Law Firms

Bankruptcy Trustee Draws Complaint

08/26/14

A bankruptcy trustee’s allegedly aggressive questioning of a debtor’s English-speaking skills is the subject of a complaint on file with a federal bankruptcy watchdog, a legal publication has reported.

The New York Law Journal Monday reported that consumer bankruptcy attorney William Ward Saxton filed a complaint against bankruptcy trustee John S. Pereira, accusing him of berating a debtor about her ability to understand English at a meeting in her bankruptcy case last month.

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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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Energy Future Keeps a Lid on Questions About Solvency

08/19/14

Energy Future Holdings Corp. Tuesday successfully fended off questions from creditors anxious to probe the financial health of a company division that is the target of deal talks.

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Creditors’ Lawyers Press Archdiocese of Milwaukee to Pay Up

07/17/14

The Archdiocese of Milwaukee has been running a tab when it comes to professionals working on its Chapter 11 bankruptcy case, and lawyers for unsecured creditors—chiefly survivors of sexual abuse—say it’s time to pay the bills.

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The Daily Docket: Energy Future Drops Out of Optim Bidding

07/16/14

Energy Future Holdings Corp. has dropped out of the bidding on Optim Energy’s Twin Oaks power plant. Read the Daily Bankruptcy Review article here.

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Energy Future Insiders Took in $46 Million Last Year

07/01/14

Energy Future Holdings Corp. insiders took nearly $46 million out of the company in the 12 months leading up to its April 29 bankruptcy filing, new court records show.

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The Daily Docket: Scapped Vegas W Hotel Project Entities Enter Bankruptcy

06/27/14

Five entities with a stake in land where the ambitious Las Vegas W hotel was supposed to be built filed for bankruptcy in Nevada on Wednesday. Read the Daily Bankruptcy Review article here.

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Coming and Going Concerns

06/19/14

Mitchell Brand has joined law firm Stradley Ronon Stevens & Young LLP as co-chair of its finance and restructuring group. He most recently worked as a partner and co-chair of the special situations group at Otterbourg P.C. Mr. Brand works with lenders on financing transactions and counts hedge funds, private-equity firms and banks among his clients.

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The Daily Docket: Dewey Trustee Brings New Allegations on Two Ex-Executives

06/11/14

The bankruptcy trustee unwinding defunct law firm Dewey & LeBoeuf LLP has brought new allegations against two former Dewey executives in a suit seeking the return of more than $21.8 million the two allegedly were paid as the law firm “fell deeper and deeper into insolvency.” The Wall Street Journal has the Daily Bankruptcy Review article here.

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Coming and Going Concerns

06/05/14

Craig Solomon Ganz has joined Ballard Spahr LLP from Gallagher & Kennedy. Mr. Ganz, a partner with the law firm, focuses on corporate restructuring and complex commercial litigation. He’s represented creditors, debtors and creditors’ committees. Mr. Ganz is a member of the American Bankruptcy Institute and the Turnaround Management Association.

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