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Concentrated Leadership: A Risk at MF Global and Other Major Companies
That's the big lesson that can be learned from the ongoing fiasco at MF Global, the bankrupt investment fund that was driven into bankruptcy on bad bets made by the company's cavalier CEO, who made a name for himself heading Goldman Sachs and later
Updated: 11/16/2011 01:07P
DelShah Capital Makes First Foray Into Williamsburg With Mortgage Note Acquisition
“A great asset in a good location, mired in creditor litigation, neglect and a messy bankruptcy. We are parallel tracking to resolve the litigation and positioning the asset to fully unlock its value.” Added Shah, “The tenants are looking for a quick
Updated: 11/16/2011 01:06P
BUCKHEAD: MF Buckhead files for bankruptcy
Reached Wednesday, Kinjo said he did not want to comment on the bankruptcy filing. Kinjo founded MF Sushibar with his brother Chris Kinjo and went on to add MF Buckhead to the market in 2007. MF stands for "magic fingers," a nickname Chef Chris Kinjo
Updated: 11/16/2011 01:05P
Debt statistics: UK personal debt figures fall
It is unclear why the number of people declaring themselves bankrupt has reduced so dramatically particularly as it is arguable that the bankruptcy process is the most lenient in Europe. One of the key factors which may be affecting the figures is the
Updated: 11/16/2011 01:01P
American Air Pilots' Union Rejects Latest Contract Offer
Union leaders for American Airlines pilots rejected the latest contract offer from American parent AMR Corp. but said they remain "ready and willing" to resume stalled negotiations that are seen as vital for AMR to avoid bankruptcy.
Updated: 11/16/2011 01:01P
MF Global proceedings test multiple insolvency statutes
On October 31, the MF Global enterprise collapsed into bankruptcy and a number of related insolvency proceedings. Amid allegations of improper commingling of customer accounts and rumors of misbegotten proprietary Eurobond trades, two unregulated
Updated: 11/16/2011 01:00P
Papademos govt wins confidence vote
Greek interim Prime Minister Lucas Papademos has made a fresh call for party leaders to sign up to the terms of the of 130 billion bailout deal the country needs to avert bankruptcy. Greece's new coalition government, led by Prime Minister Lucas
Updated: 11/16/2011 12:58P
Trailer Bridge trucker files for Chapter 11
Trailer Bridge, an integrated trucking and marine freight carrier based in Jacksonville, Florida, has filed for Chapter 11 bankruptcy on Wednesday, a day after its $82.5m of 9.25% senior secured notes matured... The rest of this article is available to
Updated: 11/16/2011 12:53P
Some MFGI customers left out in cold
Since many participants complained that, among other things, customers who had closed out positions prior to the bankruptcy filing (or at the time had no positions) had all their money in cash or cash equivalents that was completely frozen.
Updated: 11/16/2011 12:51P
County officials regroup after election
In the past, Horner had indicated that Barry County 911 could face bankruptcy due to a decrease in sales tax revenues and a costly lawsuit. At this time, bankruptcy is not an option for the operations center. "The lawsuit is on appeal, and until it is
Updated: 11/16/2011 12:50P
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