HOUSTON - The Official Committee of Unsecured Creditors of ATP Oil & Gas Corp. on Feb. 10 filed an emergency motion in the U.S. Bankruptcy Court for the Southern District of Texas seeking the appointment of a Chapter 11 trustee or conversion of the proceeding to Chapter 7 liquidation (In Re: ATP Oil & Gas Corporation, No. 12-36187, Chapter 11, S.D. Texas Bkcy.).
WILMINGTON, Del. - Bankrupt alternative energy company Satcon Technology Corp. on Feb. 5 filed an emergency motion for an order converting its proceeding to a Chapter 7 bankruptcy because it has received no viable offers for selling its assets (In Re: Satcon Technology Corporation, No. 12-12869, Chapter 11, D. Del. Bkcy.).
CHICAGO - An Illinois judge on Jan. 28 granted a plaintiff's emergency bill of discovery in a wrongful death action filed following a fatal condominium fire, ordering the defendants to preserve 911 tapes and other documents (Patricia Fasula v. Lakefront Condominium Association, et al., No. 2013CH02209, Ill. Cir., Cook Co.).
HOUSTON - A Texas federal judge on Jan. 23 denied a professional liability insurer's emergency motion to stay an arbitration proceeding between its law firm insured and an underlying claimant, one month after ruling that the insurer has a duty to defend its insured in the arbitration (OneBeacon Insurance Company v. T. Wade Welch & Associates, et al., No. H-11-3061, S.D. Texas).
BOSTON - A Massachusetts bankruptcy judge on Jan. 23 scheduled a hearing on an emergency motion by unsecured creditors to try to freeze $21 million the creditors say was transferred in the past year to insiders of New England Compounding Pharmacy Inc. (NECP), the company at the center of a fungal meningitis outbreak (In Re: New England Compounding Pharmacy, Inc., No. 12-19882, D. Mass., E. Div.).
HARRISBURG, Pa. - A federal judge in Pennsylvania on Jan. 9 dismissed a lawsuit brought by members of the Harrisburg City Council against Pennsylvania Gov. Tom Corbett, ruling that the city council lacked standing to sue the governor under the due process clause of the 14th amendment to the U.S. Constitution for his decision to declare a fiscal emergency and seek the appointment of a receiver when the city was approaching bankruptcy (Wanda R.D. Williams, et al. v. Governor Thomas W. Corbett, No. 12-1211, M.D. Pa.).
NEW YORK - Bankrupt Pinnacle Airlines Corp. on Jan. 2 moved in the U.S. Bankruptcy Court for the Southern District of New York for approval of an additional $52 million in post-petition financing, which the airline says will allow it to emerge from Chapter 11 bankruptcy (In Re: Pinnacle Airlines Corp., No. 12-11343, Chapter 11, S.D. N.Y. Bkcy.).
WILMINGTON, Del. - The Tribune Co. officially emerged from Chapter 11 bankruptcy on Dec. 31 as the bankruptcy judge in the U.S. Bankruptcy Court for the District of Delaware confirmed the company's fourth amended plan of reorganization, which will be funded by $1.4 billion in new loans (In Re: Tribune Company, No. 08-13141, Chapter 11, D. Del. Bkcy.).
WILMINGTON, Del. - The Chapter 7 trustee in the bankruptcy proceeding of Open Range Communications Inc. on Dec. 18 filed an emergency motion in the U.S. Bankruptcy Court for the District of Delaware calling for an order approving a settlement between himself and a group of defendants to avoid costly and complex litigation the trustee has filed to recover assets for the bankruptcy estate (Charles M. Forman v. One Equity Partners III, et al. [In Re: Open Range Communications Inc.], Adv. Proc. No. 12-50739, No. 11-13188, Chapter 7, D. Del. Bkcy.).
NEW YORK - Bankrupt pharmaceutical firm K-V Discovery Solutions Inc. on Dec. 11 moved in the U.S. Bankruptcy Court for the Southern District of New York for approval of an $85 million deal for post-petition financing, which the company says will enable it to emerge from Chapter 11 bankruptcy (In Re: K-V Discovery Solutions Inc, No. 12-113346, Chapter 11, S.D. N.Y. Bkcy.).
WASHINGTON, D.C. - Standard Chartered Bank (SCB) has agreed to the forfeiture of $227 million to the U.S. Department of Justice and to pay a $100 million penalty to the Federal Reserve Board for violating the International Emergency Economic Powers Act (IEEPA) by engaging in what is being deemed illegal transactions with a number of sanctioned entities, according to a press release issued on Dec. 11 by the U.S. Attorney's Office for the District of Columbia.
KANSAS CITY, Mo. - The Western District Missouri Court of Appeals, Division Two, on Dec. 4 affirmed a trial court ruling denying Medicaid coverage for kidney dialysis treatment to a "legal alien." The appeals court concluded that while a legal alien may receive Medicaid benefits after living in the country for five years or more, or for seeking emergency treatment, the plaintiff had resided in the United States for only three years and her condition was not considered an emergency under state and federal law (Bertha Cruz v. Mo. Department of Social Services, No. WD74667, Mo. App., Western Dist., Div. 2; 2012 Mo. App. LEXIS 1537).
