I am sure at 2:31 pm yesterday, immediately after Judge Rhodes ruling, the City and the Swap Bank’s financial advisors and attorneys were wondering why they spent the Christmas holidays in long sessions negotiating and not sitting around a fire… Continue Reading  

Betting Judge Rhodes approves swap settlement today at 2pm.  The City got reduction in settlement amount that Judge Rhodes requested they get.  Judge Rhodes appointed mediator, Judge Rosen, has approved new settlement.  It seems City has accomplished what Judge Rhodes… Continue Reading  

After finishing our 13th year in business, the end of the year is always a good time to reflect. The firm was once again recognized for successful outcomes in difficult transactions. The agricultural industry continues to provide opportunities for our… Continue Reading  

When a business is considering undertaking a new, large project, there can be many issues to consider along the way.  It is critical to examine all aspects of a significant project carefully before starting.  Moving ahead blindly will result in… Continue Reading  

Section 34 of the Leahy-Smith America Invents Act (“AIA”) mandated that the United States Government Accountability Office (“GAO”) conduct a study on the consequences of patent litigation by nonpracticing entities (NPEs).  As such, the GAO’s objectives were to determine (1)… Continue Reading  

Not a big surprise today that Judge Rhodes asked Kevyn Orr to go back to the drawing board on his swap settlement. The beauty of bankruptcy is that it levels the playing field for creditors in terms of understanding the… Continue Reading  

This week the Judge rules on whether the City’s filing for Chapter 9 was proper.  I believe he will rule favorably to the EM and allow the bankruptcy.  My guess is this will ignite a flurry of legal activity.  I… Continue Reading  

Nonprofit organizations are critical to communities across the nation, providing resources to enrich the lives of many who would otherwise be underserved. Over the past four years nonprofits have fought hard to maintain their private donations as American’s discretionary income… Continue Reading  

Many companies have been enjoying slow sales growth and strong cash earnings since 2011 as the US economy continues to recover from the recession. Even better is that while earnings have improved, companies have continued to see some of the… Continue Reading  

Today Judge Rhodes will start to hear arguments from the City and opposing parties (creditors).  The big issues are; did the City meet the requirements for a Chapter 9 filing?  The two big requirements are financial duress (insolvency) and did… Continue Reading