Law Advice

NEW YORK – The federal bankruptcy judge presiding over the Chapter 11 case of MF Global Holdings Ltd. on Feb. 1 denied a request by MF Global’s commodities customers who sought an order directing the trustee to distribute the assets in the bankruptcy estate (In Re: MF Global Holdings Ltd., No. 11-15059, Chapter 11, S.D. [...]

REFILE-FEATURE-Law grads go to court for bankruptcy protectionReuters(refiles because of technical error related to the use of brackets) * Default rates doubled from 2008 to 2010-Access Group * Major law firms slash 5% of jobs since 2008 * Legal median salary not enough to cover median debt * New ABA rule calls for …Law grads [...]

Law grads go to court for bankruptcy protectionChicago Tribune(Reuters) – When Diana Valle decided to intern at a bankruptcy firm during law school, she had no idea how useful the experience would prove – in her own case. Shortly before graduating from the University of Maryland School of Law, the 26-year-old …and more » View full [...]

Law grads go to court for bankruptcy protectionReutersBy Leigh Jones and Moira Herbst (Reuters) – When Diana Valle decided to intern at a bankruptcy firm during law school, she had no idea how useful the experience would prove – in her own case. Shortly before graduating from the University of Maryland …and more » View full [...]

Bankruptcy looms as mayor threatens legal actionThe Brown Daily HeraldTaveras has threatened legal action if an agreement with nonprofits cannot be reached cooperatively. Taveras also demanded sacrifices from retirees at the morning press conference, calling for the suspension of cost-of-living increases in retiree …and more » View full post on legal – Google News

SAN FRANCISCO – A federal bankruptcy court had the discretion to decline to enforce an arbitration provision in a settlement agreement between Thorpe Insulation Co. and one of its insurers because resolution of the insurer’s claims for breach of the agreement was a core proceeding in Thorpe’s Chapter 11 case and having an arbitrator decide [...]

With former federal judge and FBI director Louis Freeh and Hughes Hubbard & Reed corporate reorganization co-chair James Giddens set in their roles as trustees for bankrupt MF Global Holdings, several Am Law 100 and international firms are angling to help unwind the defunct derivatives broker. View full post on Law.com – Newswire

NEW YORK – The federal bankruptcy judge presiding over the Chapter 11 proceeding of American Airlines and its parent company, AMR Corp., on Jan. 27 issued an order approving restrictions on the transfer of certain assets in the estate (In Re: AMR Corporation, No. 11-15463, Chapter 11, S.D. N.Y. Bkcy.). View full post on LexisNexis® [...]

RICHMOND, Va. – The trustee liquidating a subsidiary of bankrupt Land America Financial Group Inc. on Jan. 26 moved in bankruptcy court for an order approving a $ 37.85 million settlement with Lloyd’s of London to resolve an insurance coverage dispute (In Re: Land America Financial Group Inc., No. 08-35994, Chapter 11, E.D. Va. Bkcy.). [...]

WILMINGTON, Del. – The bankruptcy judge presiding over the Chapter 11 proceeding of Filene’s Basement in the U.S. Bankruptcy Court for the District of Delaware on Jan. 24 ruled that creditor access to confidential and privileged information was limited (In Re: Filene’s Basement LLC, No. 11-13511, Chapter 11, D. Del. Bkcy.). View full post on [...]