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Results: 1-10 of 10

Solvency finding drives Fifth Circuit to affirm dismissal of $2.5-billion fraudulent transfer suit

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • August 8 2014

The U.S. Court of Appeals for the Fifth Circuit, on July 30, 2014, affirmed a district court's dismissal of a litigation trustee's $2.5-billion

District court blocks bankruptcy trustee’s foreign entanglement

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • July 11 2014

U.S. District Judge Jed S. Rakoff of the Southern District of New York held on July 6, 2014 that the Madoff Securities SIPA trustee could not recover

District Court adopts subjective good faith defense for fraudulent transfer claims in SIPA case

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • May 21 2014

The U.S. District Court for the Southern District of New York, on April 27, 2014, issued a decision directing the bankruptcy court to dismiss

Tronox Securities Litigation settlement has implications for environmental disclosures and related D&O insurance claims

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • August 17 2012

A settlement has been announced in the Tronox Securities Litigation, making it one of the first cases where the failure to publicly disclose environmental liabilities has resulted in a substantial settlement

Second Circuit rules against net winners in Madoff “net equity” dispute

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • August 18 2011

In a decision likely to affect thousands of Madoff investors, the Second Circuit Court of Appeals on Aug. 16, 2011 unanimously upheld the method used by the liquidating trustee for Bernard L. Madoff Investment Securities LLC (“BLMIS”) to calculate investors’ “net equity” when determining how customer property will be distributed in the BLMIS liquidation

Bankruptcy Court approves procedures for determining allowed amounts of structured securities claims

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • August 12 2011

The United States Bankruptcy Court for the Southern District of New York, overseeing the bankruptcy cases of Lehman Brothers Holdings Inc. (“LBHI”) and its affiliated debtors (collectively, the “Debtors”), entered an order on Aug. 10, 2011 approving procedures for determining for both voting and distribution purposes the allowed amounts of claims filed based on structured securities issued or guaranteed by LBHI (the “Structured Securities”

Bankruptcy claims trading orders: who is watching?

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • August 11 2011

Currently, negotiation and documentation of claims trades remain largely unregulated, with only limited oversight from bankruptcy courts and the Securities and Exchange Commission

District court affirms decision to deny Cayman Islands hedge funds access to U.S. bankruptcy court under Chapter 15

  • Schulte Roth & Zabel LLP
  • -
  • Cayman Islands, USA
  • -
  • June 5 2008

The United States District Court for the Southern District of New York recently affirmed a bankruptcy court’s denial of Chapter 15 protection for the U.S. assets of two Cayman Islands hedge funds

The risks associated with financial counterparties

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • March 19 2008

As a result of the recent turmoil in the financial markets, a number of clients have asked us questions about counterparty risk

Court denies hedge funds' motion to seal confidential trading information

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • March 12 2007

Members of the ad hoc shareholders’ committee in the Northwest Airlines reorganization case lost their attempt on March 9 to seal “the amounts of claims or interest they owned , the times when acquired, the amounts paid therefor, and any sales or other disposition thereof.”