ABI Blog Exchange

New Delaware Chapter 11 Filing – Outer Harbor Terminal, LLC

2016-02-01

Outer Harbor Terminal, LLC (a/k/a Ports America Outer Harbor Terminal, LLC), the former lessor and operator of the Outer Harbor Terminal in Oakland, California, has filed a chapter 11 petition before the United States Bankruptcy Court for the Distric

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Let Me Be Clear: Fifth Circuit Holds Generic Plan Release Language Lacks Specificity to Discharge Creditor’s Claims Against Officer of the Debtor

2016-02-01

When it comes to releases, plan proponents generally agree the broader the better. But when plan proponents include far reaching and all-encompassing language in hopes of securing a release for every possible claim under the sun, they sometimes over

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Martin Shkreli’s Failed Last Play for a Pharmaceutical Coup

2016-02-01

Martin Shkreli, center, leaves the courthouse after his arraignment in New York on Dec. 17.

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Read More from: WSJ.com: Bankruptcy Beat

Delaware Rejects Fee-Defense Indemnification in Boomerang Tube Case

2016-02-01

(I’m told that these are “Boomerang Tubes”) Back in September, we blogged about two pending Delaware bankruptcy cases regarding fee-defense costs after Baker Botts, L.L.P. v. ASARCO: In re Boomerang Tube, LLC, et al.

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Pot Banking 2016: More State Ballots But Continued Unease

2016-02-01

The marijuana industry is still hampered by its own banking crisis, but the rigidity of federal laws is not stopping all advances in financial services for the sector.

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Can a Discharge in Bankruptcy be Taken Away After a Judge Grants the Discharge?

2016-02-01

It is rare for a discharge to be taken away or revoked by a Bankruptcy Judge after it has been granted, but it does occur. Reasons for Revocation of Discharge

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New Case Filing – Chapter 11 – SFX Entertainment, Inc.

2016-02-01

SFX Entertainment, Inc. (NASDAQ: SFXE) and many of its affiliates, which hold live electronic-music events, have commenced cases (Lead Case No.

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Put the ‘Community’ Back Into Community Hospital Bankruptcies

2016-02-01

When a community hospital closes or is sold to a for-profit operator, there is a loss to the community. Despite protestations by for-profit operators, a community loses something of value by the conversion of a nonprofit hospital to a for-profit hosp

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Read More from: WSJ.com: Bankruptcy Beat

New Case Filing – Chapter 11 – Extreme Plastics Plus, Inc.

2016-02-01

Extreme Plastics Plus, Inc., which produces specialized environmental containment solutions, has commenced a case (Lead Case No.

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Here Is What's Wrong with Millennial Marketing

2016-02-01

The best customer prospects are specific individuals, so don't fall into the trap laid by surveys and articles that recommend a grand pitch to Generation Y as a marketing strategy.

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New Delaware Chapter 11 Filing – RCS Capital Corporation

2016-02-01

RCS Capital Corporation (OTC: RCAP), a full-service investment firm focused on individual retail investors, and eleven affiliated debtors have filed a chapter 11 petition before the United States Bankruptcy Court

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More Bad News for Bankruptcy Professionals – Baker Botts v ASARCO is Back Like a Boomerang

2016-02-01

Last June, the Supreme Court issued a ruling in Baker Botts LLP v.

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Morning Scan: Inter-Bank Borrowing Turmoil; Barclays, Credit Suisse in $154M Settlement

2016-02-01

Wall Street Journal

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Brokerage Firm RCS Capital Enters Bankruptcy

2016-02-01

New York-based brokerage firm RCS Capital Corp. filed for bankruptcy with nearly $2 billion in debt.

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Read More from: WSJ.com: Bankruptcy Beat

Objections to Applications Which Include Indemnification for Defense of Fees Sustained

2016-02-01

In the recent opinion of In re Boomerang Inc., et al., Case No. 15-11247 (Bankr. D. Del. Jan.

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Read More from: Delaware Bankruptcy Litigation

January 2016 Ponzi Scheme Roundup

2016-01-31

Posted by Kathy Bazoian PhelpsBelow is a summary of the activity reported for January 2016.

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Contract Law and Ukraine's $3 Billion Debt

2016-01-31

The Russian government has announced announced that it plans to initiate legal proceedings against Ukraine by the end of the month to recover the $3

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Money Center of America – Motion to Intervene Granted

2016-01-29

In a 16 page opinion released January 28, 2016 in the Casino Caribbean, et al. v. Money Centers of America adversary proceeding (Bank. D. Del. Adv. No. 14-50437), Judge Christopher S.

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Read More from: Delaware Bankruptcy Litigation

Committee Formation Meeting for Verso Corporation, et al.

2016-01-29

Upcoming Committee Formation Meeting: February 5, 2016, 10:00 a.m. Case Name: Verso Corporation, et al. Case Number: 16-10163 (KG)

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American Apparel Sells Ultra-Hip Oak Stores Back to Founders

2016-01-29

Photo source: Oak

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Read More from: WSJ.com: Bankruptcy Beat

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