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When environmental law confronts bankruptcy law

Fox Rothschild LLP
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USA
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November 26 2012

In a prolonged financial downturn, it is an even more difficult burden for many companies to shoulder their own environmental remediation requirements

Default interest greater than 5 questioned in bankruptcy

Fox Rothschild LLP
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USA
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November 20 2012

The US Bankruptcy Court in Massachusetts says default rates must be justified as a reasonable measure of damages at the time of the making of the loan and that a floating default rate that can exceed 5 will not be allowed as part of a creditors claim in the borrower's bankruptcy

Investment adviser Ivy Asset Management settles Madoff lawsuits for $210 million - installment 86

Fox Rothschild LLP
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USA
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November 17 2012

On November 13, 2012, the U.S. Department of Labor (the “DOL”) issued a press release entitled “US Labor Department Recovers Nearly $220 Million for Madoff Victims.”

Overseas Shipholding Group files for bankruptcy in Delaware

Fox Rothschild LLP
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USA
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November 17 2012

On November 14, 2012, Overseas Shipholding Group, Inc. ("OSG"), filed chapter 11 petitions for bankruptcy with the United States Bankruptcy Court for the District of Delaware

New Jersey court rules receiver can be liable for personal injury

Fox Rothschild LLP
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USA
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November 8 2012

The New Jersey Appellate Court has recently ruled that a receiver can be sued for injuries sustained in a building under the receiver’s control

First Place Bank Holding Co. files for bankruptcy in Delaware

Fox Rothschild LLP
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USA
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October 29 2012

On October 29, 2012, First Place Financial Corp., the holding company for First Place Bank (collectively, "First Place Bank" or "First Place"), filed Chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware

Raser Technologies trustee files preference complaints

Fox Rothschild LLP
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USA
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October 25 2012

Earlier this month, William Giovanniello, acting as the creditor trustee (the "Trustee") for Raser Technologies ("Raser"), began filing complaints seeking to avoid and recover what the Trustee contends are preferential transfers under 11 U.S.C. sec. 547

Back Yard Burgers files for bankruptcy in Delaware

Fox Rothschild LLP
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USA
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October 23 2012

On October 17, 2012, Back Yard Burgers, Inc. (the "Debtor" or "Back Yard Burgers"), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware

A closer look at the Satcon Technology bankruptcy

Fox Rothschild LLP
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USA
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October 21 2012

On October 17, 2012, Satcon Technology Corporation and various of its subsidiaries (collectively, "Satcon") filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware

Lithium-ion battery manufacturer, A123 systems, files for bankruptcy in Delaware

Fox Rothschild LLP
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USA
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October 17 2012

On October 16, 2012, battery maker A123 Systems, Inc., and various subsidiaries, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware

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