LexisNexis® Legal Newsroom
Kathy Bazoian Phelps
September 2015 Ponzi Scheme Roundup

Below is a summary of the activity reported for September 2015. The reported stories reflect: 5 guilty pleas or convictions in pending cases; over 41 years of newly imposed sentences for people involved in Ponzi schemes; at least 3 new Ponzi schemes;...

Stephen Sather
After Woerner, Courts Look for "Good Gambles"

You've got to know when to hold 'em Know when to fold 'em Know when to walk away And know when to run --Kenny Rogers, The Gambler After the Fifth Circuit’s opinion in Barron & Newburger, P.C. v. Texas Skyline Ltd. (Matter of Woerner...

Stephen Sather
Texas Judges Explore State Law on Liens and Homestead Exemptions

Much state law regarding liens and property rights emerges from the Bankruptcy Courts because they are frequently the first to confront novel issues. Two recent opinions from the Western District of Texas bankruptcy judges confirm this trend. In one case...

Kelley Drye & Warren LLP
Energy Future Holdings – Another Major Success for Chapter 11 Mediation?

by Ben Feder Mediation has become an invaluable tool in large chapter 11 cases . Traditionally viewed as a means for resolving discrete disputes between a debtor’s estate and an adversary party, in recent years mediation in certain complex cases...

Vandeventer Black LLP
Understanding the Automatic Stay in a Debtor-General Contractor Bankruptcy Case

by Shalanda Franklin What do you do when the general contractor files for bankruptcy before paying your invoices? When you receive notice that a general contractor of a project that you have been involved with has filed for bankruptcy, you must immediately...

Sands Anderson PC
Sands Anderson Report on Creditors Committee Formation in Alpha Natural Resources Chapter 11

by Roy M. Terry, Jr. An Official Committee of Unsecured Creditors (“the Committee”) was appointed on Wednesday, August 12, 2015 in the Chapter 11 case of Alpha Natural Resources, Inc. (“ ANR “). ANR’s bankruptcy case was...