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Aseem Gupta
Puerto Rican Agencies Added To Restructuring

The number of entities engaged in Puerto Rico’s restructuring doubled over the weekend to four, as the board overseeing the U.S. territory’s bankruptcy-like process filed relief petitions for the island’s largest public pension system...

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Aseem Gupta
Maxus Ch. 11 Plan Confirmed With Support From Creditors

Bankrupt oil and gas firm Maxus Energy Corp. received court approval Monday in Delaware for its Chapter 11 plan of liquidation after reaching consensus with its creditors to create three post-bankruptcy trusts to administer its assets.

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Daniel M. Kowalski
EB-5 Green Card, Ethics and Trump - Cyrus Mehta

Cyrus Mehta, May 22, 2017 - "The EB-5 green card program for foreign investors is very much in the news due to its connection with President Trump! A series of news reports have highlighted the Kushner family’s attempt to raise funds through...

Aseem Gupta
Bankrupt Avaya Attacked Over Survivor Benefits

The widow of a former Avaya Inc. worker told a New York bankruptcy court on Sunday that she and other recipients of survivorship benefits cannot be shoved aside in the tech company's bankruptcy, citing appellate precedent in which an Avaya ancestor...

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Aseem Gupta
2nd Circ. OKs Nixing Of Fund's $230M Madoff Claim Sale

A New York bankruptcy court was right to scrap the sale of a $230 million claim by the liquidator for an offshore Bernard L. Madoff feeder fund to a hedge fund, the Second Circuit affirmed on Monday, saying offshore Chapter 15 sales are still subject...

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Aseem Gupta
Embattled NYC Taxi Mogul Sues Accountants For Malpractice

A New York City taxi mogul who’s been accused of trying to duck his creditors has gone on the offensive with a state court lawsuit accusing his accountants of failing their basic responsibilities and sharing information — some sensitive, some...

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