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Sawgrass Owners Can Send Reorganization Plan to Creditor Vote
21 (Bloomberg) -- The owners of Florida's Sawgrass Marriott Resort received bankruptcy court approval to seek votes on a reorganization plan that will give ownership of the resort to secured lender Goldman Sachs Mortgage Co. US Bankruptcy Judge Paul
Updated: 09/21/2011 02:07P
Saab wins bankruptcy protection, waits on Chinese investors
The parent company to Swedish automaker Saab won some wiggle room on Wednesday after an appeals court granted the carmaker bankruptcy protection while it waits on liquidity from Chinese investors, according to published reports.
Updated: 09/21/2011 02:03P
Greece promises to do more for its bailout cash
Desperate to avoid immediate bankruptcy and to get its next instalment of aid money from Europe and the International Monetary Fund, Greece is to speed up the spending cuts agreed for its bailout programme. Government spokesman Ilias Mossialos said an
Updated: 09/21/2011 01:58P
Lehman Drops Appeal of 'Secret Discount' Lawsuit
Since the investment bank's collapse in September 2008, a team of hundreds of bankruptcy professionals under the direction of Alvarez & Marsal Inc. has managed Lehman's assets—which include real-estate holdings, corporate debt and derivatives—for the
Updated: 09/21/2011 01:54P
Analysis: WaMu ruling may change big bankruptcy negotiations
A Delaware bankruptcy judge's ruling in the case rejecting the company's reorganization plan could chip away at the funds' underlying investing strategy and change how large restructurings are negotiated, according to legal experts.
Updated: 09/21/2011 01:54P
Duane Morris Philadelphia Office Adds Trial Partners Jonathan M. Petrakis and
Added Matthew A. Taylor , Chairman of Duane Morris ' Trial Practice Group , "Jon is a well-known entity in the business community of Philadelphia who has developed a very impressive client base, not only in the financial institutions and banking world,
Updated: 09/21/2011 01:44P
Greece announces more austerity measures
Check out ninemsn Finance's Tax Time for tips and advice on how to make your 2011/12 tax return work for you. The Greek government has announced additional austerity measures as it seeks to plug a budget gap and unlock rescue funding from the EU and
Updated: 09/21/2011 01:42P
Lehman to Drop Appeal of Ruling in $11 Billion Barclays Suit
The New York-based firm's bankruptcy became the most expensive in US history in April 2010, when it topped the $757 million cost of energy trader Enron Corp.'s three-year liquidation, according to data compiled by Lynn LoPucki, a bankruptcy-law
Updated: 09/21/2011 01:39P
Showdown looms as Latvia's airBaltic seeks protection
A row between the management of Latvia's national airline, airBaltic, and the government deepened Wednesday with the surprise announcement that the carrier was seeking bankruptcy protection. "airBaltic is today filing for legal protection to continue
Updated: 09/21/2011 01:36P
Firm's Bankruptcy Delays Plan To Install Solar Panels
Six of the town buildings were going to get flat solar panels manufactured by Solyndra, but the collapse of that company last month will cause the project contractor to revise plans and seek another supplier. Financing for the original plans was based
Updated: 09/21/2011 01:27P
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