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Former MF Global employees sue over lack of notice before firings
Monday's lawsuit filed with the US bankruptcy court in Manhattan said MF Global failed to provide 60 days written notice of the terminations, as required under federal and New York state labor law. It seeks class-action status on behalf of all affected
Updated: 11/16/2011 01:46A

MF Global trustee moves to return $520 million in client (NEWS.GNOM.ES)
ES) – The trustee overseeing the bankruptcy of MF Global filed on Tuesday for permission to release 60 percent of the near $900 million in client cash that has been frozen at the commodity brokerage for more than two weeks.
Updated: 11/16/2011 01:27A

SME Bankruptcy Case: Temporary Order Issued
By KFBB News Team A new development tonight involving the SME bankruptcy proceedings, a federal bankruptcy judge has issued a temporary order in the case. This order requires utilities providing power to Southern Montana Electric Generation and
Updated: 11/16/2011 01:25A

US Postal Service has lost $5.1b in the past year
AP Washington: The US Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail
Updated: 11/16/2011 01:25A

Postmaster General begs Congress for relief as losses mount
WASHINGTON -- The US Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use
Updated: 11/16/2011 01:22A

Assured Reflects on Bankruptcies
“It was our understanding that they made the decision not to write any new insurance as a result of Jefferson County filing for bankruptcy,” he said. Assured has been active in Alabama, insuring $864.8 million of municipal bonds in 85 transactions so
Updated: 11/16/2011 01:16A

I have just 11169 in the bank, says Sean Quinn
The astonishing claims are contained in Mr Quinn's bankruptcy petition filed at the High Court in Belfast last week. But Anglo Irish Bank has alleged in actions in several countries that the Quinn family has been involved in a conspiracy to move up to
Updated: 11/16/2011 01:12A

Timing proved crucial for city bonds
Funderburk said the bonds were sold before Jefferson County, Ala., declared bankruptcy and the nation's only remaining bond insurance company stopped insuring municipal bonds in Alabama. Jefferson County became the largest municipal bankruptcy in US
Updated: 11/16/2011 01:07A

Briefs: Postal Service loses $5B despite job cuts, closings
30 came despite deep cuts of more than 130000 jobs in recent years and the closing of some smaller local post offices. Losses will accelerate in the coming year, Postmaster General Patrick Donahoe warned, citing faster-than-expected declines in
Updated: 11/16/2011 01:07A

Officials: Jefferson Co. bankruptcy shouldn't negatively affect St. Clair
Jefferson County announced it would file for Chapter 9 bankruptcy, the largest municipal bankruptcy in US history, a day later. “The bond we sold … was the last bond they sold before they bankrupted,” Patterson said. “When they (Jefferson County)
Updated: 11/16/2011 01:03A

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