WSJcomBankruptcyBeat

New Stream’s Ex-Employees to Take the Fifth

10/11/12

The feds will decide within six months whether those involved with New Stream Capital LLC will face criminal charges, but until then, founder David Bryson and other ex-employees will be taking the Fifth Amendment and refusing to answer questions about the “hedge fund” operation that dabbled in the life-settlement business, as well as T-shirts, jewelry operations and real estate, court papers say.

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The Daily Docket: Hostess Files Bankruptcy Plan

10/11/12
Associated Press

After winning crucial labor relief, Hostess Brands Inc. filed its plan to pay creditors and emerge from Chapter 11 protection.

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Judge Approves Dewey Partner Settlement, Slaps Down Objectors

10/10/12
Bloomberg

Bankruptcy proceedings are speeding right along for failed law firm Dewey & LeBoeuf LLP (notwithstanding an 

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The Daily Docket: American Eagle Pilots Accept Labor Deal

10/10/12

A majority of American Eagle pilots have voted in favor of a new labor agreement between their union and AMR Corp., the regional airline’s parent. Read the Daily Bankruptcy Review article here.

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Dewey Puts Artwork Up for Auction

10/09/12
Reuters

Dewey & LeBoeuf is putting its art collection on the auction block.

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The Daily Docket: Pinnacle Unions Balk at Airline’s Attempts to Scrap Contract

10/09/12

Pinnacle Airlines Corp.'s thousands of pilots and flight attendants are objecting to the airline’s bid to scrap their contracts, a move the regional carrier says is necessary to exit bankruptcy protection. Read the Daily Bankruptcy Review article here.

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Marijuana Dispensary’s Chapter 11 Case Burns Out

10/08/12
Associated Press

It’s been more than a month since San Diego medical-marijuana dispensary Mother Earth Alternative Healing Cooperative

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The Daily Docket: Arcapita Creditors Oppose Proposed Financing

10/08/12

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 Bankruptcy Review article here.

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Stern Clouds Lift, Bankruptcy Judges Say

10/05/12

It’s been well over a year since the U.S. Supreme Court handed down a decision in Stern vs. Marshall that called into question the authority of bankruptcy judges to decide certain issues. Although some of the storm has calmed since then, according to a group of bankruptcy judges speaking on a panel at an American Bankruptcy Institute conference in Washington Friday, it’s clear that the wound is still fresh.

“I was offended by the opinion,” said Judge Mary Walrath of the U.S. Bankruptcy Court in Wilmington, Del., referring to the 5-4 Supreme Court decision.

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The Broke and the Beautiful: Going Broke Edition

10/05/12

This week on The Broke and the Beautiful, it’s a sports bonanza. A director documents how sports stars go broke, Michael Vick has spent some money, Curt Schilling might need to sell a bloody sock, and much, much more!

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