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Madoff, MBIA, Banco Espirito, McKinsey, Lehman in Court News
They say bankruptcy claims don't carry a right to a jury trial. The case is Picard v. Katz, 11-cv-03605, US District Court, Southern District of New York (Manhattan). MBIA Inc. (MBI) and Third Avenue Trust ended a 2009 lawsuit with each agreeing to pay
Updated: 10/25/2011 12:21A
EpiCentre lenders sue developers, say books were altered
Blue Air 2010 filed a lawsuit Sunday in federal bankruptcy court claiming Afshin Ghazi, George Cornelson III and others "manipulated and falsified" bookkeeping records and transferred assets to "various insider companies" before the project filed for
Updated: 10/25/2011 12:14A
Official says east China's Zhejiang resilient to debt crisis
HANGZHOU, Oct. 25 (Xinhua) -- A top provincial official has said the recent debt crisis in Zhejiang that has resulted in the bankruptcy of a number of private enterprises, would not affect the province's business environment or its overall economic
Updated: 10/25/2011 12:13A
Holland & Knight LLP | Alert - October 24, 2011
In recent months, US bankruptcy filings – such as Omega Navigation (filed July 8 in Houston) and Marco Polo Seatrade (filed July 29 in New York) – have caught the attention of the worldwide shipping community. It is no surprise that some shipping
Updated: 10/25/2011 12:11A
Star Island couple to lose multi-million dollar estate in bankruptcy auction
Entrepreneur Claudio Osorio must sell his Star Island home at auction as part of a bankruptcy plan that allows the embattled businessman to again assume the helm of his failed high-tech building materials company. The Star Island home of embattled
Updated: 10/25/2011 12:02A
Milwaukee archdiocese pension funds fall short
create a tension for the bankruptcy judge who must balance the interests of the church's victims against those of its employees, said James J. Keightley, a Washington, DC, attorney who specializes in pension law and former general counsel for the
Updated: 10/24/2011 11:53P
Dodgers to bankruptcy judge: Six more months, please
The Dodgers asked US Bankruptcy Court Judge Kevin Gross to extend their exclusive window to propose a reorganization plan for the team until April 25, according to a court filing late Monday. The request, if granted, would enable embattled owner Frank
Updated: 10/24/2011 11:30P
Judge terminates Moran's contract
PROVIDENCE, RI (WPRI) - A federal bankruptcy judge has ruled to uphold the decision to void the contract of the police chief in Central Falls. The Providence Journal reported that on Friday the judge ruled Central Falls Police Chief Colonel Joseph
Updated: 10/24/2011 09:32P
Pennsylvania Academy of Music leaders take closed school to court
The top two leaders of the now-defunct Pennsylvania Academy of Music want to get paid, too. Dr. Thomas F. Godfrey and Roger W. Sandt filed court papers Friday seeking a combined $28000 in salary and reimbursement from PAM's estate.
Updated: 10/24/2011 09:29P
EpiCentre court documents: Lincoln Harris was asked to make lease contract
Court documents say Lincoln Harris helped make an EpiCentre leasing contract ”disappear” at the behest of developer Afshin Ghazi. The contention is contained in documents filed Sunday in the Chapter 11 bankruptcy case of the companies that own and
Updated: 10/24/2011 09:25P
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