Headlines
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May 23, 2013
The chairman of the U.S. derivatives regulator made a questionable call when he chose to distance himself from probing the demise of futures broker MF Global, the agency's internal watchdog said in a report released on Tuesday, Reuters reported yesterday. The findings by the inspector general of...
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May 23, 2013
U.S. District Judge Andrew Carter ruled yesterday that Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, Reuters reported yesterday. Judge Carter said that it would be unfair to other creditors of the former...
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May 23, 2013
The city of South Miami, Fla., defrauded investors by not disclosing problems with the tax-exempt status of two bond deals, U.S. securities regulators said yesterday in their second municipal bond fraud-enforcement action this month, Reuters reported yesterday. The U.S. Securities and Exchange...
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May 23, 2013
Pennsylvania's debt-laden capital city will have a new mayor next year, but he could have a limited role in sorting out the pressing financial problems that dragged Harrisburg to the brink of bankruptcy after an unprecedented takeover by the state, the Associated Press reported yesterday. Following...
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May 23, 2013
Diamond McCarthy's litigation shop has been hired by Dewey & LeBoeuf's liquidation trustee, Alan Jacobs, to pursue claims against former partners from the now-defunct firm, according to court filings made this week, Am Law Daily reported today. The role is a familiar one for Diamond McCarthy,...
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May 23, 2013
UBS AG was ordered to face a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for telling supervisors he was being pressured to publish misleading reports, Bloomberg News reported yesterday. U.S. District Judge Jesse Furman rejected the Swiss...
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May 23, 2013
TPO Hess Holdings Inc., a printer of commercial and educational materials, filed for bankruptcy protection from creditors, citing a slump in the industry and the global economic downturn, Bloomberg News reported today. The Kent, Ohio-based company, formerly known as Hess Print Solutions, today...
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May 23, 2013
Video game maker Atari Inc. is seeking court approval for the sale of all its assets as it works its way out of bankruptcy protection, Reuters reported yesterday. The company said on Tuesday that it tried looking for a buyer with the help of its investment banker Perella Weinberg Partners, but was...
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May 23, 2013
Japan's Elpida Memory Inc. asked a bankruptcy court yesterday to enforce its reorganization plan sale to Micron Technologies Inc., a final step to creating the world's second-largest maker of memory chips, Reuters reported yesterday. Boise, Idaho-based Micron has been losing money as the market for...
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May 23, 2013
A team including former General Motors Co. executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half ago, Reuters reported yesterday. VL Automotive, a venture between Lutz...
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May 23, 2013
LyondellBasell Industries NV's board has raised the plastics and chemicals company's quarterly dividend by 25 percent and approved the repurchase of up to 10 percent of its stock over the next 12 months, moves expected to increase shareholder return, Dow Jones Daily Bankruptcy Review reported today...
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May 23, 2013
AMF Bowling Worldwide Inc. and Ahern Rentals Inc. are prime examples of the frothy market where junk-bond investors are fearless in the face of risk, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their video. Rochelle says that more "covenant-lite"...
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Most Recent Bankruptcy Brief Newsletters
| Brief |
Date |
|---|---|
| ABI Launches Redesigned and improved ABI Update | February 25, 2003 |
| ABI Forwards New Proposal to Hill | February 28, 2003 |
| House Hearing Today Begins Next Round On Reform Effort | March 4, 2003 |
| Judiciary Committee Holds Bankruptcy Reform Hearing | March 6, 2003 |
| House Sets Full Committee Markup for Tomorrow; Hearing Testimony Available Online | March 11, 2003 |