United States

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/23/fdic-wins-malpractice-suit-against-law-firm-over-5m-loan.aspx 05/23/2013 03:03:20 PM EST FDIC Wins Malpractice Suit Against Law Firm Over $5M Loan Posted by Law360: Bankruptcy A Florida federal jury Wednesday sided with the Federal Deposit Insurance Corp. in its malpractice suit against Icard Merrill Cullis Timm Furen & Ginsburg over the firm’s representation of a developer in a $5.3 million real… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/23/trustee-says-girls-gone-wild-founder-can-t-stop-ch-11.aspx 05/23/2013 03:10:13 PM EST Trustee Says ‘Girls Gone Wild’ Founder Can’t Stop Ch. 11 Posted by Law360: Bankruptcy The trustee overseeing the California “Girls Gone Wild” bankruptcy derided efforts by founder Joe Francis to halt the bankruptcy of a subsidiary involved in the purportedly fraudulent overseas transfer of company trademarks on Thursday, saying his… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/23/9th-circ-relieves-broke-law-school-grad-of-student-debt.aspx 05/23/2013 04:19:11 PM EST 9th Circ. Relieves Broke Law School Grad Of Student Debt Posted by Law360: Bankruptcy The Ninth Circuit ruled Thursday that a broke law school graduate who amassed $85,000 in student debt wasn’t obligated to repay the loans because he couldn’t find a job that would pay him enough to satisfy… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/23/full-speed-ahead-for-bankrupt-pe-owned-ohio-printers.aspx 05/23/2013 05:14:28 PM EST Full Speed Ahead For Bankrupt PE-Owned Ohio Printers Posted by Law360: Bankruptcy A bankruptcy judge in Delaware on Thursday approved the first-day requests of Ohio-based sister commercial printing companies D.B. Hess and The Press of Ohio, both owned by private equity firm Wellspring Capital Management LLC, including up to $20… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/23/school-specialty-gets-ch-11-plan-confirmed.aspx 05/23/2013 05:35:53 PM EST School Specialty Gets Ch. 11 Plan Confirmed Posted by Law360: Bankruptcy School Specialty Inc. won confirmation of its Chapter 11 plan Thursday, with a Delaware bankruptcy judge giving the green light to a reorganization that will see the educational supply company emerge from court protection owned by its noteholders. Read… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/23/highway-tech-looks-to-unload-equipment-quickly-in-ch-11.aspx 05/23/2013 05:36:34 PM EST Highway Tech Looks To Unload Equipment Quickly In Ch. 11 Posted by Law360: Bankruptcy A Delaware bankruptcy judge gave the nod Thursday for many of Highway Technologies Inc.’s first-day requests, including up to $3 million in bankruptcy financing and permission to immediately sell signs and other equipment the company had… Continue Reading

http://www.lexology.com/library/detail.aspx?g=68fb2350-424a-4547-92d9-b5832c309f72&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+Other+states+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2013-05-24&utm_term= Involuntary bankruptcy petitions dismissed where alter ego status was disputed May 17 2013 The United States Bankruptcy Court for the Southern District of New York granted motions to dismiss involuntary Chapter 7 petitions filed against TPG Troy LLC and T3 Troy LLC (the Troy Entities). Petitioners filed numerous actions against the Troy Entities in… Continue Reading

http://www.lexology.com/library/detail.aspx?g=84867a0c-d883-4ff7-a433-66906e587a16&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+Other+states+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2013-05-24&utm_term= Mississippi District Court defers to New York court in bond action May 17 2013 The United States District Court for the Northern District of Mississippi denied the motion of defendant ACA Financial Guaranty Corporation (ACA) to dismiss a class action complaint, finding that the issues were previously adjudicated adversely to ACA in the New… Continue Reading

http://www.lexology.com/library/detail.aspx?g=4236d33f-b09d-4c7a-8a69-22076f4f2139&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+Other+states+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2013-05-24&utm_term= Judgment creditor collaterally estopped by default judgment against insured May 20 2013 The United States District Court for the Northern District of Georgia, applying Georgia law, has held that a default judgment against an insured in a rescission action precluded any subsequent recovery under the policy by a judgment creditor of the insured. Old… Continue Reading

http://www.lexology.com/library/detail.aspx?g=ca6e3fce-847e-47dc-95dc-883353295a4f&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+Federal+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2013-05-24&utm_term= Lehman reaching beyond the grave May 21 2013 Lehman is demanding millions of dollars from non-profits As widely reported, in the latest Lehman bankruptcy “fundraiser,” managers of the Lehman estate are now demanding millions of dollars from non-profit retirement homes, colleges and hospitals.  Lehman claims that it was somehow “shortchanged” by multiple non-profit organizations… Continue Reading