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Filene's, Syms File for Bankruptcy, Plan to Close Doors
Syms Corp. and its affiliate, Filene's Basement, filed for bankruptcy protection today and announced plans to liquidate, citing increased competition in the off-price retail industry. The stores, which are perennial favorites of bargain brides and
Updated: 11/02/2011 10:46A
FBI To Look Into MF Global Collapse
MF Global's end was sealed yesterday, when a federal bankruptcy judge approved its plan to liquidate and appointed a trustee. A lawyer for the firm, which spun off from Man four years ago, told the court, "to the best knowledge of management,
Updated: 11/02/2011 10:46A
Syms, Filene's seek bankruptcy protection
By AP SECAUCUS, NJ - Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for Chapter 11 bankruptcy protection and plan to liquidate their operations. Syms acquired Filene's Basement out of bankruptcy protection in the spring of
Updated: 11/02/2011 10:42A
Filene's Basement parent Syms files for Chapter 11
The New Jersey-based clothing store operator filed for Chapter 11 bankruptcy protection in Delaware. Syms CEO Marcy Syms said competition from department stores that offer similar discounts, an increase in the number of private-label discount chains
Updated: 11/02/2011 10:42A
Filene's Basement Reportedly Files for Bankruptcy
This is the third time in a little over a decade that the retail store has filed for bankruptcy and after this holiday season, the franchise could close for good, the Globe reports. In a BusinessWire press release issued today (and referenced in the
Updated: 11/02/2011 10:41A
Attaching maritime assets in insolvency
One possible way forward for financially distressed shipowners was signposted by a 2009 ruling of the US Bankruptcy Court for the District of Nevada in a non-marine case in which Betcorp, a company registered in Australia, was sued for patent
Updated: 11/02/2011 10:40A
5 MF Global-Style Meltdowns
NEW YORK (TheStreet) - The ongoing saga of MF Global's (MF) bankruptcy took a turn Tuesday when reports surfaced that funds held in segregated customer accounts were missing. The revelation took Wall Street off
Updated: 11/02/2011 10:39A
Dodgers need a new owner after Frank McCourt agrees to sell
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. The Associated Press Nov 2, 2011 – 11:37 AM ET By Greg Risling LOS
Updated: 11/02/2011 10:37A
Picard Dealt Another Blow by SDNY
McMahon said in her order Tuesday that Picard lacked legal standing to bring common law claims, including allegations of aiding and abetting fraud and breach of fiduciary duty, because he technically represents Madoff's bankrupt firm, not his clients
Updated: 11/02/2011 10:37A
Greek Funds At Risk After MF Global Collapse
The collapse of MF Global causes additional concern to Greek investors, after the derivatives broker filed for bankruptcy. With Greek stock market losing 46.7% in 2011, hundreds of Greek investors are hit by the news that MF Global filed for Chapter 11
Updated: 11/02/2011 10:33A
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