ATLANTA - The Georgia Court of Appeals on Nov. 28 overturned summary judgment for the defendants in a medical malpractice action, concluding that the plaintiffs presented evidence showing that a delay in proper medical attention led to a man's finger being amputated (Ryan S. Dailey, et al. v. Dr. Gihan Abdul-Samed, et al., No. A12A1109, Ga. App.; 2012 Ga. App. LEXIS 1002).
WILMINGTON, Del. - A group of secured creditors in the Chapter 11 bankruptcy of alternative energy company Satcon Technology Corp. (STC) on Nov. 27 filed a brief in the U.S. Bankruptcy Court for the District of Delaware objecting to the debtor's emergency motion seeking authorization to enter a settlement in which it would incur post-petition trade debt (In Re: Satcon Technology Corporation, No. 12-12869, Chapter 11, D. Del. Bkcy.).
NEW YORK - The chairman of the restructuring group in the Chapter 11 bankruptcy case of Eastman Kodak Co. on Nov. 19 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York arguing that the bankruptcy court should approve additional post-petition funding for Kodak to emerge from bankruptcy quickly (In Re: Eastman Kodak Company, No. 12-10202, Chapter 11, S.D. N.Y. Bkcy.).
CHICAGO - Bankrupt Tribune Co. on Nov. 16 issued a statement in which it said that based on the approval it has gained from the Federal Communications Commission for broadcast licenses, the company will be able to emerge from Chapter 11 bankruptcy (In Re: Tribune Company, No. 08-13141, Chapter 11, D. Del. Bkcy.). Subscriber may view the statement available within the full article.
ALBANY, N.Y. - The New York Court of Appeals on Oct. 30 affirmed an appellate court order that the state's Department Of Health failed, and will likely continue to fail, to timely respond to requests for emergency medical assistance benefits. The high court agreed that the "likely to recur" mootness doctrine should be applied to the plaintiff's claim seeking damages for lack of notification of benefits availability (Barbara Coleman, etc., v. Richard F. Daines, M.D., etc., No. 152, N.Y. App.; 2012 N.Y. LEXIS 3263).
ATWATER, Calif. - An official in the City of Atwater, Calif., on Oct. 8 confirmed that the City Council has declared a fiscal emergency, which is seen as the first step toward officially filing for Chapter 9 bankruptcy.
ATWATER, Calif. - The Atwater City Council on Sept. 19 issued a report in which it recommended that the city manager declare a fiscal emergency pursuant to state code in order to prepare the way for the municipality to file a Chapter 9 bankruptcy petition.
SEATTLE - Student loan borrowers and a subsidiary of SLM Corp. on Sept. 17 agreed to settle claims that the subsidiary violated the Telephone Consumer Protection Act (TCPA), 47 U.S.C.S. § 227, by making a number of non-emergency autodialed calls and/or automated text messages to the borrowers' cellular telephones in an attempt to collect on outstanding student loan debt, according to documents filed in a Washington federal court (Mark A. Arthur, et al. v. Sallie Mae Inc., No. 10-0198, W.D. Wash.).
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SACRAMENTO, Calif. - A California federal judge on Sept. 6 denied a defendant's request for an emergency stay in a longstanding trademark infringement case (CytoSport Inc. v. Vital Pharmaceuticals Inc., No. 08-2632, E.D. Calif.). Subscribers may view the decision available within the full article.
PHILADELPHIA - A panel of the Third Circuit U.S. Court of Appeals on Sept. 10 dismissed as moot a creditor's motion seeking an emergency stay of a bond order in the Chapter 11 bankruptcy proceeding of Tribune Co. (In Re: Tribune Company, No. 12-3437, Chapter 11, 3rd Cir.). Subscribers may view the order available within the full article.
LOS ANGELES - The Ninth Circuit U.S. Court of Appeals on Sept. 6 accepted Lorillard Tobacco Co.'s appeal of a remand order and ordered expedited briefing but denied its emergency motion seeking to stay the state court asbestos case set for trial (Dimitris O. Couscouris, et al. v. Hatch Grinding Wheels Inc., et al., No. 12-56446, 9th Cir.).Subscribers may view the order available within the full article.
SAN BERNARDINO, Calif. - The City Council for San Bernardino, Calif., on Sept. 5 approved an emergency budget that will reduce expenses by 30 percent and aims to reduce the city's $45 million deficit to slightly more than $16.42 million (In Re: City of San Bernardino, California, No. 12-28006, Chapter 9, C.D. Calif. Bkcy.). Subscribers may view the emergency budget available within the full article.
NEW YORK - The CEO of bankrupt Hostess Brands Inc. on Aug. 20 sent a letter to employees indicating that the company had reached a breakthrough with its largest union regarding modification to the collective bargaining agreement (CBA), which may help pave the way for Hostess to emerge from bankruptcy (In Re: Hostess Brands Inc., No. 12-22052, Chapter 11, S.D. N.Y. Bkcy.).