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Securities firm files for bankruptcy ; MF Global Holdings is run by former
Jon Corzine, is seeking bankruptcy protection one week after reporting its biggest quarterly loss. MF Global shares plunged 66 percent last week. Besides the loss of $186.6 million for the fiscal second quarter, investors were spooked when MF Global's
Updated: 11/02/2011 10:58A
Potential Dodgers Buyers
by metsfan710 more posts by author Frank McCort has agreed to sell the Dodgers, after almost a year of bankruptcy controversy. McCort has agreed to auction off the team for a price that many speculate can be around $1 billion. With the auction looming,
Updated: 11/02/2011 10:56A
Syms And Filene's Liquidating...Lots Of Dirt Cheap Goods In The Meantime!
Famed discount retail group Syms is liquidating and filing for bankruptcy protection. Seems like bankruptcy's a bit of a theme this week? At least this one may get you some discounted Christmas gifts? Syms, the publicly traded company that also owns
Updated: 11/02/2011 10:56A
Muck tracker - Dodgers to be sold at auction
McCourt and Major League Baseball issued a joint statement Tuesday, saying they would seek Bankruptcy Court approval to auction the team. There are no comments yet, be the first by filling in the form below. The relationship map to the left is
Updated: 11/02/2011 10:51A
Filene's Basement Closing Stores
BOSTON -- Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for Chapter 11 bankruptcy protection and plan to liquidate their operations, including stores in Massachusetts. Clearance sales are under way in Braintree, Peabody,
Updated: 11/02/2011 10:51A
FairPoint creditors sue Verizon
By The Mainebiz News Staff A litigation trust comprised of former FairPoint Communications creditors has filed a lawsuit against Verizon, claiming the company sold FairPoint "inferior assets that had no future." In a $2 billion fraudulent transfer
Updated: 11/02/2011 10:50A
McCourt, MLB agree on process 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 10:48A
Personal-Bankruptcy Filings Fall
Consumer bankruptcy filings declined in October for the fourth-straight month as households cut their use of credit by choice and by force. The 106255 personal filings last month were 19.6% below year-ago levels, the American Bankruptcy
Updated: 11/02/2011 10:47A
Corzine's Lack of MF Global Controls Shown With Missing Cash
2 (Bloomberg) -- MF Global Holdings Ltd.'s bankruptcy, the eighth-largest in US history, is exposing a lack of internal controls that may have prevented a last-minute rescue of Jon Corzine's futures broker. The day it filed for Chapter 11 protection,
Updated: 11/02/2011 10:47A
Evergreen, Energy Dept end fight over bankruptcy sale
US Bankruptcy Judge Mary F. Walrath approved the settlement today during a hearing in Wilmington, Del. Under the deal, Evergreen won't sell certain patents in which the Energy Department claims to hold rights and will also place restrictions on the
Updated: 11/02/2011 10:46A
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