United States

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/20/harrisburg-demonstrates-danger-of-public-statements.aspx 05/20/2013 08:03:46 AM EST Harrisburg Demonstrates Danger Of Public Statements Posted by Law360: Bankruptcy The U.S. Securities and Exchange Commission has long made clear that when information about a municipal issuer is reasonably expected to reach investors and the trading markets, those disclosures are subject to the anti-fraud provisions. But the recent Harrisburg, Pa.,… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/20/bankrupt-norse-holding-land-hostage-suit-says.aspx 05/20/2013 10:38:49 AM EST Bankrupt Norse Holding Land Hostage, Suit Says Posted by Law360: Bankruptcy Dozens of New York landowners hit oil and gas producer Norse Energy USA with an adversary suit Friday, claiming the bankrupt company is holding their land hostage with expired leases while it waits for a hydraulic fracturing moratorium to… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/20/fdic-loses-fight-over-30m-in-imperial-capital-bankruptcy.aspx 05/20/2013 11:05:38 AM EST FDIC Loses Fight Over $30M In Imperial Capital Bankruptcy Posted by Law360: Bankruptcy A California judge on Thursday rejected a bid by the Federal Deposit Insurance Corp. to claim $30 million in tax refunds as the receiver of the failed Imperial Capital Bank, saying the funds belong instead to the… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/20/q-amp-a-with-arent-fox-s-aram-ordubegian.aspx 05/20/2013 11:33:40 AM EST Q&A With Arent Fox’s Aram Ordubegian Posted by Law360: Bankruptcy There have been several attempts throughout the last 15 years to add a separate small-business chapter to the Bankruptcy Code, which would streamline the reorganization process for middle-market companies without harming the creditors’ rights to the highest possible distribution, says… Continue Reading

http://blogs.wsj.com/bankruptcy/2013/05/20/the-daily-docket-aurelius-scores-big-in-tousas-grand-bargain/?mod=WSJBlog The Daily Docket: Aurelius Scores Big in Tousa’s ‘Grand Bargain’ May 20, 2013 By Patrick Fitzgerald Florida home builder Tousa Inc ., which collapsed five years ago when the housing bubble popped, is seeking approval of a Chapter 11 plan that proposes to pay bondholders hundreds of millions of dollars, a big win for… Continue Reading

http://hoboken411.com/archives/760 Club H Fitness files for bankruptcy in Hoboken, NJ 21 MAY 2013 Chapter 11 for Club H Fitness – what’s in store for future? Hoboken411 reader Adam clued us into this, and wanted current and future members as well as the general public to know about it, “so they can make an educated decision… Continue Reading

http://www.pionline.com/article/20130520/DAILYREG/130529993& CalPERS seeks to bar law firm in San Bernardino’s bankruptcy By Bloomberg | May 20, 2013 1:37 pm CalPERS is trying to ban a law firm from representing a creditor in the bankruptcy of the city of San Bernardino. The $265.5 billion California Public Employees’ Retirement System, Sacramento, accused the law firm of Winston… Continue Reading

http://www.ledger-enquirer.com/2013/05/20/2510488/judge-gives-final-approval-to.html Judge gives final approval to A123 bankruptcy plan May 20, 2013 By RANDALL CHASE — AP Business Writer WILMINGTON, Del. — A Delaware bankruptcy judge has given final approval to the reorganization plan of failed battery maker A123 Systems Inc., which was the recipient of a $249 million Department of Energy grant. Monday’s court… Continue Reading

http://economictimes.indiatimes.com/news/international-business/morgan-stanley-sued-in-pay-to-play-retirement-plan-case/articleshow/20158579.cms Morgan Stanley sued in ‘pay-to-play’ retirement plan case By Reuters | 20 May, 2013 Morgan Stanley has been sued by an Alabama medical laboratory that claims it steered retirement plan business to ING US Inc and others in exchange for extra fees in an illegal “pay-to-play” scheme.Skin Pathology Associates Inc. filed suit in federal… Continue Reading

http://www.reuters.com/article/2013/05/20/usa-detroit-debt-idUSL2N0DX2AK20130520?feedType=RSS&feedName=bankruptcyNews RPT-For Detroit in crisis, next six weeks determine bankruptcy fate Mon May 20, 2013 6:59am EDT By Bernie Woodall and Karen Pierog DETROIT May 19 (Reuters) – Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit’s emergency financial manager tries to meet… Continue Reading