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30-day suspension urged for ex-Judge Thomas Porteous' attorney
By Drew Broach, The Times-Picayune The Louisiana Attorney Disciplinary Board has recommended a 30-day suspension for Claude Lightfoot Jr., the lawyer who helped US District Judge Thomas Porteous of Metairie lie his way into bankruptcy proceedings.
Updated: 09/16/2011 10:33A
CIT Shops Its $1 Billion Commercial-Loan Portfolio
CIT Group Inc. is looking to rid itself of a $1 billion commercial-loan portfolio as part of a continuing effort to right its ship after emerging from bankruptcy protection in late 2009, said people familiar with the situation.
Updated: 09/16/2011 10:27A
BofA may take Countrywide into bankruptcy to cut litigation costs
(BAC), the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent, said four people with knowledge of the firm's strategy.
Updated: 09/16/2011 10:24A
Federal bankruptcy judge approves Chapter 11 reorganization plans for
By Naples Daily News staff report A federal bankruptcy judge in Tampa has signed an order confirming the Chapter 11 reorganization plans proposed by Collier-based Fiddler's Creek LLC and its affiliates. The developer filed for bankruptcy protection in
Updated: 09/16/2011 10:22A
Ladenburg Thalmann Analysts Begin Coverage on Vermillion Incorporated (VRML)
On March 30, 2009, it filed a voluntary petition for relief (the Bankruptcy Filing) under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court).
Updated: 09/16/2011 10:22A
BofA: Bankruptcy an option for Countrywide unit
Bank of America Corp. will consider putting its Countrywide Financial Corp. unito bankruptcy if litigation losses are too high, sources say. By Bloomberg News Bank of America may consider putting its Countrywide Financial Corp. unit into bankruptcy,
Updated: 09/16/2011 10:20A
Foley & Lardner Continues Expansion of Bankruptcy Practice
The law firm of Foley & Lardner LLP announced recently that Erika L. Morabito rejoined the firm's Bankruptcy & Business Reorganizations Practice as a partner in its Washington, DC office. Morabito, who rejoins Foley from Patton Boggs, practices in the
Updated: 09/16/2011 10:20A
Decision on Greek loan payout delayed
WROCLAW, Poland (AP) — Greece's international rescue partners will delay until October their decision on paying out a batch of bailout loans needed to keep Athens from a disastrous bankruptcy, the head of the eurozone finance ministers' group said
Updated: 09/16/2011 10:11A
Question of the Day: Borders Closing
Borders in Syosset will shut down shop for good on Sunday after the big book retailer filed for bankruptcy protection back in February and was forced to liquidate. Early this week, the store offered discounts of up to 90 percent off in
Updated: 09/16/2011 10:10A
Riddle of the missing millions
Roux's creditors claim the family controls millions of dollars of assets - including a valuable art collection and an investment property in France - held in a labyrinthine network of family trusts. It's a claim Roux denies. But in a personal statement
Updated: 09/16/2011 10:08A
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