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'07-'08 Impala owners sue 'old' GM
The Detroit automaker said in court papers last month that it cannot be held liable for damages relating to vehicles produced before the "new" GM was created after the "old" GM filed for bankruptcy in 2009 as part of a $49.5 billion government bailout.
Updated: 09/28/2011 01:02A
Mets Ruling Pares Picard Allegations to Foremost Fraud Claim
28 (Bloomberg) -- The New York Mets' owners may still have to pay hundreds of millions of dollars to the trustee liquidating Bernard Madoff's investment firm after a judge dismissed nine of the 11 counts in his lawsuit. The trustee, Irving Picard,
Updated: 09/28/2011 01:00A
'Green' tax breaks may suffer from Solyndra fallout
SACRAMENTO (KABC) -- Solar and other alternative-energy companies may be losing tax breaks granted by the state of California as part of the fallout from a high-profile bankruptcy. Solyndra's bankruptcy is forcing leaders to question whether it's
Updated: 09/28/2011 12:58A
Energy idea goes for broke
It was that month that the Obama administration approved massive taxpayer-backed loan guarantees for Solyndra. In just two years, the company burned through $528 million in guarantees before filing for bankruptcy and leaving the government on the hook.
Updated: 09/28/2011 12:54A
Auditor defence may have holes in Deloitte case
The world's largest accounting and consulting firm, Deloitte on Monday was accused of failing to detect fraud during its audits of Taylor, Bean & Whitaker Mortgage Corp, one of the biggest private mortgage firms to collapse during the US housing crash.
Updated: 09/28/2011 12:43A
Greece faces scrutiny Merkel says bailout may change
It will also now extend the new real estate tax until 2014, two years longer than originally planned, after the troika judged Greece's estimate that it would raise 2 billion euros a year to be two times too high. The EU and the IMF say Greece has been
Updated: 09/28/2011 12:43A
Florida Dirt Bond Holders Put at Line's End in Bankruptcy Ruling
28 (Bloomberg) -- Holders of a Florida development's tax-exempt bonds are fighting a judge's order that may make it harder for owners of at least $2.9 billion of defaulted debt to get paid by excluding them from a bankruptcy settlement.
Updated: 09/28/2011 12:39A
LA Dodgers, Hussey, Lehman, Innkeepers, Solyndra: Bankruptcy
Even if Stern means the bankruptcy court can't make a final ruling, Lehman contends that Peck may hold a trial and give a recommended ruling to a district judge who would review the record and make an independent determination about who wins and who
Updated: 09/28/2011 12:39A
Galleon, Goodrich, MillerCoors, S&P, RBS, Sabre in Court News
Galleon earned $53.8 million in profit and avoided losses of $9.9 million, a Federal Bureau of Investigation agent testified at Rajaratnam's trial. His lawyers argued in court papers filed Sept. 9 that the government's loss calculation, used to support
Updated: 09/28/2011 12:39A
WaMu Noteholders Appeal Judge's Rejection of Reorganization Plan
Giving shareholders of WaMu the right to sue the hedge funds “radically distorts securities and bankruptcy law and inflicts a gross injustice,” Aurelius Capital Management LP, the hedge fund run by attorney Mark Brodsky, said in court records.
Updated: 09/28/2011 12:30A
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