U.K. pension regulators are trying to take Nortel Networks Inc. to the U.S. Supreme Court in what could be a major case on the international reach of U.S. bankruptcy law, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their podcast. Rochelle cogitates over whether AMF Bowling Worldwide Inc., the world's largest bowling alley operator, may be headed for a second trip through Chapter 11. Although a U.S. Supreme Court decision was be 131 years old, it's still good law, as Rochelle explains. The podcast ends with a tribute to Leon Marcus, a bankruptcy lawyer who died in April.
Running time 12:00