It’s been a big week for corporate bankruptcies, which trailed off earlier this year from the peak levels of 2009 and 2010 but have begun to mount again recently amid fears of a double-dip recession. At the same time the spate of actual filings didn’t stop the insolvency-minded from focusing their attention on others that might be looming.
Consider American Airlines parent AMR, whose shares plunged early in the week after a series of reports speculating about a possible bankruptcy spooked investors about the state of the Fort Worth–based company’s financial health. Despite losing a third of their value, AMR shares had rallied by Friday and fears about a potential Chapter 11 filing appeared to have dissipated. (AMR generated plenty of nonbankruptcy legal work this summer through a massive plane purchase and the spin-off of regional carrier American Eagle.)
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
