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Judge OKs Tremont Madoff Settlement
US Bankruptcy Judge Burton Lifland approved the deal struck by Irving Picard and Tremont Ground Holdings, calling it "fair and reasonable." Picard had originally sought $2.1 billion from Tremont, which is owned by MassMutual.
Updated: 09/23/2011 02:04P
Solyndra excutives stonewall Congress
And within days it declared bankruptcy. Friday's hearing was the second in two weeks by the House Energy and Commerce Committee's investigative subcommittee, intending to unwind the deal and understand how signs of Solyndra's financial trouble had been
Updated: 09/23/2011 01:59P
Ex-CEO of Le-Nature's wants bankruptcy proceeds counted in his favor in $668M
But the Post-Gazette reports (http://bit.ly/mZf2n9 ) that Podlucky wants it reduced to $238 million after factoring in bankruptcy settlements and liquidations. Podlucky also notes the figure could drop further. The plea deal included a maximum sentence
Updated: 09/23/2011 01:57P
Dallas Stars win court approval to auction NHL team
"We have a level playing field," Stars bankruptcy attorney Martin Sosland said in court. Bids for the auction are due 30 days from today, under rules approved by US Bankruptcy Judge Peter Walsh. The Stars filed for bankruptcy on Sept.
Updated: 09/23/2011 01:54P
US National Slavery Museum files bankruptcy
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 $3 million in debts and that after bankruptcy proceedings,
Updated: 09/23/2011 01:52P
National Slavery Museum files for bankruptcy; Heavy rains unearth dinosaur
Financial woes: The United States National Slavery Museum in Virginia has filed for bankruptcy. (Richmond Times-Dispatch) Hanging on: On Wednesday, the American Folk Art Museum decided to continue operating at its current location at
Updated: 09/23/2011 01:52P
Collections allowed against Central Falls mayor, councilors
PROVIDENCE, RI -- A federal bankruptcy court judge ruled today that the bankruptcy filing by the city of Central Falls didn't prevent the city's state-appointed receiver from trying collect legal costs from Mayor Charles D. Moreau and four of the five
Updated: 09/23/2011 01:48P
UBS Maintains a 'Buy' on First Solar (FSLR); 2 Out of 3 DOE Loan Guarantees
UBS analyst says, "We believe the bankruptcy of Solyndra (startup competitor who got a $535M Dept of Energy loan guarantee) ... StreetInsider.com provides up-to-the-minute active trading news and information. Only the most relevant news makes it
Updated: 09/23/2011 01:46P
Solyndra story just looking worse and worse
From California Watch: Less than two months before his solar panel company filed for bankruptcy, Solyndra CEO Brian Harrison told lawmakers on Capitol Hill that thanks to the $535 million taxpayer loan to build a new factory, his company had shipped
Updated: 09/23/2011 01:43P
Blockbuster Hopes To Poach Netflix Customers
Blockbuster, the once-dominant video store chain that Netflix helped nudge into bankruptcy, wants to compete. Now a unit of Dish Network, Blockbuster is expected to announce its jump into the streaming market on Friday. Netflix is facing a subscriber
Updated: 09/23/2011 01:36P
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