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BofA, JPMorgan, Costco, TCW, Liberty Mutual, UBS in Court News
19 (Bloomberg) -- Bank of America Corp., 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
Updated: 09/19/2011 12:31A
Judge to decide fate of Falling Waters fragments
But first they have to get permission from a federal judge, who will hear arguments from them next week about why the owners of Falling Waters, Floramo Partners Inc., should not get to keep the remaining lots as part of its bankruptcy filings.
Updated: 09/19/2011 12:22A
BofA, JPMorgan, Costco Workers, TCW, Liberty Mutual, UBS in Court News
A Countrywide bankruptcy could halt legal proceedings and consolidate litigation into one court that would split up the subsidiary's remaining assets for creditors, said Jay Westbrook, a law professor at the University of Texas at Austin.
Updated: 09/19/2011 12:21A
Will the Market Crash Again This October?
In 1987 we had the great crash that took the Dow down 508 points (or 22.6%) on what has come to be known as Black Monday. That put a fire under the popular notion that Octobers were bad for your health, and stock portfolio.
Updated: 09/19/2011 12:16A
Eight DOD Mistakes That Are Worse Than Solyndra
There's been a lot of political finger pointing since news of Solyndra's bankruptcy shocked the country. Mostly GOP fingers pointing at the Obama administration for its audacity to support a source of energy that isn't coal or gas.
Updated: 09/19/2011 12:14A
Obama's green jobs fade to black
As FBI and House GOP investigators launch probes into Enron-style accounting problems with Solyndra's books, the Department of Energy is doling out more than $850 million in new loan guarantees for another California solar firm sponsored by NextEra
Updated: 09/19/2011 12:06A
Minter Ellison | Alert – Insolvency anti-deprivation rule – recent decision
The anti-deprivation rule is a common law rule that was developed 200 years ago. Its purpose is to prevent assets that would otherwise be available to a trustee in bankruptcy or liquidator from being excluded from the bankruptcy or liquidation.
Updated: 09/18/2011 11:56P
Al Betz & Associates, Inc., Acquires Hallock Reporting Services and Expertise
In sharp contrast with recent news of a national court reporting company's bankruptcy, independent, Baltimore-based court reporting and litigation support firm, Al Betz & Associates, Inc. (AB&A) continues robust expansion by acquiring Hallock Reporting
Updated: 09/18/2011 11:28P
Solyndra Solar Failed By Poor Cost Structure, Not China
6, and the circumstances surrounding its loan from the US government make it seem like a "Solyndra-gate" in the making for the White House. Somehow, China got dragged into this pure US domestic event as this blog post by the US Dept. of Energy
Updated: 09/18/2011 11:10P
Solar Through the Looking Glass
The bankruptcy of one company -- Solyndra -- is being used by oil and coal company agents to portray solar electricity as a failure. It's an outrage how this story is being spun upside down while solar's success is ignored. I've always been pro-solar
Updated: 09/18/2011 10:04P