Daily News: July 5, 2012

NY Bankruptcy Judge Sends Houghton Mifflin Case to Boston


U.S. Bankruptcy Judge Robert Gerber in the U.S. Bankruptcy Court in the Southern District of New York noted, the day after he signed Houghton Mifflin’s confirmation order, allowing the company to emerge from bankruptcy protection, that it was filed “improperly” in New York, a BusinessWeek article said.

Judge Gerber said that once the reorganization plan was in place, the case would be sent to the Boston court. The bankruptcy judge there will now rule on professionals’ fees and other requests, the article said.

It added that Judge Gerber thought he was required to move the case because none of Houghton Mifflin’s companies were incorporated in New York or had assets there.

To read the BusinessWeek article in its entirety, click here.

Previously on abfjournal.com:

Houghton Mifflin Harcourt Emerges From Chapter 11, Monday, June 25, 2012