Latest Legal Advertising News
Court Rules that Insurer Cannot Benefit From A Policyholder's Bankruptcy
"This decision has major significance for bankrupt policyholders and trusts that are charged with collecting and distributing the debtor' insurance assets because it reaffirms the principle that insurers cannot benefit from a policyholder's bankruptcy
Updated: 11/02/2011 11:57A
Kingsbury Corp. to be marketed for sale
Kingsbury Corp., which filed for Chapter 11 bankruptcy protection in September, has permission to hire an investment bank to help identify potential buyers for the company, Judge J. Michael Deasy of the US Bankruptcy Court in Manchester ruled Monday.
Updated: 11/02/2011 11:55A
Filene's Files for Bankruptcy (Again)
The Massachusetts-based discount retailer announced Wednesday morning that it has filed for bankruptcy -- for the third time -- and plans to close its 21 discount stores in the next few months. The Chapter 11 filing was announced Wednesday morning by
Updated: 11/02/2011 11:54A
Iroquois customers may get refund
02--Eleven years after Iroquois Energy Management collapsed into bankruptcy, about 2500 customers of the defunct Hamburg energy marketer stand to get back a portion of the deposits they had given the company. A proposed settlement of the Iroquois
Updated: 11/02/2011 11:53A
More Banks Dodge $20B Claims by Madoff Trustee
MANHATTAN (CN) - Irving Picard, the bankruptcy trustee heading compensation for victims of Bernard Madoff, hit another stumbling block Tuesday as a federal judge threw out $21 billion in claims against JPMorgan Chase and UBS for many
Updated: 11/02/2011 11:53A
Syms and Filene's Basement To Go Out Of Business
Discount clothing retailer Syms Corp famous for saying educated consumers were its best customers, filed for bankruptcy Wednesday along with its Filene's Basement chain and both plan to go out of business. The bankruptcy is the third and likely final
Updated: 11/02/2011 11:47A
ICE says MF Global did not break its rules
MF Global's action in the days leading up to its bankruptcy filing on Monday – the eighth biggest corporate collapse in US history and the largest of any financial firm since Lehman Brothers in 2008 – are now under investigation by the Commodity
Updated: 11/02/2011 11:45A
Clean Tech Venture Capital Soars
Solyndra and Beacon Power declared bankruptcy this year, a result of heavy competition and spending faster than they could bring in revenue. Many have also blamed the government loans for this. But an article in USA Today reports that Americans still
Updated: 11/02/2011 11:45A
MLB reaches deal with McCourt for LA Dodgers sale
LOS ANGELES -- Embattled Los Angeles Dodgers owner Frank McCourt and Major League Baseball reached an agreement late Tuesday to sell the club, ending a seven-year tenure that was recently mired in legal troubles capped by its filing for bankruptcy
Updated: 11/02/2011 11:45A
US Banks Growing Despite Euro Crisis: Analyst
NEW YORK (TheStreet)--The crisis in Europe represents a real threat to US banks, as the recent bankruptcy of MF Global(MF) demonstrates. Nonetheless, there are signs of growth among US banks, as Atlantic Equities
Updated: 11/02/2011 11:44A
Primary Categories