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Cerberus, Innkeepers Trial Over Failed Hotel Purchase Delayed to Oct. 20
The trial will begin Oct. 20, Innkeepers lawyer Dan Donovan said today in US Bankruptcy Court in Manhattan, after it was delayed twice yesterday. The start date was initially postponed from Oct. 10, when two people with knowledge of settlement talks
Updated: 10/12/2011 10:51A
Quick News: Harrisburg City Council approves bankruptcy filing
Harrisburg's City Council has voted in favor of a municipal bankruptcy filing after rejecting financial recovery plans put forward by state officials and the city's mayor. But the way forward for the cash-strapped capital remains clouded while
Updated: 10/12/2011 10:49A
Pennsylvania Capital Harrisburg Files for Bankruptcy Over Incinerator Debt
Harrisburg, Pennsylvania, filed for bankruptcy in US court in Harrisburg, after failing to pay the debt due on a city incinerator. The city's bondholders include Ambac Financial Group Inc., with more than $70 million of revenue bonds,
Updated: 10/12/2011 10:49A
Harrisburg, PA's State Capital, Seeking Bankruptcy Protection
Pennsylvania's capital has authorized a bankruptcy filing, making the city the nation's highest-profile municipality to acknowledge that it can no longer handle its burdensome debt. Harrisburg's city council authorized the measure Tuesday after the
Updated: 10/12/2011 10:44A
Solyndra says Harrison departed as CEO on October 7
Brian Harrison left Solyndra "as scheduled on October 7," according to a filing with Delaware's bankruptcy court, which is handling the company's Chapter 11 case. Solyndra asked the bankruptcy court to approve the appointment of Todd Neilson of
Updated: 10/12/2011 10:43A
Harrisburg, Pa., Votes to File for Bankruptcy
By National Journal Staff Pennsylvania's capital city voted to file for Chapter 9 bankruptcy protection on Tuesday as it faced a state takeover, according to media reports. The City Council voted 4-3 to seek bankruptcy protection for Harrisburg,
Updated: 10/12/2011 10:41A
Quarry verdict rocks Gurley (editorial)
Town attorneys will be back in court on Thursday arguing that the jury verdict should be overturned and a new trial ordered. If they fall short, city leaders say they'll have no other choice but to file bankruptcy. That would make Gurley only the
Updated: 10/12/2011 10:40A
Pennsylvania capital filing for bankruptcy
The City Council voted in favor of a municipal bankruptcy filing after rejecting financial recovery plans put forward by state officials and Harrisburg's mayor. But the way forward for the cash-strapped capital remains clouded while Pennsylvania
Updated: 10/12/2011 10:38A
Harrisburg, Penn. files for bankruptcy
By Deborah Levine.
Updated: 10/12/2011 10:36A
Innkeepers, Cerberus trial delayed to October 20
A lawyer for Innkeepers announced the latest delay after the parties met privately on Wednesday morning with Judge Shelley Chapman in US Bankruptcy Court in Manhattan. No specific reason was given for the postponement. Cerberus and Chatham in August
Updated: 10/12/2011 10:35A
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