News Topic: Law Firms

Global Aviation Holdings Inc. filed a restructuring plan that would hand ownership of its charter-airline service to its senior secured bondholders and cut its debt by about $168 million. Read the Daily Bankruptcy Review article here . ... Read full article

About 60 former Howrey attorneys are teaming up, and we’re not talking about a softball team. No, the attorneys—former contract attorneys and non-equity partners—have joined forces to protect themselves from potential lawsuits to recover the compensation ... Read full article

Agence France-Presse/Getty Images Hostess Brands Inc.’s second-largest union voted to reject a revamped labor deal, sending the company back to the drawing board as it scrambles to find a way out of bankruptcy. ... Read full article

A judge cleared Central Falls, R.I., to emerge from Chapter 9 protection with a plan that would forgive some of its debts and finalize cuts to its retirees’ pension plans. Read the DBR Small Cap article  here . ... Read full article

Bain Capital Partners’ Contec Holdings Ltd. plans a speedy trip through bankruptcy with a debt-for-equity swap that will displace the private-equity firm and leave banks in charge, attorneys said at a court hearing Friday. Read the Daily Bankruptcy Review ... Read full article

The last bridge Gerard Uzzi inspected was the Queensboro, a 103-year old behemoth spanning the East River. ... Read full article

Contec Holdings Ltd., the cable-box repair company owned by Bain Capital Partners, filed for Chapter 11 bankruptcy protection Wednesday with a plan in hand to restructure some $360 million in debt. Read the Daily Bankruptcy Review article here . ... Read full article

Agence France-Presse/Getty Images A bankruptcy judge urged union members to vote in favor of the final contract offered up by Hostess Brands Inc., a proposal both sides acknowledge represents the last hope for s ... Read full article

A judge on Thursday granted broad subpoena power to the independent examiner investigating Residential Capital LLC’s relationship with parent Ally Financial Inc., though he agreed with private equity firm Cerberus Capital Management LP to limit the number ... Read full article

Reuters Facing down a deadline—and a  call for its removal f ... Read full article

EPA Dewey & LeBoeuf is officially backing out of the (former) U.S.S.R. ... Read full article

Phil Falcone’s Harbinger Capital Partners has said an investigation by lenders to LightSquared into so-called insider loans the wireless company received is meant to “embarrass” and “harass” the hedge fund. Read the Daily Bankruptcy Review article here . ... Read full article

Santa Ysabel Resort and Casino—too broke to build its resort and too small to lure many gamblers to its casino on a reservation outside San Diego—is about to test the notion that Native American enterprises aren’t eligible for protection under U.S. ... Read full article

Associated Press Cries of “fraud” from a few unhappy Washington Mutual Inc. ... Read full article

Associated Press/dapd A judge denied Apple Inc.’s bid to move a patent dispute with Eastman Kodak Co. out of bankruptcy court. ... Read full article

Reuters Lehman Brothers Holdings Inc. ... Read full article

The head of US Airways Group Inc. on Wednesday expressed reservations about the strategic review being conducted by AMR Corp. and said he could go directly to its rival’s creditors in a bid to cement a merger. Read the Daily Bankruptcy Review article here ... Read full article

EPA Curious to know how much it costs to shut down a big, super-indebted law firm? ... Read full article