A U.S. appeals court ordered ex-Enron Chief Justice Jeffrey Skilling to immediately begin serving his 24-year prison sentence. The Fifth U.S. Circuit Court of Appeals had denied Skillings request to remain free while he appealed his convictions.

“Veteran Houston appellate lawyer and TV legal commentator Brian Wice expressed amazement at the court’s one-day reversal.”

“I’ve never [...]

Ford has recently been raising much needed cash for its turn around plan through a successful bond offering. However one unintended consequence of this offering has been that the price of Ford’s common stock has declined. “The 30-year convertible bonds — which Ford raised from $3 billion after strong demand from Wall Street [...]

To some this subject may be as fun and interesting as watching paint dry (pun intended), but to others of us, it is actually interesting. DuPont just announced that, for the seventh straight year in a row, silver is the most popular color for cars globally. In DuPont’s 2006 Color Popularity Report, Dupont [...]

The process of “proving up” a Chapter 11 confirmation is intertwined with valuation evidence. The enterprise value of a debtor is vitally important to a number of different constituencies depending on the case. In a recent case decided on Nov. 29, 2006, the Bankruptcy Court in Delaware determined that a privately held debtor [...]

Former Bankruptcy attorney, Colin Kaufman was found guilty of a first-degree felony of “misapplication of fiduciary property.” In addition, he was fined $10,000.00. Andrew Huffmeyer a former CPA, pleaded guilty to the same charge for also helping Kaufman take “approximately $400,000.00 from Arthur Wilson Carothurs’ trust accounts.”

“A district judge sentenced one of two [...]