Law Firms

LightSquared’s $2.65 billion restructuring plan is better than anything available to the company and should be approved by a judge, a company adviser said in court Monday. Read the Daily Bankruptcy Review article here.

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.

Mach Gen LLC, which operates natural gas-fired electric generating facilities, filed for Chapter 11 bankruptcy protection Monday after negotiating a debt-cutting deal with key creditors. Read the Daily Bankruptcy Review article here.

J. Michael Booe has joined law firm Winston & Strawn LLP as a partner in the Charlotte, N.C., office. Mr. Booe, a fellow of the American College of Bankruptcy, focuses on corporate financing transactions as well as syndicated commercial and single lender transactions. He has experience representing clients in Chapter 11 cases and other insolvency matters. Mr. Booe earned his law degree from the University of North Carolina at Chapel Hill.

A rental-car company needs more money, a veggie business is hoping for a healthy sale and a thrift store starts to liquidate, and are all on the bankruptcy agenda next week.

Advantage Rent a Car has asked to borrow an additional $20 million in bankruptcy financing as the fourth-largest rental-car company runs on the fumes of its current $46 million loan.