I just received this memorandum from Judge Pat E.
Morgenstern-Clarren of the Northern District of Ohio and thought it was worth
M E M O R A N D U M
TO: All attorneys with bankruptcy cases on my docket
FROM: Judge Pat E. Morgenstern...
Orr , the emergency manager appointed by Michigan
Governor Rick Snyder to try to resolve the Detroit financial crisis ,
has effectively replaced the Detroit mayor, former
NBA legend Dave Bing . However, it is Orr who in the upcoming weeks
Two years ago in Stern v Marshall [ an enhanced version of this opinion is available to lexis.com subscribers ], the Supreme Court surprised many observers by placing constitutional limits on the jurisdiction of the United States Bankruptcy Courts. The...
Circuit Court of Appeals issued a summary order this week upholding the
aggressively unfavorable treatment of a senior secured creditor under the
reorganization plan (the "Plan") of DBSD North America, f/k/a ICO North America
Fred Wilpon, the owner of the New York Mets , was a
close friend of Bernie Madoff, and it has been generally believed since the
outset of the scandal that Wilpon, his family and affiliated enterprises lost
hundreds of millions in the great Ponzi scheme...
The Chapter 11 filing of the Los Angeles Dodgers is a desperate move by Frank McCourt to try to maintain his ownership of the team. At least McCourt, whatever his shortcomings as a major league franchise owner, chose wisely in selecting bankruptcy lawyers...
by Ben Feder
Specialty chapter 11 case began in what has become all too typical
fashion. The company, overleveraged and short of cash, had no choice but
to accept a lifeline extended by its second lien secured lender, a private