Current Affairs

"The Dallas Stars hockey team won court approval of its bankruptcy reorganization, clearing the way for the team to be sold for $265 million to Vancouver businessman Tom Gaglardi. U.S. Bankruptcy Judge Peter Walsh approved the plan at a hearing...

"General Maritime Corp., the second- largest U.S. owner of oil tankers, filed for bankruptcy protection from creditors after falling oil demand and a surplus of ships led to two years of losses. The New York-based company listed assets of $1.71...

"John Moorlach, who became treasurer of Orange County, California, after it filed the biggest municipal bankruptcy in U.S. history in 1994, has some advice for the new record-holder, Jefferson County, Alabama. 'What they might be able to learn from us...

"A Minnesota-based investment firm has taken over two northwestern Indiana casinos owned by a company going through bankruptcy reorganization. The Indiana Gaming Commission on Thursday approved the transfer of licenses for the Majestic Star Casinos in Gary to Wayzata Investment...

"The trustee seeking money for Bernard Madoff's victims has increased the size of his lawsuit against family members of the imprisoned Ponzi schemer to $226.4 million. Irving Picard, the trustee, in an amended complaint, said the Madoffs were 'completely derelict'...