People

American Airlines Seeks to Tap Claim Reserves to Pay Shareholders

04/10/15

Wednesday in New York, American Airlines Group Inc. will ask a judge if it can distribute more than $230 million in stock it had set aside for claims disputes in its predecessor’s chapter 11 case.

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Lehman Brothers’ Richard Fuld to Speak in NYC in Late May

04/03/15
Reuters

Richard Fuld, who was chief executive of Lehman Brothers Holdings Inc., has been largely out of the public eye since the firm collapsed in 2008. But that’s set to change next month.

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The Daily Docket: Judge to Approve Revel Sale to Glenn Straub

04/03/15
This May 30, 2014, photo shows the former Revel Casino Hotel in Atlantic City, N.J.
Wayne Parry/Associated Press

A bankruptcy judge Thursday said she wou

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The Daily Docket: Altegrity Files Restructuring Plan

03/31/15

Altegrity Inc., which gained notoriety for vetting former National Security Agency contractor Edward Snowden, said its restructuring plan would pay general unsecured creditors just over two cents on the dollar for their claims. Read the Daily Bankruptcy Review article here.

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Bankrupt Security Firm Tapped Former Joint Chiefs Chairman

03/30/15

As US Investigations Services was working to hang on to hundreds of millions of dollars in federal contracts, the security screening firm called on a former chairman of the Joint Chiefs of Staff, Michael G. Mullen, for help.

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Kanye West Seeks to Buy Streetwear Retailer Karmaloop

03/27/15

This week on The Broke and the Beautiful, Kanye West wants to buy Karmaloop, Parma hits another bump in the road, and U.K. boxer Ricky Burns was declared bankrupt.

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Coming and Going Concerns

03/26/15

Christopher Celentino has become a managing partner at the San Diego office of Ballard Spahr. Mr. Celentino, a bankruptcy and transactional finance partner at the law firm, has experience in chapter 7, chapter 11 and chapter 13 bankruptcies. He also has worked on areas including creditors’ rights, workouts and fiduciary services litigation and has represented lenders and other parties.

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Judge Approves Deal for American Sniper’s Widow

03/26/15
In this April 6, 2012 file photo, Chris Kyle, a former Navy SEAL and author of the book “American Sniper,” poses in Midlothian, Texas.
Paul Moseley/The Fort Worth Star-Telegr
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As Lifestyle Lift Fortunes Sag, Doctors Unite to Help Patients

03/19/15

In early March, Dr. David Santos faced an unwelcome setback at the Seattle office of plastic-surgery chain Lifestyle Lift: an eviction notice.

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The Daily Docket: Quicksilver Resources Enters Bankruptcy

03/18/15

Texas oil-and-gas company Quicksilver Resources Inc. filed for bankruptcy protection Tuesday after failing to find a buyer amid falling oil prices. The Wall Street Journal has the Daily Bankruptcy Review article here.

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