http://bankruptcy.law360.com/ The Newswire for Legal Professionals Copyright 2010 Portfolio Media, Inc. en-US http://bankruptcy.law360.com/images/headings/logo.gif http://bankruptcy.law360.com/ http://bankruptcy.law360.com/articles/154034 Four groups of stakeholders are vying for the chance to reorganize bankrupt lender Fremont General Corp., setting the stage for a contentious confirmation showdown later this week. The prize that has attracted so much interest: tricky-to-recover tax benefits worth as much as $200 million. http://bankruptcy.law360.com/articles/154034 Wed, 10 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154646 A federal judge has found for bankrupt ethanol producer Renew Energy LLC in an appeal by the receiver for Olsen’s Mill Inc., who had disputed a bankruptcy court's rejection of the grain company's $5.4 million administrative claim for prepetition corn payments. http://bankruptcy.law360.com/articles/154646 Wed, 10 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154820 A hedge fund group that holds 7.3 percent of Visteon Corp.’s stock wants to set up a meeting with the bankrupt auto parts company’s board of directors to develop a revised Chapter 11 plan. http://bankruptcy.law360.com/articles/154820 Wed, 10 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154721 The court-appointed examiner investigating hotel chain Extended Stay Hotels LLC's Chapter 11 filing has asked the court to approve a procedure allowing him to publicly reveal the results of his months-long probe, including information previously deemed confidential. http://bankruptcy.law360.com/articles/154721 Wed, 10 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154529 A bankruptcy judge has signed off on Fairfield Residential LLC's disclosure statement, bringing the bankrupt real estate developer one step closer to exiting court protection. http://bankruptcy.law360.com/articles/154529 Wed, 10 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154380 The Boeing Co. has objected to efforts by the creditors committee for bankrupt Sea Launch LLC to initiate discovery in the ongoing battle over the aircraft giant's bid for hundreds of millions of dollars in claims. http://bankruptcy.law360.com/articles/154380 Tue, 09 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154268 A bankruptcy judge has expressed dissatisfaction with the evidence presented in a dispute between bankrupt Smurfit-Stone Container Corp. and U.S. Bank NA over $4.3 million in utility contract payments, denying the parties' cross-motions for summary judgment and ordering an evidentiary hearing. http://bankruptcy.law360.com/articles/154268 Tue, 09 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154320 A bankruptcy judge has paved the way for investors in Bernard L. Madoff's fraudulent brokerage firm to immediately appeal an order approving the liquidating trustee's controversial "net equity" method for calculating their claims. http://bankruptcy.law360.com/articles/154320 Tue, 09 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154271 The Pension Benefit Guaranty Corp. has lashed out at Aleris International Inc.'s reorganization plan, saying it doesn't adequately address $91.2 million in obligations and liabilities the government agency claims it is owed by the aluminum products and recycling firm. http://bankruptcy.law360.com/articles/154271 Tue, 09 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154446 Media holding company Freedom Communications Holdings Inc. has won approval for a reorganization plan that promises to cut $445 million from the company's secured debt. http://bankruptcy.law360.com/articles/154446 Tue, 09 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154274 The proposed financial adviser of bankrupt skin care company Natural Products Group LLC is facing resistance from the U.S. trustee overseeing the case in light of its refusal to release the names of certain investors who may pose conflicts of interest. http://bankruptcy.law360.com/articles/154274 Tue, 09 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154316 Bankrupt mall owner General Growth Properties Inc. said two of its largest creditors have offered to provide nearly $4 billion in new equity capital to facilitate the company's emergence from bankruptcy and allow it to pay off its unsecured creditors in full. http://bankruptcy.law360.com/articles/154316 Tue, 09 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154413 In the face of major opposition from creditors and debtors, shareholders of TLC Vision Corp. have lost their bid to create an equity committee to represent their interests in the laser vision correction company’s bankruptcy case. http://bankruptcy.law360.com/articles/154413 Tue, 09 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154179 The U.S. Supreme Court has revived a provision of the 2005 consumer bankruptcy overhaul that bars lawyers from advising clients to take on debt in contemplation of bankruptcy, rejecting a Minneapolis plaintiffs firm's argument that the measure muzzles lawyers. http://bankruptcy.law360.com/articles/154179 Mon, 08 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154247 Casino and resort operator Tropicana Entertainment LLC emerged from bankruptcy Monday, with newly minted parent Tropicana Entertainment Inc. and its owners, led by New York City-based billionaire investor Carl C. Icahn, saying they were set to cash in on rewards from the bargain buy. http://bankruptcy.law360.com/articles/154247 Mon, 08 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154056 Sexual abuse victims and creditors have issued two letters saying they've reached a stalemate with Catholic Diocese of Wilmington Inc. affiliates over whether to seal the record in the diocese's bankruptcy proceedings, and they're urging the court not to close off all discovery proceedings to the public. http://bankruptcy.law360.com/articles/154056 Mon, 08 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154203 Shelley C. Chapman has left the business reorganization and restructuring department at Willkie Farr & Gallagher LLP to assume a post as one of the 10 judges overseeing the U.S. Bankruptcy Court for the Southern District of New York. http://bankruptcy.law360.com/articles/154203 Mon, 08 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/153957 A federal judge has denied Aviva Insurance Co. of Canada's request to reconsider an order declaring The Flintkote Co. a named insured under a policy issued to two of the bankrupt asbestos-mining company's Canadian subsidiaries in its suit to recover for asbestos-related personal injury cases. http://bankruptcy.law360.com/articles/153957 Mon, 08 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154031 Dutch chemical giant LyondellBasell Industries AF SCA has filed a new disclosure statement that reflects a recent settlement with its unsecured creditors, rejecting a buyout bit from India’s Reliance Industries Ltd. http://bankruptcy.law360.com/articles/154031 Mon, 08 Mar 2010 00:00:00 -0600 http://bankruptcy.law360.com/articles/154141 The liquidating trustee for Bruno's Supermarkets LLC is appealing a court order giving the bankrupt grocery store chain the green light to distribute certain incentive and retention payments to top employees that were triggered by a sale of Bruno's assets. http://bankruptcy.law360.com/articles/154141 Mon, 08 Mar 2010 00:00:00 -0600