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Madoff Trustee Reaches Deal With IRS Over $326 Million Payments
The agreement is subject to bankruptcy court approval, Kates said. The settlement payment is for eventual distribution customers with valid claims, according to the filing. The case is Securities Investor Protection Corp. v.
Updated: 11/23/2011 12:39A
MF Global Customers Missing $1.2 Billion 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: 11/23/2011 12:39A
Commodity Customer Coalition forms to reclaim MF Global funds
We're talking about getting just one pleading before the (bankruptcy) court costing $25000 or $50000. Koutoulas, who is also an attorney, tapped his legal connections, including ones with Northwestern University Law School and was able to cobble
Updated: 11/23/2011 12:35A
Former Tribune Co. boss to receive $675000 settlement
The company will also cover $50000 in Michaels' legal fees, according to a document filed Tuesday in US Bankruptcy Court in Delaware. Michaels, who resigned under pressure in the wake of multiple news reports alleging he had created a sexually charged
Updated: 11/23/2011 12:35A
Bankruptcy judge asks ex-MF Global CEO Jon Corzine to testify before Congress
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: 11/23/2011 12:35A
Dynegy, Vitro, Chef Solutions, Xanadoo, Lehman: Bankruptcy
2 to dismiss the bankruptcies in addition to a previously filed motion for an examiner to conduct an investigation. Creditors filing the dismissal motion on Nov. 18 included Resources Capital Management Corp. and Roseton OL LLC.
Updated: 11/23/2011 12:31A
Express, priority mail prices rising
By: JournalNow Staff AP The cash-strapped post office is raising rates for its more profitable express mail and priority mail shipping next year, part of its efforts to stave off bankruptcy. The new prices, which take effect Jan.
Updated: 11/23/2011 12:27A
Harrisburg May Get Receiver Even If Bankruptcy Judge Tosses City Petition
Since then, Mayor Linda D. Thompson, Corbett and creditors have asked Frances to dismiss the bankruptcy petition, which was filed under Chapter 9 of the US Bankruptcy Code. If the bankruptcy is thrown out, the city will lose protection from creditor
Updated: 11/23/2011 12:19A
Europe Set to Declare Bankruptcy in Early 2012?
Panic is spreading says Steen Jakobsen, chief economist at Saxo Bank. Steen eyes the perfect storm including a potential "Chapter 11" call for European banks. This morning there is too much bad news. US Super Committee failed to find the 1.2 trillion
Updated: 11/23/2011 12:15A
Point Blank vs. Payback
People say the re-makes are ruining cinema, contributing to the creative bankruptcy of Western Culture, and are generally no good. We tend to agree. But we also know that there are certain films which are successfully,
Updated: 11/23/2011 12:10A
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