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Lehman Drops Attempt for $11B From Barclays
14 ruling by US Bankruptcy Judge James Peck in Manhattan rejecting its claim that Barclays owed about $500 million for allegedly unpaid bonuses. “This is the start of them winding down the litigation,” said Chip Bowles, a bankruptcy lawyer at
Updated: 09/21/2011 04:53P
DigiNotar Dies From Certificate Hack Caper
DigiNotar filed for bankruptcy in a Netherland court on Monday, and its assets will be liquidated by a court-appointed trustee, said Vasco Data Security International, the Chicago company that purchased DigiNotar last January for $13.1 million.
Updated: 09/21/2011 04:53P
RI auditor general wants sweeping municipal pension changes
PROVIDENCE, RI -- State Auditor General Dennis E. Hoyle on Wednesday presented legislators with a report calling for dramatic steps to prevent the cost of pensions and other retirement benefits from driving cities and towns toward bankruptcy.
Updated: 09/21/2011 04:51P
Journalists Ignore Obama Scandals
CALLER: On this Solyndra deal, when General Motors went through bankruptcy, the Obama administration totally disregarded the concerns of the bondholders of the investors, and at one point I believe Obama even warned them against being greedy.
Updated: 09/21/2011 04:44P
Court allows Saab bankruptcy filing
STOCKHOLM (AP) — A Swedish appeals court tossed a lifeline today to cash-strapped automaker Saab, approving its application for bankruptcy protection as it awaits funding from Chinese investors. The ruling by the Court of Appeal for Western Sweden,
Updated: 09/21/2011 04:40P
Appeal court throws Saab a vital lifeline
The decision, overturning an earlier court refusal, will also halt bankruptcy action started by unions representing Saab workers. The Court of Appeal in Gothenburg decided that the 'voluntary reorganisation' sought by Saab should be allowed,
Updated: 09/21/2011 04:39P
No longer in concert with Philadelphia Orchestra, Pops will go on
The Pops group is operated by the Philadelphia Orchestra Association, which is now going through bankruptcy proceedings. That legal process made the upcoming season of the Pops uncertain. On Monday, the Pops and the orchestra filed for a divorce.
Updated: 09/21/2011 04:37P
Lehman Drops Litigation to Collect $11 Billion From Barclays Over '08 Sale
Companies using litigation to raise money have to make sure the odds of succeeding remain decent, said Nancy Rapoport, a bankruptcy-law professor at the University of Nevada, Las Vegas. “Once the odds fall below a certain point, it's important for the
Updated: 09/21/2011 04:26P
Greek Gov't to Impose More Austerity Measures: Report
The new taxes, plus job and pension cuts, have helped push youth unemployment to 40 percent and hammered small business owners. Some 800 demonstrators rallied in central Athens on Wednesday to protest against new public layoffs.
Updated: 09/21/2011 04:21P
DigiNotar declares bankruptcy after major security breach
DigiNotar's parent company, VASCO Data Security International confirmed yesterday that the embattled company had filed for bankruptcy. A trustee for the Haarlem District Court in the Netherlands has been appointed to manage the company during this
Updated: 09/21/2011 04:21P
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