Latest Legal Advertising News
Philadelphia Orchestra asks for loan | Philadelphia Inquirer | 2011-09-29
The Philadelphia Orchestra Association is seeking a loan to help fund operations through the end of its bankruptcy case. The Association has applied to US Bankruptcy Court for permission to assume $3.1 million in debt to pay operating costs,
Updated: 09/29/2011 11:12A
BoA, Merrill vow support for Lehman exit plan
As part of the settlement, the banks have pledged support for Lehman's $65 billion bankruptcy exit plan, according to court papers filed late on Wednesday in US Bankruptcy Court in Manhattan. Bank of America will reduce its derivatives claims against
Updated: 09/29/2011 11:12A
Berkshire's Buyback, Like Its 2009 Railroad Buy, Is Succession Planning
First, a quirk in the rules for railroads allows them to avoid liquidation in the event of bankruptcy. After Buffett is gone, whoever is in charge could bumble with some derivative instruments that, for unforeseen reasons, blow up.
Updated: 09/29/2011 11:06A
UPDATE 1-Graceway Pharma files bankruptcy, to be sold
Lazard is its financial adviser, Alvarez & Marsal is its restructuring adviser, and Latham & Watkins is its law firm. The case is In re: Graceway Pharmaceuticals LLC, US Bankruptcy Court, District of Delaware, No. 11-13036.
Updated: 09/29/2011 11:05A
Solyndra and President Obama Take Heat on Facebook
The heat is turning up on the corporate Facebook page of solar panel maker Solyndra after declaring bankruptcy August 31. Like Wall Street before it, taxpayers, Republicans and Democrats alike are now focusing their anger and frustration on the company
Updated: 09/29/2011 10:56A
Lehman Creditors Holding $140 Billion in Claims Back Plan
More than 50 creditors have put that support in writing ahead of a November vote and December hearing to confirm the $65 billion liquidation plan, Lehman said in a filing in US Bankruptcy Court in Manhattan yesterday. Lehman, which filed the biggest
Updated: 09/29/2011 10:49A
Woman pleads not guilty to fraud related to bankruptcy filing
AP BOISE -- A 39-year-old Caldwell woman has pleaded not guilty to several federal fraud charges related to a bankruptcy filing. The US attorney's office says Shawna Lea Pennington was indicted on Sept. 13 for bank, mail, wire and bankruptcy fraud
Updated: 09/29/2011 10:45A
The clouds are breaking: The financier's perspective of thin film post-Solyndra
Thin film start-up Stion cut the ribbon on its 100MW manufacturing factory in Hattiesburg and will see the first production of their CIGS modules begin later this year. The National Renewable Energy Laboratory also verified 14.1% efficiency for the
Updated: 09/29/2011 10:43A
AMR Pays Penalty in Bond Sale as Losses Mount
American, which hasn't achieved the savings its largest competitors benefited from in the past decade through Chapter 11 bankruptcy protection, sold $725.7 million of 10-year bonds backed by 43 aircraft with an 8.625 percent coupon yesterday,
Updated: 09/29/2011 10:29A
Blockbuster Pink Sheets Worthless: SEC
The shell of the movie rental chain, which was purchased out of bankruptcy by Dish Network(DISH) in April, plunged more than 40% this morning, following an investigation by the Securities and Exchange Commission. The SEC temporarily suspended trading
Updated: 09/29/2011 10:22A
Primary Categories