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Judge agrees to hiring of trustee to run bankrupt Southern Montana Electric
A federal bankruptcy judge Monday agreed to the hiring of a trustee for the bankrupt Southern Montana Electric Generation & Transmission Cooperative. At a hearing Monday morning in Billings, Judge Ralph B. Kirscher also said he will approve several
Updated: 11/21/2011 05:50P
Factbox: MF Global trustee breaks down the money trail
PK customer accounts may be missing as much as $1.2 billion, double what was estimated three weeks ago, the trustee overseeing the broker's bankruptcy said on Monday. After weeks of mounting pressure over the piecemeal distribution of client funds,
Updated: 11/21/2011 05:50P
Chain Operating Report for Nov. 23
Updates in this chain operating report include a new fast-casual concept, the approval of one company's bankruptcy restructuring, acquisition news and more. BRIO Tuscan Grille, a BRAVO | BRIO Restaurant Group (NASDAQ:BBRG) concept, opened a restaurant
Updated: 11/21/2011 05:47P
Trustee in MF Global case says US$1.2B in customers' money missing
WASHINGTON - The court-appointed trustee overseeing MF Global's bankruptcy says up to US$1.2 billion is missing from customer accounts, double what the firm had reported to regulators last month.
Updated: 11/21/2011 05:46P
113 primates on the way to Texas
The US Bankruptcy Court for the Western District of Texas approved Monday the animals' transfer to the Born Free USA Primate Sanctuary in Dilley, 75 miles south of San Antonio. It will take at least three months to complete the transfer,
Updated: 11/21/2011 05:45P
Adelphia Recovery Trust Announces That It Is Seeking Court Approval To Extend
21, 2011 /PRNewswire via COMTEX/ -- The Adelphia Recovery Trust ("ART") announced today that it has filed a motion with the United States Bankruptcy Court for the Southern District of New York seeking approval to extend the term of the ART through
Updated: 11/21/2011 05:39P
MF Global Missing Money May Double, Exceed $1.2 Billion
The parent, MF Global Holdings Inc., filed for bankruptcy to apportion returns to creditors. Giddens has so far brought $3.7 billion under his control, all of which has come from the former US depositories of MF Global Inc., according to his statement.
Updated: 11/21/2011 05:37P
City Council bankruptcy attorney has issues with appointed receiver
Mark Schwartz, the majority of City Council's Bankruptcy Attorney, has filed an objection with the court. On Friday we reported that Unkovic has worked with at least three firms that have direct connections to city creditors. Since the main objection
Updated: 11/21/2011 05:33P
Mediator will try to resolve dispute between Fox Sports and Dodgers over media
A Delaware bankruptcy judge has appointed a mediator to try to resolve a dispute between Fox Sports and the Los Angeles Dodgers over the ball club's plan to sell media rights to future games. The judge entered an order Monday appointing the mediator
Updated: 11/21/2011 05:28P
Iridium Changes the Game
It reminds me of how Microsoft owns the platform on which most all computers, software and hardware providers compete. In effect, most of the developers for personal computers are indirectly working for Microsoft. We may not always like the result,
Updated: 11/21/2011 05:25P
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