Just when you thought you had heard it all…a case was released yesterday involving an ex-bankruptcy judge who sued over the Third Circuit’s failure to re-appoint him.

The Court (specifically the Federal Circuit Court of Appeals) ruled that the case should be remanded for a dismissal. It is an interesting case, at least [...]

Chicago Debt Exchange is holding its first official auction this week. This Exchange was formed to sell “bad” debts. At its first auction, The Debt Exchange will try to sell in excess of $500 million dollars worth of debt instruments. “The fledgling debt exchange may never rival the scale of Chicago’s commodity [...]

In an opinion released on Sept. 7, 2006, the Second Circuit Court of Appeals reversed the U.S. District Court” decision and upheld the Bankruptcy Court’s dismissal of claims brought by several “customers” of a failed brokerage house under the Securities Investor Protection Act.

In this case, an individual, William Goren, used two brokerage [...]

In a recent ruling, the Bankruptcy Court for the Southern District of New York denied a motion by Dana Corporation (”Dana” or the “Debtor”) for an order authorizing Dana to enter into employment agreements with its President and CEO and five key executives (the “Executives”).

The issue which the court decided was whether the employment agreement [...]

Eastern District Bankruptcy Judge Brett Dorian recently issued an order to show cause as to why he should not sanction Entrepreneur Media, Inc. and their lawyers Latham & Watkins for conduct in a long-running trademark dispute. A hearing is set for October.

“The case began more than eight years ago when EMI, publisher of Entrepreneur [...]