Bankruptcy News
- Anadarko, Tronox trial halted for settlement talks
The oil and gas producer and paint materials company have adjourned a fight over environmental liabilities to try and work out a settlement of their $25 billion dispute.
- Valence Technology files for Chapter 11 bankruptcy
The battery maker said it filed voluntarily to boost liquidity and focus on its core lithium phosphate business.
- Two investors strike out in Madoff-related cases
Arbitration panels shot down most claims in separate bids to recover money from funds that funneled money into the epic Ponzi scheme.
- Ex-Dewey partners mull settlement with estate
Emails from Dewey’s general counsel listing amounts ranging from $25,000 to $3 million began arriving in former partners’ in-boxes starting July 11.
- Breakingviews: Ex-Dewey lawyers tote heavy baggage with them
A recent court ruling could force firms to cough up profits from business the attorneys brought with them. It’s a daunting twist for the struggling U.S. legal market.
- Dewey’s dilemma over client files: to shred or not to shred
As a once-mighty law firm winds down, questions abound. For one: What happens to all its former clients’ documents, stored in boxes said to number in the ‘hundreds of thousands’?
- Court approves $17 million in MF Global trustee fees
The fees had been paid to Hughes Hubbard & Reed — the firm employing James Giddens — but were subject to rejection from bankruptcy court judge Martin Glenn.
- San Bernardino becomes third California city seeking bankruptcy
The decision to seek bankruptcy followed a report that said the city faced an imminent financial crisis and projected spending would exceed revenue by $45 million in the current fiscal year.
- Dewey & LeBoeuf seeks $104 mln from ex-partners
The firm’s restructuring officer offered to drop potential claims in exchange for the payment. If accepted, the deal would be the first big recovery for Dewey’s creditors.
