News

Dewey Bankruptcy Team Pushes for Quick Clawback Settlement - Wall Street Journal

06/19/12

Mr. Mitchell and Dewey’s bankruptcy lawyer, Albert Togut, have both said they want to resolve such claims quickly to avoid the drawn-out litigation and rancor that have characterized previous law firm failures. It took two years to hammer out ...

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Asarco, citing DOJ probe of EPA, wants settlement voided - Reuters UK

06/19/12

Asarco exited bankruptcy in 2009, four years after it sought bankruptcy ... Wyn Hornbuckle, a spokesman for the DOJ, declined comment as the matter remains in litigation.

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Kodak says Apple, FlashPoint want to "delay and derail" patent sale - Ars Technica

06/19/12

Kodak is accusing Apple and FlashPoint Technology of attempting to block Kodak's sale of its patent portfolio as part of its Chapter 11 bankruptcy proceedings. The photography giant has now filed a new lawsuit against the two companies ...

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Auction for Sparrows Point and related assets comes under fire - Baltimore Sun

06/19/12

RG Steel LLC, which owns the Baltimore County mill, filed for bankruptcy protection at the end of May. It is in the midst of laying off nearly 2,000 employees at Sparrows Point — almost the entire workforce — as it shuts down division after division.

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Fortress to Be First Bidder at ResCap Mortgage-Unit Sale - Bloomberg

06/19/12

Nashelsky told U.S. Bankruptcy Judge Martin Glenn today in Manhattan. Glenn approved New York-based Fortress’ Nationstar Mortgage Holdings Inc. as the so-called stalking horse for the auction of ResCap’s most valuable asset, its loan ...

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Bankruptcy as an Option at Navistar? - Yahoo Finance

06/19/12

And as for Icahn and Rachesky? Bryan was warning that WCI Communities, an Icahn investment, was at risk of bankruptcy in 2007. In 2008 it filed for bankruptcy. My take: Bryan has about as much of a chance of being right here as Icahn and Rachesky.

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Bankruptcy counsel in Dewey case seek US$935 an hour - Financial Post

06/19/12

Bankrupt Dewey & LeBoeuf LLP asked a judge to approve payments at customary rates of as much as US$935 an hour for partners of its lead law firm, Togut Segal & Segal LLP. Dewey, which failed on May 28 owing more than US$225-million to secured ...

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Fortress to Be First Bidder at ResCap Mortgage-Unit Sale - Businessweek

06/19/12

Nashelsky told U.S. Bankruptcy Judge Martin Glenn today in Manhattan. Glenn approved New York-based Fortress’ Nationstar Mortgage Holdings Inc. as the so-called stalking horse for the auction of ResCap’s most valuable asset, its loan ...

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Kodak sues Apple, claiming interference in patent sales - Reuters India

06/19/12

Patent sales are needed under terms of a $950 million loan that Kodak obtained to keep operating while in bankruptcy. Last week, Kodak said it expected to auction the patents in early August, with a winning bidder announced by August 13.

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Kodak sues Apple, claiming interference in patent sales - Reuters

06/19/12

Patent sales are needed under terms of a $950 million loan that Kodak obtained to keep operating while in bankruptcy. Last week, Kodak said it expected to auction the patents in early August, with a winning bidder announced by August 13.

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