Tag:
Chapter 11
Latest Headlines
Latest Headlines
Hedge funds vs. bankruptcy judges
If a hedge fund wants to take an active role in a Chapter 11 proceeding, how forthcoming does it have to be about its business and interests? That's a big issue right now, with lots of opinions. It will be taken up by a federal rule-making panel that will try to bring some consistency to the issue
JPMorgan at risk in Lehman controversy?
It was big news when the Lehman Brothers estate claimed that Barclays owes it $8 billion. Now it looks like it might have some reverberations that could touch JPMorgan Chase, notes TheStreet.com . Reportedly, JPMorgan made a multibillion dollar collateral call against Lehman just prior to the l
Perspective on the private equity bloodbath
It's not news that the private equity industry has been battered by the credit crisis. TheDeal.com puts some perspective to the carnage; it notes S&P data showing that 218 companies with private equity and venture capital funding filed for Chapter 11 protection in 2008, up 86 percent from
Big winner in Lehman mess: attorneys
For the attorneys lucky enough to have a piece of the Lehman Brothers bankruptcy pie, these are good times. Law firm Weil, Gotshal & Manges is seeking up to $950 an hour to represent Lehman while restructuring specialist Alvarez & Marsal is seeking hourly payments of up to $850, the Fina
CDS market: Risk concerns mounting
Is anyone really afraid of another Bear Stearns ? I don't think we'll get another rumor-driven failure. The Fed's new facilities make that much more unlikely, though the rumors can really cause problems for firms. There were lots of rumors about Lehman Brothers a while back; some people we
