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Alabama County Votes to Declare Biggest Municipal Bankruptcy
9 (Bloomberg) -- Jefferson County, Alabama, commissioners voted 4-1 to file the largest US municipal bankruptcy after reaching an impasse over concessions with holders of $3.14 billion of bonds. JPMorgan Chase & Co., which arranged most of the debt to
Updated: 11/09/2011 07:31P
Friendship Tossed in MF Global Storm
MF Global filed for bankruptcy a few hours later, unleashing a wave of recriminations, customer complaints and a federal probe into the funds that appeared to be missing. For Mr. Flowers, who became famous on Wall Street for his lucrative takeover and
Updated: 11/09/2011 07:30P
FOX Carolina 21AL county files for largest municipal bankruptcy
(AP) - Leaders of Alabama's most populous county have filed an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. Soon after Jefferson County Commissioners on Wednesday voted to declare bankruptcy over sewer and other debt
Updated: 11/09/2011 07:29P
AL county files for largest municipal bankruptcy (AP)
Leaders of Alabama's most populous county have filed an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. Soon after Jefferson County Commissioners on Wednesday voted to declare bankruptcy over sewer and other debt,
Updated: 11/09/2011 07:25P
KCTV 5AL county files for largest municipal bankruptcy
(AP) - Leaders of Alabama's most populous county have filed an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. Soon after Jefferson County Commissioners on Wednesday voted to declare bankruptcy over sewer and other debt
Updated: 11/09/2011 07:24P
Alabama county to file for largest municipal bankruptcy in US history
Jefferson County, Alabama, commissioners voted 4-1 to file the largest US municipal bankruptcy after reaching an impasse over concessions with holders of $3.14 billion of bonds. JPMorgan Chase & Co., which arranged most of the debt to fund a sewer
Updated: 11/09/2011 07:24P
Alabama's Largest County Files For Bankruptcy
Leaders of Alabama's most populous county have voted to file an estimated $4.1 billion bankruptcy, the largest municipal bankruptcy in US history. The Birmingham News reports the Jefferson County Commission's action came after spending about six hours
Updated: 11/09/2011 07:22P
Federal Penn state probe...Global market jitters...Alabama county bankruptcy
(AP) — Leaders of Alabama's most populous county have voted to declare an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. Jefferson County has a $3.14 billion sewer debt. GAINESVILLE, Ga. (AP) — Four suspected members
Updated: 11/09/2011 07:21P
Lehman to sell stake in Neuberger Berman
The preferred shares would bring in about $845 million immediately, with more value trickling in from common shares over the next five to seven years, according to the filing in US Bankruptcy Court in Manhattan. The plan is set for an approval hearing
Updated: 11/09/2011 07:21P
Jefferson County, Ala., Files Largest Municipal Bankruptcy
Jefferson County, Ala., which contains the city of Birmingham, filed for bankruptcy on Wednesday after suffering for three years from the collapse of a sewer bond refinancing. It is poised to be the largest municipal or county bankruptcy in US history,
Updated: 11/09/2011 07:20P
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