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DigiNotar files bankruptcy protection in wake of certificate breach
DigiNotar, a Dutch certificate authority, has filed for bankruptcy protection only two weeks after a security audit found major lapses in the firm's defenses, which resulted in a successful attack of its digital certificate systems.
Updated: 09/21/2011 12:50P
Saab gets some more breathing time, gets approved for bankruptcy protection
Saab Automobile has received approval for their proposal for voluntary reorganization from the Court of Appeal in Gothenburg, Sweden today. The move gives Saab some breathing room to secure short-term stability while simultaneously attracting
Updated: 09/21/2011 12:38P
Toffee maker bankruptcy threatens 103 jobs
"I hope a buyer can be found and the jobs saved - at the moment there is the possibility that a new buyer can be found," he said. Highland Toffee was launched by Andrew McCowan in the late 1920s, while the Wham bar was introduced in the early 1980s.
Updated: 09/21/2011 12:33P
Saab Automobile Reorganization Request Approved by Swedish Appeals Court
Photographer: Linus Hook/Bloomberg Saab Automobile staved off bankruptcy after a Swedish court granted the struggling carmaker's appeal for protection from creditors, giving it a chance to restart production. The Court of Appeal for Western Sweden
Updated: 09/21/2011 12:32P
Greece in do-or-die eurozone pledge as unions strike back
Greece on Wednesday pledged to do "anything" to stay in the eurozone and gain access to bankruptcy-saving loans, but unions announced new strikes against the painful austerity measures being imposed. Finance Minister Evangelos Venizelos,
Updated: 09/21/2011 12:31P
Actions based on same course of conduct are related claims; application of I v
The United States Bankruptcy Court for the District of Delaware, applying federal law, has held that certain lawsuits brought by a bankruptcy trustee were related claims, even though they alleged unique causes of action, because they were based upon
Updated: 09/21/2011 12:26P
Gaglardi may have competition in bid for Stars
Chuck Greenberg, the lawyer and former Texas Rangers chief executive officer who also helped steer his buddy Mario Lemieux's ownership efforts with the Pittsburgh Penguins, told the US Bankruptcy Court in Wilmington, Del., this week that he may submit
Updated: 09/21/2011 12:23P
Bill O'Reilly: Why President Obama Doesn't Seem to Want to Solve Economic Dilemma
By Bill O'Reilly Reports on Tuesday say that Greece is about to default on its obligations, go into bankruptcy. Why? Very simple: Greece is an entitlement state, and the government spent so much money it can't possibly pay its debts.
Updated: 09/21/2011 12:17P
Jeld-Wen parent firm disputes report on debt risk
The Oregonian story indicated the company could secure a loan from lenders, including Wells Fargo, which gave the company until Oct. 17 to get two loans back into compliance. Or it could re-enter the bond market, offering to pay double-digit interest
Updated: 09/21/2011 12:04P
AMR Could Play Bankruptcy Card To Break Labor Logjam
At the Deutsche Bank Aviation and Transportation Conference held recently, American Airlines denied seeking bankruptcy liquidation (Chapter 7) but did not rule out the possibility of seeking bankruptcy protection (Chapter 11) to reorganize its labor
Updated: 09/21/2011 12:02P
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