Bloomberg Law
von Bloomberg News
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Podcast-Beschreibung
Interviews about legal issues, decisions and pending cases.
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Rochelle on Dynegy, Houghton Mifflin, Two Buyout Targets: Audio | May 24 (Bloomberg) -- Dynegy Inc. will present the bankruptcy judge with a problem when the power producer requests approval of a settlement when many facts underlying the compromise remain a secret, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain in their podcast. The newly-filed prepackaged reorganization of educational publisher Houghton Mifflin Harcourt Publishing Co. could be completed in one month in New York, eclipsing the five weeks that Reddy Ice Holdings Inc. needed for its quickie reorganization in Dallas. In the last item on the podcast, Rochelle touts a small hospital in Houston and an athletic shoe maker as acquisition targets for strategic buyers. (Source: Bloomberg) | 24.5.12 | Kostenlos | In iTunes ansehen |
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IP Law: Cuervo and Maker's Mark Duke It Out Over Wax: Audio | May 23 (Bloomberg) -- There's something about the color red that makes IP lawyers see red. First it was the battle over whether women's shoe maker Christian Louboutin had the exclusive right to use red soles. Now tequila maker Jose Cuervo and bourbon distiller Maker's Mark are fighting over who can use dripping red wax on their bottles. Chris Sprigman, law professor at the University of Virginia School of Law, tells Bloomberg Law's Josh Block who scored a knockout in the Sixth Circuit. (Source: Bloomberg) | 23.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Houghton Mifflin, Kodak, United Airlines: Audio | May 23 (Bloomberg) -- Houghton Mifflin Harcourt Publishing Co. is a company that eroded billions in value over the last few years, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on a portion of their podcast dealing with the educational publisher's prepackaged reorganization. Rochelle provides a rundown on the dramatic drop in the value of Eastman Kodak Co. claims and bonds resulting from an adverse ruling on patent validity. Rochelle wraps up the podcast by discussing a decision stemming from the long-completed reorganization of United Air Lines Inc. with important rulings about claims that aren't discharged in bankruptcy. (Source: Bloomberg) | 23.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Madoff Appeals, Allied System, Reddy Ice: Audio | May 18 (Bloomberg) -- The trustee for Bernard L. Madoff Investment Securities LLC will take one appeal to decide his ability to revive about $10 billion in lawsuits against 635 customers, Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle explains the grounds on which auto hauler Allied Systems Holdings Inc., controlled by Yucaipa Cos. LLC, could try to fend off the involuntary Chapter 11 petition filed last week in Delaware. Before ending the podcast with discussion of two important opinions from the U.S. Third Circuit Court of Appeals in Philadelphia, Rochelle explains how a bankruptcy judge in Dallas shepherded a prepackaged reorganization for Reddy Ice Holdings Inc. through Chapter 11 in five weeks. (Source: Bloomberg) | 22.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Marianas, Silver Legacy Casino, AlixPartners: Audio | May 21 (Bloomberg) -- The government of the Commonwealth of the Northern Mariana Islands joined the list of those seeking dismissal of the Chapter 11 petition filed by the pension fund for the island's government workers, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle talks about two new bankruptcies, one large and one small. The large filing, by Circus & Eldorado Joint Venture, the operator of the Silver Legacy Resort Casino in Reno, Nevada, could raise interesting valuation issue should secured creditors not come to terms on a universally acceptable reorganization plan. The smaller filing, by the owner of 26 Jiffy Lube stores, presents an acquisition opportunity for someone in the car-care industry. The podcast ends with discussion of the some $900 million in debt being taken on by turnaround manager AlixPartners LLC as part of a leveraged buyout by private-equity investor CVC Capital Partners. (Source: Bloomberg) | 21.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Hostess-Teamsters, Kodak-Apple, ResCap-Ally: Audio | May 18 (Bloomberg) -- Wonder bread baker Hostess Brands Inc. is an example of how Congress intended for the modification of union contracts to work in bankruptcy. The process wouldn't have been successful without the expertise of the Teamsters union devotion to understanding the company's financial problems, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle looks at the newly-commenced effort by Eastman Kodak Co. to challenge Apple Inc.'s claim to technology ownership and wonders why the issue wasn't raised sooner, since Kodak is hoping to sell the patent portfolio in the near future. The podcast ends with a status report on Residential Capital LLC, the composition of the creditors' committee, and the timeline for the sale of assets. (Source: Bloomberg) | 18.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on MF Global, Tousa, Jesuits and the Titanic: Audio | May 17 (Bloomberg) -- Lawyers for the MF Global Holdings Ltd. creditors' committee may end up working for nothing, for reasons explained by Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. A federal appeals court in Atlanta reversed a district court in the liquidation of homebuilder Tousa Inc. and ruled that banks committee a $400 million fraudulent transfer. The podcast ends with a story about a lawyer who was sanctioned for claiming that Jesuits infiltrated the federal judiciary and were responsible for the sinking of the Titanic. (Source: Bloomberg) | 17.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Residential Capital and LightSquared: Audio | May 16 (Bloomberg) -- The reorganization of Residential Capital LLC will unfold two phases, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle describe on their podcast. The first phase will sell the assets, while the second and more contentious phrase will decide whether parent Ally Financial Inc. can use ResCap's Chapter 11 plan to shed its own liability for defective mortgage securitizations. The second major Chapter 11 filing this week by LightSquared Inc. looks at the outset like an old-fashioned freefall bankruptcy that may evolve into a fight for control between creditors and Harbinger Capital Partners LLC, the company's owner. (Source: Bloomberg) | 16.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Supreme Court, Paulson Resorts, Judgeships: Audio | May 15 (Bloomberg) -- The U.S. Supreme Court used a bankruptcy case named Hall v. U.S. to rule, by a 5-4 vote, that the plain meaning derived from the interrelationship among several statutes takes precedence over the intent of Congress, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Five resorts owned by Paulson & Co. and Winthrop Realty Trust came up losers in a lawsuit with Hilton Worldwide Inc., raising questions about how the resort will craft a Chapter 11 plan to emerge from bankruptcy reorganization. The podcast ends with news that the House and Senate, after more than a year's deliberation, finally passed legislation allowing the renewal of 30 temporary bankruptcy judgeship. Absent the bill, which awaits the President's signature, Delaware eventually would lose five of its six judges while New York would lose one. (Source: Bloomberg) | 15.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Vitro, LodgeNet, Statistics on Junk Defaults: Audio | May 14 (Bloomberg) -- Bondholders of Vitro SAB de CV won a skirmish with the Mexican glass maker when a New York State appellate court refused to enforce the company's Mexican reorganization plan, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle looks at LodgeNet Interactive Corp., a non-bankrupt provider of television and internet access for the hotel industry, as an example for how new technology can render a company's business plan obsolete and unprofitable. For the last item on the podcast, Rochelle recites the latest statistics on junk-bond defaults as further evidence that major corporate bankruptcies won't spike this year. (Source: Bloomberg) | 14.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Las Vegas Monorail, Madoff-Refco, Energy: Audio | May 11 (Bloomberg) -- A bankruptcy judge in Las Vegas described the city's monorail as "nonsense on stilts" on the way to approving a reorganization plan that reduces debt by 98 percent, as discussed on the bankruptcy podcast with Bloomberg News bankruptcy columnist Bill Rochelle and Bloomberg Law's Lee Pacchia. Rochelle explains why the logic in a new decision by a federal district judge involving Bernard L. Madoff Investment Securities LLC and Refco Inc. could mean that thousands of rulings over the years by bankruptcy judges may not be binding. The podcast ends by looking at the energy industry, where some commodities are at record highs while others are at lows, and some infrastructure is being shunned almost entirely. (Source: Bloomberg) | 11.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Nortel, AMF, Automatic Stay, Leon Marcus: Audio | May 10 (Bloomberg) -- U.K. pension regulators are trying to take Nortel Networks Inc. to the U.S. Supreme Court in what could be a major case on the international reach of U.S. bankruptcy law, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their podcast. Rochelle cogitates over whether AMF Bowling Worldwide Inc., the world's largest bowling alley operator, may be headed for a second trip through Chapter 11. Although a U.S. Supreme Court decision was be 131 years old, it's still good law, as Rochelle explains. The podcast ends with a tribute to Leon Marcus, a bankruptcy lawyer who died in April. (Source: Bloomberg) | 10.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Mariana Fund, Reddy Ice, HearUSA, ECD: Audio | May 9 (Bloomberg) -- The bankruptcy reorganization of the Northern Mariana Islands Retirement Fund could be over by early June now that the U.S. Trustee and two pension recipients have surfaced to argue the fund is a governmental unit ineligible for Chapter 11, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. A bankruptcy judge in Dallas must face the prospect of delaying the prepackaged reorganization of Reddy Ice Holdings Inc. and giving Texas the reputation of being inhospitable for prepacks. HearUSA Inc., a one-time retailer of hearing aids, is the rare example of a bankrupt company that generates enough cash for a distribution to shareholders. The podcast wraps up by pointing to Energy Conversion Devices Inc. as the latest example for how high-tech energy companies are out of favor among investors. (Source: Bloomberg) | 9.