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Workers sue over brokerage mass firing
Fallout from MF Global Holdings Ltd's bankruptcy intensified as a US regulator subpoenaed a bank that held some of its customers' money, while some of the 1066 workers fired from the futures brokerage last week filed three lawsuits over their sudden
Updated: 11/15/2011 01:25A
Elliott Seeks to Trade MF Global Claims From Behind Firewall
14 (Bloomberg) -- MF Global Holdings Ltd. creditor Elliott Management Corp. is seeking approval to trade claims against the bankrupt company after establishing a screening wall, according to a bankruptcy court filing. The screening wall would isolate
Updated: 11/15/2011 01:24A
Jefferson County Judge Known for 'Rule-From-the-Bench' Style
He doesn't like to put off decisions or allow cases to be delayed, said attorney Buddy Oldshue, a shareholder in charge of the bankruptcy and creditors' rights section of the law firm Rosen Harwood PA in Tuscaloosa, Alabama. “Judge Bennett doesn't have
Updated: 11/15/2011 01:24A
Chapman University sweetens offer for Crystal Cathedral campus
The school's latest proposal involving rental of core buildings prompts a bankruptcy court judge to delay a final decision on the fate of the renowned Orange County ministry. Chapman University sweetened its offer for the Crystal Cathedral campus,
Updated: 11/15/2011 01:22A
Jefferson County GO Warrants Also Dicey
Municipal bankruptcy law treats the various classes of debt differently, influencing default risk and potential losses, according to Moody's senior analyst Christopher Coviello. “The risks to GO bondholders are greater now than prior to the filing
Updated: 11/15/2011 01:16A
Miami company files for bankruptcy
An influx of product liability lawsuits prompted an Ottawa County based company that specialized in gas cans to file bankruptcy, the company's attorney said Monday. Blitz USA/F3 Brands in Miami, OK, filed for Chapter 11 bankruptcy on Nov. 9th.
Updated: 11/15/2011 01:10A
Corzine earnings at Goldman could invite yet more lawsuits
Corzine and other senior executives likely share a liability insurance policy to cover potential lawsuits against them. But experts say potential damages sought could well exceed the limits of their policy. Corporate bankruptcy is a "litigation
Updated: 11/15/2011 01:09A
Harrisburg misses deadline for bankruptcy plan (Reuters)
HARRISBURG, Pennsylvania (Reuters) – The capital of Pennsylvania will let the state or a federal bankruptcy judge determine how it will get out of $318 million in debt after missing the last deadline on Monday to come up with a solution of its own.
Updated: 11/15/2011 01:04A
Hattiesburg club calmer after shootings, closure
After the March closing, owner William D. Norris filed Chapter 11 bankruptcy and the jurisdiction for the then-pending injunction hearing on the club shifted to the US Bankruptcy Court in the Northern District of Mississippi. Bankruptcy Judge David W.
Updated: 11/15/2011 01:04A
Crystal Cathedral hearing: Decision delayed until Thursday
A bankruptcy court judge gave the cathedral's board two days to convene and discuss Chapman's University's proposal to offer core church buildings at $1 a month. 50% off! 1 session ticket (2 games) to an NCAA Division I Basketball Tournament for $10 By
Updated: 11/15/2011 12:59A
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