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Innkeepers Wins Approval to Extend Control of Bankruptcy
14 (Bloomberg) -- Innkeepers USA Trust won approval to extend control over its bankruptcy amid a dispute with Cerberus Capital Management LP and Chatham Lodging Trust over whether they will buy 64 of its hotels. The new deadline to file a Chapter 11
Updated: 09/14/2011 02:22P
WaMu Reorganization Plan Fails, Preferred Shares Fall
She said that potential lawsuit can't immediately go forward, ordering shareholders and supporters of the rejected plan to mediation. She rejected allegations that the hedge funds, known as the settlement noteholders, controlled WaMu and that the
Updated: 09/14/2011 02:21P
Bankruptcy – Denial of discharge – Value of assets
By Tom Egan Where a debtor's discharge was denied under 11 USC §727(a)(4)(A), the discharge denial should be upheld, as the US Bankruptcy Court was warranted in concluding that the debtor intentionally and fraudulently omitted or undervalued a Rolex
Updated: 09/14/2011 02:20P
Dutch lawmakers want scenarios on Greek bankruptcy
Wilders said Wednesday that "every scenario has disadvantages, but please, no scare stories." Finance Minister Jan Kees de Jager says the government is examining "all scenarios." He denied reports his ministry is preparing for a Greek bankruptcy as the
Updated: 09/14/2011 02:18P
City, Performa Agree on Beale Street Settlement
The city of Memphis will again control the Beale Street Historic District as part of a lawsuit settlement. Mayor AC Wharton and John Elkington, who manages Performa Entertainment Real Estate have signed the agreement, which now goes to a federal
Updated: 09/14/2011 02:17P
Lehman Blitz For Giants Docs Under Review
Law360, New York (September 14, 2011, 2:13 PM ET) -- A New York bankruptcy judge said Wednesday that he will put off deciding whether Lehman Brothers Holdings Inc. can peek at 29 emails at the center of a $300 million dispute with
Updated: 09/14/2011 02:13P
Borders' Columbus Circle Store Closes its Doors
As the store sought to get rid of the last of its inventory in Columbus Circle, shoppers scrambled to stockpile books and CDs at deeply discounted prices of up to 90 percent off. Wanita Teekarem held up "Against All Odds," a memoir by Massachusetts
Updated: 09/14/2011 02:10P
Former hospital attorney resigned because he thought city board committed
HOBOKEN – Donald Scarinci, the general counsel for Hoboken University Medical Center from 2009 until July 16, 2011, resigned because he feared the Hoboken Municipal Hospital Authority, a city board, was committing fraud by engineering a bankruptcy of
Updated: 09/14/2011 02:06P
DOE supports solar despite Solyndra bankruptcy
By Christopher Doering WASHINGTON (Reuters) - The Obama Administration has no intention of "walking away" from investing in renewable energy projects despite the bankruptcy of a high-profile solar panel maker backed by federal loan guarantees,
Updated: 09/14/2011 02:01P
Solyndra Bankruptcy: Were Early Warnings Ignored?
The company filed for bankruptcy earlier this month, citing more than $783 million in debt, including more than $527 million owed to the federal government. FBI agents raided the Fremont-based company last week and searched executives' homes.
Updated: 09/14/2011 01:52P
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