ABI Blog Exchange

Selig Threatens to Kick Dodgers Out of MLB

Reuters Bud Selig Major League Baseball is willing to boot the Los Angeles Dodgers from its ranks if the league can’t come to terms with the team’s embattled owner Frank McCourt in bankruptcy court. Attorneys for MLB Commissioner Bud Selig said the

A Big First Step for Spotting Systemic Risks

Three leading global financial organizations have sanctioned the concept of a "legal entity identifier," a standard code for every corporate and institutional market participant.

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Security is the Enemy of Achitecture

The Austin Bankruptcy Court is housed in the Homer Thornberry Judicial Building. When the building was converted from a post office to a courthouse, the designers included an elegant entryway. Alas, this was before Oklahoma City and 9/11. Now the

Bankrupt Airline Flies Again on TV

Associated Press An image release from ABC shows the cast of “Pan Am.” Pan American World Airways landed in bankruptcy and shut down two decades ago, but the airline took off again Sunday evening with the television premiere of “Pan Am.” The defunct

The Stern Files (second edition)

In our first edition of the Stern Files we summarized decisions applying the Supreme Court’s ruling in Stern v. Marshall, No. 10-179, 2011 WL 2472792 (U.S. June 23, 2011). As our second edition demonstrates, the courts continue to grapple with the

Intentional and Fraudulently Undervaluing Assets in Bankruptcy

In a case handed down by the First Circuit Court of Appeals earlier this month, the Court stated that a bankruptcy debtor who was denied a discharge was valid because the debtor "intentionally and fraudulently omitted" and undervalued assets from his

A Look Back at Access Shareholder Proposals in 2007

As we prepare for the upcoming proxy season and the answer to the question of whether we will see many, any, or only a few targeted, proxy access shareholder proposals (see the Davis Polk memo), we look back to the last time when proponents had the

A Look Back at Access Shareholder Proposals in 2007

As we prepare for the upcoming proxy season and the answer to the question of whether we will see many, any, or only a few targeted, proxy access shareholder proposals (see the Davis Polk memo), we look back to the last time when proponents had the

Single Employer Liability Arising From WARN Act Violations: Guidance for Distressed-Business Investors

By: Bonnie Glantz Fatell and Stanley B. Tarr A recent decision from the Bankruptcy Court for the District of Delaware, D'Amico v. Tweeter Opco LLC (In re Tweeter Opco LLC), cautions private equity firms and other entities that invest in and lend to

Bankruptcy Myths and Facts: What You Don’t Know Will Hurt You

There are many myths and misconceptions about bankruptcy. While some would hope that these myths were harmless, the fact is that many of these untruths are terribly harmful to debtors. Let’s take a look at some of these myths so we can get to the

The Daily Docket: Lehman Fees Top $1.36B

The fees charged by the army of lawyers, accountants and consultants working on Lehman Brothers Holdings Inc.’s Chapter 11 case topped $1.36 billion last month as the estate paid $34 million in professional bills. Read the Daily Bankruptcy Review

Relief from Stay denied after mortgage company can't produce the note.

After the debtor filed a chapter 7 bankruptcy, his mortgage company file a motion for relief in order to start foreclosure proceedings. The court denied the motion for relief because the mortgage company could not show which rights the company has in

Lindenhurst Bankruptcy Attorney On When Creditors Will Stop Calling

Link How long after I file will the creditors stop calling. That’s anybody’s guess. You have to allow for the receipt of mail. So assuming that you file on the first day on a given month, I would say within a week after that filing, the creditors

A Look Back at Access Shareholder Proposals in 2007

As we prepare for the upcoming proxy season and the answer to the question of whether we will see many, any, or only a few targeted, proxy access shareholder proposals ( see the Davis Polk memo), we look back to the last time when proponents had the

A Look Back at Access Shareholder Proposals in 2007

As we prepare for the upcoming proxy season and the answer to the question of whether we will see many, any, or only a few targeted, proxy access shareholder proposals (see the Davis Polk memo), we look back to the last time when proponents had the

Sbarro, Inc. Files August 2011 Monthly Operating Report

Howrey LLP Files Monthly Operating Report for August; Assets Keep Falling

Benn And The Tax Refund Exemption In Bankruptcy

Sometimes a strategy causes more harm than good. Many long-accepted Missouri bankruptcy exemptions have become uncertain or been lost due to one such case. This is the story of how one strategy blew up to create dangerous uncertainty for consumers

Big Change in Graduate School Loans Flew Under the Radar

When Congress recently compromised on balancing the budget, it chose to “save” Pell grants for undergraduates by throwing Stafford Loan for graduate students under the bus. It is unclear why this particular horse trade was necessary, and I am not