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Frank, Jamie McCourt reach divorce settlement over Dodgers
The deal means Jamie can no longer prevent Frank from selling the franchise's team's TV rights in a bankruptcy court. It also clears the way for Frank to challenge Commissioner Bud Selig for retaining the team. Last week, MLB withdrew a motion to
Updated: 10/17/2011 10:17A
Bloomberg Brief Issues Seven Specialty Newsletters
The new Bloomberg Briefs available are: Bankruptcy and Restructuring, Climate and Carbon, European Economics, Financial Regulation, Leveraged Finance, Municipal Market and Risk. These join existing newsletters: US Economics, Hedge Funds,
Updated: 10/17/2011 10:11A
Justices Don't Communicate by Email, Kagan Says
Speaking at the National Conference of Bankruptcy Judges in Tampa, Kagan said the justices “ignore 25 years of technology” in communicating with each other, the Associated Press reports. Taking questions from two judges, Kagan said none of the three
Updated: 10/17/2011 10:10A
Harrisburg Mayor Asks Federal Judge to Vacate Order Starting Bankruptcy
Thompson says the council members didn't follow proper procedures and the state says the bankruptcy violates a law passed earlier this year by legislators. Thompson argued that the under Pennsylvania's municipal code, Harrisburg is a city with a
Updated: 10/17/2011 10:07A
Another solar firm scrutinized after Solyndra failure
San Jose-based SoloPower, which uses the same risky technology that Solyndra did, received a $197 million loan guarantee some three weeks before Solyndra declared bankruptcy. Some analysts are now asking why the federal government made the investment
Updated: 10/17/2011 10:05A
Villegas says federal judge erred in her ruling
Tydingco-Gatewood said that Villegas and co-defendant Ana Villegas maintained the bankruptcy action to prevent PNB from taking legal action to collect on the fraudulently obtained funds. As part of the conspiracy, the judge said, the Villegases
Updated: 10/17/2011 10:03A
Court puts major insurer into administration
the bankruptcy application as the insurer did not prove that it paid the debt. The Federal Service for Financial Markets partially revoked Rosstrakh's operating license in September due to the insurer's failure to eliminate law violations.
Updated: 10/17/2011 10:02A
McCourts Reportedly Reach Divorce Settlement
Selig has asked the Bankruptcy Court to order the Dodgers sold. For Frank McCourt to keep the team, he probably needs US Bankruptcy Court Judge Kevin Gross to deny Selig's request and to grant an auction of the Dodgers' television rights,
Updated: 10/17/2011 09:59A
Court throws out Garrett NAB bid
ANDREW Garrett could face bankruptcy again after yesterday losing a Federal Court case "doomed to fail". Mr Garrett was trying to restart a case against the National Australia Bank, which foreclosed on his Adelaide Hills home in 2004 for more than $12
Updated: 10/17/2011 09:54A
Frank and Jamie McCourt reportedly agree to divorce settlement
It is uncertain whether the Bankruptcy Court would allow McCourt to use money from a television deal to satisfy a divorce settlement — Selig would not — or whether the net proceeds of a sale of the team would exceed $130 million.
Updated: 10/17/2011 09:50A
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