Latest Legal Advertising News
Junior noteholder gets “ZING'd” as Bankruptcy Court allows involuntary filing
26, 2011), (“ZING VII”) lays claim to an interesting first – it sets precedent as being the first time a collateralized debt obligation (“CDO”) issuer has been a debtor in bankruptcy. CDO issuers are generally designed to be “bankruptcy-remote” special
Updated: 11/02/2011 06:24A
Frank McCourt To Sell Dodgers: MLB, McCourt Agree To Process For Selling
The announcement came as the Dodgers and MLB were headed toward a showdown in US Bankruptcy Court in Delaware at the end of the month as mediation between both sides was ongoing. McCourt and baseball Commissioner Bud Selig have traded barbs since MLB
Updated: 11/02/2011 06:23A
Corzine Firm's Bankruptcy Reminds Us Dems Repealed Glass-Steagall, Opened
The bankruptcy of MF Global demonstrates that the 1% of crony capitalists in America are now subject to the same risks of economic losses as the other 99% of us. Led by former Goldman Sachs Chairman Jon Corzine, MF Global engaged in
Updated: 11/02/2011 06:22A
McCourt gives up legal battle with MLB, agrees to sell Dodgers
The announcement came as the Dodgers and MLB were headed toward a showdown in US Bankruptcy Court in Delaware at the end of the month as mediation between both sides was ongoing. McCourt and baseball Commissioner Bud Selig have traded barbs since MLB
Updated: 11/02/2011 06:22A
McCourt, MLB agree to process to sell LA Dodgers
The announcement came as the Dodgers and MLB were headed toward a showdown in US Bankruptcy Court in Delaware at the end of the month as mediation between both sides was ongoing. McCourt and baseball Commissioner Bud Selig have traded barbs since MLB
Updated: 11/02/2011 06:22A
Point Blank assets sold
2 (UPI) -- A Sun Capital Partners affiliate has acquired substantially all of Point Blank Solutions' operating assets through a US 363 bankruptcy sale. The sale was approved Oct. 28 by the US Bankruptcy Court in Delaware, Point Blank said.
Updated: 11/02/2011 06:18A
Collapsed Broker 'Broke Client Fund Rules'
New York-based MF Global filed for bankruptcy on Monday with assets of $41bn (£25.6bn) - of which £4.5bn was held in customer deposits. According to CME Group which operates exchanges in the US for trading of commodities futures, the brokerage firm did
Updated: 11/02/2011 06:14A
Madoff trustee's lawsuit denied
For the second time this year, a federal judge has barred a court-appointed bankruptcy trustee from seeking billions in damages from big banks and other third parties to help compensate victims of Bernard Madoff's giant Ponzi scheme.
Updated: 11/02/2011 06:09A
Seventh Circuit: outcast minority member of LLC is still an insider
The Bankruptcy Code provides a non-exhaustive list of entities that are deemed to be insiders of a partnership or corporate debtor, but it does not set define who are the insiders of a debtor that is a limited liability company ("LLC").
Updated: 11/02/2011 06:01A
McCourt and MLB agree to process to sell Dodgers
The deal ends a seven-year tenure that saw the team return to the playoffs regularly but was recently mired in legal troubles capped by its filing for bankruptcy protection. A joint statement said there will be a "court-supervised process" to sell the
Updated: 11/02/2011 05:55A
Primary Categories