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Lessons In Harrisburg's Decline
City and state officials will meet in court today to determine whether Harrisburg's fiscal future will be the rock or the hard place — bankruptcy or state receivership. A decade ago, Harrisburg was on the upswing, booming with new restaurants,
Updated: 11/22/2011 07:16P
Corzine called to Congress on bankrupt MF Global
The hearing will focus on the decisions and events that led to the collapse of the brokerage firm, the effectiveness of its regulators, and the impact of its bankruptcy on customers. MF Global collapsed after making a disastrous bet on European debt.
Updated: 11/22/2011 07:14P
Tribune pays ex-CEO Randy Michaels $675K to settle bonus dispute
He claims he was "terminated without cause" and therefore entitled to $900000 of his management incentive bonus for the 10 months of the year he worked there, according to a court document filed Tuesday with the US Bankruptcy Court in Delaware.
Updated: 11/22/2011 07:09P
Power Balance files for bankruptcy after retracting health claims
Power Balance, the Laguna Niguel company behind the silicone bracelets favored by athletes such as Shaquille O'Neal, has filed for Chapter 11 bankruptcy. The company has suffered a net loss of more than $9 million in the 10 months ending in October
Updated: 11/22/2011 07:09P
CME Group Increases MF Global Customer Guarantee Payment to $550 Million
“While the final accounting of customer segregated assets and claims will occur in the bankruptcy process, CME Group is confident that reports of significantly larger shortfalls are incorrect,” the company said. The shortfall in MF Global Inc.'s US
Updated: 11/22/2011 07:06P
Corzine called to testify on MF Global collapse
A House Financial Services subcommittee has scheduled a hearing for December 15 to examine the events leading up to the firm's October 31 bankruptcy filing, regulatory oversight of the firm, and the impact of the bankruptcy on its customers,
Updated: 11/22/2011 07:06P
Sullivan Hill attorney to moderate Bankruptcy Forum event Dec. 13
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Updated: 11/22/2011 07:01P
MF Global to get new oversight as Congress probes
customers and commodities customers of MF Global Inc. He declined to approve the creation of an official committee of commodities customers, saying he lacked authority under bankruptcy law, but urged Giddens to keep those customers in the loop.
Updated: 11/22/2011 07:00P
MF Customers Denied Court Committee
Glenn said there were no legal precedents that would let a bankruptcy court grant the official committee. “Nobody in the legislative history of this country thought about a case like this,” Lewis Kruger, a lawyer for a group of customers, argued before
Updated: 11/22/2011 06:58P
MFGI trustee secures $1.3 billion more, stands by $1.2 billion shortfall estimate
November 22, 2011 – New York, New York – James W. Giddens, the Trustee for the liquidation of MF Global Inc., is pleased that US Bankruptcy Judge Martin Glenn today approved the Trustee's request for approval of a claims process for former customers of
Updated: 11/22/2011 06:54P
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