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But […] Back in the mid-to-late ‘80s, when Dennis Miller had a massive mullet (and his stand-up performances were much more likely to be attended by you and your friends than your distant aunt and uncle who worked on the ’72 Nixon campaign), his “Weekend Update” features on Saturday Night Live were often enriched by little segments featuring […] There has been a lot of hot air blown in the past couple of weeks regarding Kanye West and Dame Dash being interested in buying the troubled e-commerce retailer Karmaloop.

The two made a series of Instagram posts where they described with some bluster how they were purchasing the company.

Debtors further reserve the right to dispute, on any grounds, or to assert offsets or defenses to, any claim reflected on their Schedules or filed against a Debtor, including objecting to the amount, liability classification or priority of such claim, or to otherwise subsequently designate any claim as "disputed", "contingent", or "unliquidated".

A federal bankruptcy judge ruled recently that GM’s 2009 bankruptcy protects the New GM from potentially billions of dollars in claims related to faulty ignition switches.

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The main point of contention in the case were some 140 lawsuits from plaintiffs, primarily from the families of 84 people whose deaths have been linked to the faulty […] This is the first installment of a new series in which we recommend and summarize some of the most notable offerings from the various blogs of law firms specializing in corporate restructuring.

Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.We advise buyers and other investors in financially distressed companies, helping them minimize risk and maximize opportunity.We represent financial institutions and intellectual property licensors and licensees in structuring transactions to mitigate the specialized counterparty insolvency risk associated with financial markets, securities and commodities trading, and intellectual property.On January 12, 2014, bondholders filed an involuntary chapter 11 petition against the operating company, Caesars Entertainment Operating Company, Inc. Government […] The Second Circuit has spoken: “We conclude that although the termination statement mistakenly identified for termination of a security interest that the lender did not intend to terminate, the secured lender authorized the filing of the document, and the termination statement was effective to terminate the security interest.”[i] As a result, JPMorgan Chase & Co.(“CEOC”), in the United States […] The scene is Detroit, and the time is early 2009. Years of multi-billion dollar losses and mounting pension obligations have taken their toll on GM, and it is looking in to filing a chapter 11 bankruptcy as a means of becoming solvent once again. […] The city teeters on the edge of insolvency, as do many other nearby municipalities, as well as the State of Illinois itself.

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