People

The Daily Docket: Asarco Wins Latest Round Against India’s Sesa Sterlite

08/20/14

India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy Review.

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The Daily Docket: EFH Creditors Want Answers From IRS

08/14/14

Creditors threatened with big losses in Energy Future Holdings Corp.’s bankruptcy case are demanding answers about the tax issues they say are driving the big Dallas power seller’s strategy for restructuring its $42 billion debt load. Read the Daily Bankruptcy Review article here.

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Bankruptcy Beat Snapshot: Stephen Darr

08/11/14

Stephen Darr is no stranger to complex bankruptcies, but one case tops the list.

In June, a bankruptcy judge authorized Mr. Darr to take control of TelexFree LLC, a Massachusetts-based company accused by federal securities regulators of operating a massive pyramid scheme.

“I’ve been involved in a lot of interesting cases,” said Mr. Darr, a senior managing director at Mesirow Financial Consulting LLC in Boston. “TelexFree is number one.”

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The Broke and the Beautiful: Arresting Edition

08/08/14

This week on The Broke and the Beautiful, a bankruptcy judge recommends jail time for Joe Francis, and Gordon Ramsay has some debt on his plate. Also, Luther Elliss wants to help prevent football players from needing to file for bankruptcy.

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Coming and Going Concerns

08/07/14

David Benick has joined consulting firm Gavin/Solmonese as a senior director and will work with the litigation consulting team. He has experience in bankruptcy valuation, dispute valuation and other types of valuations. Most recently, Mr. Benick worked with advisory firm Grant Thornton. He is a member of the American Bankruptcy Institute and the Turnaround Management Association.

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The Broke and the Beautiful: Ne-Yo Edition

08/01/14

This week on The Broke and the Beautiful, Ne-Yo’s accusing his ex-manager, who invested his money in a company that went bankrupt, of conning him. Also, investor and reality-TV host Marcus Lemonis owns a bakery that supplied cupcakes to Crumbs.

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Crumbs Suitor Lemonis a Cupcake Critic—And Cupcake Baker, Too

07/30/14
Marcus Lemonis (right), the CEO of an RV and camping company, during a scene from The Profit, his CNBC business-makeover show.
Heidi Gutman/CNBC
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The Daily Docket: Argentina Just Hours From Debt Default

07/30/14

A group Argentina banks are working on a last-minute plan to help the country avoid default, The Wall Street Journal reports.

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