News Topic: Beyond Bankruptcy

A court in The Hague has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government’s seizure of the company, The Wall Street Journal reports . ... Read full article

Nortel Networks Corp .’s U.S. division said Thursday it has reached a deal with bondholders owed nearly $4 billion to cap the interest they can collect at $1.01 billion. Read the Daily Bankruptcy Review story via The Wall Street Journal. ... Read full article

Republic of Texas Brands Inc. , which exited Chapter 11 bankruptcy protection earlier this month, is blazing a new trail in Texas. ... Read full article

Energy Future Holdings Corp. is terminating the restructuring support agreement it brought with it when it filed for Chapter 11 bankruptcy in April and making plans for an auction, according to a Thursday filing with the Securities and Exchange ... Read full article

A customer orders food at the Union Station location of Sbarro in Washington, D.C., in March. Alex Wong/Getty Images The family of ... Read full article

Reuters Two former Dewey & LeBoeuf LLP executives have settled a civil suit brought by the defunct firm’s bankruptcy trustee to recover nearly $22 million, according to a Tuesday court filing. ... Read full article

Four years after emerging from bankruptcy, CLEAR , a biometric identification service that allows customers to zip through security screenings, is preparing to open fast lanes in new airports across the country. According to CLEAR President and Chief ... Read full article

Detroit pension holders approved the bankrupt city’s debt-cutting plan, which will dent their future benefits, The Wall Street Journal reports . ... Read full article

The collapse of Corinthian Colleges Inc. is raising questions about the Obama administration’s aggressive handling of one of the country’s largest for-profit education companies, which was hemorrhaging money before regulators cut off its federal funding. ... Read full article

Energy Future Holdings Corp. on Monday unveiled changes to a $1.9 billion bankruptcy loan, including improvements in its fees and terms, that the Texas power company hopes will garner it court approval over opposition on multiple fronts. The Wall Street ... Read full article

On Tuesday in Manhattan, a judge will consider approving nearly $400 million in fees and expenses for the professionals who worked on the American Airlines bankruptcy. The amounts were recommended by fee examiner Robert Keach, a former American Bankruptcy ... Read full article

Five entities with a stake in land where the ambitious Las Vegas W hotel was supposed to be built filed for bankruptcy in Nevada on Wednesday. Read the Daily Bankruptcy Review article here . ... Read full article

Thirty men who were sexually abused decades ago as children at two Catholic schools in the Seattle area will split about $12.1 million from the Archdiocese of Seattle, which owned the schools. Read the Daily Bankruptcy Review article here . ... Read full article

Nortel Networks Corp.'s warring creditors are headed into a July showdown over a $1.6 billion question that creditors outside the U.S. said could be the key to a fast payday in the long running international insolvency. The Wall Street Journal has ... Read full article

Momentive Performance Materials Inc. will likely revise its restructuring plan outline after a federal bankruptcy watchdog called it “woefully inadequate.” Read the Daily Bankruptcy Review article here . ... Read full article

Time & Life Pictures/Getty Image The U.S. Supreme Court ruled that certain money inherited from individual retirement accounts can be taken by creditors to cover the debts of people in bankruptcy proceedings. ... Read full article

Energy Future Holdings Corp. launched a crucial hearing on financing its $42 billion bankruptcy by announcing it had reached an accord with some key critics and by winning final approval of a $4.475 billion loan. The Wall Street Journal has the Daily ... Read full article

General Motors Chief Executive Mary Barra spoke Thursday to provide an update on GM’s internal investigation into the ignition switch recall at the General Motors ... Read full article