News Topic: Real Estate

Phil Falcone’s Harbinger Capital Partners LLC sued Dish Network Corp.Chairman Charlie Ergen  for fraud, accusing him of secretly acquiring the debt of LightSquared Inc. in order to take control of the telecommunications firm and its wireless spectrum ... Read full article

Taiwanese shipping company TMT Group is gearing up for a fight over its right to remain in bankruptcy protection in the U.S. Read the Daily Bankruptcy Review article here . ... Read full article

As mentioned in a recent blog post, the American Bankruptcy Institute has established a Commission to Study the Reform of Chapter 11 . A video of testimony before the Commission's June 4, 2013 field hearing in New York is available below. ... Read full article

The American Bankruptcy Institute has established a Commission to Study the Reform of Chapter 11 . ... Read full article

Residential Capital LLC is suing a group of junior bondholders to block them from wresting control of the subprime mortgage lender’s bankruptcy case. Read the Daily Bankruptcy Review article here . ... Read full article

Struggling shipping company Excel Maritime Carriers Ltd. is nearing a restructuring deal with its lenders but could still have to file for Chapter 11 in the U.S., according to a person familiar with the matter. Read the Daily Bankruptcy Review article ... Read full article

A judge on Wednesday said Lehman Brothers Holdings Inc. creditors can subpoena Bruno Iksil in its lawsuit against J.P. Morgan Chase & Co., ensuring the phrase “London Whale” will stay in the lexicon for at least a bit longer. Read the Daily Bankruptcy ... Read full article

Ally Financial Inc. mortgage subsidiary Residential Capital LLC said bondholders wishing to file their own reorganization plan just want the Chapter 11 case to become one “replete with competing plans and open warfare.” Read the Daily Bankruptcy Review ... Read full article

By: Andrew Richmond St. John’s Law Student ... Read full article

Associated Press Government-backed battery maker A123 Systems Inc. ... Read full article

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LightSquared’s lenders Wednesday pressed their case that they should be allowed to go after Phil Falcone and his Harbinger Capital Partners hedge fund firm for a July 2011 loan made to LightSquared, a transaction they say benefited Harbinger and could ... Read full article

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K-V Pharmaceutical Co. said it will pay Hologic Inc. ... Read full article

Associated Press Chocolate Twinkies Hostess Brands Inc. ... Read full article

A year into Jefferson County, Ala.’s historic bankruptcy, its elected leaders aren’t the ones who are fully in control of the case’s direction. Neither are the brightest attorneys hired by Wall Street banks to protect their $3.2 billion investment in the ... Read full article

Arcapita Bank’s unsecured creditors say a proposed $150 million financing package from Silver Point Finance LLC is structured to benefit the lender at other creditors’ expense and to preclude the company from pursuing other options. Read the Daily ... Read full article

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