From the category archives:

Bankruptcy

Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The U.S. trustee in the Chapter 11 bankruptcy of liquor company Central European Distribution Corp. (CEDC) on April 22 filed a brief objecting to the debtor’s motion seeking approval a $ 172 million investment agreement on grounds that the assumption of the contract at the heart of the […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The federal bankruptcy judge presiding over the Chapter 9 proceeding of Jefferson County, Ala., on April 15 ruled that an insurer who alleges that it was fraudulently induced to provide $ 378 million in insurance coverage could not pursue its lawsuit because of the automatic stay (In Re: […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Trinity Place Holdings Inc., an entity formed out of bankrupt Syms Corp., on April 11 filed a brief in the U.S. Bankruptcy Court for the District of Delaware, arguing that Syms should not be required to pay rent on various buildings based on the wording of the leases […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The federal bankruptcy judge presiding over the Chapter 11 bankruptcy of Hostess Brands Inc. on April 9 approved the sale of the company’s bread assets to Mountain States Bakeries LLC, which paid a deposit of $ 1.5 million in anticipation of the full purchase price of $ 28.85 […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Bankrupt financial group Residential Capital LLC (ResCap) on April 9 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York defending its plan to pay $ 7.8 million in bonuses to key employees on grounds that it complies with the Bankruptcy Code (In […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Bankrupt grocer The Great Atlantic & Pacific Tea Co. Inc. (A&P) on March 27 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York objecting to certain proofs of claim and contending that they should be disallowed (In Re: The Great Atlantic & […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The Securities Investor Protection Act (SIPA) trustee in the MF Global Inc. (MFGI) bankruptcy on March 19 announced that he had reached a settlement agreement with JP Morgan Chase Bank N.A. that will return $ 300 million to commodities customers who had money invested with MFGI (In Re: […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The U.S. trustee in the Chapter 11 bankruptcy of Hawker Beechcraft Inc. on March 14 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York objecting to various firms’ applications for more than $ 19.31 million in compensation and reimbursement of expenses (In […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The U.S. trustee in the Chapter 11 bankruptcy of Hostess Brands Inc. on March 6 filed a brief arguing that the attorneys and professionals seeking more than $ 8.89 million in fees and expenses should receive only a percentage of that money because it is unclear at this […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The federal bankruptcy judge presiding over the Chapter 11 proceeding of former law firm Rothstein Rosenfeldt Adler (RRA) on Feb. 26 agreed to a settlement in which TD Bank will pay $ 41 million to resolve allegations that it committed fraud and aided in money laundering as part […]

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