A bankruptcy judge Tuesday rebuffed TelexFree LLC’s efforts to keep its Chapter 11 proceedings out of Massachusetts, where most of the company’s assets and operations are based. The Daily Bankruptcy Review article is available here.
In less than a week, Nortel Networks’ U.S., Canadian and European divisions will launch a courtroom contest over $7.3 billion in cash, a massive, innovative, cross-border six-week trial that will test…well, something.
LightSquared’s reorganization plan gives too much to value to the wireless venture’s top shareholder, Philip Falcone, and shouldn’t be approved, a lawyer for Dish Network Corp. Chairman Charlie Ergen said Monday. Read the Daily Bankruptcy Review article via The Wall Street Journal.
GSE Environmental Inc. placed its North American operations under Chapter 11 bankruptcy protection on Sunday, with a plan to hand them off to secured lenders. Read the Daily Bankruptcy Review article in The Wall Street Journal.
Energy Future Holdings’ bid to restructure some $42 billion in debt under bankruptcy protection isn’t just the biggest busted LBO in history.
It’s also something of a full employment act for bankruptcy lawyers, especially now that cracks are showing in what the Texas energy company calls a “prearranged” restructuring.
