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The Roller Coaster Ride for Madoff Investors Continues
Judge Rakoff ruled that Mr. Picard could only seek to reclaim profits withdrawn for the two years before Mr. Madoff's firm was forced into bankruptcy rather than the full six years otherwise provided by federal bankruptcy law. In addition, he concluded
Updated: 10/03/2011 03:27P
AMR pilot retirements fuel bankruptcy fears
Meanwhile, shares of Eastman Kodak Co. surged 80% Monday after the company dispelled fears that it might go into bankruptcy when it hired Jones Day, a law firm which specializes in restructuring, including Chapter 11 proceeding.
Updated: 10/03/2011 03:26P
American Air stock loses 33% on bankruptcy fear
NEW YORK (CNNMoney) -- Shares of American Airlines parent AMR lost a big chunk of their value Monday after numerous reports that the company was facing a threat of bankruptcy. Shares of AMR (AMR,
Updated: 10/03/2011 03:24P
AMR Falls to Lowest Since 2009
(AMR) tumbled the most since 2001, triggering automatic trading halts, on growing concern the third-largest US carrier may be forced to seek bankruptcy protection. So-called circuit breakers to stop the rout from moving to other shares took effect
Updated: 10/03/2011 03:23P
AMR Shares Drop on Bankruptcy Concerns
Shares of AMR Corp., (NYSE:AMR) the parent company of American Airlines, fell over 30% in midday trading on Monday following heightened bankruptcy concerns. In midday trading, AMR had fallen $0.99, or 33.45%, to $1.97. The stock has not closed below
Updated: 10/03/2011 03:23P
The Solyndra Bankruptcy
And now a motion filed by this collapsed solar company in bankruptcy court seeks to expedite the process to auction off Solyndra's assets by mid-October. What gives? Will US taxpayers get all of their money back from this $528 million guaranteed loan
Updated: 10/03/2011 03:20P
Bankruptcy filings continue to fall
Continuing a more than yearlong trend, bankruptcy cases filed in the federal courts' Rochester division in September showed a 29.7 point drop to 182, compared with 259 a year earlier. Bankruptcies filed to date this year in the Western
Updated: 10/03/2011 03:18P
Kodak shares up more than 80 percent after turbulent Friday
The stock's rollercoaster ride to close September was fueled by published reports it was mulling a bankruptcy filing and had hired a bankruptcy firm. That news sent Kodak's stock tumbling Friday—the shares hit as low as 54 cents each before regaining
Updated: 10/03/2011 03:18P
Third Circuit Holds that a Portion of Post-Petition Withdrawal Liability in
Recently, the Third Circuit held that withdrawal liability triggered after a bankruptcy filing date may be apportioned to pre- and post-petition service for the debtor, and that the withdrawal liability attributable to post-petition service may be
Updated: 10/03/2011 03:17P
Obama on Solyndra: 'Hindsight Is Always 20/20'
"If it's too late to change/postpone the meeting, the president should be careful about unrealistic/optimistic forecasts that could haunt him in the next 18 months if Solyndra hits the wall, files for bankruptcy." US President Barack Obama,
Updated: 10/03/2011 03:15P
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