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Mastro rings belong to creditors, judge rules
Linda Mastro's giant diamond rings rightfully belong to her bankrupt husband's numerous creditors, a bankruptcy judged ruled Tuesday. She had argued that the rings, valued at $1.4 million, were her separate property. But Judge Marc Barreca ruled they
Updated: 09/27/2011 08:43P
A Road Map to a Prepackaged, Orderly Greek Default: View
The question now is whether Europe can arrange a controlled and orderly default, or will allow a Greek bankruptcy that is chaotic and destructive to the global economy. Europe ultimately needs radical change, including a fiscal union and the ability to
Updated: 09/27/2011 08:35P
Fox Sports sues Dodgers, trying to halt TV rights sale
The suit is intended to stop the Dodgers from their proposed sale of the team's television rights, the key to owner Frank McCourt's plan to emerge from bankruptcy as the Dodgers' owner. The suit asks that the court reject any such sale except in
Updated: 09/27/2011 08:25P
Road Map to Prepackaged, Orderly Default That Keeps Greece in Euro: View
The question now is whether Europe can arrange a controlled and orderly default, or will allow a Greek bankruptcy that is chaotic and destructive to the global economy. Europe ultimately needs radical change, including a fiscal union and the ability to
Updated: 09/27/2011 08:15P
Dodgers seek to delay hearing on MLB sale
The Los Angeles Dodgers asked a Delaware bankruptcy judge on Tuesday to postpone a hearing on a motion by Major League Baseball aimed at forcing a sale of the team. Lawyers for commissioner Bud Selig asked the judge last week to terminate the Dodgers'
Updated: 09/27/2011 08:04P
Mets Ruling Pares Picard Case, Leaving Main $1 Billion Claim
27 (Bloomberg) -- The New York Mets' owners may still have to pay $1 billion to the trustee liquidating Bernard Madoff's investment firm after a judge dismissed most of the counts in his lawsuit while leaving intact the primary claims in the complaint.
Updated: 09/27/2011 07:50P
Dodgers look to postpone bankruptcy hearing
The Los Angeles Dodgers asked a Delaware bankruptcy judge on Tuesday to postpone a hearing on a motion by Major League Baseball aimed at forcing a sale of the team. Attorneys for Commissioner Bud Selig asked the judge last week to terminate the
Updated: 09/27/2011 07:46P
Perot Rolls the Dice on Las Vegas Rebound
Mr. Perot's biggest real-estate project, Hillwood's 17000-acre Alliance industrial hub north of Fort Worth, Texas, is 40% developed with an airport, warehouses, homes and offices. Mr. Perot, 52 years old, sometimes pilots his helicopter over Alliance
Updated: 09/27/2011 07:35P
Pat & Oscar's owner looks to keep doors open during bankruptcy
The parent company of the Carlsbad-based Pat & Oscar's restaurant chain has filed for Chapter 7 liquidation, but the franchise owners are saying they can keep the doors open.
Updated: 09/27/2011 07:34P
RBS Bid to Dismiss Lehman Claim Denied
A bankruptcy judge refused to dismiss a $346 million claim by Lehman Brothers Holdings Inc.'s brokerage against Royal Bank of Scotland Group PLC, saying he would "retain jurisdiction to hear and determine all matters" arising from his order.
Updated: 09/27/2011 07:33P
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