The announcement earlier this week that onetime Dewey & LeBoeuf partner Stephen Best had moved from Brownstein Hyatt Farber & Schreck to Brown Rudnick has prompted a barbed email exchange between two lawyers representing clients with competing interests in now-defunct Read more »
Tag Archives: Bankruptcy Court
Ally, ResCap creditors reach settlement
Tue May 14, 2013 11:56am EDT May 14 (Reuters) – Bankrupt Residential Capital LLC said on Tuesday that parent Ally Financial Inc reached a private settlement with ResCap creditors, who say Ally owes them $25 billion.The deal will keep sealed Read more »
UPDATE 1-Ally reaches deal with ResCap creditors
Tue May 14, 2013 12:32pm EDT * Deal allows Ally to shed links to mortgage lending * Settlement details likely next week * Examiner’s report remains sealed until May 23 By Nick Brown and Tom Hals May 14 (Reuters) – Read more »
ResCap examiners’ report filed under seal
Mon May 13, 2013 3:34pm EDT May 13 (Reuters) – A report by a court-appointed independent examiner into dealings between Residential Capital LLC and the bankrupt lender’s parent, Ally Financial Inc, has been filed under seal, a lawyer for the Read more »
Paulson hedge fund puts hotel unit in bankruptcy to escape lawsuit
Thu May 9, 2013 5:28pm EDT * MSR Hotels & Resorts files Chapter 11 * Five Mile claims sale of luxury resorts was not fair * Paulson unit accuses lender of legal “terrorization” By Jonathan Stempel May 9 (Reuters) – Read more »
Advisers’ Tab in Dewey Bankruptcy Hits $23.6 Million
With a liquidation trustee now overseeing Dewey & LeBoeuf’s bankruptcy, the professional advisers who guided the defunct firm through its first nine months of Chapter 11 proceedings want to be paid the balance of the $23.6 million they say they Read more »
UPDATE 1-Ally Financial unit ResCap’s CEO resigns
Mon May 6, 2013 10:06am EDT * Marano headed mortgage department at Bear Stearns * Marano has previously worked for Cerberus Capital * ResCap filed for bankruptcy in May 2012 May 6 (Reuters) – Residential Capital LLC Chief Executive Thomas Read more »
White & Case, Fox Rothschild Steer Coda Into Chapter 11
White & Case and Fox Rothschild are advising Coda Holdings as it drove into bankruptcy in Delaware on May 1. The struggling Los Angeles-based electric carmaker—backed by hedge fund billionaire Philip Falcone—sought Chapter 11 protection under a $25 million plan Read more »
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