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Judge dismisses lawsuit against Madoff family members
New York, NY, United States (AHN) – US Bankruptcy Judge Burton Lifland dismissed on Thursday a lawsuit against members of the family of convicted fraudster Bernard Madoff, but allowed the trustee to pursue the rest of the claims in the $198 million
Updated: 09/23/2011 09:27A
The Daily Docket: Bondholders Sue Dynegy Over Restructuring Deal
Read the Daily Bankruptcy Review story here. Unsecured creditors of Perkins & Marie Callender's Inc. want approval to launch a lawsuit against the restaurant chains' prebankruptcy equity sponsor, New York private equity firm Castle Harlan Inc.,
Updated: 09/23/2011 09:20A
Slavery museum files bankruptcy
(AP) - The United States National Slavery Museum led by former Gov. L. Douglas Wilder has filed for Chapter 11 bankruptcy protection. According to the Richmond Times-Dispatch , papers filed Wednesday in US Bankruptcy Court say the museum has more than
Updated: 09/23/2011 09:14A
Bank of America Homeowner Bankruptcy Numbers Increase In HAMP Data–Alternative
While bankruptcies and foreclosures have been on the rise with some consumers, there are assistance plans that may offer an alternative route to affordability for homeowners who are distressed and in need of assistance. Bank of America is one of the
Updated: 09/23/2011 09:07A
Judge Holds Up Borders Sale Due To Privacy Concerns
A US Bankruptcy Court judge threw a hurdle in front of the proposed $15.8 million sale of intellectual property to Barnes & Noble, demanding that paperwork must clarify privacy rights for 48 million customers whose data will be swapped in the
Updated: 09/23/2011 09:04A
Tesla: another loan, please.
Smelling blood from the Solyndra bankruptcy, House Republicans want to cut another of Pres. Obama's green-jobs programs, one that provides loans to auto companies to make cleaner cars. It's the same program that gave Tesla Motors — electric car-maker
Updated: 09/23/2011 09:04A
Declaring Greece Insolvent Not a Solution, Says Kallas
If Greece announces bankruptcy but continues using the euro as its currency, the nation would be forced to stop paying national wages and pensions. “Most certainly, the people would not accept this turn of events peacefully,” said Kallas.
Updated: 09/23/2011 08:59A
Solyndra execs to take the Fifth on Capitol Hill
The economic stimulus law provides for taxpayers to be ahead of other creditors in the event of bankruptcy or default. Deputy Energy Secretary Daniel Poneman said Thursday that the restructuring was "entirely legal," noting that another aspect of the
Updated: 09/23/2011 08:43A
Greeks march on parliament over austerity
By REUTERS ATHENS, Greece -- Greek workers staged a 24-hour strike on Thursday forcing the transport system to a standstill in protest against the government's intensified austerity drive to secure aid to save the debt-laden country from bankruptcy.
Updated: 09/23/2011 08:28A
IN RE BERNARD L. MADOFF INVESTMENT SECURITIES LLC
The Trustee accordingly seeks to avoid and recover transfers made to the Defendants in the collective amount of over $198 million under various sections of the Bankruptcy Code (the "Code") and New York Debtor and Creditor Law 4 (the "NYDCL");
Updated: 09/23/2011 08:18A
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