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Syms Corp. Seeks Bankruptcy Protection
Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for Chapter 11 bankruptcy protection and plan to liquidate their operations. Syms had acquired Filene's Basement out of bankruptcy protection in the spring of 2009 for $62.4
Updated: 11/02/2011 10:32A
(Ex-)Goldman Sachs Screwed Up MF Global
The former head of Goldman Sachs ran MF Global into bankruptcy, and was almost going to pocket 12 million dollar "severance" package. What a way to finish! Actually, I highly suspect that Corzine is that stupid to buy up European debts using a leverage
Updated: 11/02/2011 10:30A
GRAIN HIGHLIGHTS: Top Stories Of The Day
CANBERRA (Dow Jones)--Trading at Australia's grain and wool derivatives markets resumed Wednesday morning on schedule after a suspension Tuesday in response to brokerage MF Global filing for Chapter 11 bankruptcy protection on Monday in the US,
Updated: 11/02/2011 10:28A
More UBS Arbitration Claims Over Lehman Notes Likely Following Bankruptcy
Late last week, the committee representing unsecured investors in the Lehman Brothers bankruptcy proceedings announced a reorganization plan, which will result in investors holding the company's “guaranteed” notes realizing huge losses unless they take
Updated: 11/02/2011 10:28A
U.S. district court ruling imposes important new limits on bankruptcy courts
14 However, the District Court was careful to distinguish Condor, and stressed that its holding "does not mean that any foreign-created bankruptcy law action asserted in a Chapter 15 may not be adjudicated by a bankruptcy court.
Updated: 11/02/2011 10:27A
LAK HANDLES SYMS BANKRUPTCY
Filene's, which opened in 1909, was acquired by Syms during a bankruptcy auction in 2009. Filene's recently emerged from bankruptcy, but was struggling to rebuild its customer base. Syms lost $11.5M on $86.3M revenues during the quarter ended Aug. 27.
Updated: 11/02/2011 10:26A
Evergreen, Energy Department End Fight Over Bankruptcy Sale
US Bankruptcy Judge Mary F. Walrath approved the settlement today during a hearing in Wilmington, Delaware. Under the deal, Evergreen won't sell certain patents in which the Energy Department claims to hold rights and will also place restrictions on
Updated: 11/02/2011 10:23A
Filene's Basement owner files bankruptcy, plans liquidation
In its bankruptcy filing, Syms listed assets $236 million, including $97.7 million in real estate inventories, and liabilities of $94 million, according to Bloomberg. Syms operates 25 Syms stores and 21 Filene's Basement stores.
Updated: 11/02/2011 10:22A
Filene's, Syms to go out of business by end of January
AP November 2, 2011 9:54AM 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. The stores are expected to complete
Updated: 11/02/2011 10:21A
MF Global Bankruptcy Exposes Vulnerability Of U.S. Banks To Eurozone Debt
David Zeiler: The bankruptcy of MF Global Holdings (NYSE:MF) was a distressing signal to investors that it is possible for US financial institutions to fall victim to the Eurozone debt crisis. MF Global filed for Chapter 11 bankruptcy Monday after
Updated: 11/02/2011 10:20A
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