News Topic: Uncategorized

A prominent lawyers group is defending the right of bankruptcy judges to have the final say in their courtrooms, a right upon which a 2011 Supreme Court ruling has cast doubt. The American Bar Association , whose 400,000 members include many of the ... Read full article

LightSquared on Friday sued Dish Network Corp. and Chairman Charlie Ergen, saying Mr. Ergen illegally purchased LightSquared debt before Dish bid on the company’s assets. Read the Daily Bankruptcy Review story in The Wall Street Journal . ... Read full article

Carlos Osorio/Associated Press A view of the city of Detroit from midtown. Union leaders are criticizing Detroit’s attempt to hide the amount of money that ... Read full article

More details are emerging of a dispute between Dish Network ’s Charlie Ergen and a committee set up to evaluate a deal for LightSquared, The Wall Street Journal reports . ... Read full article

Puerto Rico’s El Vocero newspaper could soon get a new owner that would preserve its voice on the 3.6 million-resident island. ... Read full article

Puerto Rico’s El Vocero newspaper could soon get a new owner that would preserve its voice on the 3.6 million-resident island. ... Read full article

More details are emerging of a dispute between Dish Network ’s Charlie Ergen and a committee set up to evaluate a deal for LightSquared, The Wall Street Journal reports . ... Read full article

Carlos Osorio/Associated Press A view of the city of Detroit from midtown. Union leaders are criticizing Detroit’s attempt to hide the amount of money that ... Read full article

Puerto Rico’s struggling Spanish-language newspaper El Vocero has a survival strategy to avoid becoming yet another victim of the consolidation wave sweeping the media industry. Attorneys who put the daily newspaper into bankruptcy in September want to ... Read full article

Alitalia’s shareholders meet Monday to vote on raising €500 million ($677 million) in a plan that could bring the Italian government back as an owner of the airline, five years after privatization of the carrier cost taxpayers billions of euros, The Wall ... Read full article

The government’s bankruptcy watchdog is balking at Furniture Brands International’s bid to hand out more than $5 million in bonuses to a group of key employees, including several company insiders, the Daily Bankruptcy Review reports. ... Read full article

Patriot Coal reached a settlement with Peabody Energy Corp. that provides funding for a union retiree benefits fund and will allow the coal mining company to exit bankruptcy by the end of the year. Read the story in the Daily Bankruptcy Review . ... Read full article

Bondholders of Downey Financial Corp. won big Tuesday when a bankruptcy judge said the former home lender, not the Federal Deposit Insurance Corp., has top claim on a $374 million tax refund. Read the Daily Bankruptcy Review story via The Wall Street ... Read full article

By Joseph Checkler and Stephanie Gleason U.S. bankruptcy courts remain open for business, but the government shutdown leaves them far from full strength. Only one third of the employees from the U.S. Trustee Program, the Justice Department unit that ... Read full article

On September 13 th , the Liquidating Trustee (the “Trustee”) in the Graceway Pharmaceuticals (“Graceway”) bankruptcy filed preference complaints against approximately 25 different defendants. The Trustee is seeking to avoid and recover what he contends ... Read full article

Reuters Bob Guccione leaves the federal courthouse in New York in this 2002 file photo. A battle over Penthouse founder Bob Guccione’s secret archive of un ... Read full article

Associated Press After Hostess Brands’ bankruptcy liquidation, Twinkies made their return to store shelves this summer. ... Read full article

Patriot Coal Corp. on Friday filed its plan to leave Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review article here . ... Read full article