Bankruptcy: Today’s top news on Westlaw News & Insight

November 16, 2010

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Here are today’s top stories from the Bankruptcy site.

Loehmann's files for bankruptcy, plans $115 million debt cut Loehmann’s files for bankruptcy, plans $115 million debt cut
Off-price retailer Loehmann’s filed for bankruptcy in a Manhattan court early on Monday under a prearranged deal to reduce its debt by $115 million.
Use of intermediary costs law firms business with creditors committee Use of intermediary costs law firms business with creditors committee
Two law firms violated rules of professional conduct by using an intermediary to help them get appointed as counsel for the official creditors committee for a bankrupt construction products supplier, a federal judge has ruled.
Madoff trustee sues ex-employees for $70 million Madoff trustee sues ex-employees for $70 million
The trustee liquidating Bernard Madoff’s investment management firm on Friday sued five of the imprisoned Ponzi schemer’s former employees, seeking to recover $70 million he said they withdrew improperly.

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