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Madoff, Federal-Mogul, Mariana Pension Fund: Audio | May 8 (Bloomberg) -- The liquidation of Bernard L. Madoff Investment Securities LLC gave a federal district judge an opportunity to explain why U.S. bankruptcy law stretches to the farthest corners of the globe, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle explains how an opinion in the long-completed reorganization of Federal-Mogul Corp. once and for all lays to rest any question about the ability of a Chapter 11 plan to transfer insurance policies to a creditors' trust. For the last item on the podcast, Pacchia and Rochelle pay another visit to the Mariana Islands (the pension fund, that is). (Source: Bloomberg) | 8.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Hawker Beechcraft, Pinnacle, Mariana Fund: Audio | May 7 (Bloomberg) -- The reorganization proposed by Hawker Beechcraft Inc. may be more of a starting point for negotiations than the final version of a Chapter 11 plan, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. The lawyers for Pinnacle Airlines Corp. have mastered the art of public relations, as shown by a court filing that adroitly disguises a loan-covenant violation and a hike in interest rates. The podcast wraps with a story about the bankrupt Northern Mariana Islands Retirement Fund and an upcoming tiff with lawyers who don't want to disclose the names of their clients. (Source: Bloomberg) | 7.5.12 | Kostenlos | In iTunes ansehen |
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IP Law: Oracle v. Google: Inside the Courtroom: Audio | May 4 (Bloomberg) -- As the world awaits the jury's verdict in the Oracle v. Google trial over the Java programming language, Bloomberg News reporter Karen Gullo reviews highlights from the trial. Oracle claims that Google needed a license to use Java on its Android smartphone platform. Oracle is seeking $1 billion in damages from the Internet giant, Gullo tells Bloomberg Law's Josh Block. (Source: Bloomberg) | 4.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Sexual Abuse, Dynegy, Fewer Bankruptcies: Audio | May 4 (Bloomberg) -- The bankruptcy podcast examines the logic behind making a parochial high school in the poorest congressional district in the U.S. a target for paying damages stemming from sexual abuse occurring decades ago. Next, Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain why a hearing on May 21 will be a turning point in the reorganization of Dynegy Inc. and its five bankrupt subsidiaries. By looking at the latest statistics on bankruptcy filings and corporate credit quality, the podcast ends with a bleak outlook for underemployed bankruptcy professionals. (Source: Bloomberg) | 4.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Vitro Bondholders Loss, Arcapita-Commerzbank: Audio | May 3 (Bloomberg) -- Bondholders lost one of their last three chances to stop Vitro SAB de CV from enforcing the Mexican reorganization in the U.S., as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss in their podcast. Arcapita Bank BSC, a Bahrainian investment bank, has latched onto a technicality in U.S. bankruptcy law that may prevent Commerzbank AG from enforcing a 125 million euro ($165.3 million) guarantee. The podcast ends with discussion of a federal law that prevents enforcement of a due-on-sale clause in a mortgage if the property is inherited from a relative. (Source: Bloomberg) | 3.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Madoff, MF Global, Hunter Sailboats, Prince: Audio | May 2 (Bloomberg) -- U.S. District Judge Jed Rakoff gave bad news to customers of Bernard L. Madoff Investment Securities Inc. when he wrote an opinion saying they can't escape from paying back profits taken out two year before bankruptcy, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle interprets a terse opinion as implying that U.S. Bankruptcy Judge Martin Glenn is becoming impatient with creative theories by customers of MF Global Holdings Ltd. that border on frivolous. The podcast ends with discussion of two sports related bankruptcy, the manufacturer of Hunter sailboats and Prince Sports Inc., a designer and distributor of racquet sports equipment. (Source: Bloomberg) | 2.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Reddy Ice, American Airlines-US Air Merger: Audio | May 1 (Bloomberg) -- Reddy Ice Holdings Inc. is an example of how freedom from shareholder lawsuits is one of the few fringe benefits from being in Chapter 11, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their podcast. Rochelle conjectures whether a lessening of competition may explain why a merger of American Airlines Inc. and US Airways Group Inc. could be an economic success. The podcast ends with discussion with a new decision improving the chances that lawyers for bankrupt companies will be paid even if reorganization proves unsuccessful. (Source: Bloomberg) | 1.5.12 | Kostenlos | In iTunes ansehen |
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Rochelle on American, Supreme Court Hearing, Dewey: Audio | April 26 (Bloomberg) -- The agreements by unions at American Airlines Inc. to merge with US Airways Group Inc. could be designed as much for bargaining leverage with AMR Corp. as they are intended to foster a combination between the two airlines, for reasons analyzed on the podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The case argued this week in the U.S. Supreme Court may mean that owners of real estate have no hope of successful bankruptcy if the secured lender is bent on gaining possession of the property. Rochelle ends the podcast laying out some of the reasons why the law firm Dewey & LeBoeuf LLP, beset with partner defections, may be unable to pull off a prepackaged bankruptcy or even manage to sell the firm quickly. (Source: Bloomberg) | 26.4.12 | Kostenlos | In iTunes ansehen |
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IP Law: SCOTUS Takes "Grey Market" Goods Resale Case: Audio | April 20 (Bloomberg) -- This week the U.S. Supreme Court agreed to consider whether discount retailers violate copyright laws by selling tens of billions of dollars in "grey market" products that were first bought oversees at a reduced price. Greg Stohr of Bloomberg News wrote that "the case promises to be one of the top business and consumer cases in the court term that starts in October." Michael Dunn and Josh Block, of Bloomberg Law, discussed the case when the U.S. Court of Appeals for the Second Circuit ruled on it in August. (Source: Bloomberg) | 20.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Madoff, Eastman Kodak, 2 Acquisition Targets: Audio | April 18 (Bloomberg) -- How and why Fred Wilpon and other owners of the New York Mets baseball club could pay a $162 million settlement to the trustee for Bernard L. Madoff Investment Securities Inc. without feeling a pinch is analyzed on the bankruptcy podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. Eastman Kodak Co. can proceed to end some retiree benefits while the committee representing former workers will have a limited budget. Rochelle ends the podcast by describing two more acquisition opportunities. One is a chain of six hotels in Puerto Rico and the other is a fuel supplier for construction sites. (Source: Bloomberg) | 18.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Hostess, Las Vegas Monorail, Lawyer Sanction: Audio | April 17 (Bloomberg) -- Negotiations between Wonder Bread baker Hostess Brands Inc. and the unions are more difficult because of multi-employer pension plans, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. The remainder of the podcast is given over to discussion of three cases involving U.S. Bankruptcy Judge Bruce A. Markell in Las Vegas. In the first, he imposed sanctions on a law firm that repeatedly came to court unprepared. In another, he warned Las Vegas Monorail Co. that he won't allow a corporate cripple to exit bankruptcy reorganization. In the last item, he was upheld by a district judge in Las Vegas on a complicated exemption issue after having been reversed in 2010 on the same issue by a Bankruptcy Appellate Panel. (Source: Bloomberg) | 17.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Reddy Ice, Kodak, MF Global, Investments: Audio | April 16 (Bloomberg) -- Reddy Ice Holdings Inc., an ice maker and distributor, broke the mold and filed a prepackaged Chapter 11 petition in Dallas, where the company is located, rather than in Delaware, where companies from all around the U.S. usually reorganize quickly, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle explains why bonds issued by Eastman Kodak Co. represent an unusual opportunity for a junk-bond speculator to earn a 300 percent profit or sustain a loss, all within a few months. At the hearing last week, the trustee for commodities broker MF Global Inc. ran into trouble when the bankruptcy judge seemed reluctant to allow the trustee to head off down a road where the trustee for Bernard L. Madoff Investment Securities Inc. found himself partly or wholly prevented from bringing lawsuits. The podcast ends with discussion of two newly-bankrupt companies with assets someone may be interested in buying. One is an apartment building on East 46th Street in Manhattan and the other is a small hospital in rural Pennsylvania. (Source: Bloomberg) | 16.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Direct Air, Arcapita, Acquisition Targets: Audio | April 13 (Bloomberg) -- Where companies in New York and Delaware linger in Chapter 11 before someone pulls the plug and liquidates, charter airline Direct Air managed to survive less than one month in Massachusetts, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. In the reorganization of Arcapita Bank BSC, the Bahrainian investment bank, two of the most important financial institutions in the home country, including the central bank, will populate the official creditors' committee. The podcast ends with discussion of two new reorganizations that present acquisition opportunities for strategic buyers. One is group of 38 stores in the shadow of Wal-Mart and the other is a collection of condominiums on the beachfront in Texas. (Source: Bloomberg) | 13.