USA | Global Insolvency

Defense of imputation of an agent’s bad conduct to its principal clarified in Pennsylvania; independent auditor at risk for $1 billion in damages

13 September 2010

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USA

Sellers beware - unauthorized payments from ‘cash collateral’ will be avoided

13 September 2010

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USA

An LLC member/manager is an ‘insider,’ so that payments are preferential transfers subject to avoidance up to one year prior to bankruptcy filing

13 September 2010

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USA

Landlord’s corner

13 September 2010

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Court breaks from majority rule, granting retirees post-petition rights greater than pre-petition rights

13 September 2010

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Broader economic woes may have played a part in the court’s decision to dismiss allegations of lender overreaching

13 September 2010

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USA

New Century Bank assumes all of the deposits of ISN Bank

18 September 2010

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USA

Withdrawal liability payments are not deferred pending arbitration when accelerated due to insolvency

17 September 2010

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Treasury issues final consultation on investment firms insolvency arrangements

17 September 2010

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USA

Thompson publishing files for bankruptcy, hoping to complete a 363 sale of assets

22 September 2010

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