New SCOTUS Bankruptcy Cases Will Have Wide Impact

June 27 (Bloomberg) -- The two bankruptcy cases going before the U.S. Supreme Court in the term beginning in October are the first topics of conversation on the video with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. A foreign shipping line, with seven of 17 vessels already seized by creditors, will present Houston Bankruptcy Judge Marvin Isgur with the question of whether the company has sufficient contacts with the U.S. empowering him to free the ships from arrest. The video ends with discussion of three important new opinions. In the first, the chief judge for the U.S. Court of Appeals in Manhattan handed a loss to the trustee for Bernard L. Madoff Investment Securities Inc. while at the same time saying it might be a good idea were legislatures to change law by allowing trustees to sue for the collective benefit of creditors.

Sales Check With Hudson's Bay CEO Jerry Storch
48:13 - Hudson's Bay CEO Jerry Storch weighs in on Black Friday sales. He speaks on "Bloomberg Markets." (Source: Bloomberg)
  • Black Friday Retail Sales: The Winners & the Losers
  • Battle of the Charts: Retail Traffic, Euro Versus Dollar
  • 2016 Will Be a Better Year for Stocks, Here's Why