Financial actors such as hedge funds increasingly influence large Chapter 11 cases, such as Chrysler’s and GM’s. With Chrysler LLC’s sale to Fiat SpA past the U.S. Supreme Court, and with General Motors Corp. commencing its own “surgical” bankruptcy on the Chrysler model, it may be tempting to think that we’ve turned a corner: Tentative [...]

And so, with Chrysler’s 24-page Chapter 11 filing in U.S. bankruptcy court in Manhattan, another large document review (reviews??) loom in the future. Along with Jones Day, New York bankruptcy boutique Togut, Segal & Segal is also advising the automaker.  But lips are kind of sealed.  At Jones Day, partners Corinne Ball and David Heiman [...]

Many Posse List members who want to go solo or freelance have asked us about bankruptcy practice.  There are a good many of you who have worked on some of the major bankruptcy document reviews in the past few years (Federal-Mogul, United Airlines, Calpine, Enron, tec.) and will be well-prepared for the bankruptcy document reviews [...]