Rochelle on Borders, Philadelphia Orchestra Bankruptcies: BLAW
The failure of the last deal for Books-A-Million Inc. to save 30 Borders Group Inc. stores is the first top on the new Bloomberg bankruptcy podcast. Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle draw a parallel between the reorganizations of the Philadelphia Orchestra and the Catholic Diocese of Wilmington Inc. Rochelle explains how cutting-edge software developed by a small company called Entelos Inc. could have value for a drug developer or medical technology supplier. The podcast concludes with discussion of a federal appeals court decision where a bank managed to avoid being required to recalculate potentially thousands of claims.
Running time 10:32