Recent Posts

Federal Regulators: Corzine Misused Funds, ‘Responsible’ For MF Global’s Collapse
Posted on 28 Jun 2013 by James Cordrey

NEW YORK — (Mealey’s) The U.S. Commodities Futures Trading Commission (CFTC) on June 27 filed a civil complaint in the U.S. District Court for the Southern District of New York, alleging that Jon S. Corzine, as CEO of bankrupt MF Global Holdings... Read More

Dewey & LeBoeuf Files For Chapter 11 Bankruptcy
Posted on 29 May 2012 by Joan Grossman

NEW YORK - (Mealey's) The law firm of Dewey & LeBoeuf filed for Chapter 11 bankruptcy on May 28 in New York, listing between $100 million and $500 million in liabilities ( In re: Dewey & LeBoeuf , No. 12-12321, Chapter 11, S.D. N.Y. Bkcy.... Read More

High Court: Debtor May Not Sell Property Free Of Lien; Must Allow Credit-Bidding
Posted on 29 May 2012 by Joan Grossman

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on May 29 affirmed that a debtor company may not obtain confirmation of a nonconsensual Chapter 11 plan that permits the debtor to sell collateral free and clear of a creditor bank's lien without... Read More

U.S. High Court Will Hear Chapter 11 Case Dealing With Secured Creditor Rights
Posted on 14 Dec 2011 by James Cordrey

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Dec. 12 said it will hear a case in which a debtor hotel chain is seeking to pursue Chapter 11 bankruptcy in which it proposes to sell its assets free of liens without allowing the secured creditor... Read More

Supreme Court Will Not Hear Equitable Mootness Doctrine Appeal By Debenture Trust
Posted on 29 Apr 2013 by Gregg Lawson

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on April 29 denied a petition for certiorari in which a debenture trust company argued that the Second Circuit U.S. Court of Appeals inappropriately applied the doctrine of equitable mootness in... Read More

Pfizer Faces Asbestos Actions After Supreme Court Declines To Hear Case
Posted on 25 Jun 2013 by Emerson Heffner

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on June 24 denied a bid for certiorari by Pfizer Inc. of a ruling removing the protection for Pfizer of a bankruptcy injunction barring asbestos personal injury claims entered in the case of a defunct... Read More