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MF Global: Fraud, Incompetence, or a Bit of Both?
In the wake of its futures-market-rattling bankruptcy, there is a huge shortage of client funds at MF Global (OTC: MFGLQ). But when we look back at what led to the broker's collapse, one thing is clear: There's no
Updated: 11/22/2011 03:59P
The economic crisis means there are bargains, and pitfalls, in M&A.
John F. Kennedy With the contraction of the capital markets, it has become increasingly difficult for distressed corporate borrowers to refinance their existing debt facilities, recapitalize their businesses, or even obtain the debtor-in-possession
Updated: 11/22/2011 03:53P
Sources: Jefferies Rebuttal Letter a "Delaying Tactic"
Yesterday, embattled investment bank and brokerage firm Jefferies (NYSE: JEF) released a rebuttal letter which addressed the market rumors that have been swirling around the firm in the wake of the MF Global bankruptcy and exposure to
Updated: 11/22/2011 03:52P
Jon Corzine Will Have To Explain Himself At MF Global Hearing
A house hearing on the MF Global bankruptcy has been set for December 15, and Jon Corzine has been called in to testify, Bloomberg reported. The hearing will be conducted with the House Committee on Financial Services. There have been talks of a
Updated: 11/22/2011 03:43P
Open exchange
Lawyers Weekly Staff From left: Asan Kayrullovich Yeskendirov, Sara Jane Shanahan, US Bankruptcy Court Chief Judge Frank J. Bailey, Aygul Dauletovna Zhunusova, Robert J. Muldoon Jr., Samat Nurmukhanovich Zhanuzakov, Adilkhadi Dzumabayevich Shugambayev,
Updated: 11/22/2011 03:42P
Day 3: Inside MF Global's Bankruptcy Hearing
By DEALBOOK In Tuesday's hearing for MF Global's Chapter 11 case, the bankruptcy judge will be considering several options, including the potential appointment of a trustee to oversee the parent company's estate. The judge, Martin Glenn,
Updated: 11/22/2011 03:38P
Moving deck chairs on the Titanic
In the dark days of 2008 and 2009, General Motors' CEO Rick Wagoner infamously said GM could never go into bankruptcy. He refused to put it there because he feared no one would ever buy a new car from a bankrupt car company.
Updated: 11/22/2011 03:37P
MF Global 'disaster' worsens
MF Global's announcement that it was filing for bankruptcy a couple weeks ago has set into motion a string of events that led to the revelation this week that now as much as $1.2 billion of client funds could be lost after the brokerage firm allegedly
Updated: 11/22/2011 03:35P
Liberty Media looks to increase its stake in Sirius XM
John Malone and Liberty Media saved Sirius XM from bankruptcy 2-1/2 years ago. In return for the help at their time of need, which included an infusion of $530 million. Liberty Media got a 40% stake in the satellite radio operator.
Updated: 11/22/2011 03:28P
Power Balance seeks bankruptcy protection amid costly lawsuits over wristbands
The company behind Power Balance bracelets donned by basketball stars and celebrities has filed for bankruptcy protection amid a spate of lawsuits. The Laguna Niguel, Calif.-based company filed for Chapter 11 bankruptcy in federal court in Santa Ana on
Updated: 11/22/2011 03:27P
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