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News and information on bankruptcy and bankruptcy law
By Adina Solomon | June 28, 2017
Practice Profile: Simon concentrates his practice on corporate restructuring and bankruptcy. His focus is on protecting and advancing the interests of…
1 minute read
By Brian Baxter | June 26, 2017
Japanese auto parts manufacturer Takata Corp. has turned to Weil, Gotshal & Manges and two other firms as it pursues a $1.6 billion sale to Key Safety Systems Inc. The proposed acquirer, advised by Skadden, Arps, Slate, Meagher & Flom, is owned by China's Ningbo Joyson Electronic Corp. Big legal fees loom on the horizon.
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By Samantha Joseph | June 26, 2017
Good news for wealthy Miami businessman Leonidas Ortega Trujillo: A U.S. bankruptcy judge discharged a $600 million judgment against him, but the ruling is likely to be appealed.
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By Catherine Wilson | June 26, 2017
Consumer litigation against major automakers moves forward after Takata seeks bankruptcy protection.
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By therecorder | The Recorder | June 23, 2017
9th Cir.; 12-17241 The court of appeals affirmed a judgment. The court held that the appropriate cram-down valuation of a building was its value as it…
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By thelegalintelligencer | The Legal Intelligencer | June 23, 2017
District Court properly affirmed bankruptcy court's granting of a grace period to debtors who made the final payment on their base plan a few weeks after the end of the 60-month period because the bankruptcy court had the discretion under the code to grant a reasonable grace period for debtors to cure an arrearage. Affirmed.
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By newyorklawjournal | New York Law Journal | June 22, 2017
Firm Barred From Asserting 'Known' Fraud Claim It Did Not List as Asset in Bankruptcy
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By Roy Strom | June 22, 2017
A U.S. bankruptcy judge in Chicago recently approved payments to Kirkland, Jones Day and Proskauer Rose in the Chapter 11 case of casino and hotel giant Caesars Entertainment. The bankruptcy, winding down after nearly two years of proceedings, has brought more than $125 million collectively into those three firms' coffers.
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By David A. Samole, The Bankruptcy Strategist | June 22, 2017
For the remainder of 2017, due in part to the current uncertainty in the healthcare industry and its legislative oversight, more financially distressed providers are considering Chapter 11 bankruptcy to effectuate closures, consolidation, restructurings and related transactions.
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By Corinne Ball | June 22, 2017
In her Distress Mergers and Acquisitions column, Corinne Ball discusses renewed attempts by GM to defend against lawsuits stemming from alleged wrongdoings of its predecessor. GM argues that the tort claims brought against it are barred on a new theory based on a recent Second Circuit decision in 'In re Tronox'.
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