Rochelle on Patriot Coal Venue, Elpida, Paulson Resorts: Audio
With the bankruptcy podcast back from vacation, Bloomberg Law's Lee Pacchia asks bankruptcy columnist Bill Rochelle whether the judge in Manhattan will send the Patriot Coal Corp. reorganization to West Virginia because the company may have incorporated two subsidiaries in New York explicitly for the purpose of establishing venue for the Chapter 11 case outside of the state of principal operations. The U.S. side of the Elpida Memory Inc. Japanese bankruptcy may not end up resembling the Mexican reorganization of Vitro SAB, for reasons Rochelle explains. The podcast ends by explaining why the inability of Paulson & Co. and Winthrop Realty Trust (FUR) to retain ownership of four flagship resorts doesn't speak well for the health of the real estate market.
Running time 14:16