Daily Bankruptcy & Restructuring Newsletter for January 22, 2015

Court Docket (Second Circuit Court of Appeals): Opinion from In re Motors Liquidation Co.: Direct appeal pursuant to 28 U.S.C. § 158(d)(2) from an order of the United States Bankruptcy Court for the Southern District of New York (Gerber, U.S.B.J.) holding that a mistaken UCC‐3 termination statement was unauthorized and therefore not effective to terminate a secured lender’s interest in a debtor’s property. We conclude that although the termination statement mistakenly identified for termination a security interest that the lender did not intend to terminate, the secured lender authorized the filing of the document, and the termination statement was effective to terminate the security interest.

Court Docket (U.S. District Court for the District of New Jersey): Opinion from In re Revel AC, Inc.: Denial of motions for stay of bankruptcy court order approving sale of the Revel AC hotel/casino pending appeals.

Court Docket (U.S. Bankruptcy Court for the District of Delaware): Opinion fromIn re FAH Liquidating Corp. (f/k/a Fisker Automotive Holdings, Inc.): Denial of requests of Committee professionals for fee enhancements.

Bloomberg: Bankruptcy Forecaster Sees Junk-Debt Bubble Bursting Next Year

Commercial Bankruptcy Investor: Court Filing Highlights Battle Over Contingent Value Rights Issued Pursuant to Chapter 11 Plan of Reorganization

Gordon Brothers Energy Partners: Oil & Gas Industry Watch Critical Update

Law360: Navigating Corporate Bankruptcy In The Electronic Age

New York Daily News: Developer agrees to pay $33M for stalled Lower East Side hotel site

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