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Ultimate Grave Dance? Ruling Could Help Zell Recoup Part of Tribune Investment
The law may offer Mr. Zell some maneuvering room, but the optics on any payout to the real estate tycoon long known as the “grave dancer” would be be ugly. Many, many financial backers of the deal are getting a big haircut; the newspapers and
Updated: 11/09/2011 08:55A
Ally mulls bankruptcy for ResCap unit-WSJ
Nov 8 (Reuters) - Ally Financial Inc, the US auto and mortgage lender, is considering putting its Residential Capital LLC (ResCap) mortgage-lending unit into bankruptcy protection, the Wall Street Journal reported on its website. Law firm Kirkland
Updated: 11/09/2011 08:42A
Pressure mounts on Greece to name new crisis PM
ATHENS — Calls for Greece's top two parties to quickly name a unity government grew on Wednesday after power-sharing talks dragged into a third day with the country in political limbo and facing imminent bankruptcy. The country's central banker said it
Updated: 11/09/2011 08:30A
10-Q: VERMILLION, INC.
On March 30, 2009, we filed for relief under the Chapter 11 of the Bankruptcy Code. We emerged from bankruptcy protection on January 22, 2010, pursuant to the terms of a January 5, 2010 order entered by the Bankruptcy court approving our Second Amended
Updated: 11/09/2011 08:28A
Greece waits for new PM amid party bickering
talks between Greece's two main political parties entered their second day Tuesday, as European leaders stepped up the pressure for a quick resolution by holding back a vital rescue loan that the country needs to prevent a devastating bankruptcy.
Updated: 11/09/2011 08:18A
Nightmare For MF Global Customers: They Really Might Not Get Their Money Back
After MF Global filed for bankruptcy it was revealed the broker-dealer was missing $600 million. At first it was reported the missing funds were in an account at JPMorgan. However, JPMorgan denied those claims. The latest clue to finding the
Updated: 11/09/2011 08:15A
Jefferson County Officials to Meet on Bankruptcy Plan Today
9 (Bloomberg) -- Jefferson County commissioners will meet today in Birmingham, Alabama, to consider a record municipal bankruptcy because of sewer-system debt they can no longer afford. The officials will convene at 1 pm local time, Commissioner Joe
Updated: 11/09/2011 08:09A
Assets frozen in Greek bank embezzlement probe: source
The assets of more than 30 executives of small Greek Proton Bank, rescued from bankruptcy last month, will be frozen under an embezzlement probe, a justice source said on Wednesday. The block on bank accounts, safe-deposit boxes and shares has been
Updated: 11/09/2011 08:07A
Greek leaders struggle to agree on
Greek political leaders were scrambling on Wednesday to agree on new prime minister to lead the country back from the brink of bankruptcy, after a plan to name a former European Central Bank official appeared to
Updated: 11/09/2011 07:53A
Bankruptcies Drop for First Time in 6 Years
Good news for the US economy has surfaced in the nation's bankruptcy courts, where filings are down for the first time since 2005. Individuals and businesses collectively filed 1467221 bankruptcy cases in fiscal year 2011, down 8% from 2010's total of
Updated: 11/09/2011 07:39A
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