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Luxor Poised to Gain Control of William Lyon in Restructuring
Luxor Capital Group LP is poised to take control of William Lyon Homes after the homebuilder filed a plan with regulators for a prepackaged bankruptcy. Luxor, a New York-based hedge fund,
Updated: 11/17/2011 07:51P
Frank McCourt says he has no intention of leaving LA
The embattled owner, who has run up at least $16 million in legal fees while taking the Dodgers into bankruptcy and contesting what is believed to be the most expensive divorce in California history, says he would like to put an end to his litany of
Updated: 11/17/2011 07:50P
Weil, Gotshal & Manges | Benchmark Litigation Recognizes Weil Gotshal as
A publication of Euromoney/Legal Media Group, the guide focuses exclusively on the leading US law firms and attorneys. The Bankruptcy Litigation practice area was ranked in the top tier nationally. Complex Commercial Litigation, Antitrust,
Updated: 11/17/2011 07:45P
Greek govt readies budget, awaits EU/IMF inspectors
Finance Minister Evangelos Venizelos said last week the 2011 shortfall would be closer to 9 percent, moving the reference for next year and potentially putting a 14.6 billion euro target - an estimated 6.8 percent of GDP - at risk.
Updated: 11/17/2011 07:39P
MF Global Said to Have Shifted Client Funds to Own Brokerage
17 (Bloomberg) -- MF Global Holdings Ltd. moved hundreds of millions of dollars from its futures client accounts to its own securities brokerage in the days before its Oct. 31 bankruptcy, according to a person familiar with the audit of the company.
Updated: 11/17/2011 07:38P
Jefferson County Receiver Says Removal Would Harm Muni Debt
The US Constitution's 10th Amendment, which reserves for the states powers not given the federal government, trumps bankruptcy law, Young said. The receiver's powers are limited by bankruptcy law, which prevents creditors from taking legal action to
Updated: 11/17/2011 07:36P
Kodak hopes to sell online photo-sharing unit: report
Iconic US camera maker Eastman Kodak is seeking to sell its online photo sharing website as the company teeters on the verge of bankruptcy, The Wall Street Journal reported Thursday. AFP - Iconic US camera maker Eastman Kodak is seeking to sell its
Updated: 11/17/2011 07:36P
What you didn't know about Frank Garcia
By FRANK MICKADEIT COLUMNIST / THE ORANGE COUNTY REGISTER On Thursday, the day the fate of the Crystal Cathedral was supposed to be decided in bankruptcy court, I was just a few blocks away from the temple of bling, in a strip mall that no well-endowed
Updated: 11/17/2011 07:35P
Bankrupt hospital seeks backing from Clark County
The Kentuckiana Medical Center needs Clark County government to back $36 million in financing to resolve its bankruptcy, but that backing depends on support from Clark County Memorial Hospital, which is doubtful. “I would prefer not to have another
Updated: 11/17/2011 07:32P
MF Global Trustee to Use 'Whatever Legal Means' to Maximize Estate Assets
The spokesman, Kent Jarrell, made the comment today when asked whether trustee James Giddens might consider “clawing back” money customers took from their accounts before MF Global's bankruptcy. Under bankruptcy law, a trustee can sue to try to recoup
Updated: 11/17/2011 07:32P
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