WSJcomBankruptcyBeat

Coming and Going Concerns

09/25/14

The London and Frankfurt offices of law firm Bingham McCutchen, as well as a number of partners from the firm’s Hong Kong office, will join Akin Gump in a move that will open Akin Gump’s first office in Germany.

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The Daily Docket: Revel Auction to Resume Tuesday

09/25/14
Getty Images

An auction to sell Atlantic City, N.J.’s Revel Casino Hotel will resume next week after no winner was chosen Wednesday afternoon.

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Marc Dreier Pens Legal Plea From Prison

09/24/14
Marc Dreier
Associated Press

Imprisoned ex-lawyer Marc Dreier is back to writing legal pleas, this time on his own behalf.

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The Daily Docket: Indiana Toll Road Restructuring on the Fast Track

09/24/14

The operator of the Indiana Toll Road’s fast-track restructuring is under way, with an October court date to secure approval of its plan to tackle some $6 billion in debt. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Ex-Dewey Executive D’Alessandro Can’t Shake $9 Million Suit

09/23/14

A bankruptcy judge Tuesday shut down an attempt by a former Dewey & LeBoeuf LLP executive to dismiss a lawsuit claiming he owes the defunct firm’s creditors $9.3 million.

Dewey’s bankruptcy trustee in March sued the executive, former Chief Operating Officer Dennis D’Alessandro, seeking the return of more than $9 million in salary, bonuses and other compensation that he received from 2008 until the firm’s 2012 collapse.

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Bankruptcy Judge: Felon’s Name Must Stay on Scoreboard

09/23/14
Cal Poly fullback Akaninyene Umoh, front left, congratulates linebacker Johnny Millard after Cal Poly’s 42-14 victory over Northern Colorado in November 2013.
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The Daily Docket: Judge Holds Off Approving MF Global Payment

09/23/14

MF Global’s creditors, who have waited nearly three years to get paid, will have to wait a little longer after a bankruptcy judge Monday held off approving its bid to repay them $295 million. Read the Daily Bankruptcy Review article in The Wall Street Journal.

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Former Howrey Partners Contribute Another $1.5 Million

09/22/14

Three-and-a-half years after Howrey LLP shut its doors, another 31 former partners of the bankrupt law firm have agreed to chip in money to pay back Howrey’s creditors.

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The Daily Docket: Indiana Toll Road Operator Files for Bankruptcy

09/22/14

The debt-stricken operator of an Indiana Toll Road filed for bankruptcy protection Sunday with a plan to get restructure some $6 billion debt by selling its assets or, alternatively, reorganizing its business. Read the Daily Bankruptcy Review article here.

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Forward Motions: MF Global Seeks to Begin Creditor Payouts

09/19/14

Next week in bankruptcy, MF Global Inc. will ask a bankruptcy judge to authorize a $295 million payout to its creditors.

On Monday, Judge Martin Glenn of the U.S. Bankruptcy Court in Manhattan will hear the request.

Creditors have waited nearly three years as all but a few individual brokerage and commodity customers received 100% of payments owed.

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