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Trinitas Loses Lawsuit
Michael and Michelle Nemee argued in US Bankruptcy Court that golf should be allowed in areas zoned as agriculture. Their attorney's argued to Judge Ronald H. Sargis that golf is in the same category as activities like horseback riding,
Updated: 11/01/2011 03:09P
INsider: Why MF Global could thump advisers, too
Indeed, thanks to the unfolding meltdown at MF Global Holdings Ltd. (MF), which filed for Chapter 11 bankruptcy protection today, it appears the anti-regulation argument is about to lose some steam. “If nothing else, this will be a rallying call for
Updated: 11/01/2011 03:09P
MF Global customer shocked by crash of 'a firm that size'
It may not be of Lehman Brothers proportions yet, but the bankruptcy filing by MF Global Holdings Ltd. yesterday has caused financial crisis-like anxiety among the firm's clients and trading partners. The firm is run by Jon Corzine,
Updated: 11/01/2011 03:08P
MF Global: Where is the bankrupt firm's missing $700 million?
Jon Corzine heads the brokerage firm MF Global, which filed for bankruptcy on Monday, and is still scrambling to find $700 million in missing customer money. Photo: Mario Tama/Getty Images SEE ALL 22 PHOTOS MF Global is broke.
Updated: 11/01/2011 03:08P
All MF Global Funds Are Accounted For, Lawyer Says in Court
“To the best knowledge of management, there is no shortfall,” Ziman told US Bankruptcy court judge Martin Glenn, who inquired about whether a shortfall in customer accounts would affect the case, citing media reports that hundreds of millions were
Updated: 11/01/2011 03:06P
State of the City held with Mayor Thompson, two other Mayors of distressed cities
One of the things all three mayors agree on is that bankruptcy is not an option, or should be the last option. Reading Mayor Thomas McMahon and Scranton Mayor Chris Doherty joined Harrisburg Mayor Linda Thompson to share what has worked,
Updated: 11/01/2011 03:06P
MF Global mixed client cash with own accounts
MF Global was ordered by the CFTC's enforcement division to preserve records for the review, said one of the people, who spoke on condition of anonymity because the probe isn't public. The shortfall may be about $US700 million, two other people with
Updated: 11/01/2011 03:04P
FairPoint trust sues Verizon for $2 billion
In a $2 billion fraudulent transfer lawsuit filed in North Carolina, the FairPoint litigation trust claims FairPoint went bankrupt because of its "disastrous" $2.3 billion purchase of Verizon's landline and Internet operations in Maine, New Hampshire
Updated: 11/01/2011 03:04P
Financial outrages are all around
One, a Wall Street brokerage company, MF Global, filed for bankruptcy on Monday and federal regulators discovered that hundreds of millions of dollars in customer money has gone missing, the New York Times reported. Regulators were trying to figure out
Updated: 11/01/2011 02:30P
European crisis claims first significant casualty in U.S.
MF Global Holdings Ltd., which Corzine has headed since early last year, filed for bankruptcy protection Monday. Concerns about the company's holdings of European debt caused business partners to pull back last week, leading to a severe cash crunch,
Updated: 11/01/2011 02:30P
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