The U.S. Supreme Court will rule this term in RadLAX
Gateway Hotel Inc. v. Amalgamated Bank on whether the Bankruptcy Code
permits a debtor in a chapter 11 case to sell encumbered assets without
providing the secured lender an opportunity to credit...
Series as exciting as any in memory ended two weeks ago. Notwithstanding
the end of the season, the Los Angeles Dodgers' chapter 11 case offered the
promise of more baseball-related thrills. Dodger's owner Frank McCourt and
Jed S. Rakoff last week largely sided with Fred Wilpon and Saul Katz, the
owners of the New York
Mets , and their families and affiliated enterprises (the "Wilpon/Katz
Group") on their motion to dismiss the adversary proceeding brought...
Last week's Chapter 11 filing by NewPage Corporation , a company
with assets and liabilities in the billions of dollars, stands as a relative
rarity in the current restructuring environment. Running contrary to the " new
normal " in larger...
Fred Wilpon, Saul
Katz, and their families and affiliated enterprises (the "Wilpon/Katz
Group") last week formally requested the dismissal of the adversary proceeding
commenced by Irving Picard, the trustee
of Bernard L. Madoff Investment...
of last year's decision on credit bidding by the Third Circuit Court of Appeals
in the Philadelphia Newspapers chapter 11 case welcomed the Seventh Circuit's recent
unanimous opinion in River Road Hotel Partners LLC . The Seventh
The Chapter 11 filing of the Los Angeles Dodgers is a desperate move by Frank McCourt to try to maintain his ownership of the team. At least McCourt, whatever his shortcomings as a major league franchise owner, chose wisely in selecting bankruptcy lawyers...