News

Law Firms Lose Ruling in Fight Over Coudert Brothers Bankruptcy - Bloomberg

05/24/12

had more than 600 lawyers in 15 countries when it filed for bankruptcy to avoid posting bonds related to two legal malpractice suits it lost. The law firm began winding down in 2005. Today’s ruling could affect similar claims in the case of ...

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AA's American Eagle unit still could be spun off - USA Today

05/24/12

MINNEAPOLIS – American Eagle may still be spun off to shareholders after the feeder airline for American Airlines emerges from Chapter 11 bankruptcy protection, its CEO said on Wednesday. It's not clear yet what structure either American or ...

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AA's American Eagle unit still could be spun off - USA Today

05/24/12

MINNEAPOLIS – American Eagle may still be spun off to shareholders after the feeder airline for American Airlines emerges from Chapter 11 bankruptcy protection, its CEO said on Wednesday. It's not clear yet what structure either American or ...

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Philadelphia Orchestra Offers Plan To Cut Debt - New York Times

05/24/12

Frank of the United States Bankruptcy Court in Philadelphia. He and the orchestra’s creditors must still approve the plan. If all goes well, the ensemble expects to emerge from Chapter 11 in July. The filing on April 16, 2011, was ...

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Miami Beach developer pays into Nevin Shapiro Ponzi settlement - Miami Herald

05/24/12

He essentially paid what it would have cost to defend the litigation to make it go away.” In a statement released by Tabas’ attorney, Gary Freedman, the bankruptcy trustee declined to discuss the merits of the case but did acknowledge that ...

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SEC Staff Said to End Lehman Probe Without Recommending Action - Businessweek

05/24/12

The agency has been grappling with the case for more than three years amid questions from lawmakers and investors as to whether Lehman misrepresented its financial health before filing the biggest bankruptcy in U.S. history in September 2008.

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Bankruptcy judge rules that pilots union can't take its appeal directly to the Second Circuit Court of Appeals - Fort Worth Star-Telegram

05/24/12

U.S. bankruptcy judge Sean Lane ruled on Thursday that the pilots union will have to follow the usual steps in filing an appeal to a previous ruling instead of taking it directly to the Second Circuit Court of Appeals. The Allied Pilots ...

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Miami Beach developer pays into Nevin Shapiro Ponzi settlement - Miami Herald

05/24/12

“But with all litigation, it’s extremely expensive. He essentially paid what he had to make it go away.” In a statement released by Tabas’ attorney Gary Freedman, the bankruptcy trustee declined to discuss the merits of the ...

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Chapter 7 Bankruptcy Lawyers in New York Provide Bankruptcy Information - PRLog (free press release)

05/24/12

The only reason you want to consider filing for Chapter 7 Bankruptcy with a Bankruptcy Lawyer in Bay Shore, Long Island NY is if you are over your head in debt. Chapter 7 Bankruptcy Lawyers in East Islip will analyze your situation first and determine if ...

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This Bankruptcy Is Radioactive - Wall Street Journal

05/24/12

Impact Services Inc. of Oak Ridge, Tenn., owes between $10 million and $50 million to creditors, according to the Chapter 7 petition filed with the U.S. Bankruptcy Court in Wilmington, Del. Under Chapter 7, a business is wound down and its ...

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