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on MF Global, Hostess Brands, American Airlines: Audio | April 12 (Bloomberg) -- Customers of MF Global Holdings Ltd. are likely displeased with the bankruptcy judge for allowing officers and directors to use up $30 million in directors' and officers' liability insurance defending lawsuits to recoup the $1.6 billion shortfall in customers' account, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Comparing reorganizations in the steel industry with American Airlines Inc. and Hostess Brands Inc., Rochelle predicts that fixing the businesses will be more difficult than reaching agreement with labor unions on contract concessions. (Source: Bloomberg) | 12.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on American Airlines, Hostess, Mortgage Mess: Audio | April 11 (Bloomberg) -- Sometimes it doesn't require paying a consultant $1,000 an hour to know what a company needs to fix before emerging from bankruptcy, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss in the context of comments from a flight attendant on how to improve American Airlines Inc. Rochelle explains how Hostess Brands Inc. retracted an offer for an interview with the chief executive when told that questions would delve into allegations by the creditors' committee regarding excessive executive compensation. The podcast concludes with discussion of $3.2 million in punitive damages assessed against Wells Fargo Bank NA for overcharging a homeowner. (Source: Bloomberg) | 11.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Dynegy, Hostess Brands, Pinnacle, Auctions: Audio | April 10 (Bloomberg) -- The request by Carlyle Group to see the complete Dynegy Inc. examiner's report is the first item on the bankruptcy podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The bankruptcy reorganizations of Hostess Brands Inc. and Pinnacle Airlines Corp. are given as examples of two cases where executive salaries were increased before bankruptcy, possibly in view of strictures on executive bonuses after bankruptcy. Rochelle points to the auction of Caprock Wine Co. LLC as how not to structure a bankruptcy sale. The podcast ends with an examination of two new cases, one from the Court of Appeals in New Orleans and another from a bankruptcy judge in Houston. (Source: Bloomberg) | 10.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Dynegy, Madoff, Jefferson County, Kodak: Audio | April 9 (Bloomberg) -- Dynegy Inc. and bondholders reached a settlement by nearly wiping out the company's shareholders, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle talks about a case what's likely to appear in every family law case book where a husband couldn't reform a marital property settlement even though it turned out that the millions he held in an account at Bernard L. Madoff Investment Securities Inc. were mostly fiction. The municipal bankruptcy for Jefferson County, Alabama is on track to make important law describing the rights of owners of municipal revenue bonds. The podcast closes with discussion of the limited budget that Eastman Kodak Co. intends to impose on retirees while cutting off $1.2 billion in health benefits for former workers. (Source: Bloomberg) | 9.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Sapere-MF Global, Statistics, Buyout Target: Audio | April 5 (Bloomberg) -- Sapere Wealth Management LLC, a commodities customer of MF Global Inc., raised an issue that may lose in court although it deserves analysis in Congress as a means for protecting brokerage customers, as discussed on the podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. Bankruptcy lawyers, turnaround managers, and speculators in claims against bankrupt companies will have another lean year in 2012, given the latest statistics that Rochelle analyzes. For investors in the auto-repair business, a new filing in Milwaukee named Great Lakes Quick Lube LP could be an acquisition target. Rochelle wraps up the podcast with discussion of a case where an accounting firm lost 43 percent of its fees for being paid without court approval. (Source: Bloomberg) | 5.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on AFA Foods, Velo, Diversapack, Cetero: Audio | April 4 (Bloomberg) -- The Bloomberg bankruptcy podcast opens with discussion of two new bankruptcies - for AFA Foods Inc. and Velo Holdings Inc. - where changing consumer tastes or regulations led to losses for private-equity investors Yucaipa Cos. LLC and One Equity Partners II LP. Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle then turn their attention to MF Global Holdings Ltd., where an uncharacteristic disagreement broke out between the trustee for the parent and the trustee for the broker. Diversapack of Monroe LLC, a packaging maker from Ohio, is a small company with questionable need for selling assets quickly, and without an auction, all 550 miles distant from the headquarterS, for reasons Rochelle describes. The podcast ends with a look at Contract Research Solutions Inc., a company that admits some aspects of a bonus program might seem to violate the Congressional prescription against retention bonuses for senior managers of bankrupt companies. (Source: Bloomberg) | 4.4.12 | Kostenlos | In iTunes ansehen |
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IP Law: Broadcasters Battle to Keep Aereo Off Internet: Audio | April 3 (Bloomberg) -- Subscription service Aereo allows users to both watch and record live broadcast television over the Internet. At just $12 a month, it could prompt cable subscribers to cut the cord, but first it will have to survive a legal challenge. Television broadcasters are suing the start-up, which is backed by lead investor Barry Diller, for copyright infringement. Bloomberg BNA Legal Editor Amy Bivins discusses the issues facing Aereo with Bloomberg Law's Josh Block. (Source: Bloomberg) | 3.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Jefferson County, Yellow Pages, Beechcraft: Audio | April 3 (Bloomberg) -- Financial Guaranty Insurance Co., which guaranteed about half of the $3.1 billion in sewer bonds sold by Jefferson County, Alabama, is setting up a test case so an appeals court can later lay down comprehensive rules saying how much revenue, if any, can be diverted from paying interest on municipal revenue bonds, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Next, they look at three companies - SuperMedia Inc., Dex One Corp., Hawker Beechcraft Inc. - and discuss why they are possible candidates for exchange offers or prepackaged bankruptcy reorganizations. Rochelle winds up the podcast with a decision from the U.S. Court of Appeals in New Orleans that's good news for lawyers practicing bankruptcy law. (Source: Bloomberg) | 3.4.12 | Kostenlos | In iTunes ansehen |
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Rochelle on American Airlines, Travel Fees, Homesteads: Audio | March 30 (Bloomberg) -- Court filings by AMR Corp., the parent of American Airlines Inc., may have been intended to paint so bleak a picture that the labor unions will capitulate to new work rules, wages, and benefits rather than risk having worse terms dictated by the bankruptcy court, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle talks about two new appeals court decisions of interest to bankruptcy lawyers. The first, from the U.S. Court of Appeals in San Francisco, holds out hope that lawyers sometimes may be able to charge their full hourly rates for time spent traveling. The second case, from the U.S. Court of Appeals in New Orleans, says that even a lawyer who go bankrupt can't be presumed to know that Texas has generous homestead exemptions. (Source: Bloomberg) | 30.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Delaware Venue, Syms, Solyndra, Vertis: Audio | March 29 (Bloomberg) -- A Ford dealership from Missouri was bounced out of bankruptcy court in Delaware at the first hearing, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle describe on their podcast. Retailers Syms Corp. and Filene's Basement LLC will sell their trademarks in May. The report by the restructuring officer of Solyndra LLC was nothing like the examiner's report regarding Dynegy Inc. Rochelle ends the podcast by describing how Vertis Inc. could become a Chapter 44 case. (Source: Bloomberg) | 29.3.12 | Kostenlos | In iTunes ansehen |
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Highlights from Day Three of Health Care Arguments: Audio | March 28 (Bloomberg) -- Bloomberg News Supreme Court Reporter Greg Stohr talks to Bloomberg Law's Spencer Mazyck about highlights from Day Three of the Supreme Court's oral arguments in the Obama health care reform cases. (Source: Bloomberg) | 28.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Delaware Venue, Vitro, Madoff Funds: Audio | March 28 (Bloomberg) -- A Ford dealership from Blue Springs, Missouri might not be able to remain in bankruptcy court for very long in Delaware, for reasons explained on the podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The reason why a state court judge in New York didn't enforce the Mexican reorganization of glass maker Vitro SAB de CV is the second topic on the podcast, which ends with discussion of how a subset of customers of Bernard L. Madoff Investment Securities Inc. are preventing others from receiving $8.5 billion in distributions. (Source: Bloomberg) | 28.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on DRI and Three Important Bankruptcy Opinions: Audio | March 27 (Bloomberg) -- DRI Inc., a provider of digital signs for transportation systems, has a business someone may want to buy, as described on the podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The remainder of the podcast is devoted to three recent court opinions of importance. The first, from the U.S. Court of Appeals in New Orleans, allows a trust to sue even when unsecured creditors have been paid in full. The second case, from the U.S. Court of Appeals in Boston, allows an individual to file a Chapter 13 plan when virtually no one will be paid aside from the bankrupt's lawyer. The final item is a decision from a federal district judge in upstate New York who ruled that a repossessed auto must be returned immediately after the owner files bankruptcy. (Source: Bloomberg) | 27.3.12 | Kostenlos | In iTunes ansehen |
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Highlights from Day Two of Health Care Arguments: Audio | March 26 (Bloomberg) -- Bloomberg News Supreme Court Reporter Greg Stohr talks to Bloomberg Law's Spencer Mazyck about highlights from Day Two of the Supreme Court's oral arguments in the Obama health care reform cases. (Source: Bloomberg) | 27.3.12 | Kostenlos | In iTunes ansehen |
