Recent Posts

Bankruptcy's Unique Characteristics Prompt Special Guidance From ABA Working Group
Posted on 5 Oct 2012 by LexisNexis Litigation Resource Community Staff

Earlier this year the ABA ESI in Bankruptcy Working Group issued interim guidelines on the "scope and timing" of a party's obligation to preserve ESI in bankruptcy cases. The group comprises both sitting and former judges, bankruptcy and... Read More

John D. Eaton Joins Rasco Klock Reininger Perez Esquenazi Vigil And Nieto
Posted on 25 Mar 2011 by LexisNexis Litigation Resource Community Staff

CORAL GABLES, Fla. - Bankruptcy and creditors rights attorney John D. Eaton has joined Rasco Klock Reininger Perez Esquenazi Vigil and Nieto's Bankruptcy Team. Eaton's practice is focused on matters regarding creditors rights, and specifically... Read More

Judge Hears From Farmers In Lawsuit Against Pilgrim's Pride
Posted on 21 Jun 2011 by LexisNexis Litigation Resource Community Staff

FORT WORTH, Texas - (AP) A federal judge heard more testimony Friday from farmers who allege poultry giant Pilgrim's Pride closed plants and ran them out of business to manipulate commodity chicken prices, which they say violated a Depression-era... Read More

WaMu Bank Bondholders Settle For $335 Million
Posted on 7 Oct 2010 by LexisNexis Litigation Resource Community Staff

SEATTLE - (AP) A group of Washington Mutual creditors have signed on to a settlement that pushes the bank's reorganization plan a step closer to approval. Washington Mutual Bank bondholders agreed to a $335 million settlement, according to an amended... Read More

Lawsuits Filed Against Jesuits In Oregon Bankruptcy Court
Posted on 22 Feb 2011 by LexisNexis Litigation Resource Community Staff

PORTLAND, Ore. - (AP) Attorneys representing a group of people who allege sexual abuse by Jesuit priests have filed 37 lawsuits in U.S. Bankruptcy Court in Portland, seeking about $3.1 million. The Oregonian reports that the lawsuits f iled late Thursday... Read More

Gibraltar Pays $65 Million To Settle Rothstein Ponzi Claims
Posted on 18 Sep 2012 by Michael J. Lello

FORT LAUDERDALE, Fla. - (Mealey's) The trustee for a bankrupt feeder fund and the trustee of convicted Ponzi schemer Scott W. Rothstein's law firm have agreed to an amended $65 million settlement with Gibraltar Private Bank and Trust Co., a bank... Read More

W.R. Grace, Insurers Reach $84 Million Settlement
Posted on 11 Jan 2011 by Cheryl Keely

WILMINGTON, Del. - (Mealey's) After a hearing Jan. 10, the bankruptcy judge overseeing W.R. Grace & Co.'s Chapter 11 case in a Delaware bankruptcy court approved an $84 million settlement between the company and a group of insurers to resolve... Read More

Bankruptcy Judge Again Denies Confirmation Of Pittsburgh Corning's Reorganization Plan
Posted on 20 Jun 2011 by Emerson Heffner

PITTSBURGH - (Mealey's) Changes that Pittsburgh Corning Corp. (PCC) made to its Chapter 11 plan of reorganization following denial of plan confirmation in 2006 have not made the plan confirmable, though the plan's problems can still be fixed,... Read More

Supreme Court: Bankruptcy Lawyers Not Entitled To Fees For Defending Fee Requests
Posted on 16 Jun 2015 by Emerson Heffner

WASHINGTON, D.C. — (Mealey’s) The U.S. Bankruptcy Code does not allow bankruptcy courts to award fees to attorneys for successfully defending their fee applications, the U.S. Supreme Court held June 15 in a 6-3 decision, affirming a Fifth... Read More

Citing $6.75 Billion In Debt, Eastman Kodak Files Chapter 11 Bankruptcy
Posted on 19 Jan 2012 by James Cordrey

NEW YORK -- The Eastman Kodak Co. filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York on Jan. 19, citing $6.75 billion in debt ( In Re: The Eastman Kodak Company , No. 12-10202, Chapter 11, S.D... Read More

Garlock Sealing Files For Chapter 11 Bankruptcy
Posted on 7 Jun 2010 by Cheryl Keely

CHARLOTTE, N.C. - (Mealey's) Garlock Sealing Technologies on June 5 filed a voluntary petition for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Western District of North Carolina to establish a trust to resolve all current and future... Read More

With Debts Of $493.2 Million, Charter Airline For U.S. Military Files For Chapter 11 Bankruptcy
Posted on 6 Feb 2012 by James Cordrey

BROOKLYN, N.Y. - (Mealey's) Global Aviation Holdings Inc. (GAH), the largest charter airline provider to the U.S. military, filed for Chapter 11 bankruptcy Feb. 5 in the U.S. Bankruptcy Court for the Eastern District of New York, citing $493.2 million... Read More

Asbestos Claims Against Quigley Parent Pfizer Allowed By 2nd Circuit
Posted on 11 Apr 2012 by Emerson Heffner

NEW YORK - (Mealey's) Personal injury suits seeking to hold Pfizer Inc. liable for asbestos-containing products manufactured by bankrupt subsidiary Quigley Co. Inc. under an "apparent manufacturer" theory of liability are not barred by an... Read More

GM, EPA Reach $23.79 Million Agreement On Superfund Cleanup Costs
Posted on 31 Jan 2012 by James Cordrey

NEW YORK - (Mealey's) The liquidation company for bankrupt General Motors Corp. on Jan. 30 reached a $23.79 million settlement with the U.S. Environmental Protection Agency to resolve environmental liabilities related to Superfund sites in three states... Read More

Judge Denies Quigley Company's Plan Of Reorganization
Posted on 9 Sep 2010 by Cheryl Keely

NEW YORK - (Mealey's) Finding that Pfizer Inc. manipulated creditor votes in seeking support for a plan of reorganization for its wholly owned subsidiary Quigley Co. Inc., a New York bankruptcy judge on Sept. 8 denied Quigley's plan of reorganization... Read More