Chapter 9

Seismic data provider Global Geophysical Services Inc. filed for Chapter 11 bankruptcy protection Tuesday, not long after announcing it would have to restate its financial reports for periods going back to 2009. Read the Daily Bankruptcy Review article here.

Arcapita Bank is suing two Arab banks to recover a total of $45.3 million the investment firm transferred to them just before its 2012 bankruptcy filing. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Creditors of Jacoby & Meyers Bankruptcy LLP want to push the firm into involuntary bankruptcy so they can get paid. Read the Daily Bankruptcy Review article via Law Blog.

The liquidators of Hellas Telecommunications (Luxembourg) II SCA, which was once the third-largest cellular service provider in Greece, are suing its former private-equity owners TPG Capital Management LP and Apax Partners LLP for what it calls “one of the very worst abuses of the private equity industry.” Read the Daily Bankruptcy Review article via The Wall Street Journal.

Former leaders at collapsed law firm Dewey & LeBoeuf LLP were indicted on fraud charges including grand larceny, securities fraud and conspiracy and have pleaded not guilty, The Wall Street Journal reports.