future Success

05/24/12

LightSquared’s biggest lenders are questioning the company’s ability to clear regulatory hurdles and build out its high-speed wireless network, steps on which its viability depends. Read the Daily Bankruptcy Review article here.

[more]

Dodd-Frank Fulfills a Century-Old Vision for Regulation

05/24/12

Senator Nelson W. Aldrich introduced a plan to create a central regulatory authority over commercial banking, investment banking and the stock market in 1912. Sound familiar?

[more]

Small-Bank M&A Hindered by Cognitive Bias of 'Anchoring'

05/23/12

Prices garnered prior to the crisis have little in common with what banks are worth today or what they will likely be worth in the future. Yet boards and managers remain irrationally fixated on outdated, irrelevant valuations.

[more]

Dewey & LeBoeuf ‘Business Developments’ Hold Up Dodgers Billing

05/23/12
Reuters

Former Los Angeles Dodgers owner Frank McCourt may have slipped $1 billion into his pocket after dropping the team into bankruptcy, but the law firm that guided him through will have to wait to be paid

[more]

Complexity Concerns Matter Most in Merger Approvals

05/23/12

Laying the Federal Reserve Board's orders approving two recent acquisitions alongside Dodd-Frank rules and guidance from other agencies creates a Rosetta Stone to foretell future regulatory determinations.

[more]

Would Joel Tennenbaum’s Napster Fine be Dischargeable in Bankruptcy?

05/23/12

Yesterday, May 22, 2012, the Supreme Court declined to hear the appeal of the large damage award levied against Boston University student Joel Tennenbaum for downloading and sharing 30 songs on Napster. Wikipedia’s summary of the case can be read here.

[more]

What Is Private Equity?

05/23/12

The Presidential campaign's focus on Mitt Romney's record at Bain Capital suffers from a confusion about what private equity is. Steven Rattner starts to lay this out in a NYT column, but I th

[more]

The Daily Docket: NewPage Bondholders Seek Transparency

05/23/12

A group of NewPage Corp. bondholders, which doesn’t appear to have publicly disclosed who its members are or the amount of debt they hold, say the public interest is best served by unsealing a potential lawsuit they may face from a rival creditor group. Read the Daily Bankruptcy Review article here.

[more]

Trader with ‘Scattered’ History Sees Another Company into Chapter 11

05/23/12

Prospect Capital Corp. had planned a foreclosure sale for May 1 on the undrilled gas wells securing the more than $88.8 million in debt H&M Oil & Gas owed it. But when H&M filed for Chapter 11 on April 30, halting the sale, all the private equity firm could do was watch—and it looked to Prospect like the “bad boy of Chicago arbitrage,” Leon Greenblatt, was at it again.

[more]

What Does Facebook's IPO Have to Do with Stress Tests?

05/23/12

The role of technology has been a primary feature of recent financial gains and disruptions. As it grows we'll see increased volatility, a greater need for real-time economic assessments and more calls for transparency.

[more]