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Receiver John S. Young says sewer system had $100 million net in fiscal 2011
Young is testifying at a hearing in US Bankruptcy Court in Birmingham at a hearing. County commissioners want his authority curbed as the court-appointed supervisor of the sewer system, now that the county has filed for Chapter 9 bankruptcy protection.
Updated: 11/21/2011 03:05P
Power Balance May Face $57M Settlement, Bankruptcy Looming?
The NBA lockout is dragging on with no end in sight, and now there are reports that recent lawsuits against Power Balance may force the Orange County based business to file for bankruptcy. TMZ has learned from sources with knowledge of the situation
Updated: 11/21/2011 03:00P
Rampage movie rights optioned by New Line Cinema
In a move that emphasizes Hollywood's creative bankruptcy, New Line Cinema has seen fit to option the film rights to Rampage, the monster-smashing arcade hit from Midway Games. Fans of the 1980's classic will no
Updated: 11/21/2011 03:00P
Bankruptcy judge cancels hearing on Fox motion to delay arguments on Dodgers
A Delaware bankruptcy judge has canceled a hearing on a request by Fox Sports to delay consideration of the Los Angeles Dodgers' plan to sell media rights to future games. The judge was to hear arguments Tuesday on whether to postpone a Nov.
Updated: 11/21/2011 02:52P
Dodgers media hearing canceled
A Delaware bankruptcy judge has canceled a hearing on a request by Fox Sports to delay consideration of the Los Angeles Dodgers' plan to sell media rights to future games. For more news, notes and analysis of the Dodgers, check out Dodger Thoughts from
Updated: 11/21/2011 02:50P
Dodgers bankruptcy hearing called off
DOVER, Delaware — A hearing scheduled for Tuesday on the Los Angeles Dodgers' plan to escape bankruptcy by selling telecast rights to future games was cancelled on Monday by a Delaware bankruptcy judge. The hearing was set to consider a Fox Sports
Updated: 11/21/2011 02:50P
Attorney sanction not excessive, rules Bankruptcy Appellate Panel
By Tom Egan Dolan Newswires A US Bankruptcy Court did not abuse its discretion in imposing sanctions in the amount of $9000 against a debtor's attorney for violating Bankruptcy Rule 9011 by advancing arguments not warranted by fact or law,
Updated: 11/21/2011 02:49P
MF Global trustee: $1.2B missing from accounts
(Mario Tama/Getty Images) WASHINGTON - The court-appointed trustee overseeing MF Global's bankruptcy says up to $1.2 billion is missing from customer accounts, double what the firm had reported to regulators last month. The trustee, James Giddens,
Updated: 11/21/2011 02:48P
CBS 3 Springfield - WSHMDodgers bankruptcy judge cancels hearing
(AP) - A Delaware bankruptcy judge has canceled a hearing on a request by Fox Sports to delay consideration of the Los Angeles Dodgers' plan to sell media rights to future games. The judge was to hear arguments Tuesday on whether to postpone a Nov.
Updated: 11/21/2011 02:47P
Receiver says Ala. county sewer systems poorly run
Attorneys for the county argue it would be a violation of federal bankruptcy law for Young to continue his duties. The county's creditors argue Young was appointed by a state judge and county officials lack expertise to save the system.
Updated: 11/21/2011 02:44P
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