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Washington Mutual Reorganization Part 2: Fund Insider Trading Charges Prompt
The equity committee has also made a motion to litigate seeking that the hedge funds pay the estate's legal fees and compensate the estate for interest accruals because their actions have unduly prolonged the bankruptcy process.
Updated: 09/27/2011 10:19A
Court makes HPI bankruptcy official
The bankruptcy court in Holbk has - in today's meeting (September 27, 2011) - accepted the bankruptcy filing of Danish EMS-provider HPI Electronics & Cable. Benny Petersen, 3F, union representative for 25 of the affected workers, said that the company
Updated: 09/27/2011 10:10A
Washington Mutual Reorganization Part 1: Fund Insider Trading Charges Prompt
On September 13th, Federal bankruptcy Judge Mary F. Walrath denied Washington Mutual's (WAMUQ.PK) reorganization plan for the second time, citing improper post-petition interest rates and “colorable” claims of insider trading.
Updated: 09/27/2011 10:10A
The Daily Docket: Judge Approves Borders IP Sale
s bankruptcy cases sued law firm Deloitte & Touche LLP Monday. The suit said Taylor Bean's “grossly negligent audits” contributed to its collapse. Creditors of Tribune Co. seeking to claw back hundreds of millions of dollars from current and former
Updated: 09/27/2011 10:10A
Regina Food Bank may close its doors
The Regina Food Bank says a legal dispute with its tenant over utility bills has left the non-profit group on the verge of bankruptcy. The food bank has scheduled a news conference for this morning, where it is expected to outline details of a six
Updated: 09/27/2011 10:07A
Barnes & Noble wins court approval to acquire Borders' IP assets
A US Bankruptcy Court judge in Manhattan approved the sale of Ann Arbor-based Borders Group Inc.'s intellectual property assets to rival Barnes & Noble in a hearing Monday, according to several reports. Borders' website was sold in an auction of the
Updated: 09/27/2011 10:04A
Henes: The Top 5 Questions About the Bankruptcy of Central Falls, Rhode Island
Cities focusing on their issues as a corporation would and using the tools provided to them under federal bankruptcy law makes good sense. Once the fiscal issues are resolved, cities can turn their focus from fiscal pressure to providing the services
Updated: 09/27/2011 10:03A
Solyndra's meltdown raises questions about the fallen solar star
Agents from the FBI and the Department of Energy's Office of the Inspector General served a search warrant at the solar manufacture that recently laid off 1100 workers and filed for bankruptcy. Solyndra received $535 million in loan guarantees from the
Updated: 09/27/2011 10:02A
JPMorgan Asks US District Judge to Consider Lehman Lawsuit
27 (Bloomberg) -- JPMorgan Chase & Co. asked a US district judge to consider an $8.6 billion lawsuit filed against it by bankrupt Lehman Brothers Holdings Inc., following plans disclosed in July and August to remove the case from bankruptcy court after
Updated: 09/27/2011 09:59A
Impala owners sue 'old' GM over suspension problems
New York— Owners of 2007-08 model Chevrolet Impala sedans filed suit against "old" General Motors Corp. in their battle to win repairs for rear-end suspension problems. In June, a Pennsylvania Impala owner filed suit in US District Court in Detroit
Updated: 09/27/2011 09:54A
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