Bankruptcy Blogs

Receiving Wide Coverage ...

Goldman Off the Hook: The Justice Department has decided it will not charge Goldman Sachs (or any of its employees) with financial crimes related to the mortgage crisis. Neither, apparently, will the Securities and Exchange Commission, as Goldman Sachs announced separately the SEC had informed it an investigation into a $1.3 billion subprime mortgage deal had come to an action-less end. The Justice Department said there was not enough evidence to file...

Tribune Co. has put a price tag on the damage that it says would be caused if its exit from Chapter 11 is delayed while unhappy creditors appeal its bankruptcy-exit plan: at least $1.5 billion and perhaps as much as $3 billion. Read the Daily Bankruptcy Review article here.

In bankruptcy, you need to spend money to save money, even if that means spending it on the same management team that steered a business into Chapter 11.

Dewey & LeBoeuf is officially backing out of the (former) U.S.S.R.

Receiving Wide Coverage ...

Squarebucks: One small step for Square may turn out to be a giant step for mobile payments. The start-up has struck a mega-partnership with popular coffee chain Starbucks that could very easily revolutionize the payment space. Starting this fall, Starbucks will begin processing all of its debit and credit card transactions in the U.S. using Square technology. The deal also comes with a $25 million investment that places Starbucks CEO Howard Shultz...