American Apparel has been on the watch-list for those who follow distressed retailers for quite a while.  The company, known for its provocative advertising and American-made apparel, has approximately 249 retail stores in the U.S. and 19 other countries.

On Monday, the U.S. Supreme Court refused to take up an appeal brought by Irving Picard, the court-appointed bankruptcy trustee charged with recovering assets on behalf of Madoff’s bankruptcy estate and distributing them to victims of Madoff’s massive Ponzi scheme. 

It’s been several years since I last posted about objections to bankruptcy claims, and the topic is so important to creditors that it’s time to revisit it.

Ethias a bénéficié en 2009 d’une recapitalisation de 1,5 milliard EUR dans le contexte de la crise financière qui a engendré de graves problèmes de solvabilité et de liquidités pour ce groupe d’assurances belge. La recapitalisation a été effectuée par Vitrufin, un véhicule public d’investissements de l’Etat fédéral et des Régions flamande et wallonne.

Le droit de la faillite au Grand-Duché de Luxembourg est actuellement régi par les articles 437 et suivants du Code de Commerce et s’inspire en grande partie du droit et de la jurisprudence belges. La législation applicable en matière de faillite n’a cependant que très peu évolué depuis 1935. Le législateur luxembourgeois, au vu du nombre croissant de faillites prononcées ces dernières années, avait d’ores et déjà tenté de réformer ce droit par l’introduction d’un projet de loi en 2003, resté cependant lettre morte.

While the best men’s national soccer teams from around the world are battling in Brazil to be crowned the World Cup champion, some club teams in the U.S. have their sights set on more modest goals.

Recoveries from fraudulent conveyance lawsuits can be a significant source of recovery for creditors of bankruptcy estates.  Because a plaintiff seeking to avoid a prepetition transfer as constructively fraudulent must demonstrate that the debtor was insolvent or inadequately capitalized at the time of the challenged transfer, valuation analyses that support allegations of insolvency are critical.

The Order Re Summary Judgment issued on June 11, 2014 by Judge Charles R. Breyer of the U.S. District Court for the Northern District of California in the Heller Ehrman LLP bankruptcy case may prove to be a knock-out punch against “unfinished business” claims by insolvent or bankrupt law firms and their trustees.

Trademark Licenses At Risk. I have written a number of times on the blog about the impact of bankruptcy on trademark licenses, with a special focus on the risk that trademark licensees face if their licensors file bankruptcy.

Absolute Priority has regularly covered the impact of the Supreme Court’s decision in Stern v. Marshall on the world of bankruptcy litigation.  In Stern, the Supreme Court held that Article III of the United States Constitution prohibits bankruptcy courts from finally adjudicating certain “core” causes of action (often called “Stern claims”), notwithstanding Congress’s explicit grant of such power to the bankruptcy court.