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    Bankruptcy court approves sale of Chrysler assets to Fiat S.P.A.
    2009-06-01

    Late Sunday night, U.S. Bankruptcy Judge Arthur Gonzalez approved the sale of most of Chrysler's assets to Italian Automaker Fiat S.p.A., as contemplated in the Master Transaction Agreement between the two companies.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, Alston & Bird LLP, Bankruptcy, Employee stock ownership plan, Retirement, Secured loan, US Constitution, Emergency Economic Stabilization Act 2008 (USA), United Automobile Workers, Chrysler, United States bankruptcy court
    Authors:
    Zachary Chapman
    Location:
    USA
    Firm:
    Alston & Bird LLP
    House Financial Services Committee holds hearing on effect of Lehman Brothers bankruptcy on state and local governments
    2009-05-05

    Today, the House Financial Services Committee, chaired by Representative Barney Frank (D-MA), held a hearing on the effects of the Lehman Brothers bankruptcy on state and local governments and other publicly-funded entities.

    Testifying at the hearing were the following witnesses:

    Panel One:

    Filed under:
    USA, Capital Markets, Insolvency & Restructuring, Public, Alston & Bird LLP, Bankruptcy, Bankruptcy of Lehman Brothers, Troubled Asset Relief Program, Emergency Economic Stabilization Act 2008 (USA), US Department of the Treasury, US House of Representatives, US House Committee on Financial Services, Lehman Brothers, US Secretary of the Treasury
    Authors:
    Anjali Desai
    Location:
    USA
    Firm:
    Alston & Bird LLP
    TARP access for the auto industry
    2008-12-17

    Reports on the White House administration and members of Congress have suggested that the Treasury Department is nearing a decision to provide assistance to at least two of the Big Three U.S. automakers.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Bankruptcy, Troubled Asset Relief Program, Emergency Economic Stabilization Act 2008 (USA), US Congress, US Department of the Treasury, US House of Representatives, US House Committee on Financial Services
    Location:
    USA
    Firm:
    Alston & Bird LLP

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