Bankruptcy Blogs

Nortel $7.3 Billion Cash Settlement: To Be Continued

01/18/13
Associated Press

Efforts to broker a deal to divide up Nortel ’s

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Schilling’s Bloody Sock: Grossest Thing Ever Sold Because of Bankruptcy?

01/18/13
Associated Press
Curt Schilling in May 2012

Ladies and gentlemen, the winner and neeeewwwwwww champion of smelliest and most disgusting thing ever auctio

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The Daily Docket: Judge Holds Off on Approving Hawker Deal With PBGC

01/18/13

A judge on Thursday held off approving a deal between Hawker Beechcraft Inc . and Pension Benefit Guaranty Corp. to scrap two underfunded Hawker pension plans, saying some pension recipients negatively affected by the proposal haven’t been properly notified. Read the Daily Bankruptcy Review article here.

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GSE Reform Needn't Wait for Congress

01/18/13

Real GSE reform could take years. That's too bad, but in the meantime, the FHFA can start to redesign the securitization process - and phase out redundancies between Fannie and Freddie.

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Bank Earnings Rorschach; Geithner Postscript

01/18/13

Breaking News This Morning ... Earnings: SunTrust, Morgan Stanley, General Electric Receiving Wide Coverage ... Earnings Rorschach: Headlines foregrounded the relentless barrage of legal costs at Bank of America and Citigroup after their quarterly reports yesterday - "Citi and BofA fail to dispel concerns" in FT and "Mortgage Crisis Lingers On at Citigroup and Bank of America" in the Times. The Journal contrasted the pair's results with midsize banks like BB&T and Fifth Third: "a regionally diverse group...

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Author: Rothstein’s Success ‘Just Didn’t Seem Right’

01/17/13

It was seemingly overnight that a larger-than-life personality made a splash on the South Florida social scene, showing off his luxury cars, tailored suits and trophy wife as well as dropping big bucks on multiple charities and sports sponsorships.

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Watch Out for Shareholder Suits Spawned by CFPB Settlements

01/17/13

Piggyback litigation often follows regulatory actions, and the laws under the CFPB's jurisdiction all but invite follow-on private lawsuits. A huge number of companies may be exposed.

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State Laws Set Low Bar for Risk Governance

01/17/13

Shareholders, Congress and federal banking regulators are demanding greater accountability from executives and boards for risk management lapses. States ought to rise with the tide.

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Banking Safety Net Makes Wall Street Dangerous

01/17/13

Strip nonbank broker-dealers of their ties to the banking system, and the market will demand stronger capital and safer asset growth from these firms, making their failures less systemically dangerous.

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The Daily Docket: Tribune to Drop Suits Against Many Executives

01/17/13

Just out of bankruptcy, Tribune Co. intends to drop the bulk of some 170 lawsuits that targeted senior media executives who cashed in on the going-private deal that ruined the company’s finances. Read the Daily Bankruptcy Review article here.

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