News

Assessing Clearwire's Liquidity Today And Recoveries In A Bankruptcy - Seekingalpha.com

07/17/12

Nextwave's bankruptcy took something like 7 years to get resolved ... Best case is some kind of asset sale, refinancing of the secured debt, or perhaps an out of court restructuring. Small asset sales, vendor financing or other capital raises of $500mm ...

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The pros and cons of bankruptcy - Chicago Tribune

07/17/12

Also, a bankruptcy filing will not eliminate liens on property previously owned. (However, in Chapter 13, many types of liens can be reduced or eliminated because of provisions in the bankruptcy code that allow filers to retain property they ...

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New Rothstein trustee may target law firms - The Business Journal

07/17/12

Suing law firms over due diligence claims, or malpractice, represents complicated and difficult litigation in a bankruptcy, said Andrew Berman, attorney with Miami-based Young, Berman, Karpf & Gonzalez. “Any liability is framed by what the ...

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Restructuring specialist to be interim CEO of GM's Opel - MSN Money

07/17/12

Fixing Opel, which trades as Vauxhall in Britain, has become a top priority for GM chief executive Dan Akerson, who has demanded an end to the $3.5 billion in underlying losses racked up after the U.S. parent emerged from bankruptcy in 2009.

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Howrey creditors could get a cut of $44.5 million - Washington Post

07/17/12

Creditors of Howrey, the Washington law firm that filed for bankruptcy protection in 2011, may soon get a cut of $44.5 million, following a judge’s approval of attorney’s fees in a large contingency fee case handled by former Howrey lawyers.

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Phoenix Coyotes sale faces new threat; suit weighed to stall arena package - Sporting News

07/17/12

It bought the team out of bankruptcy several years back to prevent it from ... Glendale's city council signed off on the sale in June. Without a sale, the NHL would again operate the team and might finally surrender to the idea of selling ...

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Bankruptcies drop 43% in Durham and Orange - The Business Journal

07/17/12

About two-thirds of the debtors last month filed under Chapter 13 of the federal bankruptcy code, with the remainder filing under the more favorable provisions of Chapter 7. Chris Bagley covers the legal-services industry, transportation and utilities.

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Judge Says She Will Approve LightSquared Bankruptcy Loan - NASDAQ

07/17/12

Earlier this year, the FCC blocked the company from using a 4G wireless network in a blow that ultimately helped force the bankruptcy filing. Latham & Watkins LLP will represent the company in its pursuit of FCC approval to use wireless spectrum.

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United States: Radlax — 'An Easy Case' - Mondaq

07/17/12

Law360, New York (July 10, 2012, 12:36 PM ET) -- "This is an easy case," Justice Antonin Scalia wrote in his brief, 12-page, May 29, 2012, opinion that settles the issue of whether the Bankruptcy Code grants the secured creditor a right to credit bid in an ...

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Wasendorf Has Restaurant, Romanian Properties, Receiver Says - Bloomberg

07/17/12

The regulatory case is U.S. Commodity Futures Trading Commission v. Peregrine Financial Group Inc., 12-cv-05383, U.S. District Court, Northern District of Illinois (Chicago). The bankruptcy case is In re Peregrine Financial Group Inc., 12-27488 ...

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