In October of this year, Sears Holdings Corp and affiliated Debtors filed a Chapter 11 case in the U.S. Bankruptcy Court for the Southern District of New York in a
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U.S. Bankruptcy Court for the Southern District of New York
Second Circuit Finds Madoff Trustee can seek to Clawback Billions in Funds Transferred Abroad
By Fox Rothschild LLP on
Earlier this week, the U.S. Court of Appeals for the Second Circuit revived 88 fraudulent transfer cases that were consolidated on appeal. In those actions, the trustee for the Liquidation…
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Fyre Festival Trustee Approved for 2004 Exams of Social Media Influencers
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In the Fyre Festival LLC chapter 7 bankruptcy case, pending in the US Bankruptcy Court for the Southern District of New York, the chapter 7 trustee was recently granted broad…
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Alert: Cambridge Analytica files for Bankruptcy Protection
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Cambridge Analytica filed for bankruptcy under Chapter 7 of the Bankruptcy Code late last week and recently announced that it will be shutting down. We will be monitoring the case…
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Analysis Regarding Third-Party Releases in Bankruptcy
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In the recent decision of In re Genco Shipping & Trading Ltd., the United States Bankruptcy Court for the Southern District of New York approved certain non-consensual third-party releases…
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Pinnacle Airlines Files for Bankruptcy in the Southern District of New York
By Fox Rothschild LLP & Fox Rothschild LLP on
Introduction
On April 1, 2012, Pinnacle Airlines Corp. (“Pinnacle”) and four of its subsidiaries, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the Southern District…
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Bahraini Investment Bank, Arcapita Bank BSC, Files for Bankruptcy in the Southern District of New York
By Fox Rothschild LLP & Fox Rothschild LLP on
Introduction
On Monday, Arcapita Bank BSC (“Arcapita”), a Bahraini closed joint stock company, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the Southern District of…
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A Look At Value City’s Objectives While In Bankruptcy
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Background on the Bankruptcy Filing
On October 26, 2008, Value City Department Stores filed chapter 11 bankruptcy petitions in the United States Bankruptcy Court for the Southern District of New…
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