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JPMorgan, UBS, Google, Barclays, BofA, AIG in Court News
Trustee Joel Sher sued the banks for $2 billion in April, alleging they helped push Thornburg, now called TMST Inc., into a “free-fall” bankruptcy. Making “unjustified” margin calls, the banks extracted more than $700 million of margin and interest
Updated: 09/22/2011 12:33A
Bankrupt Lehman Backs Off Busted Bid for Barclay's Billions
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: 09/22/2011 12:29A
Obama and Solyndra Owe Taxpayers Answers (And $535 Million)
As I wrote in my RedState blog post and POLITICO op-ed last week, the Solyndra bankruptcy is a scandal fraught with political favoritism, reckless decision-making, and corrupt self-dealing. If the close political ties between Solyndra's investors and
Updated: 09/22/2011 12:25A
Twenty-nine Ward and Smith, PA Attorneys Listed in The Best Lawyers in America
Derek J. Allen (2009) — Litigation - Land Use and Zoning; Land Use and Zoning Law Michael L. Miller (1995) — Arbitration; Employee Benefits (ERISA) Law; Mediation; Tax Law; Trusts and Estates A. Charles Ellis (1995) — Medical Malpractice Law
Updated: 09/22/2011 12:25A
Thames Printing misses bankruptcy filing deadline
Thames Printing Co. failed to meet a deadline to answer a bankruptcy petition from creditors and is being compelled to provide an accounting to the court. The Norwich-based business, which shut its doors last month, failed to meet a
Updated: 09/22/2011 12:22A
Retirees of defunct OTB await bill on state takeover of health plan
Andrew Cuomo is getting calls from state and local unions about a bill to retain, at state expense, health insurance coverage for retirees from the now-defunct New York City OTB. In addition to the union Local of District Council 37, officials from
Updated: 09/22/2011 12:22A
Blackstone Offers Highest Rates on Travelport: Corporate Finance
Blackstone Group LP (BX) is offering to pay lenders the highest interest on a loan made so far in 2011 if they agree to swap their debt in the firm's Travelport Ltd. for longer-dated obligations,
Updated: 09/22/2011 12:21A
Hoboken City Council rejects $5M lifeline to save medical center
Zimmer said the hospital, which filed bankruptcy on Aug. 1, is leaking so much money that she is considering asking the state for emergency relief to allow the city to close the hospital immediately. City Council was asked to approve a $5 million bond
Updated: 09/22/2011 12:12A
Settlement would cut company's liabilty
Diann Stathakis, Pelias' daughter and executor of his estate, filed the lawsuit in federal court in November, seeking payment from guarantors of notes her father made to Stiner's Autopro Remarketing Inc., which filed Chapter 7 bankruptcy in October.
Updated: 09/22/2011 12:11A
Meeting? What meeting? Confusion reigns over Serepisos' bankruptcy defence
Print Subscriber special: If you are an existing print subscriber with a print membership number you can get 12 months access for the 6 month price $89.00 (inc GST). A valid e-mail address. All emails from the system will be sent to this address.
Updated: 09/22/2011 12:10A
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