Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda for the next six weeks.
Sapp v. Experian Info. Solutions Inc. (E.D. Pa.)
ORDER – Plaintiffs’ class action claimed Experian violated the Fair Credit Reporting Act by misstating (in form disclosures sent to consumers) its process for verifying the accuracy of credit information. The court approves a settlement in which Experian drops the offending paragraph from its forms and provides a two-year monitoring service worth $382 to each plaintiff.
In re Clean Burn Fuels LLC (Bankr. M.D.N.C.)
OPINION – Perdue supplied corn to debtor’s ethanol plant. The trustee claimed all corn housed at the plant as property of the estate. Perdue claimed to own the corn until it crossed a weighbelt, but the court ruled that corn stored in debtor’s bins was property of the estate, with Perdue retaining an unperfected security interest that could be avoided by the trustee.
Crawford v. LVNV Funding LLC (M.D. Ala.)
MEMORANDUM OPINION AND ORDER - Filing a proof of claim is not the same thing as attempting to collect a debt. Claim is not a violation of the Fair Debt Collection Practices Act even if claim is barred by statute of limitations.
The main goal of the SEC is to persuade thousands of cities, counties and other organizations that sell bonds into complying with its disclosure rules.
A look at the major events scheduled in bankruptcy court this week.
The city's bondholders face a heightened chance of default or bankruptcy under a plan released by a state-appointed emergency manager running the city, the ratings agency said.
The Chinese solar panel maker, whose main unit is in insolvency proceedings, said it reached an agreement with some lenders to further defer its loan obligations.
Legal Home New York Legal Securities Law
Sign up now for newsletters
View archived newsletters(Only available to logged in Thomson Reuters News & Insight newsletter subscribers)
Sign into Westlaw
Have a WestlawNext Subscription? Sign into WestlawNext
Download Thomson Reuters News & Insight iPhone & iPod Application and take us with you wherever you go.
Learn More
At a time when the profession of lobbying is under attack, a lot of the debate turns on who is or isn't a lobbyist. Can you identify the pros in this lineup of newsmakers?
With experts in over 30,000 areas of expertise, Westlaw Round Table Group connects you with expert witnesses in all fields.
Practice productively and efficiently so you can deliver cost-effective and impressive litigation results.
© 2013 Thomson Reuters