Bankruptcy Law News and Insights

When Fiduciary Means Fiduciary: Criminal Bid-Rigging Charges In The Neiman Marcus Bankruptcy Proceedings

Published: Sep 22, 2020
|
I. Introduction Complex restructurings are no stranger to colorful facts and unpredictable twists and turns. But few lead to criminal charges. Fewer still involve criminal charges against the chairman of the unsecured creditors' committee, alleging that he abused his position to benefit himself financially. On September 3, 2020, federal authorities...

Read More

Six Questions About Involuntary Bankruptcy

Published: Sep 21, 2020
|
Trying to collect money from someone who cannot or will not pay you is frustrating. That old chestnut about throwing good money after bad comes to mind. Placing an individual or firm into bankruptcy is arguably the most powerful (and consequential) creditor remedy to secure payment from the entity that...

Read More

DOJ And SEC Charge Fund Manager For Fraud In Connection With Retailer Bankruptcy

Published: Sep 08, 2020
|
The DOJ and the SEC charged the manager of a hedge fund with securities fraud, wire fraud, extortion and obstruction of justice related to his "conduct in the offer of certain shares being disposed of as part of the Neiman Marcus Group Ltd. bankruptcy proceedings." (See here for the DOJ Complaint and here for...

Read More
Go to Top