By Eugene Kim In re Majestic Star Casino, LLC, F.3d 736 (3rd Cir. 2013) , the U.S. Court of Appeals for the Third Circuit broke from other courts by holding that S corporation status (or "qualified subchapter S subsidiary" or "QSub" ... Read full article
By Kristy Young ... Read full article
By Barbara Altimus Shreero Judge Christopher M. Klein’s decision to accept the City of Stockton’s petition for bankruptcy on April 1, 2013 set the stage for a battle over whether public workers’ pensions can be reduced through municipal reorganization. ... Read full article
By Kristy Young ... Read full article
By Eugene Kim In re Majestic Star Casino, LLC, F.3d 736 (3rd Cir. 2013) , the U.S. Court of Appeals for the Third Circuit broke from other courts by holding that S corporation status (or "qualified subchapter S subsidiary" or "QSub" ... Read full article
By Blanka Wolfe ... Read full article
By Shawn K. Watts The United States Bankruptcy Court for the District of Delaware (the “Court”) recently upheld a $23.7 million make-whole payment (the “Make-Whole Payment”) in In re School Specialty (Case No. 13-10125), denying the assertion by the ... Read full article
By Kristy Young ... Read full article
By Raphaela Taylor ... Read full article
By Evan Sypek The London Interbank Offered Rate (Libor) is calculated daily by the British Banking Association (BBA) and published by Thomson Reuters. The rates are calculated by surveying the interbank borrowing costs of a panel of banks and averaging ... Read full article
By Barbara Altimus Shreero Judge Christopher M. Klein's decision to accept the City of Stockton's petition for bankruptcy on April 1, 2013 set the stage for a battle over whether public workers' pensions can be reduced through municipal ... Read full article
By Robert Sahyan ... Read full article
By Adam McNeile ... Read full article
By Michael M. Lauter ... Read full article
By Danielle Kennedy Round one of the fight between the City of Stockton, California and its creditors is finally over. On April 1, 2013, Bankruptcy Judge Christopher M. Klein held that Stockton satisfied the eligibility requirements for a Chapter 9 ... Read full article
By Eugene Kim In a recent Fifth Circuit decision, Western Real Estate Equities, LLC v. Village at Camp Bowie I, L.P. , No. 12-10271 (5th Cir. 2013), the court held that the acceptance vote from a minimally and “artificially impaired” class of claims ... Read full article
By Blanka Wolfe ... Read full article
By Reed Mercado ... Read full article
By Christine Swanick , Carren Shulman , Wilda Wahpepah , and Shawn Watts ... Read full article
By Kristy Young The California Supreme Court recently held that a borrower may rely upon oral promises to support a fraud claim against its lender even when such oral promises contradict the written agreement. ... Read full article
