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Tribune may have to drop employee lawsuit protection to get bankruptcy approval
But to win court approval of a revised plan, Tribune likely will have to drop a provision that offers protection from lawsuits to Tribune employees who cashed out stock in a 2007 leveraged buyout that left the company mired in debt.
Updated: 11/01/2011 06:57P
JPMorgan Wins Dismissal of $19 Billion in Madoff Claims
1 (Bloomberg) -- JPMorgan Chase & Co. won dismissal of $19 billion in claims in a lawsuit brought by the trustee liquidating Bernard Madoff's former firm that alleges the biggest US bank aided the fraud. Trustee Irving Picard lacks standing to demand
Updated: 11/01/2011 06:55P
Ike buyout probe finds irregularities
Three other houses owned by Severance were purchased through the buyout program, including one at the center of a lawsuit challenging the constitutionality of the Open Beaches Act. The lawsuit is pending before the US 5th Circuit Court of Appeals.
Updated: 11/01/2011 06:55P
Most of $19.9 billion Madoff case vs JP Morgan tossed
Nov 1 (Reuters) - A federal judge threw out most of a $19.9 billion lawsuit against JP Morgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff's fraud. The decision by US District
Updated: 11/01/2011 06:55P
Galveston Ike buyout probe finds irregularities
Three other houses owned by Severance were purchased through the buyout program, including one at the center of a lawsuit challenging the constitutionality of the Open Beaches Act. The lawsuit is pending before the US 5th Circuit Court of Appeals.
Updated: 11/01/2011 06:54P
Spirit Lake Tribe files lawsuit against the NCAA
A state judge in 2009 threw out a similar lawsuit by a handful of Spirit Lake members. Archie Fool Bear – Standing Rock Tribe: “The name was given through our sacred ceremonies, one of the ceremonies that you just don't disregard.
Updated: 11/01/2011 06:52P
Ex-Chief in Dormont Sues Borough, Officials
Former Police Chief Phil Ross filed a lawsuit today, claiming defamation, breach of contract, and civil conspiracy were at play in two demotions he received this year. By Shawn Klocek Phil Ross, center, confers with his attorney, D. Scott Lautner,
Updated: 11/01/2011 06:52P
APNewsBreak: 1st Reno air race crash lawsuit filed
16 crash of pilot Jimmy Leeward's P-51D Mustang during air races at Reno-Stead Airport. Eleven people died, including Leeward, 74, of Ocala, Fla. At least 74 were hurt. "Some people say this was an accident," said Houston-based attorney Tony Buzbee,
Updated: 11/01/2011 06:32P
Audit: Clinton schools' financial statements misleading
In 2006, the school district moved $1 million from its savings to its capital fund to pay for a lawsuit prompted by its $22.6 million capital project. That left the district with just under $500000 in its savings account, the comptroller said.
Updated: 11/01/2011 06:26P
Judge Tosses $20 Billion in Madoff Claims
As a result, the trustee was restricted to only pursuing claims under federal bankruptcy law, which amount to about $2 billion. The trustee had sought about $8.6 billion in damages against HSBC and the funds. The trustee has suffered other setbacks in
Updated: 11/01/2011 06:26P
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