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MLB says Frank McCourt looted $190M from Dodgers
AP October 25, 2011 9:34AM LOS ANGELES — Dodgers owner Frank McCourt looted nearly $190 million from the Los Angeles team, using the money for non-baseball use in violation of Major League Baseball rules, according to Delaware bankruptcy court
Updated: 10/25/2011 10:37A
Bankruptcy Rumours Plague Kodak
But after 25 years of failing to find its focus, in September Kodak hired a law firm well known for its bankruptcy practice, triggering speculation that the photography pioneer could file for bankruptcy. Set up by George Eastman in Rochester, NY,
Updated: 10/25/2011 10:32A
Ecuador: Clarifying Bananera Noboa's sutuation
Last week, the director of the "Servicio de Rentas Internas - SRI", Carlos Marx Carrasco, announced that the institution is investigating the details of bankruptcy declaration by the exporting company "Bananera Noboa", as informed by "La Hora".
Updated: 10/25/2011 10:31A
The Daily Docket: Lehman Reaches Deal With SunCal
Read the Daily Bankruptcy Review article here. Capmark Financial Group Inc. filed suit against several units of Goldman Sachs Group Inc. over a loan agreement, The Wall Street Journal reports. Capmark accused Goldman Sachs of having an advantage over
Updated: 10/25/2011 10:23A
American Airlines' Fuel Headwinds Offset Top-Line Growth in Earnings
Bankruptcy fears have also temporarily distracted the carrier as it looks capable of meeting its capital expenditure and debt repayment needs in the near term with its unrestricted cash reserves and financing arrangements.
Updated: 10/25/2011 10:20A
How Florida Screwed Up US Politics Again
Well, we might as well go back to the rhetorical device used to explain the basics of the Republican nomination process: the Q&A. Right, so, I don't want any nonsense out of you, politics-hack. Tell me when everything important is going to happen.
Updated: 10/25/2011 10:18A
MLB: McCourt siphoned $190M from Dodgers
A creditors' committee and Fox Sports asked Gross to deny the Dodgers' move to auction television rights, a critical piece of McCourt's strategy to emerge from bankruptcy as the team's owner. MLB : McCourt siphoned $190 M from Dodgers.
Updated: 10/25/2011 10:12A
Dodgers' McCourt 'Looted' Team of $190 Million, League Alleges to Court
The Los Angeles team sought bankruptcy court protection from creditors in June. Its balance sheet as of June 30 listed $370.6 million in assets and $643.9 million in debt. McCourt and his media representatives didn't immediately reply to phone and
Updated: 10/25/2011 10:12A
Charlotte Observer: New EpiCentre Lender Sues Project's Developers
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 10:05A
CIT Group's long-shrinking loan book stabilizes
Earlier this month CIT began issuing certificates of deposit over the Internet, where it is far behind the more developed online banks of better known companies including Ally Financial, Discover Financial Services (DFS.N), American Express Co (AXP.
Updated: 10/25/2011 10:03A
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