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MF Global Has Shortfall of $633 Million: CFTC
The New York-based holding company for the broker-dealer run by former New Jersey Governor Jon Corzine listed total debt of $39.7 billion and assets of $41 billion in Chapter 11 papers filed today in US Bankruptcy Court in Manhattan.
Updated: 11/03/2011 09:13A
MF Global Has Shortfall of $633 Million, CFTC Says
The shortfall may be recovered by James W. Giddens, the trustee for the bankrupt broker-dealer, lawyers for the CFTC said at a hearing yesterday in US Bankruptcy Court in Manhattan MF Global's trustee won permission to transfer 50000 accounts in which
Updated: 11/03/2011 09:13A
Now MF Global Employees Are Ditching Work
Because MF Global is banned from putting on new trades by major exchanges, much of its workforce has been idle since the firm filed for Chapter 11 bankruptcy protection on Monday. A commodities trading adviser Reuters spoke with said he's received a
Updated: 11/03/2011 09:08A
Syms stores in Cherry Hill, Berwyn on closing list
AP NEW YORK - Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for bankruptcy protection and plan to close all 46 of their stores. Syms acquired Filene's Basement out of bankruptcy protection in the
Updated: 11/03/2011 09:00A
Solyndra execs took bonuses before bankruptcy
Executives at Solyndra Inc. received bonuses as large as $60000 this summer as the failed solar company headed into bankruptcy, the Mercury News reports. Bankruptcy documents show that more than a dozen senior executives received large quarterly
Updated: 11/03/2011 08:58A
This Week in Energy: Range Fuels To Declare Bankruptcy?
Now, reports are coming in that Range Fuels is about to declare bankruptcy. How soon? The only thing we know is that OPIS quoted a source familiar with the situation as saying that they “will likely file for bankruptcy in the near future.
Updated: 11/03/2011 08:56A
MF Global's Road to Failure
Jon Corzine that filed for bankruptcy on Monday, there were a number of warning signs that the company was in deep trouble—but efforts by Corzine and others in the firm to raise its capital were not enough to save it. Multiple regulators and the FBI
Updated: 11/03/2011 08:56A
MF Global Lawyer Says All Funds Are Accounted For (MF)
He told US Bankruptcy judge Martin Glenn in Manhattan "To the best knowledge of management there is no shortfall." MF Global, the holding company for the broker-dealer run by former New Jersey governor and Goldman Sachs Group Inc. (NYSE:GS) co-chairman
Updated: 11/03/2011 08:52A
Syms Corp. (SYMS) and Subsidiary file for Bankruptcy
(NASDAQ: SYMS) and its wholly owned subsidiary, Filene's Basement, filed for bankruptcy protection. Syms, which owns and operates off-price retail stores through its subsidiary, also announced plans to shut down all 46 of its stores.
Updated: 11/03/2011 08:49A
Evergreen Solar asset auction cleared to go forward
Evergreen Solar's Devens facility is set for a bankruptcy auction, but some of the company's intellectual property assets will be withheld from the auction. Most of the assets of bankrupt solar panels company Evergreen Solar Inc. are once again ready
Updated: 11/03/2011 08:44A
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