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Format: 11-26-2014
November 26, 2014
Creditors of failed smartphone screen material supplier GT Advanced Technologies will get a peek at Apple Inc.'s secrets under a protective court order signed yesterday, the Wall Street Journal reported today. Apple is handing over documents and submitting to questions in advance of a planned...
November 26, 2014
U.S. regulators said that Wells Fargo & Co. has convinced them that the financial system would not likely be seriously damaged if the bank were to ever collapse, giving it a passing grade that ratchets up the pressure on other big banks slammed for producing unrealistic bankruptcy plans a few...
November 26, 2014
Aereo Inc., the online TV streaming service brought down by a U.S. Supreme Court ruling that its technology violated copyright, told a bankruptcy judge that there’s plenty of interest in the company’s assets, Bloomberg News reported yesterday. While there is no stalking horse in place to make an...
November 26, 2014
A client note from Moody’s Investors Service says that foreclosure timelines for private-label residential mortgage-backed securities loans backed by properties in California and Nevada, two non-judicial foreclosure states, will remain lengthy over the next year until gradually starting to decline...
November 26, 2014
The former owners of Lake Las Vegas, including two of Texas’ billionaire Bass brothers, paid $115 million last month to quietly settle a long-running lawsuit tied to the luxurious golf community and resort’s collapse into bankruptcy in 2008, the Wall Street Journal reported today. The lawsuit was...
November 26, 2014
Customers of Mt. Gox, once the world’s largest Bitcoin exchange, are closer to getting back at least some of the money they lost this year when it shut down and announced that their funds had gone missing, New York Times DealBook reported today. The bankruptcy trustee for Mt. Gox, which is based in...
November 26, 2014
The Rehabilitation Center of St. Petersburg nursing home in Florida, which filed for bankruptcy earlier this year, can afford to repay all of its debts but still hasn't negotiated a deal with Medicaid regulators who have threatened to stop paying for low-income patients to stay at the facility, Dow...
November 26, 2014
The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings PLC leaked confidential client information to a major hedge fund, the Wall Street Journal reported today. U.S. prosecutors are interviewing HSBC traders about the alleged event, which is believed to have...
November 26, 2014
Philip Falcone is stepping down as chairman and chief executive officer of Harbinger Group Inc., the public holding company in which his hedge fund owns a stake, as Harbinger’s biggest shareholder exerts more control, Bloomberg News reported yesterday. Leucadia National Corp., already the biggest...
November 25, 2014
An attorney for Detroit said that the city is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, Reuters reported yesterday. Heather Lennox, Detroit's attorney with law firm Jones Day, told U.S. Bankruptcy...
November 25, 2014
Three former leaders of defunct law firm Dewey & LeBoeuf accused of falsifying the company's financial results cannot go to trial in January because an insurance company has refused to pay their latest legal bills, their lawyers told a judge on Friday, Reuters reported yesterday. Justice Robert...
November 25, 2014
NII Holdings Inc. yesterday announced a restructuring deal that would put the company in the hands of its bondholders, Dow Jones Daily Bankruptcy Review reported today. The Latin American Nextel Carrier said that the deal has the support of its major creditors, including hedge-fund manager Aurelius...

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