News

Ex-Frontier CEO Sean Menkeresigns from Pinnacle Airlines - Denver Post

04/20/12

He and Pinnacle chief operating officer John Spanjers , who will succeed Menke as Pinnacle chief, have been criticized for taking large salary increases as concessions were sought from employees, suppliers and others as part of Chapter 11 ...

[more]

Attorney Tanya Lundberg Added to Collins, Einhorn, Farrell & Ulanoff P.C. Professional Liability Gro - PR-USA.net

04/20/12

real estate litigation and bankruptcy matters. She has achieved successful outcomes for clients at the state, federal and appellate courts as well as various forms of alternative dispute resolution. The Wayne State University Law School alumna is admitted ...

[more]

Dewey & LeBoeuf Said to Consider Prepackaged Bankruptcy - New York Times

04/20/12

Dewey & LeBoeuf is contemplating a prearranged bankruptcy filing, in which the ailing law firm would reach an agreement with its creditors over a reorganization plan while simultaneously combining with another firm, according to a person with ...

[more]

AL high court allows city bankruptcies to proceed - Associated Press

04/20/12

MONTGOMERY, Ala. (AP) — The Alabama Supreme Court paved the way for the city of Pritchard to move forward with a nearly 3-year-old filing for bankruptcy. The ruling released on Friday says cities don't need to have bond debt in order to declare bankruptcy.

[more]

Behind the Worker Revolt at American Airlines - Businessweek

04/20/12

After all, the two biggest airlines in the world—United (UAL) and Delta—now financially perform, in part, because they made deep cuts during their own bankruptcy cases. A few cuts here and there, a skeptic could say, will not make a healthy airline.

[more]

Dewey & LeBoeuf Said to Be Considering Bankruptcy - Businessweek

04/20/12

The Wall Street Journal reported the possible bankruptcy filing earlier today. Yesterday Bennett denied reports that Albert Togut, a bankruptcy attorney with the firm Togut Segal & Segal LLP, had been hired to advise Dewey. Togut didn’t return ...

[more]

Alabama Supreme Court rules counties can file bankruptcy - Everything Alabama Blog

04/20/12

The Alabama Supreme Court today ruled that state law authorizes cities and counties to file Chapter 9 bankruptcy. The court decided on a case involving whether the city of Prichard was eligible for bankruptcy. Jefferson County officials said ...

[more]

Alabama Supreme Court ruling allows Prichard bankruptcy to move forward - Everything Alabama Blog

04/20/12

The bankruptcy case was put on hold while the Supreme Court considered that question. "It is clear that the legislature intended to authorize every county, city, town and municipal authority organized (under state law) to file for federal ...

[more]

Supreme Court to take up credit-bidding issue - Marketwatch

04/20/12

bankruptcy judge for help in probing possible lawsuits ... Cerberus declined to comment on the investigation, citing ongoing litigation. While the committee will ask the court to require cooperation with its probe, NewPage's first-lien lenders ...

[more]

US Airways Inches Closer To American Airlines Merger - Huffington Post

04/20/12

enabling it to exit the Chapter 11 bankruptcy process and restore American Airlines to a preeminent position in the airline industry." According to Parker's SEC letter, there are still a number of steps that US Airways would need to take before ...

[more]