The Bankruptcy Law Review is a collaboration of expert legal practitioners and academicians who write about both the legal and public policy aspects of corporate bankruptcy law.

Welcome to Bankruptcy Law Review

Welcome to Bankruptcy Law Review is the result of a collaboration among leading legal experts and academicians in the area of Bankruptcy Law, including emphasis on the issues of fraudulent conveyances, preferences, and former officer, director, and shareholder liability. These legal matters have risen in importance among practitioners, judges, governments, corporate leaders and the public in recent years, creating an increased demand for current and authoritative law articles addressing them. The authors of Bankruptcy Law Review have set forth to contribute their knowledge on the subject and, in so doing, highlight their expertise in this very relevant area of the law.


Rennert Hit With $118M Verdict Over MagCorp Bankruptcy

February 27, 2015

Source: Law360

A New York federal jury found Ira Rennert liable on Friday for contributing to Magnesium Corp. of America’s 2001 bankruptcy, ordering the billionaire industrialist and his firm to return $117 million in shareholder dividends that allegedly left MagCorp too weak to survive. Read this article.

RadioShack OK'd For March Auction Led By Standard General

February 26, 2015

Source: Law360

A Delaware bankruptcy judge on Wednesday blessed RadioShack Corp.'s plans to sell off thousands of retail locations at a March auction with hedge fund Standard General LP as the stalking horse bidder, setting a floor in the neighborhood of $200 million. Read this article.

Standard General Rejects RadioShack Bid Critics

February 25, 2015

Source: Law360

Standard General LP, the hedge fund angling to buy and rebrand thousands of RadioShack Corp. stores out of bankruptcy, defended its stalking horse offer for those assets on Monday, saying its proposed credit bid would boost, not lower, how much they ultimately fetch at auction. Read this article.

Regulators Push Corinthian's Canada Unit Into Bankruptcy

February 24, 2015

Source: Law360

The Canadian wing of Corinthian Colleges Inc. collapsed into insolvency Friday after Ontario officials moved to revoke the education provider’s licensure for 14 Canadian campuses, a fresh blow for Corinthian amid a government-ordered wind down of its U.S. operations. Read this article.

2nd Circ. Rejects Time-Based Damages For Madoff Victims

February 23, 2015

Source: Law360

The Second Circuit on Friday denied early investors in Bernard Madoff’s Ponzi scheme an inflation adjustment or interest on their claimed losses, finding no basis in the Securities Investor Protection Act for such an alteration to the existing victim payout formula. Read this article.

10th Circ. Revives Jack Nicklaus Golf Course Investor Row

February 20, 2015

Source: Law360

The Tenth Circuit on Thursday revived part of an investor suit accusing legendary golfer Jack Nicklaus of misrepresenting his membership status in the failed Mount Holly golf course project in Utah, whose developer went bankrupt, but ultimately held that most of the suit was appropriately dismissed. Read this article.

1st Circ. Says Late Filers Can't Nix Tax Debt In Bankruptcy

February 19, 2015

Source: Law360

The First Circuit on Wednesday found that people in bankruptcy who had failed to file tax returns on time couldn’t discharge the taxes they owed to the Massachusetts Department of Revenue from their debt, cleaving to a similar ruling last month in the Tenth Circuit. Read this article.

Lehman Reaches $125M Deal With Bermuda Insurance Unit

February 18, 2015

Source: Law360

The Lehman Brothers Inc. bankruptcy trustee reached a settlement Tuesday with Bermuda-based reinsurance affiliate Lehman Re Ltd., cutting the unit's $195 million claim against its parent down to $125 million. Read this article.