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MF Global Trustee Can Transfer $520 Million to Customers
US Bankruptcy Judge Martin Glenn today approved a request to transfer the funds from James Giddens, the trustee overseeing the liquidation of the brokerage under the Securities Investor Protection Act. The distributions may begin by Nov.
Updated: 11/17/2011 01:14P
Solyndra Funding Mostly Lost to Taxpayers, Chu Tells Lawmakers
17 (Bloomberg) -- Energy Secretary Steven Chu told lawmakers he was responsible for the $535 million US loan guarantee to Solyndra LLC and said he doubted much of the money would be recovered after the company's bankruptcy. Chu, who once predicted the
Updated: 11/17/2011 01:04P
Paulson's Profit On Delphi May Top $400M
Delphi, which filed for bankruptcy six years ago, went public this morning and promptly dropped below its offering price of $22. But that's not matter—or small matter—for Paulson & Co., which may have made more than $400 million on the deal.
Updated: 11/17/2011 01:04P
Wegmans to open at Montgomery Mall
Wegmans Food Markets Inc. has signed a lease with the owner of Montgomery Mall to open a store at a Boscov's that went idle when that department store chain went through bankruptcy several years ago, mall officials said Tuesday.
Updated: 11/17/2011 01:00P
Tanker downturn sends General Maritime to bankruptcy
Nov 17 (Reuters) - General Maritime Corp, a crude oil and refined petroleum products shipper, filed for Chapter 11 bankruptcy protection on Thursday, becoming the latest victim of a downturn triggered by an oversupply of vessels amid weak demand.
Updated: 11/17/2011 01:00P
Jefferies down again as CEO sees better times
Jefferies, the largest publicly traded investment bank left on Wall Street, has been struggling ever since the similarly sized MF Global filed for bankruptcy late last month. Its stock has fallen about 40% amid concerns about its exposure to European
Updated: 11/17/2011 12:57P
FOX seeks delay in Dodgers hearing
Attorneys for FOX Sports are asking a Delaware bankruptcy judge to delay consideration of the Los Angeles Dodgers' plan to sell media rights to future games. Looking for the latest on the Dodgers? Get the schedule, scores, standings and more right here
Updated: 11/17/2011 12:50P
More Bankruptcies Likely as General Maritime Files Chapter 11
Declining to name what companies she anticipates might file for bankruptcy protection, Boyden noted the down economy as well as overabundance of ships that were ordered two years ago across the sector helped to place several companies in a bad spot.
Updated: 11/17/2011 12:48P
Hahn & Hessen Selected as Counsel to Creditors' Committee in the Filene's
Members of the Firm are active in organizations such as the Securities Industry and Financial Markets Association, the Institute of International Bankers, the Turnaround Management Association, the Commercial Finance Association, the American
Updated: 11/17/2011 12:48P
Fox seeks delay in Dodgers bankruptcy hearing in Del.
AP DOVER -- Attorneys for Fox Sports are asking a Delaware bankruptcy judge to delay consideration of the Los Angeles Dodgers' plan to sell media rights to future games. Fox's request to delay a Nov. 30 hearing on the media rights motion is the latest
Updated: 11/17/2011 12:44P
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