Thomas Moers Mayer

Kramer Levin Naftalis & Frankel LLP

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Recently by Thomas Moers Mayer

New York Bankruptcy Court Labels Management Bonuses An Impermissible Retention Plan

On September 5, 2006, Judge Burton R. Lifland of the United States Bankruptcy Court for the Southern District of New York denied Dana Corporation's motion to implement an executive compensation program, ruling that the proposed program violated Section 503(c) of the Bankruptcy Code. That section,...

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WorldCom, MCI And The Second Circuit's Substantive Consolidation Doctrine: Asserting Creditors' Rights In The Largest Bankruptcy Case In History - Part II

Editor: Would you recap for our readers the events leading up to the fight over substantive consolidation in WorldCom? Mayer: The accounting fraud perpetrated by WorldCom prior to its bankruptcy is well known. Less well known is the drama that unfolded following the bankruptcy filing - a multi-...

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