Beyond Bankruptcy

The Daily Docket: Lehman Seeks to Subpoena Geithner

02/17/12

Lehman Brothers Holdings Inc. and its creditors said they want to subpoena Treasury Secretary Timothy Geithner over allegations J.P. Morgan Chase & Co. illegally siphoned billions of dollars from the collapsing investment bank before it filed for bankruptcy. Read the Daily Bankruptcy Review article here.

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Ex-Naval Ship Workers Sue Over Asbestos Claims

02/15/12

Several people seeking compensation for diseases and death due to asbestos exposure on U.S. naval ships say those responsible for issuing payment are unfairly discriminating against them because they aren’t U.S. citizens.

The allegations form the basis for a newly filed lawsuit related to the 1982 bankruptcy of Johns Manville Corp., a manufacturer of building products that used Chapter 11 to resolve a wave of litigation by people claiming to have become ill from the asbestos in its products.

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The Daily Docket: Missing MF Global Customer Money Totals $1.6B

02/13/12

The trustee supervising the liquidation of MF Global Holdings’ brokerage on Friday said that more than $1.6 billion in customer cash remains out of his grasp, more than previously estimated. Read the Daily Bankruptcy Review article here.

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Whoomp! Who Owns It?

02/08/12

The question of who owns “Whoomp! (There It Is),” a song that anyone who attended a sporting event in the ’90s is all too familiar with, will go to trial this August after a decade of litigation and a related bankruptcy.

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The Daily Docket: Saab to Enter Chapter 11

02/08/12

Saab Cars North America said it will file for Chapter 11 protection in Michigan, a move that comes a little more than a week after some of its dealerships sought to push the Swedish auto maker’s U.S. unit into bankruptcy proceedings in Delaware. Read the Daily Bankruptcy Review article here.

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Home Sales Go On Despite Spanish Peaks Bankruptcy

02/07/12

Spanish Peaks’ ongoing bankruptcy isn’t stopping the sale of luxury homes at the exclusive ski-and-golf community nestled among Montana’s mountains and bordering Yellowstone National Park.

Three homes in the Big Sky, Mont., community will go up for auction next month, according to Concierge Auctions LLC, as will a home in nearby Yellowstone Club.

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The Daily Docket: A&P Confirmation Hearing Begins

02/07/12

Great Atlantic & Pacific Tea Co. on Monday laboriously moved closer to final approval of its plan to exit what has been an equally laborious bankruptcy, with the company continuing to satisfy objections and a judge beginning to overrule others. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Global Aviation Enters Bankruptcy

02/06/12

Global Aviation Holdings Inc., which says it is the largest commercial provider of airlift transport services for the U.S. military, filed for Chapter 11 bankruptcy protection Sunday. Read the Daily Bankruptcy Review article here.

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The Daily Docket: JeffCo to Make Smaller Bondholder Payments

01/23/12

Empowered by a recent court ruling, Jefferson County, Ala., leaders are planning to wield their bankruptcy case privileges to squeeze sewer system bondholders who—for nearly half a decade—have squeezed them. Read the Daily Bankruptcy Review article here.

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New Year’s Resolution Undoings, on the House

01/20/12

By Joseph Checkler and Rachel Feintzeig

Associated Press

Ready to break your 2012 resolutions? Friendly’s and American Airlines can help.

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