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...
The well known travails of Fred Wilpon, the principal
owner of the New York Mets, have all converged this past week. He, his
partner Saul Katz and their families and affiliated enterprises (the
"Wilpon/Katz Group") lost several hundred million...
The U.S. Court of Appeals for the Seventh Circuit has
taken under advisement the latest case involving the now contentious issue of
Judge Bruce Black
of the United States Bankruptcy Court for the Northern District of Illinois
the trustee overseeing the liquidation of Bernard L. Madoff Investment
Securites ("BLMIS") , has filed an amended complaint
(the "Amended Complaint") that seeks to buttress his allegations against Fred Wilpon and...