Hedge Funds

NCBJ 2014: Hedging Your Bets, Examining an Expert and Secured Creditors in Charge

10/11/14

I spent the morning listening to presentations on very disparate topics: hedge funds, examining an expert witness and the balance between secured creditors and unsecured creditors. I was not able to capture the full extent of the discussions and in some cases my descriptions below may be a bit cryptic. My intent is not to provide a transcript, but rather to provide a flavoring of issues being discussed at NCBJ.

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The Daily Docket: Apple Supplier GT Advanced Plans to Wind Down Sapphire Business

10/10/14

Apple Inc . supplier GT Advanced Technologies Inc. plans to exit the business of manufacturing sapphire after a failed effort to produce material for Apple’s smartphone screens. Read the Daily Bankruptcy Review story in the Wall Street Journal.

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The Daily Docket: Everybody Loves Energy Future

09/17/14

Energy Future Holdings Corp. is “in the midst of a bidding war” and still talking to NextEra Energy Inc., the Florida company that sparked a competition that shook up one of the biggest bankruptcies on record, company attorney Edward Sassower said Tuesday. Read the story in the Daily Bankruptcy Review.

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The Daily Docket: Detroit Makes Its Case

09/03/14

After more than a year in bankruptcy court, the city asked a federal judge Tuesday for the final blessing of its plan to slash $7 billion in debt and get on the road to solvency, The Wall Street Journal reports.

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The Daily Docket: BofA and FDIC Settle Failed Bank Suits

08/22/14

The Federal Deposit Insurance Corp. and Bank of America Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Lehman Brokerage Appeals Barclays Ruling

08/21/14

Lehman Brothers Holdings Inc.’s brokerage is asking a U.S. court to reconsider its ruling affirming Barclays PLC’s right to billions of dollars in disputed assets, saying the decision throws into question the integrity of bankruptcy sales. Read the Daily Bankruptcy Review story in the Wall Street Journal.

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The Daily Docket: Daehan Shipbuilding Seeks U.S. Bankruptcy Protection

08/19/14

Daehan Shipbuilding Co. Ltd. filed for Chapter 15 bankruptcy protection Monday in New York, seeking to shield its U.S. assets from efforts to collect a $54.5 million judgment. Read the story in the Daily Bankruptcy Review.

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The Daily Docket: NII Holdings Skips an Interest Payment

08/18/14

Latin American Nextel wireless provider NII Holdings Inc. won’t make a $118.8 million interest payment to bondholders, the company announced Friday, days after it warned it would likely have to file for Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review story here.

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