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Highlights from Day One of Health Care Arguments: Audio | March 26 (Bloomberg) -- Bloomberg News Supreme Court Reporter Greg Stohr talks to Bloomberg Law's Spencer Mazyck about highlights from Day One of the Supreme Court's oral arguments in the Obama health care reform cases. (Source: Bloomberg) | 26.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Tousa Fraudulent Transfers, Madoff: Audio | March 26 (Bloomberg) -- The most important fraudulent transfer case in years was argued last week in the U.S. Court of Appeals in Atlanta arising from the liquidation of homebuilder Tousa Inc. In their podcast, Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss how the outcome could give life to defenses for lenders accused of participating in questionable lending transactions. The liquidation of Bernard L. Madoff Investment Securities Inc. will be the topic of a conference on April 13 among the justices of the U.S. Supreme Court. The outcome, as Rochelle explains, will determine how customer claims are calculated for victims of Ponzi schemes. The podcast winds up with discussion of The Clare at Water Tower retirement community in Chicago where the opening bid at auction on April 24 will be 13 percent of the secured bonds sold to develop the project. (Source: Bloomberg) | 26.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on MF Global, Baltimore Jewish Times, Opinions: Audio | March 23 (Bloomberg) -- A customer of MF Global Inc. runs the risk of being hit with sanctions for taking a frivolous appeal, as explained on the podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The Baltimore Jewish Times could disappear unless the newly-appointed Chapter 11 trustee lands an acceptable offer at auction on March 28. The podcast closes with discussion of two important court opinions affecting individuals in bankruptcy. One, from an appellate panel in California, enables individuals to confirm a Chapter 11 plan in situations where they are likely ineligible for bankruptcy under Chapters 7 and 13. The other opinion tells individuals in Massachusetts that a $3,700 lawyer's fee is more than sufficient for going through Chapter 13. (Source: Bloomberg) | 23.3.12 | Kostenlos | In iTunes ansehen |
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IP Law: Lawyer: Why I Deleted My Pinterest Boards: Audio | March 22 (Bloomberg) -- Lawyer/photographer Kirsten Kowalski loves Pinterest, but she's no fan of the site's terms of use. Her recent blog post, "Why I Tearfully Deleted My Pinterest Inspiration Boards," has gone viral. She tells Bloomberg Law's Josh Block that "the whole purpose of the site may be against the law, but it's definitely against their terms of use." (Source: Bloomberg) | 22.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Nortel's $9 Billion, Dynegy, Valuation Trial: Audio | March 22 (Bloomberg) -- Nortel Networks Inc. and European affiliates were being told indirectly by the bankruptcy judge to settle their disputes quickly so $9 billion can be distributed to creditors, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle decries the secrecy that still surrounds the facts prompting the examiner to conclude that Dynegy Inc. committed fraudulent transfers with actual intent to hinder and delay creditors in last year's restructuring. The podcast ends with discussion of a case where the bankruptcy judge must have been bored to tears deciding whether a condominium in Manhattan was worth $70.3 million or $103 million. U.S. Bankruptcy Judge Stuart M. Bernstein decided that the project is worth $91.7 million, closer to the valuation proposed by the owner of the 43-story glass-clad condominium at 785 Eighth Ave. and 48th Street in Manhattan. (Source: Bloomberg) | 22.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Arcapita, Dodgers, Hostess, AMR Bankruptcies: Audio | March 21 (Bloomberg) -- Arcapita Bank BSC, the Bahrainian investment bank, selected the New York for filing bankruptcy because only the U.S. offers an automatic halt on creditor actions everywhere in the world, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle expresses relief that the Los Angeles Dodgers didn't end up using the bankruptcy court to toss out a claim by Bryan Stow, the fan who was attacked in a stadium parking lot after the opening-day game. Rochelle ends the podcast talking about important litigation in the reorganizations of Hostess Brands Inc. and American Airlines Inc. where labor unions are attempting to establish a precedent that would inhibit the ability of bankrupt companies to lower wages in some circumstances. (Source: Bloomberg) | 21.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on NY Mets-Madoff, Arcapita, Chrysler: Audio | March 20 (Bloomberg) -- Fred Wilpon and other owners of the New York Mets baseball club may never be required to reach into their own pockets to fund the $162 million settlement reached on the eve of trial yesterday with the trustee for Bernard L. Madoff Investment Securities Inc., as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle describe in their podcast. Rochelle discussed how Bahrain's Arcapita Bank BSC is the latest offshore business to seek asylum in U.S. bankruptcy courts. The podcast ends by talking about how the most important law to come from the Chrysler bankruptcy was handed down three years after the sale of the business to Chrysler Group LLC, the buyer 20 percent owned at the outset by Italy's Fiat SpA. (Source: Bloomberg) | 20.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Dynegy, Shrinking Bankruptcy Court, Dex One: Audio | March 19 (Bloomberg) -- The rebuttal by Dynegy Inc. to the examiner's report finding fraudulent transfers is discussed in the bankruptcy podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. Some of the country's busiest bankruptcy courts are beginning to shrink in size as a result of deadlock in the Senate over how to finance the court system. The podcast ends by looking at yellow page publisher R.H. Donnelley Corp. which changed its name to Dex One Corp. on emerging from bankruptcy reorganization in early 2010. (Source: Bloomberg) | 19.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Madoff-Wilpon, Penson, NextWave, Dodd-Frank: Audio | March 16 (Bloomberg) -- The March 19 trial pitting the trustee for Bernard L. Madoff Investment Securities Inc. against Fred Wilpon and other owners of the New York Mets baseball club is dissected in the podcast with Bloomberg News bankruptcy columnist Bill Rochelle and Bloomberg Law's Lee Pacchia. Rochelle explains what each side must prove to the jury, when a judgment one way or the other might be entered, and what the issues will be on appeal. Rochelle looks at NextWave Wireless Inc. and Penson Worldwide Inc. while discussing when or whether either company might need Chapter 11 protection. The podcast ends with discussion of an important opinion from a small West Virginia town with big implications for bank customers intending to sue federally chartered lenders. (Source: Bloomberg) | 16.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Madoff, Berlian Laju, Retirement Accounts: Audio | March 15 (Bloomberg) -- The U.S. Supreme Court isn't likely to accept an appeal arising from the liquidation of Bernard L. Madoff Investment Securities Inc., for reasons explained by Bloomberg News bankruptcy columnist Bill Rochelle on the podcast with Bloomberg Law's Lee Pacchia. Rochelle cites the latest bankruptcy filing subsidiaries of PT Berlian Laju Tanker Tbk as evidence that ocean cargo carriers are in the world's most depressed industry. The podcast ends with a discussion of individual retirement accounts and how to keep them exempt from the claims of creditors. (Source: Bloomberg) | 15.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Vitro, Dynegy, Fuller Brush Bankruptcies: Audio | March 14 (Bloomberg) -- The significance of the upcoming ruling in April on the U.S. side of the Mexican reorganization of glass maker Vitro SAB de CV is the opening topic on the bankruptcy podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The report of the Dynegy Inc. examiner gives creditors a broad menu of relief they might pursue in lieu of having a trustee appointed. Rochelle describes two retirement communities that are in play, for investors looking to add to an existing portfolio in the Midwest. Rochelle lauds Conway MacKenzie Management Services LLC for landing two chief restructuring officer assignments in a week's time. Rochelle ends the podcast with a mea culpa for putting the reorganization of Cano Petroleum Inc. in Delaware when it was filed in the company's Dallas hometown. (Source: Bloomberg) | 15.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Dynegy, Kodak, Nebraska Book, Hostess Brands: Audio | March 13 (Bloomberg) -- The examiner's report that derailed the reorganization of Dynegy Inc. is also likely to spawn lawsuits, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle explains why the bond market is flashing a signal that shareholders of Eastman Kodak Co. aren't likely to succeed in convincing the bankruptcy judge to appoint an official committee representing stockholders. The new plan proposed by Nebraska Book Co. could spark disputes between second-lien noteholders and creditors with subordinated debt. The podcast wraps up with discussion of reasons why the chief executive of Hostess Brands Inc. might have resigned abruptly. (Source: Bloomberg) | 13.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Cano, American Airlines, Delta Petroleum: Audio | March 12 (Bloomberg) -- Whether Cano Petroleum Inc. is an oil and gas reorganization that should be transferred to Texas is the first item on the bankruptcy podcast with Bloomberg News bankruptcy columnist Bill Rochelle and Bloomberg Law's Lee Pacchia. Rochelle gives an update on labor negotiations at American Airlines Inc. and explains how Delta Petroleum Corp. established that bonuses were part of executives' regular compensation. The podcast concludes with discussion of a case where a lawyer received a contingency fee several times larger than he would have earned on an hourly basis. (Source: Bloomberg) | 12.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on AMR, Grubb & Ellis, Personal Bankruptcies: Audio | March 9 (Bloomberg) -- The significance of the decision by American Airlines Inc. to freeze rather than terminate pension plans is opening topic on the bankruptcy podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. Whether real estate brokers employed by Grubb & Ellis Co. will be pleased with a revised proposal for paying commissions is analyzed. The podcast ends with discussion of a federal circuit court decision from Richmond, Virginia requiring some individuals in Chapter 13 bankruptcy to pay more to creditors. (Source: Bloomberg) | 9.