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Sands Anderson PC
Sands Anderson Report on First Day Hearing in Bankruptcy Filings of Alpha Natural Resources

by Roy M. Terry, Jr. Lawyers from the bankruptcy team of Sands Anderson attended “first day” hearings in the Chapter 11 bankruptcy case of Alpha Natural Resources, Inc. (“Alpha”) and its 149 related companies held on August...

Kathy Bazoian Phelps
July 2015 Ponzi Scheme Roundup

Below is a summary of the activity reported for July 2015. The reported stories reflect: 10 guilty pleas or convictions in pending cases; over 166 years of newly imposed sentences for people involved in Ponzi schemes; at least 11 new Ponzi schemes involving...

Stephen Sather
Fifth Circuit Bankruptcy Report: June 2015

This month's Fifth Circuit report doesn't have a lot of bankruptcy sizzle: an interesting case on abstention and remand, two unpublished cases about how not to reserve a claim under a plan and a case about suing a trustee. However, there are some...

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Kelley Drye & Warren LLP
Energy Future Holdings – More Bad News for Bondholders on Make-Whole Premiums

by Ben Feder For the second time in the past few months, Judge Christopher Sontchi has dashed the hopes of certain creditors in the Energy Future Holdings (“ EFH ”) chapter 11 case that they would be paid a make-whole premium worth over...

Stephen Sather
Supreme Court Says Lawyers Don't Get Paid for Defending Their Fees

A Texas law firm did a great job and beat back a punitive attack on their fees. However, the Supreme Court has ruled that they may not receive compensation for defending their work. Baker Botts, LLP v. ASARCO, LLC , No. 14-103, 2015 U.S. LEXIS 3920 (6...

Kelley Drye & Warren LLP
Baker Botts v. Asarco: The Supreme Court Shows Again That It Really Doesn’t Understand Corporate Bankruptcy Cases

by Ben Feder The Supreme Court has not handled its recent major bankruptcy decisions well. The jurisdictional confusion engendered by its 2011 decision in Stern v. Marshall was only partially clarified by this term’s opinion in Wellness International...