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U.S. Trustee Faults MF Global Customer Committee Proposal
A proposal by broker-dealer MF Global Inc. commodity customers for a committee to represent their interests was opposed by the arm of the Justice Department that oversees bankruptcy cases.
Updated: 11/21/2011 06:37P
Missing MF Global cash tops $1bn
Photo: EPA By Richard Blackden, US business editor James Giddens, the court-appointed trustee overseeing the bankruptcy proceedings in the US, said the "apparent shortfall" could be up to $1.2bn or even higher. His initial estimate was about $600m.
Updated: 11/21/2011 06:32P
Jefferson County Judge May Limit, Won't Oust Sewer Receiver
John S. Young Jr. was responding to questions from US Bankruptcy Judge Thomas B. Bennett, who is holding a hearing in Birmingham to decide whether the county's Chapter 9 filing limits Young's power, including his ability to raise rates.
Updated: 11/21/2011 06:17P
Hearing over sewer control could last until Wednesday
In a hearing in federal bankruptcy court today to determine whether Young's power over the sewer system can remain during Chapter 9 bankruptcy, Young testified the system had and still has a number of challenges. Young says of the 3000 miles of pipe in
Updated: 11/21/2011 06:15P
Trustee for MF Global says $1.2b missing
WASHINGTON The court-appointed trustee overseeing MF Global's bankruptcy says up to $1.2 billion US is missing from customer accounts, double what the firm had reported to regulators last month. The trustee, James Giddens, also said in a statement
Updated: 11/21/2011 06:14P
A federal bankruptcy judge Monday agreed to the hiring of a trustee for the
The new trustee for Southern Montana should be approved by next week, a federal bankruptcy attorney, Dan McKay, said at the hearing. No names of potential trustees were announced. The city of Great Falls was represented at the hearing by two Billings
Updated: 11/21/2011 06:12P
DODGERS: Bankruptcy judge cancels hearing
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 06:11P
Ethics panel faults judge's membership in segregated club
By AP WASHINGTON — A panel of federal judges said last week that a bankruptcy judge's membership in a Nashville, Tenn., country club that has no women or blacks as full-fledged members violates the judiciary's code of ethics. But the panel said it will
Updated: 11/21/2011 06:09P
Municipal Debt: Did My Bonds Go Down The Sewer?
Earlier this month, Jefferson County, Alabama, became the largest issuer in the municipal bond market to file for bankruptcy. Back in 1997 the county tried to upgrade its sewer system. Through losses on interest rate swaps and fraud, the debt burden
Updated: 11/21/2011 05:56P
Dodgers hearing on Fox Sports dispute canceled
A Los Angeles Dodgers bankruptcy court hearing on whether to dismiss the team's bankruptcy filing has been canceled without explanation, according to court documents. Fox Sports, which has a contract to broadcast the team's games through 2013,
Updated: 11/21/2011 05:53P
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