Rochelle on Vitro, ResCap, Elpida-Kodak, Fifth Circuit: Audio
Vitro SAB, Mexico's largest glassmaker, stands a chance of achieving at least a temporary victory in an Oct. 3 appeal to the U.S. Court of Appeals, according to tea leaves read by Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle in their podcast. The prepackaged plan for Residential Capital LLC may be falling apart, given the confluence of two events. Rochelle compares Japanese chip maker Elpida Memory Inc. with the experience of Eastman Kodak Co. (EKDKQ) and says there maybe reason for allowing a patent-infringement suit to go forward now. For the last item, Rochelle suggests that bankruptcy lawyers in the Fifth Circuit read a case called Tepper v. Keefe Bruyette & Woods Inc. for the latest developments on post-confirmation lawsuits under the doctrine laid down by the appeals court in United Operating and Texas Wyoming Drilling.
Running time 12:43
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.