Bankruptcy Blogs

Conferring

02/17/12

Today I'm off to the Wharton Restructuring and Turnaround Conference, which looks to be a great, high level discussion of all things chapter 11ish. But it is surely a sign of the times that the keynote speaker is a banking lawyer.

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Volcker Fails to Address Objections to 'His' Rule

02/16/12

What the former Fed chairman does not tell us, because he cannot, is the name of a single bank that went under and required taxpayer support because of proprietary trading gone bad.

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Third Circuit Holds Post-petition Pension Fund Withdrawals Liability Is Entitled to Administrative Expense Priority Under Sectio

02/16/12

 

By: Brian Bergin
St. John’s Law Student
American Bankruptcy Institute Law Review Staff

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Guggenheim, Other Funds Divulge Stakes in Global Aviation Debt

02/16/12

A group of hedge funds and investment firms calling itself the ad hoc committee of senior noteholders divulged their stakes Global Aviation Holdings Inc.’s debt. Bankruptcy law requires investors to publicly disclose their identities and their holdings if they’re working as a group in a Chapter 11 case.

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Kodak Dumps the Oscar Theater, Proving that Contract Rejection is like No Fault Divorce: There is No Defense

02/16/12

Just under a month ago, Eastman Kodak filed for chapter 11 and now it is doing what many chapter 11 debtors do, trying to decide which of its contractual obligations it’ll honor and which it won’t. Back in 2000, Kodak signed a $74 million deal to get its name displayed atop the fancy Los Angeles theater that hosts the Oscars.

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Dodgers Bidders Prepare to Round Second Base

02/16/12
Associated Press
Dodger Stadium

A second round of bidding is under way for the Los Angeles Dodgers, the Los Angeles Times

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There Must Be a Better Way to Comply with the Volcker Rule

02/16/12

Perversely, the proposed compliance framework presumes that a banking entity has violated the Volcker Rule unless the entity can prove otherwise.

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