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Zamansky & Associates Issues Notice to Lehman Brothers Structured Note Holders
And finally, it appears that the bankruptcy proceeding is moving toward a resolution for creditors, including structured note holders. The court overseeing the unwinding of Lehman has approved a plan that would pay creditors—including holders of
Updated: 09/07/2011 02:04P
Q & A with developer Yitzhak Tessler
The sale was part of the Lehman Brothers bankruptcy process, and is expected to close by Sept. 29. While court records show Tessler's project defaulted on $228 million in loans lent to it, Tessler filed documents in the Lehman proceedings asserting
Updated: 09/07/2011 02:03P
Rumford paper mill files for Chapter 11
RUMFORD — The company that owns the Rumford paper mill is seeking Chapter 11 bankruptcy protection while it restructures. NewPage Corp., based in Ohio, said it expects to continue operating its US businesses as usual
Updated: 09/07/2011 02:03P
Lehman asks US judge for $500 million Barclays payback
The Lehman bankruptcy in September 2008, with $639 billion in assets, was by far the largest in US history and a major catalyst of the financial crisis. Lehman told a hearing in US Bankruptcy Court in Manhattan that Barclays agreed to pay $2 billion in
Updated: 09/07/2011 02:01P
Wisconsin lawyer 'too busy' for client, forfeits $2K retainer
One Wisconsin lawyer has learned that rather elementary lesson the hard way. Doug Kammer has a wide-ranging general practice in Portage. His two-member firm, Kammer & Greiber, handles everything from personal injury to bankruptcy. Ronald Augsburger ...
Updated: 09/07/2011 02:00P
Insolvent NewPage seeks buyer for Port Hawkesbury mill
As NewPage Corp., the largest North American manufacture of coated paper, was filing for Chapter 11 bankruptcy protection in the US, its wholly-owned Canadian subsidiary filed for creditor protection in Canada. NewPage Port Hawkesbury is petitioning
Updated: 09/07/2011 01:59P
Saab: not quite a bankruptcy, but a ''voluntary reorganization''
Faced with growing financial setbacks, idling plants and the inability to meet payroll, Saab today sought protection from creditors in a Swedish district court, preparing for a voluntary reorganization instead of a full-on bankruptcy.
Updated: 09/07/2011 01:54P
CBS 3 Springfield - WSHMOhio-based paper company files for Chapter 11
Entertainment News from AP MIAMISBURG, Ohio (AP) - Paper producer NewPage Corp. said Wednesday that it is seeking Chapter 11 bankruptcy protection while it restructures. The privately held Ohio-based company said it expects to continue operating its US
Updated: 09/07/2011 01:53P
Rumford mill's parent company files for bankruptcy
By AP | September 07, 2011 RUMFORD, Maine (AP) — The parent company of the paper mill in Rumford, Maine, has filed for Chapter 11 bankruptcy protection. Ohio-based NewPage Corp. said Wednesday it plans to operate as usual during bankruptcy proceedings
Updated: 09/07/2011 01:51P
Lehman appeals to district court on Barclays sale
NEW YORK, Sept 7 (Reuters) - Lehman Brothers Holdings Inc appealed on Wednesday a US bankruptcy court ruling that upheld the sale of its North American securities business to Barclays Plc, according to court documents. Lehman, whose suit against
Updated: 09/07/2011 01:51P
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