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United States: Patriot Coal Update: Mining For Venue - Cadwalader, Wickersham & Taft LLP

Late last week, Judge Shelley C. Chapman of the Bankruptcy Court for the Southern District of New York heard arguments from a number of parties regarding whether the New York bankruptcy court is the proper venue for Patriot Coal Corporation’s bankruptcy cases.

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United States: Court Rejects CalPERS’ Efforts To Lift Stay In San Bernardino Case - Cadwalader, Wickersham & Taft LLP

In a ruling predicted by the Restructuring Review Blog last month, Judge Meredith A. Jury of the U.S. Bankruptcy Court for the Central District of California rejected arguments by CalPERS that the Bankruptcy Court should lift the automatic stay.

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United States: In Re Ashapura: Southern District Of New York Holds That Proceeding Under Repealed Foreign Law Is Entitled To Chapter 15 Recognition - Cadwalader, Wickersham & Taft LLP

On June 28, 2012, Judge Shira A. Scheindlin of the United States District Court for the Southern District of New York affirmed the order of the United States Bankruptcy Court.

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United States: SDNY Bankruptcy Court Rules That Borders Gift Card Holders Are Not "Known Creditors" Entitled To Actual Notice Of A Bankruptcy Bar Date - Cadwalader, Wickersham & Taft LLP

Judge Martin Glenn of the Bankruptcy Court for the Southern District of New York recently ruled that Borders gift card holders did not qualify as "known creditors."

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United States: Velo Holdings KEIP Approved By SDNY Bankruptcy Court - Cadwalader, Wickersham & Taft LLP

On June 6, 2012, Bankruptcy Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York approved a $2.875 million key employee incentive plan ("KEIP") in the Velo Holdings bankruptcy cases over the objection of the U.S. Trustee finding that it was primarily incentivizing and a sound exercise of the debtors’ business judgment.

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United States: SDNY Bankruptcy Court Opens Door For Rule 2004 Use In Chapter 15 - Cadwalader, Wickersham & Taft LLP

On May 25, 2012, Judge Allan L. Gropper of the United States Bankruptcy Court for the Southern District of New York approved a motion.

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