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LeNature's fraud may net $50 million deal
The deal, subject to US Bankruptcy Court approval, would require Wachovia to pay $38 million, and the auditing firm would pay $12 million to settle claims stemming from the company's 2006 financial collapse, court papers indicate.
Updated: 10/13/2011 12:01A
Landmark restaurant claims bankruptcy
One of Downtown's oldest restaurants filed for bankruptcy this week, citing the loss of a tenant in a building it owns and a drop in business as fewer shoppers come to that part of town. The Smithfield Cafe plans to restructure its debt,
Updated: 10/13/2011 12:01A
AP Business NewsBrief at 11:21 pm EDT
That means Samsung cannot sell the device in Australia in its current form until a pending patent lawsuit between the warring technology giants is resolved. WSJ accused of unorthodox boost to circulationLONDON (AP) _ The Guardian newspaper reported
Updated: 10/12/2011 11:46P
Beatrice Biodiesel might emerge from mothball status
Diesel fuel with soybean oil mixed in is on its way to a record production year, and the bankruptcy trustee for Beatrice Biodiesel has chosen this as the time to sell a plant that has been in mothball status since 2008. Lincoln attorney Rick Lange is
Updated: 10/12/2011 11:37P
Solyndra CEO Brian Harrison steps down
"When a CEO gets into a position where the company may be facing criminal prosecution or a criminal investigation, the likelihood of the CEO leaving gets pretty high," said Eric Talley, co-director of the UC Berkeley Center for Law, Business and the
Updated: 10/12/2011 11:31P
Murphy & King Signs 21K SF Office Lease Extension in Boston
Murphy & King, PC, a Boston-based law firm specializing in business litigation, intellectual property, and bankruptcy issues, has signed a 20663 SF early office lease renewal at One Beacon Street in Boston. Joe Sciolla, Rick Lowe, and Brandon Leitner
Updated: 10/12/2011 11:26P
Pennsylvania's State Capital Seeks Bankruptcy for Overwhelming Debt
Pennsylvania's capital, Harrisburg, filed for a rare municipal bankruptcy on Wednesday in a desperate bid to resolve its debt crisis, but it now faces a showdown with the state over control of the city. Harrisburg becomes one of the most-high profile
Updated: 10/12/2011 11:25P
<span style="font-weight: bold;">Harrisburg, Pa., Files for Bankruptcy
Pennsylvania's capital, Harrisburg, filed for a rare municipal bankruptcy on Wednesday in a desperate bid to resolve its debt crisis, but it now faces a showdown with the state over control of the city. Harrisburg becomes one of the most-high profile
Updated: 10/12/2011 11:24P
Candlelight Properties files for Chapter 11 bankruptcy
Candlelight Properties LLC, owner of Candlelight Village mobile home park, has filed for Chapter 11 bankruptcy protection to allow the company to reorganize its finances to pay off an $18 million loan.
Updated: 10/12/2011 11:00P
Penn. Capital Files for Bankruptcy
Pennsylvania's capital city, Harrisburg, filed for bankruptcy Tuesday—a surprise move that had county commissions saying Wednesday that they will challenge the legality of such a proceeding. Harrisburg's city council voted 4-3 to file the rare Chapter
Updated: 10/12/2011 10:56P
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