Bankruptcy Code

Bankruptcy Code News

  • GM Move to Freeze Lawsuits May Cut Customer Payouts by Billions

    General Motors Co.’s move to freeze ignition-defect lawsuits in California and Texas has solid legal precedent behind it and could help slash customer demands for compensation by billions of dollars.

  • Supreme Court Doesn't Help Madoff Trustee: Bankruptcy

    The Bernard Madoff trustee, who will try to reinstate hundreds of lawsuits through an appeal to be argued March 5 in Manhattan, had his chances of success dealt a blow last week when the U.S. Supreme Court decided a case involving R. Allen Stanford’s Ponzi scheme.

  • U.S. Patents Protected in Foreign Cases: Bankruptcy

    A foreign company enlisting the assistance of U.S. courts under Chapter 15 of the Bankruptcy Code is barred from terminating licenses of U.S. patents, according to an opinion by the U.S. Court of Appeals in Richmond, Virginia.

  • LightSquared Judge Says She Can’t Reject Reorganization

    Philip Falcone’s LightSquared Inc. persuaded a judge to let it go forward with a bankruptcy plan that will punish Dish Network Corp. Chairman Charles Ergen, a creditor and onetime bidder for the wireless company, if he doesn’t go along.

  • Mt. Gox Shielded From U.S. Suits During Japan Bankruptcy

    Mt. Gox Co., the Bitcoin exchange that filed for bankruptcy in Tokyo after millions of dollars’ worth of virtual currency vanished from customer accounts, won a temporary halt to lawsuits it faces in the U.S.

  • LightSquared Pushes Ergen to Give In or Risk $1 Billion

    Philip Falcone’s LightSquared Inc. proposed a bankruptcy plan that would punish Dish Network Corp. Chairman Charles Ergen, a creditor and onetime bidder for the wireless company, if he doesn’t go along.

  • Syms, Ambac, Jefferson County, Peregrine: Bankruptcy

    Dissident Syms Corp. creditors are dissatisfied with the plan negotiated by the official creditors’ committee and intend to block approval of the reorganization plan in bankruptcy court at the Aug. 29 confirmation hearing.

  • AMR Antitrust Judge Limits Union Court Briefs: Bankruptcy

    Unions representing workers at AMR Corp. and its intended merger partner, US Airways Group Inc., will be able to submit friend-of-the-court briefs for an antitrust trial -- within limits.

  • Regulators Should Add Bankruptcy Code, Hildebrand Says

    Current rules on banking regulation should be supplemented by a “special cross-border bankruptcy code” to strengthen the industry’s resilience in case of a credit squeeze, former Swiss central bank president Philipp Hildebrand, who will join BlackRock Inc. as vice chairman Oct. 1, said at an event in Singapore today.

  • Too Big to Fail? Then Get a Living Will

    Jamie Dimon’s congressional testimony on trading losses has again stirred debate on the notion of “too-big-to-fail” banks.

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