Rochelle on Houghton Mifflin Venue, NewPage, Dewey: Audio
Houghton Mifflin Harcourt Publishing Co., a Boston-based educational publisher, is using a tiny subsidiary located in Manhattan as the basis for reorganizing the entire enterprise in New York, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their podcast. Paper maker NewPage Corp. intends on using a forthcoming reorganization plan to frustrate unsecured creditors' in their attempt at suing secured lenders for financing allegedly fraudulent transfers. For the last item on the podcast, Rochelle explains how Dewey & LeBoeuf LLP managed to consume $43 million cash in six weeks before bankruptcy.
Running time 12:44
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.