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Eight Buyers Acquire Properties After RPM Bankruptcy
This was a Chapter 11 bankruptcy proceeding, and the stores were sold in a 363 bankruptcy process free and clear of all liens. All were fee properties and were sold without supply or branding agreements. All but three of the stores were in Alabama,
Updated: 11/22/2011 11:34A
Assigning claims from a bankrupt's estate: costs risks and how to avoid them
The recent Court of Appeal case of Hunt v Harb(1) has highlighted that care must be taken by trustees in bankruptcy when assigning claims in the bankrupt's estate. The case concerned a trustee in bankruptcy who assigned a claim to a third party on
Updated: 11/22/2011 11:33A
Unexplained cancellation halts lawsuit between Fox, Dodgers
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: 11/22/2011 11:31A
Greek workers to hold general strike
Samaras has long opposed many aspects of Greece's austerity program, including that of taxation. He has advocated cutting taxes instead of increasing them, saying this would help stimulate growth to pull the country out of recession.
Updated: 11/22/2011 11:29A
Missing MF Global Funds Could Top $1.2B, Trustee Says
The court-appointed trustee overseeing MF Global's bankruptcy says up to $1.2 billion is missing from customer accounts -- or double what the firm had reported to regulators last month. The revelation by James Giddens, who is overseeing the unwinding
Updated: 11/22/2011 11:26A
Farm belt rage over MF Global could chill markets
With billions of their dollars locked up by MF Global's Oct. 31 bankruptcy filing, they are a key voice in determining if and when the futures business regains its poise and reputation. ``I have no confidence in the market, because it could happen at
Updated: 11/22/2011 11:16A
MF Global is not the first Corzine trading scandal
Shady disclosure and accounting practices kept buyers from discovering the details of their investments, and kept details of the sales hidden from regulators. Nicholas Maier, who was syndicate manager of the Wall Street firm Cramer & Co. from 1996 to
Updated: 11/22/2011 11:06A
MF Global trustee doubles estimate of fund shortfall
Hours after the statement, the bankrupt MF Global parent filed court papers along with JPMorgan Chase & Co, one of its key lenders, seeking the rare appointment of a separate trustee to take over the company's assets in bankruptcy.
Updated: 11/22/2011 11:00A
'The Muppets'
Well ... do the words "It's time to play the music / It's time to light the lights" mean anything to you? For old-school Muppet fans, "The Muppets" is a little bittersweet, as the faces are the same but the voices different: Muppet creator Jim Henson,
Updated: 11/22/2011 10:57A
PowerBalance Scam Lawsuit Forces Company Into Bankrupcy
After admitting that their PowerBalance bracelets are worthless pieces of plastic in Australia, the company has officially filed for Chapter 11 bankruptcy protection in the United States following a class action suit filed in a Los Angeles' federal
Updated: 11/22/2011 10:54A
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