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Fitch Assigns Final Ratings to GS Mortgage Securities Trust 2011-GC5
Since publication of the presale, the fifth largest loan, Parkdale Mall & Crossing, was affected by the Hadley's Furniture bankruptcy. Hadley's Furniture has vacated and is no longer paying rent at the subject. The Hadley's space makes up approximately
Updated: 10/13/2011 03:48P

FINRA Dismisses Lehman Case Against Mitchell
According to a Forbes report, Lehman contended that, from 1998 to August 2008, it loaned the 113 employees a total of some $80 million; it was this money that it sought to recover after its bankruptcy. The company sought $176000 in compensatory damages
Updated: 10/13/2011 03:33P

Bentley says November session for Jefferson County unlikely
They are going to have to pay for it some way or another or bankruptcy will occur." Three of five county commissioners and lawyers representing the county met with state lawmakers today to discuss ways to address the county's sewer debt and general
Updated: 10/13/2011 03:30P

Lautenbergs Seek to Pursue Madoff Suit, Cite Rakoff Ruling
Oct. 13 (Bloomberg) -- The charitable foundation of US Senator Frank Lautenberg asked a judge to let it continue a $9 million lawsuit against Bernard Madoff's brother Peter, saying a ruling in the HSBC Holdings Plc case bars the
Updated: 10/13/2011 03:30P

Court papers: Solyndra's CEO quietly resigned Friday
He did so quietly, and it's unclear whether the timing was related to Obama administration Justice Department officials' request for someone other than company executives to oversee Solynra's bankruptcy process. Since the DOJ didn't trust Solyndra
Updated: 10/13/2011 03:23P

Harrisburg attorney defends bankruptcy filing
There have been only 629 municipal bankruptcies under Chapter 9 of the US Bankruptcy Code since 1937, according to James Spiotto, a municipal bankruptcy expert at the law firm Chapman and Cutler. The move likely sets up a protracted legal battle
Updated: 10/13/2011 03:20P

Solyndra CEO Brian Harrison Resigns
Solyndra's filing was in response to a Justice Department motion to appoint a trustee to oversee the bankruptcy case. Solyndra CEO Brian Harrison appears before the the House Oversight and Investigations subcommittee on Capitol Hill, Friday, Sept.
Updated: 10/13/2011 03:16P

Harrisburg, Pa. attorney defends bankruptcy filing
There have been only 629 municipal bankruptcies under Chapter 9 of the US Bankruptcy Code since 1937, according to James Spiotto, a municipal bankruptcy expert at the law firm Chapman and Cutler. The move likely sets up a protracted legal battle
Updated: 10/13/2011 03:16P

Solyndra CEO Resigns Amid Fraud Investigation
Harrison's resignation is apparently a concession to the US Justice Department, which is investigating whether Solyndra misrepresented the company's financial situation in order to obtain — and later refinance — a $534 million loan from the federal
Updated: 10/13/2011 03:08P

Solyndra says its CEO resigned
Solyndra's filing was in response to a motion by the Justice Department to appoint a trustee to oversee the bankruptcy case. The government was concerned company officials would not be forthcoming about Solyndra's operations and finances.
Updated: 10/13/2011 03:01P

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