Patriot Coal Case Kicked From NYC To St. Louis

Nov. 29 (Bloomberg Law) -- The decision sending the Patriot Coal Corp. reorganization to St. Louis will focus debate on the near impossibility of convincing a judge in New York or Delaware to send a bankruptcy somewhere else, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their new video. Prompted by Pacchia's question about "administrative insolvency," Rochelle looks at Hostess Brands Inc. and wonders if the judge will have made an inextricable mess if it turns out there is no ability to pay all claims in full that arose before the reorganization effort was abandoned. The show closes out with a look at three important new bankruptcy opinions, most prominently the Nov. 28 ruling by the U.S. Court of Appeals in New Orleans saying that Vitro SAB, the large Mexican glass maker, can't enforce its reorganization plan in the U.S.

Tesla Posts Narrower Loss Than Estimated
12:43 - Tesla posted a narrower quarterly loss than estimated and said the much-anticipated Model 3 electric sedan remains on schedule, as Chief Executive Officer Elon Musk closes in on his pursuit of more mainstream car buyers. Bloomberg Intelligence's Kevin Tynan and Bloomberg's Keith Naughton take a look at the numbers on "What'd You Miss?" (Source: Bloomberg)
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