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Debt-crippled Harrisburg, Pa., files for bankruptcy
At a news conference, Thompson said she was hiring a law firm to challenge the bankruptcy filing, which she called a “sneak attack” by council members. “I'm ashamed of the behavior, the road jams, the road blocks, the dishonest statements that keep
Updated: 10/13/2011 12:21A
Kodak, Google, SF Giants, Steve Jobs, Bayer: Intellectual Property
(EK) and are seeking to profit from a potential sale of its digital-imaging patents, said people with knowledge of the matter. The creditors hold second-lien debt backed by Kodak's patent portfolio and want the company to use cash from an asset sale to
Updated: 10/13/2011 12:17A
Johnson & Johnson, Mark Hurd, Insider Trading in Court News
The trial will begin Oct. 20, Innkeepers lawyer Dan Donovan said yesterday in US Bankruptcy Court in Manhattan. The start date was initially postponed from Oct. 10, when two people with knowledge of settlement talks said Cerberus might resolve the
Updated: 10/13/2011 12:15A
Lessons For Wal-Mart... The Rise And Fall Of A&P And The Future Of American
Partly the fit was perfect because A&P, though now operating under Chapter 11 of the US Bankruptcy Code, is still the largest single retailer in metro New York — with banners that include A&P, Waldbaum's, Food Emporium, Pathmark and Food Basics.
Updated: 10/13/2011 12:12A
$3M donation to Ordway figures in lawsuit
ALBANY -- Three million dollars donated to Ordway Research Institute in 2008 by the inventor of the Nike Air shoe have become entangled in accusations of negligence and fraud in the Albany biotech lab's bankruptcy case.
Updated: 10/13/2011 12:11A
Hoppy's Commentary for Thursday
And now, the City of Huntington is facing such significant financial problems that the dreaded word “bankruptcy” is quietly mentioned as an option. This week, Mayor Kim Wolfe proposed making up half the $4.4 million deficit with cuts and the other half
Updated: 10/13/2011 12:06A
Kelley Drye & Warren | L.L.C. Member Is An Insider For Purposes Of
Longview filed for Chapter 11 bankruptcy relief in March 2003. The bankruptcy trustee sought the return of both payments. Forte conceded that the $15000 payment was a preferential transfer since it occurred within 90 days prior to the bankruptcy filing
Updated: 10/13/2011 12:03A
Solyndra CEO has stepped aside
“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, director of the Berkeley Center for Law, Business and the Economy
Updated: 10/13/2011 12:02A
Midlands People & Achievements
Barbara Barton, of Columbia's Barton Law Firm, received the Turnaround Management Association Transaction of the Year Award for her role in the Chapter 11 Bankruptcy of Park Seed and Jackson & Perkins. Barton represented the trustee for the Greenwood
Updated: 10/13/2011 12:02A
Bankruptcy trustee struggles to get money for victims of ex-UM booster Nevin
But the conflict now drawing the most attention in the federal bankruptcy court is between the trustee and the Lewis Tein law firm. Tabas maintains that Shapiro's legal payments to Lewis and Tein were "fraudulent transfers" from his company,
Updated: 10/13/2011 12:02A
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