The Summer 2011 edition of the Absolute Priority newsletter, published by the Bankruptcy & Restructuring group at Cooley LLP, of which I am a member, has just been released. The newsletter gives updates on current developments and trends in the bankruptcy and workout area. Follow the links in this sentence to access a copy of the
SIPA
Spring 2009 Edition Of Bankruptcy Resource Is Now Available
By Bob Eisenbach on
Posted in Business Bankruptcy Issues, Recent Developments
The Spring 2009 edition of the Absolute Priority newsletter, published by the Cooley Godward Kronish LLP Bankruptcy & Restructuring group, of which I am a member, has just been released. The newsletter gives updates on current developments and trends in the bankruptcy and workout area. Follow the links in this sentence to access a copy of…
If Madoff Investors Are Sued By The SIPA Trustee And Pay Money Back, Can They File Proofs Of Claim After The Bar Date?
By Bob Eisenbach on
Posted in Business Bankruptcy Issues, Recent Developments
Recently, I posted about SIPA liquidations of brokerage firms, prompted by the Securities Investor Protection Act (known as SIPA) liquidations of Lehman Brothers, Inc. and Bernard L. Madoff Investment Securities LLC. An interesting issue has come up in the Madoff case involving investors who redeemed their accounts before the Madoff bankruptcy was filed. In other alleged…
The SIPC And SIPA Liquidations: When A Brokerage Firm Goes Bankrupt
By Bob Eisenbach on
Posted in Business Bankruptcy Issues
It’s an organization that can go for years without ever making the news. Then along comes a financial crisis — and Lehman Brothers and Madoff — and suddenly the SIPC finds itself at the center of some very big stories. This post takes a look at the SIPC, its role in broker-dealer liquidations, how a SIPA liquidation differs…