News Topic: Chapter 9

A judge ruled that Detroit was eligible for Chapter 9 bankruptcy protection, The Wall Street Journal reports . Several former Dewey & LeBoeuf LLP partners face lawsuits demanding nearly $10 million, part of a continuing quest to recover the tens of ... Read full article

Lehman Brothers Holdings Inc.’s estate wants to sell its 20% stake in hedge fund D.E. Shaw Group, The Wall Street Journal reports . ... Read full article

Flash-storage vendor OCZ Technology Group is headed for a Jan. 13 bankruptcy auction, with Toshiba Corp. in the role of lead bidder with an offer of $35 million. Read the DBR Small Cap article here . ... Read full article

Experts are saying a bankruptcy judge will decide on Detroit’s bankruptcy eligibility Tuesday, The Wall Street Journal reports . ... Read full article

LightSquared is urging a judge not to toss its lawsuit against Dish Network Corp. and its chairman, Charlie Ergen, over Mr. Ergen’s purchases of LightSquared debt, saying a “reasonable inference” can be made that the trades were illegally made on behalf ... Read full article

Bill Pugliano/Getty Images Sharon Levine, lead attorney for the American Federation of State, County, and Municipal Employees (AFSCME), speaks to the media following a hearing. ... Read full article

Reuters A vacant, boarded up house is seen in the once thriving Brush Park neighborhood with the downtown Detroit skyline behind it in Detroit in March 2013. ... Read full article

Reuters A manhole cover bears the logo/design of Jefferson County, Alabama in this August 9, 2011, file photo. A bankruptcy judge cleared Jefferson Count ... Read full article

Reuters A manhole cover bears the logo/design of Jefferson County, Alabama in this August 9, 2011, file photo. A bankruptcy judge cleared Jefferson Count ... Read full article

European Pressphoto Agency A chartered North American Airlines Boeing 767 on the tarmac at the Mumbai airport, in Mumbai, India. ... Read full article

Spanish appliance maker Fagor Electrodomesticos filed for bankruptcy protection Wednesday, The Wall Street Journal reports . ... Read full article

Carlos Osorio/Associated Press A view of the city of Detroit from midtown. Municipal bond insurers are accusing Detroit of illegally spending certain tax ... Read full article

Spanish appliance maker Fagor Electrodomesticos filed for bankruptcy protection Wednesday, The Wall Street Journal reports . ... Read full article

The Chapter 9 bankruptcy case of Stockton, California has come to an unexpectedly quick and consensual resolution . The outcome here, which will see the city’s pension obligations maintained, is particularly surprising given the vehement opposition of ... Read full article

European Pressphoto Agency A chartered North American Airlines Boeing 767 on the tarmac at the Mumbai airport, in Mumbai, India. ... Read full article

Carlos Osorio/Associated Press A view of the city of Detroit from midtown. Municipal bond insurers are accusing Detroit of illegally spending certain tax ... Read full article

Getty Images The team winding down what is left of Lehman Brothers Holdings Inc. ... Read full article

Simply Wheelz LLC, which does business as Advantage Rent A Car, filed for Chapter 11 protection Tuesday, months after its spinoff from Hertz Corp. Read the Daily Bankruptcy Review article here . ... Read full article