Rochelle on Madoff, Nortel, Apple-Kodak, Coal Mining: Audio
The U.S. Supreme Court declined to hear appeals arising from the bankruptcy liquidations of Bernard L. Madoff Investment Securities LLC and Nortel Networks Inc. Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss how the Madoff decision is significant for the Ponzi scheme's customers while the Nortel decision is an important precedent explaining when a government's regulatory proceedings aren't halted automatically by bankruptcy. The podcast continues by laying out the significance of the latest skirmish between Apple Inc. (AAPL) and Eastman Kodak Co. (EKDKQ) The podcast closes by using James River Coal Co. as the focal point for an analysis of the coal industry and whether there may be a string of bankruptcies in upcoming years.
Running time 14:23
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