Currently viewing the tag: "bankruptcy"

Kodak may soon seek bankruptcy protection.  According to the Wall Street Journal, the iconic camera company is preparing to file for Chapter 11.  The filing may come as early as this month or early February.  The once corporate titan is still trying to avoid a bankruptcy filing.  Indeed, it is making last-ditch [...]

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And for once, it’s not the Mets who may be striking out.

This Tuesday, Judge Jed S. Rakoff dismissed nine of the eleven claims filed against cash-strapped Mets owners Saul Katz and Fred Wilbon. The claims were filed by Irving H. Picard, the appointed bankruptcy trustee over the Madoff estate, who is [...]

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Hollywood’s Favorite Pastime

On July 5, 2011 By Andrew Farrell

L.A. has done it again.  The city’s baseball team is starring in a drama so “Hollywood” that it appears scripted.  Even in the modern days of huge salaries, epic betrayals, and remorseless lockouts, the bankruptcy of the Los Angeles Dodgers is truly a sacrilegious debacle.  America’s storied franchise is going to court, where it [...]

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The Department of Justice (DOJ) recently opened a review into the sale of bankrupt Canadian telecom giant Nortel’s vast collection of patents over concerns that the winning bidder could stifle competition. Vying for ownership of over 6,000 patents covering wi-fi, social networking, and mobile technology, bidders are looking to bulk-up their commanding position [...]

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Monday Morning JETLawg

On February 21, 2011 By JETLaw

In the news. . .

J.R.R. Tolkien estate threatens lawsuit over upcoming book featuring Tolkien as a character.

Literary “scout” sues over right to be paid for discovering “Twilight.”

Boarders bankruptcy petition lists creditors that include Sony Music Entertainment and Universal Music Group.

Congress wants to shut down “rogue” [...]

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Already reeling from yet another season of poor on-field performance and a free-agency push characterized by one analyst as “barely even trying,” the New York Mets’ front office received even worse news on Friday when its ownership was revealed as the subject of a $1 billion suit by the defrauded investors of Bernard Madoff. Irving [...]

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On the field, the Texas Rangers seem to be clicking on all cylinders. They sit atop the American League West and look to make the playoffs for the first time since 1999. But off the field, the franchise can’t manage to stay in the black. Owner Tom Hicks has been trying to sell the [...]

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Monday Morning JetLawg

On April 4, 2010 By JETLaw

In the news . . .

Major Internet players and civil liberties groups form Digital Due Process coalition to update privacy laws.

As sign of what’s to come, U.S. Copyright Group launches attack on movie downloaders.

Former legislator and filmmaker sues HBO and Cinemax for giving false credit to soft-core porno.

[...]

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On Friday, March 19 the Ninth Circuit Court of Appeals ruled against the estate of Anna Nicole Smith in the latest case of a fifteen-year battle over the fortune left by oil tycoon and Yale Law School alum J. Howard Marshall II, Anna Nicole’s husband. Since shortly after J. Howard Marshall’s death in 1995, Anna [...]

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Coyotes Bankruptcy Update

On September 30, 2009 By JETLaw

The Phoenix Coyotes bankruptcy case is still open. Five months after its owners filed a Chapter 11 bankruptcy petition, the auction of the National Hockey League team is still pending. Jim Balsillie, an executive of Research In Motion, is now offering 242.5 million dollars (up from his previous offer of 212.5 [...]

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