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Maas determined the actual damages and then tripled them as allowed by law. At this time, the companies were only seeking an assessment of damages against al-Qaida. The organization founded by Osama bin Laden is blamed for orchestrating the terror
Updated: 10/14/2011 09:05P
Martino grilled in bankruptcy case
Trustees in the Tom Martino bankruptcy case grilled the broadcasting celebrity for three-and-half hours Friday afternoon, trying to determine how Martino values his Troubleshooter Network and why he transferred some of his assets to his wife,
Updated: 10/14/2011 09:03P
Trump planning to buy Doral resort
Sources associated with the deal have said that the Trump Organization is planning to nvest at least $150 million in upgrades to the nearly 50-year-old hotel, which fell into bankruptcy protection earlier this year. The agreement for Trump to buy this
Updated: 10/14/2011 08:20P
AMR management, pilots move ahead on contract talks
Brief bankruptcy speculation at the third-largest US carrier, triggered by a spike in pilot retirements and other developments over the last two weeks have focussed more attention on negotiations and added pressure on reaching a settlement.
Updated: 10/14/2011 08:14P
Energy Conversion bond holders hire advisors-source
LOS ANGELES, Oct 14 (Reuters) - Debt holders of Energy Conversion Devices have formed an ad-hoc committee and hired legal and restructuring advisors, as the company faces the same pressures that led to the high-profile bankruptcy of
Updated: 10/14/2011 07:55P
Spanish Peaks Resort Owner Seeks Bankruptcy to Liquidate
Spanish Peaks Holdings II LLC, owner of a Montana resort, The Club at Spanish Peaks, sought bankruptcy protection to liquidate its assets. The company, based in Big Sky, Montana, listed debt of as much
Updated: 10/14/2011 07:51P
Portage's Sta-Care to close next week; 50 to lose jobs
Much of its business, however, has come from residential sales, and like other companies that sell home remodeling products, Sta-Care was hurt deeply by the faltering national economy. It filed for Chapter 11 bankruptcy protection June 24 due to cash
Updated: 10/14/2011 07:45P
Turbulence for American Airlines?
Despite persistent rumors earlier this month that American Airlines was hurtling toward bankruptcy, Wall Street analysts seem convinced the Texas-based company will avoid that route for now. But the airline, which is expected to post
Updated: 10/14/2011 07:44P
Celebrity misfortunes
Matt Sayles / AP Singer and actress Courtney Love, who was married to Kurt Cobain, was on the verge of bankruptcy before she sold 25 percent ownership of Nirvana's catalogue. Actor Wesley Snipes was indicted on tax fraud charges for failing to file
Updated: 10/14/2011 07:40P
Martino: I transferred assets for marital harmony
Any assets troubleshooting consumer advocate Tom Martino transferred to his wife was to keep harmony in the home, not an effort to hide them from bankruptcy, he said Friday. In a meeting before his creditors, Martino, 58, squirreled for 3-1/2 hours as
Updated: 10/14/2011 07:36P
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