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Dodgers' owners reach divorce settlement
“I think this may be a strategically sensible decision for her,” said Scott Altman, a law professor at the University of Southern California. “If he (Frank McCourt) gets $130-million out of bankruptcy, it's hers. It reduces her risk because she doesn't
Updated: 10/17/2011 08:09P
(AP Photo/Danny Moloshok, File)
A Los Angeles judge still has to sign off on the agreement, but once he does the settlement effectively ends the divorce saga that began two years ago after Frank McCourt fired Jamie McCourt as the Dodgers' CEO. In a separate statement, a spokesman for
Updated: 10/17/2011 08:06P
Solyndra Judge Denies Request for Trustee to Run Bankruptcy
Oct. 17 (Bloomberg) -- Solyndra LLC, the bankrupt solar panel maker under investigation related to a $535 million loan guarantee from the US government, defeated an attempt to have its bankruptcy case taken over by a trustee.
Updated: 10/17/2011 07:58P
Dodgers owners settle divorce case
The McCourts announced Monday that they resolved their divorce case, ending a feud that had complicated the Major League Baseball team's bankruptcy proceedings. Jamie McCourt, who had opposed the proposed sale of the Dodgers' media rights,
Updated: 10/17/2011 07:39P
McCourts reach divorce settlement; she gives him control of Dodgers, according
A settlement has been reached between Frank and Jamie McCourt in a costly and nasty feud over control of the Los Angeles Dodgers, paving the way for a showdown in bankruptcy court between the embattled team owner and Major League Baseball.
Updated: 10/17/2011 07:27P
Court refuses to replace Solyndra management
WILMINGTON, Del., Oct 17 (Reuters) - A judge declined to appoint a trustee to replace Solyndra's management who were accused of not answering questions about the bankruptcy of the government-backed solar panel maker. "It's clear this case does not rise
Updated: 10/17/2011 07:23P
Jamie McCourt ... will receive $US130 million Photo: Getty Images
The divorce case has been placed on hold until a bankruptcy court in Delaware determines the fate of the team. A hearing is scheduled for Wednesday and a judge will consider dueling motions over four days starting on October 31.
Updated: 10/17/2011 07:19P
Bankruptcy judge sets Harrisburg arguments for November
Pennsylvania's financially distressed capital city is seeking Chapter 9 bankruptcy Wednesday, Oct. 12, 2011, citing overwhelming debt, but Harrisburg's mayor and top city lawyer said the filing signed by a City Council member was not legal.
Updated: 10/17/2011 07:17P
Drumm bid to keep $0.5m from sale fails
FORMER ANGLO Irish Bank chief executive David Drumm has lost a bid to withhold $500000 (364000) from his creditors in his US bankruptcy case by failing in a claim that his seaside property in Cape Cod was his main home. A Boston court ruled yesterday
Updated: 10/17/2011 07:16P
Wisp Resort owners file for Chapter 11 bankruptcy protection
The owners of a ski resort near Deep Creek Lake have filed for Chapter 11 bankruptcy-law protection while they try to resolve financial difficulties related to another business. DC Development LLC, which owns Wisp Resort
Updated: 10/17/2011 07:15P
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