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State moving ahead with Harrisburg takeover as council, mayor disagree over
By ERIC VERONIKIS, The Patriot-News Harrisburg City Council is doubling down on its effort for federal bankruptcy protection, hoping its petition trumps the state's takeover of Harrisburg. If council is wrong, a receiver appointed by the state will
Updated: 11/15/2011 12:55A
MF Global Faces Ex-Workers' Lawsuits Over Wages and Benefits
15 (Bloomberg) -- MF Global Holdings Ltd. and its broker-dealer face at least three lawsuits from former employees who said they were terminated without cause and seek to recover 60 days' wages and benefits. Todd Thielmann and Pierre-Yvan Desparois
Updated: 11/15/2011 12:46A
Delphi retirees seek pensions (video)
Retirees are claiming, in both government and courtrooms, that the Pension Benefit Guaranty Corp. improperly terminated their pensions in late July 2009 as part of the Obama administration-led bankruptcy of automaker and former Delphi parent General
Updated: 11/15/2011 12:40A
Judge delays decision on Crystal Cathedral until Thursday
A bankruptcy judge on Monday delayed a decision as to who would be the buyer of the Crystal Cathedral after Chapman University offered $1-a-month rent for the property's core buildings. Judge Robert Kwan is giving the Crystal Cathedral board two days
Updated: 11/15/2011 12:40A
Bankrupt A&P Proposes Reorganization Based on Yucaipa Financing
15 (Bloomberg) -- Great Atlantic & Pacific Tea Co., relying on financing from an investor group that includes Ron Burkle's Yucaipa Cos, proposed a bankruptcy plan to exit court protection. A&P, as the supermarket company is known, won court approval
Updated: 11/15/2011 12:38A
University sweetens offer for Crystal Cathedral; judge delays final decision
LOS ANGELES — Chapman University sweetened its offer for the Crystal Cathedral campus on Monday, prompting a bankruptcy court judge to delay a final decision on the fate of the renowned
Updated: 11/15/2011 12:37A
Harrisburg misses deadline for bankruptcy plan
By Mark Shade HARRISBURG, PA., Nov 14 (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
Updated: 11/15/2011 12:37A
State Reps. Weigh in on Bankruptcy
Some of them questioned whether the state legislature should have done more to prevent the Chapter 9 bankruptcy filing. Now that it's happened others want to know if lawmakers plan to take action or if they even can. Republican State Representative
Updated: 11/15/2011 12:32A
Jefferson County Bankruptcy Judge Known for 'Rule-From-the-Bench' Style
Thomas B. Bennett, the Birmingham, Alabama-based judge overseeing the biggest US municipal bankruptcy, comes to court ready to rule, said attorneys who have appeared before him in his 16 years on the
Updated: 11/15/2011 12:32A
Timing questions emerge on MF Global customer cash shortfall
trustee trying to find the missing money, according to the Journal. MF Global could not immediately be reached for comment by Reuters outside regular US business hours. (Reporting by Sakthi Prasad in Bangalore; Editing by Muralikumar Anantharaman)
Updated: 11/15/2011 12:30A
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