Current Affairs

Master P Sued, No Money, Mo' Problems

09/05/11

"A bunch of people who worked for Master P on his 2003 movie "Uncle P" claim the former rap mogul wasn't bout it, bout it when it came to pay day -- and now they want their cash ... more...

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Owner of Waikiki Edition hotel files Ch. 11 bankruptcy

09/02/11

"The owner of The Waikiki Edition Hotel filed for Chapter 11 bankruptcy on Wednesday as executives from Bethesda-based Marriott International Inc. waited to take back management of the hotel. M Waikiki LLC said the filing would allow the company, which...

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Solyndra Shuts Down, Files for Bankruptcy

09/01/11

"An alternative energy company in Alameda County that was paid a visit last year by President Obama is closing up shop. Solyndra is shutting down its Fremont operation and is planning to file for bankruptcy, according to a statement from...

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Controversial attorney Gleason apologizes to judge

08/23/11

"Hollywood attorney Kevin Gleason, who called a judge’s opinions 'half baked' and delivered a bottle of wine to the judge’s office, made a limited public apology in court Thursday for his actions." Read more here.

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GM says bankruptcy excuses it from Impala repairs

08/23/11

"General Motors Co (GM.N) is seeking to dismiss a lawsuit over a suspension problem on more than 400,000 Chevrolet Impalas from the 2007 and 2008 model years, saying it should not be responsible for repairs because the flaw predated its...

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Indicted Ex-Fry’s Exec, Now Bankrupt, Owes Tens of Millions to Casinos

08/22/11

"An ex-Fry’s executive indicted on a charge of allegedly trying to shake down the electronics store’s vendors to support a lavish lifestyle has filed for bankruptcy, listing nearly $137 million in debt, much of it to Vegas casinos." Read more...

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Harry & David cleared to emerge from bankruptcy

08/15/11

"Harry & David Holdings Inc won tentative court approval for its reorganization plan on Thursday, clearing the way for the gift basket maker to emerge from bankruptcy under the control of senior noteholders. U.S. Bankruptcy Judge Mary Walrath, at a...

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Evergreen Solar files for bankruptcy, plans asset sale

08/15/11

"Evergreen Solar Inc. has filed for bankruptcy, the cash-strapped Marlboro company disclosed in a regulatory filing today. Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months." Read...

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Lehman, Barzel, Harry & David, Hooters Casino: Bankruptcy

08/12/11

Bloomberg Businessweek weekly bankruptcy roundup: Read it here.

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For Bank of America, Countrywide Bankruptcy Is Still an Option

08/11/11

"The real issue around Bank of America is not whether it survives, but whether it sacrifices Countrywide to save itself. More specifically, will Bank of America put Countrywide into bankruptcy? And will this stem the bleeding? The Countrywide acquisition will...

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