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Sale of Hostess's Twinkies, Ding Dongs, Wonder Brands Approved
March 20, 2013Source: ReutersA Bankruptcy Court has approved the acquisition of Twinkies, Ding Dongs, and Wonder Bread by several companies in Hostess's bankruptcy. Apollo Global Management and...
View ArticleResCap, DOJ Butt Heads Over Insider Bonuses
April 5, 2013Source: ReutersThink any watchdog is going to appreciate obscene bonuses for executives of bankrupt companies? Think again! The U.S. Department of Justice is calling into question $3.3...
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Ambac Settles with IRS, with Eye Toward Bankruptcy Exit
April 10, 2013Source: ReutersAmbac Financial Group Inc, once the second-largest US bond insurer, has found a way to resolve a $101.9 million dispute with the Internal Revenue Service. Such a...
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Court OKs Lehman Settlements to Free Up $15 Billion for Customers
April 19, 2013Source: ReutersLehman trustee James Giddens' job just got a little bit easier with a Bankruptcy Judge approving settlements that will allow Lehman Brothers to pay back nearly $15 billion...
View ArticleWill Politics or Law Govern Upcoming Ruling on GM Creditor Case?
Will Politics or Law Govern Upcoming Ruling on GM Creditor Case?Mark Modica© National Legal and Policy CenterOriginally Published at National Legal and Policy CenterRepublished with Permission from the...
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Pinnacle to Fly Exclusively for Delta Upon Leaving Bankruptcy
April 21, 2013Source: Commercial AppealJust over a year after Pinnacle Airlines Corp filed for bankruptcy, Judge Gerber has approved a Chapter 11 reorganization that will see Pinnacle become "a wholly...
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Judge says Gift Card Claims Against Borders are "Equitably Moot"
May 24, 2013Source: ReutersWhat happens if you have a gift card, but the company goes out of business before you get a chance to use it? In the case of Borders bookstores, a Manhattan judge has ruled...
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Justice Department Opposes AMR's $20 Mln Severance for CEO Horton
May 26, 2013Source: ReutersWhile American Airlines filed its exit plan over a month ago, the U.S. Justice Department has asked a judge to oppose a $20 million severance package for AMR's former CEO...
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Grading U.S. Bankruptcy Watchdogs
May 29, 2013Source: Wall Street JournalWhile U.S. Bankruptcy Trustees are supposed to monitor bankruptcies, they themselves are not immune from being critiqued for efficiency. Read This Article....
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U.S. Bankruptcy Court OKs $93 Mln Pact Between Getty, Lukoil
July 29, 2013Source: ReutersA court in Manhattan has approved a $93 million deal between Russian Lukoil and Getty Petroleum Marketing Inc. Read This Article. Tags: Chapter 11Courts: Southern District...
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