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Capmark, MF Global, Blixseth, Magistrates: Audio | March 8 (Bloomberg) -- Why Goldman Sachs Group Inc. would prefer being in bankruptcy court as opposed to federal district court is a mystery Bloomberg News bankruptcy columnist Bill Rochelle unravels on the podcast with Bloomberg Law's Lee Pacchia. Short shrift, according to Rochelle, is what a customer received from the bankruptcy judge when he proposed making family law applicable to the liquidation of commodities broker MF Global Inc. Timothy Blixseth, former owner of the bankrupt Yellowstone Mountain Club LLC, had a $375 million lawsuit tossed out of court thanks to a U.S. Supreme Court decision from 130 years ago. The podcast ends with discussion of two important circuit court rulings. One, from the U.S. 5th Circuit in New Orleans, casts a long shadow on magistrate judges and whether they have constitutional power to execute some of the duties they traditionally have undertaken. The second case has a judge on the 9th Circuit in San Francisco beseeching her brother and sister judges to line up with other courts of appeal regarding bankruptcy appeals entitled to hearing in circuit courts. (Source: Bloomberg) | 8.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Jefferson County, Safe Harbor, Venue: Audio | March 7 (Bloomberg) -- Jefferson County, Alabama was officially inducted into Chapter 9 municipal bankruptcy thanks to an erudite opinion by U.S. Bankruptcy Judge Thomas B. Bennett, as Bloomberg News bankruptcy columnist Bill Rochelle discusses on a podcast with Bloomberg Law's Lee Pacchia. A New Jersey district judge hearing a case in Delaware used the bankruptcy of Orchard Brands Corp. to pen an important decision holding that a stock dividend isn't covered by the so-called safe harbor in Section 546(e) of the Bankruptcy Code. Rochelle brings up the bankruptcies of BroadSign International Inc. and Pemco World Air Services Inc. as situations where the Delaware bankruptcy courts eventually may kill the golden goose unless they start sending some modest size cases back to districts where the companies are located. Rochelle ends the podcast by explaining why three different federal judges didn't permit Wal-Mart Stores Inc. to use a supplier's bankruptcy to avoid personal injury lawsuits arising from defective products made by a bankrupt supplier. (Source: Bloomberg) | 7.3.12 | Kostenlos | In iTunes ansehen |
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Wilpon, Mets Owners Liable for $83 Million: Audio | March 6 (Bloomberg) -- Fred Wilpon and other owners of the New York Mets baseball club were held liable by a district judge to pay what could be $83.3 million to the trustee for Bernard L. Madoff Investment Securities Inc., as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle explains how the Wilpon group is also facing trial to begin March 19 where the Madoff trustee is seeking to recover an additional $303 million. Rochelle describes when the Wilpon group and the trustee can take appeals and when the defendants are likely to be forced to post a bond to cover the upcoming judgment. (Source: Bloomberg) | 6.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Madoff, Grubb & Ellis, Hostess, Kodak: Audio | March 5 (Bloomberg) -- Bankruptcy Judge Burton R. Lifland, and what it was like for a young lawyer appearing before him, are the first topics on the Bloomberg bankruptcy podcast discussing California Attorney General Kamala Harris and her disputes with the trustee liquidating Bernard L. Madoff Investment Securities Inc. Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle analyze whether brokers employed by Grubb & Ellis Co. will find shortcoming in the company's proposal for dealing with commissions owed for deals that closed before bankruptcy. Rochelle describes the primary issues in contract negotiations between Hostess Brands Inc. and the Teamsters union. The podcast wraps with a discussion of the proposed sale by Eastman Kodak Co. of the Gallery on-line photo business to Shutterfly Inc. (Source: Bloomberg) | 5.3.12 | Kostenlos | In iTunes ansehen |
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IP Law: Can Michael Jordan Win in a Chinese Court?: Audio | March 2 (Bloomberg) -- Former NBA superstar Michael Jordan has sued a Chinese sportswear company in China, claiming it is using his Chinese name without his permission. Horace Lam, a Jones Day partner who represents multinational companies in enforcing their intellectual property rights in Asia, tells Bloomberg Law's Josh Block that Jordan has a big challenge making his claim, and may be better off settling than taking the case to a court decision. (Source: Bloomberg) | 2.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Hostess, Dynegy, MF Global, 2nd-Lien Bonds: Audio | March 2 (Bloomberg) -- Hostess Brands Inc. is hiring a chief restructuring officer for $1.2 million a year to complement the chief executive, with base salary of $1.5 million a year, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss explain on their podcast. Rochelle points to Dynegy Inc. and MF Global Inc. as examples of cases where lawyers are trying to convince judges that something is different from what it seems. The podcast ends with discussion of a new study showing that holders of second-lien debt fare little better in bankruptcy than purely unsecured creditors. (Source: Bloomberg) | 2.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on American Airlines, GenMar, Golf Memberships: Audio | March 1 (Bloomberg) -- The reorganization of American Airlines Inc. may turn into an attempt by labor unions to find exceptions to the rule that a bankruptcy judge may lower workers' wages while barring a strike at the same, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their podcast. Although the reorganization plan for General Maritime Corp. is going out to creditors for vote, confirmation of the reorganization may be up for grabs if the creditors' committee finds a smoking gun among the documents to support their legal arguments. The podcast ends by using the Chapter 11 filing by Cliffs Club & Hospitality Group Inc. as an example for how golf enthusiasts should be wary of marking large payments up front to join a club when it may go up in smoke should bankruptcy ensue. (Source: Bloomberg) | 1.3.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Allen Stanford, AMR, W.R. Grace, Saab: Audio | Feb. 28 (Bloomberg) -- Victims of R. Allen Stanford Ponzi scheme may have some of their claims paid by the Securities Investor Protection Corp. if a creative theory proffered by the Securities and Exchange Commission gains truncation with a federal district judge in Washington, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. The creditors' committee for AMR Corp., the parent of American Airlines Inc., favors immediate appointment of an additional committee to represent retirees. The reorganization of W.R. Grace & Co. isn't over because the pre-bankruptcy lenders are appealing confirmation of the Chapter 11 plan that deals with asbestos liability. The involuntary bankruptcy filing against Saab Cars North America Inc. will remain in Delaware even though the company wanted the case moved to Detroit. The podcast ends by explaining why unsecured creditors for Charlie Brown's Steakhouse restaurants voted against the reorganization plan that was confirmed regardless. (Source: Bloomberg) | 28.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Hostess, Fuller Brush, Appellate Opinions: Audio | Feb. 27 (Bloomberg) -- Hostess Brands Inc. is an example of how creditors in some bankruptcy cases end up being unable to collect on personal injury claims despite an insurance policy, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their podcast. Rochelle provides details on the Fuller Brush Co. bankruptcy and conjectures it may become another case where the business ends up being sold to the secured creditor. The podcast ends with discussion of two recent appellate court decisions, both of interest to non-lawyers as well as lawyers. The federal appeals court in Atlanta served warning that a person who helps someone else carry out a fraudulent transfer may be unable to discharge a debt in bankruptcy even though there was no personal benefit. The second case shows how a district judge in Mississippi had sympathy for a bankrupt who was diagnosed with cancer after confirming her Chapter 13 plan. (Source: Bloomberg) | 27.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Double My Speed, Fuller Brush, Real Mex: Audio | Feb. 24 (Bloomberg) -- If you heard advertisement on the radio for Double My Speed, you may be interested in knowing that the parent filed for Chapter 11 bankruptcy, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Fuller Brush Co. is another company, as Rochelle explains, that had one of the best consumer brand names in the U.S., to end up in bankruptcy after failing to reinvent the business every few years. The podcast concludes with a discussion of the sale of Real Mex Restaurants Inc. and the phenomenon where secured creditors use Chapter 11 for a shortcut to foreclosure. (Source: Bloomberg) | 24.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Madoff, Grubb & Ellis, WaMu, MF Global: Audio | Feb. 22 (Bloomberg) -- The trustee liquidating Bernard L. Madoff Investment Securities Inc. and his chief lawyers from Baker & Hostetler LLP are charging in fees about 3 percent of the $9 billion they have collected. Even so, none of the fees will come out of the pockets of customers, for reasons explained by on the podcast by Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. Grubb & Ellis Co., a venerable name in the real estate industry, is to be purchased through a quickie Chapter 11 sale. Rochelle describes why confirmation of the $7 billion plan by Washington Mutual Inc. points out loopholes in the effort by Congress to force bank holding companies to make up capital deficiencies in their bank subsidiaries. The podcast ends with a report on one bank account that evidently contained none of the $1.6 billion that should have been segregated for customers of the brokerage subsidiary of MF Global Holdings Ltd. (Source: Bloomberg) | 22.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Lehman Distribution, A&P, Delta Petroleum: Audio | Feb. 21 (Bloomberg) -- Where Lehman Brothers Holdings Inc. was predicting an eventual recovery of about 20 percent for general unsecured creditors of the holding company, the first distribution could be less than 2 percent, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their podcast. Supermarket operator Great Atlantic & Pacific Tea Co. was forced to eliminate a $40 million cash distribution to general unsecured creditors given the inability to raise $750 million in bank financing to kick in on emergence from bankruptcy reorganization. Delta Petroleum Corp., an independent oil and natural gas exploration and development company, contends a bonus program for executives doesn't include prohibited retention bonuses even though the only requirement to receive a bonus is remaining with the company through March. The podcast ends by discussing a campaign by U.S. Bankruptcy Judge John K. Olson in Florida to stop what he called a "pervasive problem" resulting from bonus objections to claims. (Source: Bloomberg) | 21.2.12 | Kostenlos | In iTunes ansehen |
