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By increasing the likelihood that a Chapter 11 debtor will be required to pay a market interest rate to cram down a plan on secured lenders, the Second Circuit's opinion in MPM Silicones clearly reduces a debtor's leverage in negotiations wit read more

By "unicorn" I don't mean the next great tech startup with a valuation of $1 billion. I mean the new breed of lawyers realizing that there are better ways to get their day jobs done, says Lucy Endel Bassli, assistant general counsel leadin read more

NextEra Inc. urged the Delaware bankruptcy court late Monday not to confirm Energy Future Holdings Corp.’s Chapter 11 plan unless $275 million is held back to cover the breakup fee connected to NextEra’s failed sale deal while the former read more

A Delaware bankruptcy judge on Tuesday reluctantly scheduled a December hearing in the long-running and complex fight between Exide Technologies Inc. and California air regulators over environmental claims, but strongly urged the sides to continue ne read more

Two former executives of bankrupt ITT Educational Services Inc., citing “broad, overreaching theories — often, based on pure speculation,” filed a motion on Tuesday in Indiana federal court seeking to narrow the scope of fraud alleg read more