The deadline has been pushed back for a proposed “clawback” settlement that was offered to more than 700 former partners of the bankrupt law firm Dewey & LeBoeuf LLP.
A US Airways tail rest on the tarmac near an American Airlines plane at Ronald Reagan Washington National Airport in Arlington, Virginia on April 23, 2012.
Patriot Coal Corp. filed for Chapter 11 bankruptcy on Monday, becoming the largest casualty of the worst U.S. market for the power-plant fuel in decades. Read the Daily Bankruptcy Review article here.
Lehman Brothers Holdings Inc. said Friday it has sold its Aurora Bank FSB subsidiary, a move that should help funnel some $1.5 billion into the pockets of Lehman’s creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Camera retailer Ritz Camera & Image LLC filed its second Chapter 11 bankruptcy petition since 2009. Read the Daily Bankruptcy Review Small Cap article here.