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IP Law: Lawyer: Candidates Violate Songwriters' Rights: Audio | Feb. 17 (Bloomberg) -- The issue of political campaigns using popular songs without permission has come up again this year. Newt Gingrich is being sued for using Survivor's "Eye of the Tiger" and K'naan has asked Mitt Romney to stop using his "Wavin' Flag." Bloomberg Law's Josh Block is joined by Lawrence Iser who represented both Jackson Browne and David Byrne when their songs were used in commercials for GOP candidates. Iser is an attorney at Kinsella Weitzman Iser Kump and Aldisert LLP. (Source: Bloomberg) | 17.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Kodak's Loan Settlement, Asarco-Sterlite: Audio | Feb. 16 (Bloomberg) -- How Eastman Kodak Co. won support from second-lien creditors for $950 million in financing is the first item on the new Bloomberg bankruptcy podcast. As Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss, the deal assures the junior secured creditors of being paid with interest when the patent portfolio is sold. Rochelle explains why a $132.75 million judgment in favor of Arizona copper producer Asarco LLC and against Sterlite Industries (India) Ltd. was a Solomonic decision by the bankruptcy judge that both sides should accept to avoid a worse result on appeal. (Source: Bloomberg) | 16.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Hostess, Kodak-RIM Lawsuit, Containership: Audio | Feb. 15 (Bloomberg) -- The Teamsters union threatened to strike Hostess Brands Inc. if the maker of Wonder Bread carries through with plans to impose lower wages and cut benefits. As Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss in their podcast, the union recognizes that a strike will drive Hostess out of business. The podcast continues with an analysis of how culmination of a patent-infringement trial against Blackberry maker Research in Motion Ltd. will help Eastman Kodak Co. command a higher price for intellectual property, assuming Kodak comes out on top. The podcast ends with discussion of whether Danish ship operator The Containership Co. (TCC) A/S can use the Chapter 15 case to sue 77 customers for breach of contract. (Source: Bloomberg) | 15.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Allen Stanford, Hostess, Lear Bankruptcies: Audio | Feb. 14 (Bloomberg) -- Whether victims of the R. Allen Stanford Ponzi scheme are entitled to have some of their claims paid by the Securities Investor Protection Corp. will be decided by federal district judges, not unilaterally by the Securities and Exchange Commission, as the result of a ruling discussed by Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle in their podcast. Rochelle lays out reasons why Mexican baker Bimbo Bakeries USA Inc. may have an interest in the bankruptcy of Wonder Bread maker Hostess Brands Inc. Auto parts maker Lear Corp. may not have absolution from antitrust claims despite having emerged from bankruptcy, for reasons Rochelle explains. The podcast wraps up by assessing the odds that a bankruptcy judge in Delaware will transfer the reorganization of AES Eastern Energy LP to Syracuse, New York. (Source: Bloomberg) | 14.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Wilpon-Madoff, Lehman Flip Clause, Hostess: Audio | Feb. 10 (Bloomberg) -- Fred Wilpon and other owners of the New York Mets baseball club are hoping the U.S. Supreme Court will hear an appeal from a circuit court ruling on how to calculate customer claims in the liquidation of Bernard L. Madoff Investment Securities Inc., as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. A U.S. district court is being asked to enforce a ruling from a U.K. court regarding Lehman Brothers Holdings Inc. where the U.S. Bankruptcy Court ruled the other way on a dispute concerning a so-called flip clause. The third and last item on the podcast describes the $1.5 million employment contract for Brian J. Driscoll, the chief executive of Hostess Brands Inc. (Source: Bloomberg) | 13.2.12 | Kostenlos | In iTunes ansehen |
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Tech Law: The Hidden Dangers of 'Liking' on Facebook: Audio | Feb. 9 (Bloomberg) -- Facebook, which filed an IPO last week to raise $5 billion, has no warehouses of inventory. Its inventory is supplied by its users -- their likes, dislikes and interests, which the social media giant can use to help advertisers target their messages. Law professor Lori Andrews tells Bloomberg Law's Josh Block that users need to be protected from that kind of aggregation of personal data. Andrews is a law professor at Chicago-Kent College of Law and the author of "I Know Who You Are and I Saw What You Did: Social Networks and the Death of Privacy." (Source: Bloomberg) | 9.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on A&P Confirmation, China.com, Vitro's Win: Audio | Feb. 9 (Bloomberg) -- At the hearing where Great Atlantic & Pacific Tea Co. is attempting to win court approval of the reorganization, the supermarket operator must overcome objections from creditors who contend it's improper to throw all assets and debt into one pot, in a process known as substantive consolidation, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their bankruptcy podcast. Rochelle describes how CDC Corp., a China-based enterprise software developer also known as China.com, is the unusual case where money will be left over for shareholders. The podcast wraps up with discussion of a significant victory won by Vitro SAB de CV when a court in Mexico approved the glass producer's reorganization plan. Rochelle explains why the Vitro bondholders may be hard pressed to come out on top, even if they convince a U.S. bankruptcy judge that the Mexican reorganization shouldn't be enforced in the U.S. (Source: Bloomberg) | 9.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on MF Global, TBS, Christ Hospital Bankruptcies: Audio | Feb. 8 (Bloomberg) -- Customers of MF Global Inc., the liquidating commodity broker, may never be able to recover their missing $1.2 billion because a report by the trustee sounded as though the money may not have been lost through "actual fraud." As Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss in their podcast, the so-called safe harbor in bankruptcy law might preclude recovery of the funds even though numerous laws and regulations were violated. Rochelle reports that 2012 may be another lean year for bankruptcy professionals because only $27 billion in junk debt matures this year. The newest shipping Chapter 11 filing, by TBS International Plc., is another instance where companies with few ties to the U.S. are reorganizing in New York. The podcast ends with discussion of another hospital filing in New Jersey, where politics may have interfered with the ability of by Christ Hospital to sell itself and avoid Chapter 11. (Source: Bloomberg) | 8.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Las Vegas Monorail, Declining Bankruptcies: Audio | Feb. 7 (Bloomberg) -- Las Vegas Monorail Co. is the first item on the Bloomberg bankruptcy podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. Responding to defects the bankruptcy judge found in the prior reorganization proposal, the new version will have the driverless conveyance emerge from Chapter 11 by eliminating more than 99 percent of $650 million in bonds. January had the fewest bankruptcies in four years, while New York and Delaware were increasing their market share for Chapter 11 filings. Rochelle describes a Florida hotel bankruptcy as an example for how repetitive filings can drive lenders to distraction. Rochelle concludes the podcast by discussing two new bankruptcy decisions. One, from a district judge in Chicago, all but prohibits bankruptcy judges for making final rulings in fraudulent transfer suits, even when the fraud claim could be fully decided in the course of passing on the creditor's claim. The second case, from a U.S. district judge in New Orleans, once again shows how federal courts are at the forefront of requiring lender to follow the rules. (Source: Bloomberg) | 7.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Jobson, MF Global, Kodak Bankruptcies: Audio | Feb. 6 (Bloomberg) -- The prepackaged reorganization for Jobson Healthcare Information LLC is an example of using bankruptcy court to kick the can down the road, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. The podcast continues by describing how CME Group Inc., the owner of the world's largest futures exchanges, is putting $100 million aside to assure farmers and ranchers they won't incur another loss if they hedge crops by buying futures contracts. Rochelle explains how Eastman Kodak Co. is becoming a test case for whether supposedly "critical vendors" will disrupt an otherwise successful reorganization if their pre-bankruptcy unsecured debts aren't paid. The podcast ends with discussion of another appeals court decision demonstrating how federal courts more than state courts are requiring mortgage lender to comply with law before being permitted to foreclose. (Source: Bloomberg) | 6.