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BofA, Distressed-Debt Bettor Look to Trade in MF Claims
In separate filings with the US Bankruptcy Court in Manhattan, the two parties asked a judge if they can trade MF Global securities—including stocks, notes, and derivatives—without violating their fiduciary duties as members of the bankrupt company's
Updated: 11/15/2011 01:50P
Gerald Celente loses gold futures account to MF Global theft
In an interview with Russia Today (RT) on November 14th, economist and trends forecaster Gerald Celente became the newest victim of the MF Global bankruptcy when his gold futures account was taken by trustees, and he was hit with a margin call within
Updated: 11/15/2011 01:50P
Sawyer Enterprises wins okay to exit bankruptcy protection
The W Hotel deal was with Pebblebrook Hotel Trust, a real estate investment trust based in Bethesda, Md. At the time of its April 2010 bankruptcy filing, Sawyer's biggest unsecured creditors included Bovis Lend Lease ; The 100 Stuart St. Residential
Updated: 11/15/2011 01:47P
Lynn Tilton buys Hussey Copper in bankruptcy sale
Nov 15 (Reuters) - Private equity investor Lynn Tilton bought Hussey Copper Corp for about $107.8 million through a bankruptcy auction, a sale adviser said on Tuesday. Tilton's Patriarch Partners outbid four others in Monday's nine-hour auction,
Updated: 11/15/2011 01:46P
Fitch: American Airlines bankruptcy more likely without a pilot contract
Fitch Ratings said Tuesday that a "lack of progress" in contract talks between American Airlines and its pilot union "raises the risk that American Airlines will be forced into a Chapter 11 bankruptcy filing." The ratings service said it "sees
Updated: 11/15/2011 01:35P
Chat live about Jefferson County bankruptcy, William Bell's Magic City Classic
This and other topics -- lavish spending on entertainment by Mayor William Bell at the Magic City Classic, revising the state's ugly immigration law and President Barack Obama's criticism of the law, or anything else -- can be discussed during a live
Updated: 11/15/2011 01:33P
Greece Venizelos: Must Do Everything Necessary To Avoid Bankruptcy
"The question of whether we have avoided bankruptcy or not must receive a positive answer but to answer that we must do everything that's required immediately, now...in order to receive the EU8 billion tranche before December 15.
Updated: 11/15/2011 01:32P
Bay Club developer files for bankruptcy
Mattapoisett — An auction for 35 lots at the Bay Club was postponed after the developer filed for bankruptcy 15 minutes before the event. Abbott Homes, a Boston-based developer, purchased the 22 acres for $2.45 million in 2007 with the intention of
Updated: 11/15/2011 01:30P
Dynegy Misses
Also the ongoing chapter 11 bankruptcy proceedings fuel apprehensions about the company. Thus we retain a short-term Zacks #3 Rank (Hold) on the company. Presently we have a long-term Neutral recommendation on the stock. Last week, business units of
Updated: 11/15/2011 01:30P
SIPC trustee provides updates on prospective claims process
The Securities Investor Protection Act ("SIPA") requires the Trustee to run a claims process, subject to Bankruptcy Court approval, where customers file claims with the Trustee. Counsel for the Trustee stated that the Trustee is working on an expedited
Updated: 11/15/2011 01:29P
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