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Germany calls for EU bankruptcy mechanism
Germany intends to encourage a change in the fundamental documents and legislation of the European Union to include an orderly mechanism for Euro-zone countries to default reports British media. According to Germany the new concept to reorganize
Updated: 11/18/2011 08:21P
Clearwire's growing financial problems threaten Sprint's 4G plans
A Clearwire default or bankruptcy could do irreparable harm to Sprint's future 4G strategy –- whether the operator admits it or not. In an interview with the Wall Street Journal, Clearwire's new CEO Erik Prusch said the mobile broadband wholesaler is
Updated: 11/18/2011 08:10P
Desmarais Files Proposal Under The Bankruptcy And Insolvency Act
V: News ) said Friday that it has filed with the Office of the Superintendent of Bankruptcy a proposal respecting the restructuring of the company's financial affairs under the Bankruptcy and Insolvency Act (Canada). The proposal sets forth a
Updated: 11/18/2011 08:09P
Jones Walker | Thirteen Jones Walker Attorneys Receive “Lawyer of the Year
Jeffrey R. Barber, named the Litigation—Bankruptcy Lawyer of the Year, Jackson, MS Robert B. Bieck, Jr., named the Litigation – Securities Lawyer of the Year, New Orleans, LA George F. Bloss, III, named the Medical Malpractice Law—Defendants Lawyer of
Updated: 11/18/2011 08:00P
McGuireWoods | Richard Mason and Paul Catanese Publish Article in Insolvency
Partner Richard Mason and associate Paul Catanese wrote an article titled “Strategies for Use of the US Bankruptcy Code by Foreign Insolvency Representatives” that was published in the most recent issue of Insolvency and Restructuring International,
Updated: 11/18/2011 08:00P
Seward & Kissel LLP | Memorandum: Client Update on MF Global
Since our last client update, there have been a number of significant developments in the liquidation proceeding of MF Global Inc. ("MFGI"), under the Securities Investor Protection Act of 1970 ("SIPA"), in the United States Bankruptcy Court for the
Updated: 11/18/2011 08:00P
NHL approves sale of Stars to BC businessman
That came after a US Bankruptcy Court in Delaware approved the deal. A spokesman for Gaglardi said he won't comment on the sale. It's estimated he bid $265 million US for the Stars. Heading into Friday night, Dallas had a record of 11-6-0.
Updated: 11/18/2011 07:55P
Drumm seeks to dismiss legal challenge due to late filing
Ms Dwyer claimed in her August 31st lawsuit against Mr Drumm he failed to disclose numerous property and financial transactions involving his wife. In September, Ms Dwyer issued a lawsuit against Mr Drumm, his wife Lorraine and Anne Marie Greenberg,
Updated: 11/18/2011 07:35P
Greece submits proposal to avert bankruptcy
ATHENS – Greece's new government took a first step yesterday towards meeting the terms of an international bailout needed to avoid bankruptcy, submitting a budget Bill that foresees no new austerity measures next year as long as reforms are enacted.
Updated: 11/18/2011 07:26P
Bankrupt energy firm Beacon Power to sell assets
(AP) - A Massachusetts company that received a $39 million Department of Energy loan before declaring bankruptcy has decided to sell its assets rather than reorganize. An attorney for Beacon Power told a Delaware judge Friday that the company hopes to
Updated: 11/18/2011 07:20P
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