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on AES Eastern Venue Questions, Adelphia: Audio | Feb. 3 (Bloomberg) -- AES Eastern Energy LP, an owner of six power plants in New York State, could turn into a test case for whether companies with few connections to Delaware may nonetheless reorganize there, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their bankruptcy podcast. Open Range Communications Inc., a defunct wireless broadband provider, is biting the hand that fed it, or so Rochelle says. U.S. Bankruptcy Judge Cecelia G. Morris will become the next chief bankruptcy judge in the Southern District of New York, although her home court is a two-hour drive north of Manhattan. The podcast ends with an examination of when trials in bankruptcy court may offend the U.S. Constitution, using an Adelphia Communications Corp. opinion from a district judge in New York as a jumping off point for analysis. (Source: Bloomberg) | 3.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on GGP, Lehman, Madoff Bankruptcies: Audio | Feb. 2 (Bloomberg) -- The U.S. Court of Appeals in San Francisco handed down an opinion in late January that might have made the reorganization of General Growth Properties Inc. impossible had it been written three years earlier and adopted by courts in New York, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their bankruptcy podcast. Lehman Brothers Holdings Inc. may raise the hackles of creditors with disputed claims by proposing to use illiquid assets as backup for distributions when disagreements on claims are settled. By the end of this month, as Rochelle explains, Fred Wilpon and other owners of the New York Mets baseball club could be saddled with an $80 million judgment while still facing a jury trial in March where the trustee for Bernard L. Madoff Investment Securities Inc. will be aiming to recover an additional $300 million. The podcast ends when Rochelle discusses a bankruptcy case from North Carolina where a bankruptcy judge, possibly seeing the creditors as obstructionist, disbanded the official committee representing unsecured creditors. (Source: Bloomberg) | 2.2.12 | Kostenlos | In iTunes ansehen |
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IP Law: RapidShare Lawyer on Megaupload Indictment: Audio | Feb. 1 (Bloomberg) -- On Jan. 19 the file-sharing website, Megaupload was shut down and companies and officials associated with it were indicted in U.S. District Court, Eastern District of Virginia. Bloomberg Law's Josh Block talks with Daniel Raimer, General Counsel for one of the world's other most popular file-sharing websites, RapidShare. Raimer tells Block that he is surprised Megaupload did not have legal issues sooner, and that life has suddenly become much more stressful in the file-sharing and cloud services business. (Source: Bloomberg) | 1.2.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Dynegy, PMI, Syms, Core Jurisdiction: Audio | Jan. 30 (Bloomberg) -- Appaloosa Management LP, a subordinated noteholder, could scuttle the proposed reorganization for power producer Dynegy Holdings LLC by convincing the bankruptcy judge at a Feb. 24 hearing that senior and subordinated noteholders shouldn't be in the same class, as Bloomberg News bankruptcy columnist Bill Rochelle discusses on the podcast with Bloomberg Law's Lee Pacchia. Sandwiched in the middle of the podcast are two stories on salaries and fees in bankruptcy cases. For PMI Group Inc., it's the U.S. Trustee's objection that $3.5 million in compensation for a year's work is too much for the non-operating company's top two officers. In the liquidation of retailers Syms Corp. and Filene's Basement LLC, the creditors' committee sought to limit professional fees for the equity committee, to see the bankruptcy judge threaten to cut expenses for all professionals. The podcast wraps up by discussing an opinion from a district judge who's threatening to make new law in the reorganization of DeWitt Rehabilitation & Nursing Center Inc. by holding that there must be diversity jurisdiction to sustain a non-core lawsuit in district court. (Source: Bloomberg) | 31.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Kodak, WaMu Bankruptcies, Mohegan Sun: Audio | Jan. 27 (Bloomberg) -- The Eastman Kodak Co. creditors' committee has a composition that seems inclined to help the company avoid total liquidation, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle analyze on their bankruptcy podcast. Rochelle discusses the issues involved when the bankruptcy judge must decide whether to facilitate a global settlement by retracting 30 pages from an opinion she wrote in September finding cause to sue noteholders for allegedly trading debt of Washington Mutual Inc. based on non-public information. The podcast ends with an analysis of whether the exchange offer for Mohegan Tribal Gaming Authority solves the casino operator's financial problems or only kicks the can down the road. (Source: Bloomberg) | 27.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Lower Bankruptcy Fees, Coach America, Vitro: Audio | Jan. 26 (Bloomberg) -- The cost of filing a Chapter 7 personal bankruptcy fell 9 percent last year to about $1600, as the result of more bankruptcy lawyers chasing fewer prospective clients, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their bankruptcy podcast. Rochelle uses projections prepared by Coach America Holdings Inc. to show how the charter bus operator needs most of $30 million in new financing to pay incremental costs resulting from bankruptcy. While Vitro SAB de CV won another skirmish with holders of $1.2 billion in defaulted bonds, Rochelle describes how the main battle will take place in a circuit court of appeals in March over the question of whether non-bankrupt foreign companies can be given protection from an affiliate's bankruptcy. (Source: Bloomberg) | 26.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Kodak, St. Louis Post-Dispatch Bankruptcies: Audio | Jan. 25 (Bloomberg) -- Although Eastman Kodak Co. projects consuming almost $365 million cash during the first three months in bankruptcy reorganization, Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their bankruptcy podcast how a good deal of the cash burn represents one-time payments to creditors. In the second item on the podcast, Rochelle describes how the confirmed reorganization of Lee Enterprises Inc. "kicks the can down the road" and leaves the owner of the St. Louis Post-Dispatch vulnerable to a second bankruptcy if operations don't improve or refinancing isn't possible. (Source: Bloomberg) | 25.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Tronox-Kerr-McGee-Anadarko, WaMu, Donzi: Audio | Jan. 24 (Bloomberg) -- Kerr-McGee Corp. and Anadarko Petroleum Corp. may find themselves under more pressure to settle now that the bankruptcy judge refused to impose a ceiling on damages that Tronox Inc. might win at trial to begin in May. One method proposed by Tronox would produce damages of $15.5 billion, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their bankruptcy podcast. Although the lawsuit against three former top officer of Washington Mutual Inc. will generate about $40 million for the Federal Deposit Insurance Corp., the officers themselves will dip into their pockets for only $425,000. The maker of Donzi, Pro-Line and Fountain motorboats is back in Chapter 11 less than two years after completing a prior bankruptcy reorganization. To end the podcast, Rochelle describes a lender-friendly opinion from the U.S. Court of Appeals in Chicago, written by Circuit Judge Richard A. Posner. (Source: Bloomberg) | 24.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Kodak, Hostess, Seaarland Bankruptcies: Audio | Jan. 23 (Bloomberg) -- For Eastman Kodak Co., the battle lines are being drawn to determine the company's future, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Where Kodak arranged financing to support a traditional reorganization around the printer business, holders of some of the $750 million in second-lien debt are already expressing a preference for selling everything quickly for a larger return on debt possibly purchased at discount. Rochelle explains why the newly-formed creditors' committee for Hostess Brands Inc. may be unable to take a position with regard to termination of union contracts and retiree benefits. Rochelle winds up the podcast discussing how the reorganization of an obscure Dutch ship owner named Seaarland Shipping Management could result in a ruling saying whether a creditor can be in hot water for having torpedoed an out-of-court restructuring. (Source: Bloomberg) | 23.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Eastman Kodak, Hostess Brands Bankruptcies: Audio | Jan. 20 (Bloomberg) -- The Eastman Kodak Co. Chapter 11 filing paints a picture of a shrinking company with depressed sales no longer able to support the debt structure of a larger business, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their bankruptcy podcast. Hostess Brands Inc., another consumer products company that failed to reinvent itself over the years, has an official creditors' committee dominated by labor unions and union pension funds, for reasons Rochelle explains. (Source: Bloomberg) | 20.1.12 | Kostenlos | In iTunes ansehen |
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Communications Law: High Court's '7 Dirty Words' Redux: Audio | Jan. 19 (Bloomberg) -- Since 1978, in the wake of a radio broadcast of comedian George Carlin's "seven dirty words" routine, the Federal Communications Commission has banned indecent material from both broadcast radio and television from 6 a.m. to 10 pm. But today, roughly 90 percent of households receive "broadcast" television content through cable or satellite, alongside basic cable and pay channels that are not subject to the indecency rules. Is it time for the rules to catch up to the technology? Bloomberg Law's Josh Block talks with Tom Taylor, an editor of Bloomberg BNA's U.S. Law Week, about last week's Supreme Court oral arguments in FCC v. Fox Television Stations Inc., which could substantially alter the regulatory regime. (Source: Bloomberg) | 19.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on American Airlines, Kodak, Two Casinos: Audio | Jan. 17 (Bloomberg) -- American Airlines Inc. might be worth more to creditors reorganized internally than sold or merged with another airlines if a stand-alone Chapter 11 plan preserves tax losses to offset profits in future years, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle consider on their bankruptcy podcast. Rochelle ponders whether prospective buyers of intellectual property are holding back for fear that Eastman Kodak Co. could be forced to file bankruptcy before a sale can be completed, even if a contract is signed soon. The podcast ends by talking about two casino operators, Legends Gaming LLC and Tunica-Biloxi Gaming Authority, as examples of difficulties facing the gaming industry. (Source: Bloomberg) | 17.