http://bankruptcy.law360.com/ The Newswire for Legal Professionals Copyright 2009 Portfolio Media, Inc. en-US http://bankruptcy.law360.com/images/headings/logo.gif http://bankruptcy.law360.com/ http://bankruptcy.law360.com/articles/132962 The Catholic Diocese of Wilmington Inc. has reportedly agreed to turn over information about priests accused of sex abuse to plaintiffs in return for the stay of about 80 lawsuits against its nonbankrupt co-defendants, which include individual churches and priests. http://bankruptcy.law360.com/articles/132962 http://bankruptcy.law360.com/articles/132988 Cadwalader Wickersham & Taft LLP, which represents Lyondell Chemical Co. in its Chapter 11 proceedings, is seeking more than $17 million in fees and expenses for its work over the summer, as the firm tries to bring the chemical producer out of bankruptcy by early 2010. http://bankruptcy.law360.com/articles/132988 http://bankruptcy.law360.com/articles/132798 A British appellate court has rejected PricewaterhouseCoopers' plan to speed up the unwinding of Lehman Brothers Holdings Inc.'s European branch and distribute the assets to creditors, upholding a decision by a lower court. http://bankruptcy.law360.com/articles/132798 http://bankruptcy.law360.com/articles/132843 A bankruptcy judge has approved Northeast Biofuels LLP's disclosure statement and has given creditors until Dec. 2 to vote on a plan of reorganization that contemplates pennies-on-the-dollar recovery for creditors of the liquidated upstate New York ethanol supplier. http://bankruptcy.law360.com/articles/132843 http://bankruptcy.law360.com/articles/132815 Bankrupt GPX International Tire Corp. has sued two former employees, accusing them of misappropriating confidential information related to the auction of the bankruptcy estate's solid tire assets in order to gain an unfair advantage in the bidding process. http://bankruptcy.law360.com/articles/132815 http://bankruptcy.law360.com/articles/132213 A judge has given the green light to a $70 million stipulation agreement among several parties in the Filene's Basement Inc. Chapter 11 case that had faced objections by Fendi SRL because it threatened to limit how much the luxury company could recover in its counterfeiting lawsuit against the discount retailer. (Corrects an article published on Nov. 4.) http://bankruptcy.law360.com/articles/132213 http://bankruptcy.law360.com/articles/132709 A federal appeals court has determined that the liquidating trust for the now-defunct Agway Inc. must pay nearly $885,000 in post-bankruptcy attorneys' fees on a claim stemming from a prepetition indemnity agreement. http://bankruptcy.law360.com/articles/132709 http://bankruptcy.law360.com/articles/132728 Home Box Office is seeking cure amounts adding up to $6.4 million for unpaid affiliation agreements it held with bankrupt Charter Communications Inc., rejecting the cable provider's plan to offer HBO nothing for Charter's long-standing debt under its Chapter 11 reorganization plan. http://bankruptcy.law360.com/articles/132728 http://bankruptcy.law360.com/articles/132724 Less than three weeks ago the Chapter 11 trustee overseeing bankrupt real estate investment firm TMST Inc. objected to its emergency motion for approval of a wind-down employee incentive plan, but on Thursday he reversed course, saying not only that he supported the plan, but that the incentive payments should be increased. http://bankruptcy.law360.com/articles/132724 http://bankruptcy.law360.com/articles/132570 After months of bitter rivalry, bankrupt Trump Entertainment Resorts Inc. and a committee of incensed noteholders have readied competing reorganization plans, leaving it for creditors to soon decide the future ownership of the gaming company. http://bankruptcy.law360.com/articles/132570 http://bankruptcy.law360.com/articles/132687 The Federal Deposit Insurance Corp. has asked a bankruptcy court to modify the automatic stay for Washington Mutual Inc. to allow the agency — the receiver for WaMu's banking unit — to compel JPMorgan Chase & Co. to turn over roughly $4 billion in deposits while the three figure out to whom the money belongs. http://bankruptcy.law360.com/articles/132687 http://bankruptcy.law360.com/articles/132658 A bankruptcy judge agreed Thursday to let creditors choose between the reorganization plan crafted by debtors Young Broadcasting Inc., favored by senior lenders, and a competing plan by the unsecured creditors committee. http://bankruptcy.law360.com/articles/132658 http://bankruptcy.law360.com/articles/132674 The Mittal family of ArcelorMittal fame signed a deal Thursday to purchase insolvent German fashion house Escada AG. http://bankruptcy.law360.com/articles/132674 http://bankruptcy.law360.com/articles/132653 A New York City judge approved Southfield, Mich.-based Lear Corp.'s plan of reorganization on Thursday in a bankruptcy hearing devoid of objections save an eleventh-hour letter from one wiped-out shareholder who did not show up to press the fight. http://bankruptcy.law360.com/articles/132653 http://bankruptcy.law360.com/articles/132460 A bankruptcy court judge has approved bankrupt technology consulting firm BearingPoint Inc.'s disclosure statement, days after plaintiffs in a shareholder class action objected to the company's Chapter 11 liquidation plan. http://bankruptcy.law360.com/articles/132460 http://bankruptcy.law360.com/articles/132586 Bank of America NA has joined a chorus of lenders and regulators in objecting to Taylor Bean & Whitaker Mortgage Corp.’s proposed $25 million debtor-in-possession financing, saying the bankrupt mortgage lender has yet to show it actually owns properties offered as collateral for the needlessly large loan. http://bankruptcy.law360.com/articles/132586 http://bankruptcy.law360.com/articles/132517 Former executives of bankrupt Thornburg Mortgage Inc. have sued XL Specialty Insurance Co. for allegedly breaching a policy agreement by failing to cover their defense costs in a case accusing them of improperly using Thornburg employees and resources to start a new company, SAF Financial Inc. http://bankruptcy.law360.com/articles/132517 http://bankruptcy.law360.com/articles/132258 Bankrupt satellite operator ProtoStar Ltd.’s creditors are objecting to the debtor’s proposed $210 million asset sale to Intelsat Subsidiary Holding Co., arguing that ProtoStar passed up a better bid from Eutelsat America Corp. http://bankruptcy.law360.com/articles/132258 http://bankruptcy.law360.com/articles/132428 Panolam Industries Inc., a maker of laminates used for indoor surfacing, has filed for a prepackaged bankruptcy about a month after it announced that it would restructure. http://bankruptcy.law360.com/articles/132428 http://bankruptcy.law360.com/articles/132437 Claiming that environmental liabilities across the country may inhibit its emergence from Chapter 11, Chemtura Corp. has filed suit against the federal government and more than a dozen states in an attempt to kick tens of millions of dollars' worth of such costs to the curb. http://bankruptcy.law360.com/articles/132437