Bankruptcy News

Weil Changes Places In Changing World Chapter 11, The country’s go-to bankruptcy law firm has found itself on the wrong end of a company’s collapse for once. Weil, Gotshal & Manges, one of the leading law firms for representing companies in bankruptcy, is a creditor in the Chapter 11 case of biodiesel company Changing World Technologies Inc. The New York law firm, owed about $830,000, holds a $1 million promissory note for payment of legal fees and expenses tied to the company’s lackluster initial public offering in February. The offering failed after investors didn’t bite. Bankruptcy watchers might chuckle at the sight of Weil, famous for its work representing WorldCom and Lehman Brothers, sitting on the other side of the table fighting to get paid. (Wall Street Journal, 03/09/2009)

Changing World Technologies is being represented by Brendan M Scott of the firm Klestadt & Winters LLP.

The Chapter 11 case is pending in the U.S. Bankruptcy Court for the Southern District of New York under case number 09-10977.

Stockholders, Officers and Directors pp 70-73, 90-93
Changing World Technologies, Inc.
460 Hempstead Ave.
Hempstead, NY 11552
Phone: 516-486-0100
Fax: 516-486-0460