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Hostess, Syms, Sears, 'Gift' Plans: Audio | Jan. 13 (Bloomberg) -- The $75 million bankruptcy loan for Hostess Brands Inc. is costing over 18 percent, if interest and fees are added, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their bankruptcy podcast. The stock of former retailer Syms Corp. initially plunged 25 percent when the company issued financial statements with disappointing projections about the liquidation. Rochelle dissects why commercial factor CIT Group Inc. may have decided to cut off retailer Sears Holdings Corp. Rochelle ends the podcast by discussing a case from the U.S. Court of Appeals in Chicago useful for anyone intending to propose a Chapter 11 "gift" plan. (Source: Bloomberg) | 13.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Hostess, Dodgers, Buffets, MF Global: Audio | Jan. 12 (Bloomberg) -- When Hostess Brands Inc. filed under Chapter 11 less than three years after emerging from a prior bankruptcy reorganization, the maker of Wonder Bread laid blame for financial problems on the shoulders of labor unions, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their bankruptcy podcast. Facing an uphill fight in federal district court against Fox Entertainment Group Inc. and lacking enough time for a second appeal to the circuit court of appeals, Los Angeles Dodgers capitulated by conceding there will be no marketing of future telecasting rights before December 2012. Buffets Inc., a chain of family restaurants that emerged from bankruptcy reorganization in April 2009, is looking at the possibility of another bankruptcy after missing an interest payment on first-lien debt. Although Vertrue Inc. hasn't been in bankruptcy before, the provider of membership service programs likewise faces the possibility of bankruptcy after being unable to pay first- and second-lien debt. The fifth item on the podcast is Rochelle's prediction that commodities broker MF Global Inc. will face delays in making distributions to customers while appeals courts decide whether the Commodity Futures Trading Commission exceeded its rule-making authority by sweeping assets into the pot for customers that should belong to all creditors. (Source: Bloomberg) | 12.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Dodgers, MF Global, Hostess Brands: Audio | Jan. 11 (Bloomberg) -- The Los Angeles Dodgers are pulling out all the stops in an effort at regaining the ability to shop for a television broadcaster to take over in the 2014 baseball season, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their bankruptcy podcast. Rochelle talks about what is and what isn't a conflict of interest for the trustee liquidating the broker MF Global Inc. Rochelle clarifies a press release from Friendly Ice Cream Corp. which sounded as though the restaurant operator confirmed a Chapter 11 plan when the business was sold without completing a reorganization. The podcast concludes by tracing the current-day problems of Wonder Bread-maker Hostess Brands Inc. back to the nearly five-year Chapter 11 reorganization that ended in 2009 when the company was known as Interstate Bakeries Corp. (Source: Bloomberg) | 11.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle: Health Care Was Sick In 2011, Banks Healthier: Audio | Jan. 10 (Bloomberg) -- The health care industry was sicker in 2011 than the financial industry, which scored a comeback from the prior year's leadership in large-scale bankruptcies, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their new bankruptcy podcast. Rochelle explains how some holders of Borders Group Inc. gift cards were treated unfairly, although it may be too late for the bankruptcy judge to ride to the rescue. The last item on the podcast is for consumption by those interested in the details of bank liquidations. Rochelle describes how the Federal Deposit Insurance Corp. scored a victory over Colonial BancGroup Inc., the holding company for a failed bank. (Source: Bloomberg) | 10.1.12 | Kostenlos | In iTunes ansehen |
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IP Law: Comedians Stand Up to Joke Thieves Without Law: Audio | Jan. 10 (Bloomberg) -- When comedian Joe Rogan confronted Carlos Mencia on stage over accusations of joke-stealing, the videotaped argument went viral and was viewed more than five million times. The argument led Dotan Oliar and Christopher Sprigman, two professors from the University of Virginia School of Law, to explore how stand-up comedians protect their intellectual property. Oliar and Sprigman talk with Bloomberg Law's Josh Block. (Source: Bloomberg) | 10.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Madoff, Kodak, Nebraska Book, Roomstore: Audio | Jan. 9 (Bloomberg) -- The trustee liquidating Bernard L. Madoff Investment Securities Inc. won a victory over customers of feeder funds while he faces another threat to his hundreds of lawsuits against customers, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their new bankruptcy podcast. Rochelle explains why Moody's Investors Service believes Eastman Kodak Co. may have more success under Chapter 11 in selling intellectual property possibly worth billions. By closing a handful of stores and saying others are performing well, college bookseller Nebraska Book Co. is hinting that a new Chapter 11 plan may be around the corner. The podcast ends by pointing out how a smaller retailer like RoomStore Inc. can't cut so lucrative a deal with liquidators. (Source: Bloomberg) | 9.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Sears, MF Global, Le-Nature Bankruptcies: Audio | Jan. 6 (Bloomberg) -- The distinctive aroma of Sears stores in the post-World War II U.S. is the first item on the bankruptcy podcast, where Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle analyze how the venerable retailer can save itself from the ravages of bankruptcy court. Rochelle explains how the creditors' committee for MF Global Holdings Ltd. is attempting to accomplish indirectly what the bankruptcy judge already said it couldn't do directly. Crime doesn't pay. Indeed, it meant 15 to 20 years in prison for perpetrators of the Le-Nature's Inc. fraud. The government's cooperating witness got off with five years behind bars. The podcast winds up with an explanation for how a seemingly unjust appeals court ruling resulted from 500 years of law governing mortgages and notions of equity. (Source: Bloomberg) | 6.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on Bankruptcy Statistics, Coach America, WaMu: Audio | Jan. 5 (Bloomberg) -- Bankruptcies in 2011 declined between 12 percent and 25 percent from the post-recession peak in 2010, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle report in their bankruptcy podcast. Coach America Holdings Inc., the largest U.S. charter bus operator, departed from the usual pattern by filing in Chapter 11 without having first negotiated a reorganization plan with secured lenders. The podcast ends with an explanation for why an opinion by the bankruptcy judge knocked about 90 percent off the value of some of the securities provided for in the Washington Mutual Inc. Chapter 11 plan. (Source: Bloomberg) | 5.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle on LA Dodgers, Vitro, Dynegy, 2011 Statistics: Audio | Jan. 4 (Bloomberg) -- The Los Angeles Dodgers were given a drubbing in federal district court at the hands of Fox Entertainment Group Inc., as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle recount in their first bankruptcy podcast of the new year. Although the ultimate results still aren't known, Rochelle describes the fast-paced litigation that Mexican glass maker Vitro SAB de CV and bondholders conducted between the holidays in federal district and circuit courts. When Dynegy Inc. is investigated by an examiner, the power producer won't be able to hold back communications with lawyers, as Rochelle explains. The podcast ends with a rundown on 2011's largest bankruptcies, where three Chapter 11s in the last quarter represented 70 percent of all debt among public companies inducted into reorganization throughout the year. (Source: Bloomberg) | 4.1.12 | Kostenlos | In iTunes ansehen |
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Rochelle: More Bankruptcies for Turnaround Professionals: Audio | Dec. 23 (Bloomberg) -- Some signs are pointing toward more work ahead for turnaround professionals and bankruptcy lawyers, given statistics discussed by Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle on their bankruptcy podcast. Rochelle talks about a ruling by a bankruptcy judge in New York regarding the ethical pitfalls in using the courts' electronic filing system. The podcast ends with an examination of situations when a bankruptcy court can cut down on the amount of a home mortgage and when it can't. (Source: Bloomberg) | 23.12.11 | Kostenlos | In iTunes ansehen |
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Rochelle on WaMu, West End Financial, PMI Bankruptcies: Audio | Dec. 22 (Bloomberg) -- The judge presiding over the Washington Mutual Inc. reorganization issued an opinion with important implications for the loan-securitization industry, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their new bankruptcy podcast. Rochelle explains what "lumping" means and why it should be avoided, even with clients not yet in bankruptcy, as the result of a pending dispute in the reorganization of fund adviser West End Financial Advisors LLC. The podcast closes by posing the question of whether a $1.25 million salary, plus bonus, is too much or too little for the chief executive of a company with no operations like PMI Group Inc. (Source: Bloomberg) | 22.12.11 | Kostenlos | In iTunes ansehen |
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Rochelle on Omega Navigation, MF Global, M. Slavin: Audio | Dec. 21 (Bloomberg) -- U.S. Bankruptcy Judge Karen K. Brown in Houston is threatening to impose sanctions on a law firm and its client for making allegations of fraudulent conduct by Omega Navigation Enterprises Inc. that didn't turn out to be true, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their new bankruptcy podcast. Regarding the liquidation of MF Global Holdings Ltd., Rochelle explains why possible tax advantages counsel keeping the liquidation in Chapter 11, at least for the time being. The podcast wraps up by using the confirmed Chapter 11 plan of fishmonger M. Slavin & Sons Ltd. as an example of a seldom-seen bootstrap reorganization. (Source: Bloomberg) | 21.12.11 | Kostenlos | In iTunes ansehen |
| Insgesamt: 100 Folgen |
