Hedge fund Harbinger Capital claimed that Dish CEO Charlie Ergen engaged in fraud to become LightSquared's biggest lender, but a bankruptcy judge ruled that Harbinger lacked standing.
The fight over the validity of so-called unfinished business claims in law firm bankruptcies is heating up in courts on both coasts this week.
As the Howrey estate rakes in settlements with law firms that hired fleeing Howrey partners, a handful of holdouts are trying to tear down a controversial bankruptcy doctrine that has vexed the legal industry for years.
Pending court approval, Howrey trustee Allan Diamond can count on adding another $2.02 million to the defunct law firm's coffers after reaching settlements this week with Covington & Burling, Kirkland & Ellis, Shearman & Sterling, and 11 former Howrey partners.
Major magazine publishers and distributors have spent years unsuccessfully trying to dodge claims that they conspired to drive the magazine wholesaler Anderson News out of business. Now they want to take the offensive against Anderson with antitrust counterclaims of their own.
Irving Picard pulled out all the stops in a bid to revive mega-billions claims against big banks that allegedly facilitated Bernie Madoff's massive Ponzi scheme. But it wasn't enough.