Operator of Trump International Hotel in Vancouver Files for Bankruptcy
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Cramdown Doesn’t Require Strict Enforcement of Subordination, Third Circuit Says
Pragmatic opinion by Circuit Judge Ambro allows cramdown to achieve ‘rough justice.’
Court:
Neiman Marcus Sues Marble Ridge Over Alleged Bid Rigging
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Lord & Taylor Closing All Its Stores After 194 Years in Business
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Remington Won’t Have to Answer Questions from Sandy Hook Families
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Boy Scouts Complain of Misleading Ads to Solicit Victims
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Hertz Seeks Up to $1.5 Billion in Bankruptcy Loan
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Third Circuit Backtracks; Malice Not Required for Punies on a Dismissed Involuntary
Even when after a finding of bad faith, the court retains discretion to deny punitive damages, Third Circuit says. Compensatory damages are not available if the debtor was failing anyway.
Court:
Retail Bankruptcies Will Push Mid-Range Malls Over the Edge
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Mall Giant Simon Snapping Up Bankrupt Retailers to Outdo Its Rivals
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