Headlines

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Format: 11-22-2014
November 21, 2014
Starting Dec. 1, bankruptcy courts will charge $25 to file a motion seeking to redact information from previously filed papers, the Wall Street Journal reported today. One other new fee will also take effect next month, according to the Administrative Office of the U.S. Courts. The existing $157...
November 21, 2014
Under pressure to show that it is up to the task of regulating giant Wall Street firms, the Federal Reserve issued a surprise announcement yesterday that it would review crucial aspects of its bank supervision, the New York Times reported today. The Fed asked its inspector general to look into...
November 21, 2014
The U.S. Securities and Exchange Commission resolved an impasse over punishing Bank of America Corp. in a mortgage-bond case, clearing the way for the lender to complete a $16.7 billion global settlement, Bloomberg News reported yesterday. In a private meeting earlier this week, SEC commissioners...
November 21, 2014
The Archdiocese of St. Paul and Minneapolis (Minn.) reported a $9.1 million operating deficit for fiscal year 2014 and reiterated Thursday that it's considering filing for bankruptcy because of the potential for more lawsuits by victims of clergy sexual abuse, the St. Paul Pioneer Press reported...
November 21, 2014
Six years after Bernard Madoff’s fraud collapsed, the cost of liquidating his defunct investment advisory firm to repay thousands of victims has topped $1 billion, though the con man’s former customers aren’t footing the bill, Bloomberg News reported today. The fees, paid by the industry-backed...
November 21, 2014
Television streaming service Aereo Inc. filed for bankruptcy protection after a U.S. Supreme Court ruled in June that the company's business model violated copyright laws, Reuters reported today. InterActiveCorp has a 23.30 percent stake, said in a chapter 11 filing yesterday said that it would...
November 21, 2014
A federal judge is threatening to boot Trump Entertainment Resorts Inc. out of chapter 11 protection unless there’s “a firm indication” that the company’s sole casino, the Trump Taj Mahal, is going to stay open, the Wall Street Journal reported today. In a signed order, Judge Kevin Gross, who is...
November 21, 2014
A showdown between the Atlantic City, N.J.'s shuttered Revel Casino Hotel and the bondholders behind its custom-built power plant is threatening to unravel a $110 million deal to sell the boardwalk resort to a Canadian private-equity firm, Dow Jones Daily Bankruptcy Review reported today. According...
November 21, 2014
Columbus (Ohio) Blue Jackets player Jack Johnson has earned more than $18 million during his nine-year NHL career, not including the $5 million he will be paid this season by the Blue Jackets, but he filed for bankruptcy after being crushed by debt, the Columbus Dispatch reported yesterday. Almost...
November 21, 2014
Hutcheson Medical Center’s board of directors voted Wednesday night to file for chapter 11 protection, the Chattanooga Times Free Press reported today. Hutcheson has been unable to repay $20 million it borrowed from Erlanger Health System and is facing a threat of foreclosure. In January, Erlanger...
November 21, 2014
Pension fund managers from the Netherlands to Canada, searching for new ways to invest, lambasted private-equity executives at a conference in Paris this week for charging excessive fees, the Wall Street Journal reported today. Ruulke Bagijn, chief investment officer for private markets at Dutch...
November 20, 2014
Federal Reserve Governor Daniel Tarullo says that new liquidity rules will give regulators just a little time — time they didn’t have during the 2008 meltdown — to assess the financial health of a firm, the Wall Street Journal reported today. Tarullo said that the new rules are necessary because...