Bankruptcy Law

Judge fines bankruptcy lawyer – Milwaukee Journal Sentinel

Emory Booker, the attorney who promotes himself as Milwaukee’s “Light Hero,” targets poor people who do not understand bankruptcy laws, Chief Bankruptcy Judge Pamela Pepper said Tuesday in fining him $5,000 for overcharging clients and other violations.

Madoff Class-Action Lawsuit Is Barred by Bankruptcy Judge – Bloomberg

A class-action lawsuit filed in Florida against the estate of former Bernard Madoff investor Jeffry Picower was stopped by a U.S. bankruptcy judge in Manhattan, who said the suit violates the law. The Madoff brokerage trustee, Irving Picard …

Madoff Class-Action Lawsuit Is Blocked by U.S. Bankruptcy Judge – Businessweek

Harris has said her suit isn’t barred under bankruptcy law, because she is exercising her policing power under state law. Picard sued Chais and related entities in 2009, demanding the return of $1 billion allegedly withdrawn fraudulently from …

Madoff Class-Action Lawsuit Is Barred by Bankruptcy Judge – Businessweek

A class-action lawsuit filed in Florida against the estate of former Bernard Madoff investor Jeffry Picower was stopped by a U.S. bankruptcy judge in Manhattan, who said the suit violates the law. The Madoff brokerage trustee, Irving Picard …

Top Courts in U.S. and Britain Enter the Madoff Fray – New York Times

Of the 1,050 lawsuits his lawyers filed, at least 70 have international defendants, according to his most recent interim report to the Federal Bankruptcy Court in Manhattan. Law firms have been engaged to represent the trustee in litigation in …

Maine Lawyer Robert J. Keach Appointed Fee Examiner For American Airlines’ Chapter 11 Cases – Yahoo Finance

PORTLAND, Maine, June 20, 2012 /PRNewswire-iReach/ — Robert Keach, co-chair of Portland Maine law firm Bernstein Shur’s Business … Lane, the United States Bankruptcy judge presiding over cases in the Southern District of New York.

Madoff Trustee Picard Joins Twitter – Wall Street Journal

Madoff is serving a 150-year prison sentence after he admitted in 2009  to carrying out a decades-long fraud scheme. This has been cross-posted from Law Blog.

MSR Resorts Say Hilton Dispute Holding Up Reorganization – Bloomberg

The offer that Berkshire Hathaway Inc. made for Residential Capital LLC, along with related issues, is the first topic for discussion on the bankruptcy podcast with Bloomberg Law’s Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle.

The Daily Docket: Berkshire, Nationstar Named Lead Bidders for ResCap – Wall Street Journal

Law Blog reports that the group winding down Dewey & LeBoeuf … Eastman Kodak Co. has sued Apple Inc. over ownership patents Kodak wants to sell in bankruptcy, the Rochester Democrat & Chronicle reports. Top courts in the U.S. and … Continue reading

Dewey Bankruptcy Team Pushes for Quick Clawback Settlement – Wall Street Journal

Mr. Mitchell and Dewey’s bankruptcy lawyer, Albert Togut, have both said they want to resolve such claims quickly to avoid the drawn-out litigation and rancor that have characterized previous law firm failures. It took two years to hammer out …