Lawsuits

In fact, the bankruptcy declared in January of Sean Quinn, who had been estimated by Forbes to have been worth $6 billion in 2008, has led to court proceedings in three cities in India. The litigation in Delhi, Hyderabad and Pune arose from an ...

Lawyers for the Fremont, California-based manufacturer are asking U.S. Bankruptcy Judge Mary Walrath in Wilmington ... thus avoiding complex and protracted litigation,” the company’s lawyers said in a June 28 court filing.

The city of Stockton, Calif., filed for Chapter 9 protection, The Wall Street Journal reports.

MF Global is proving to be catnip for distressed-debt buyers, according to a new report showing that more than $246 million of the failed brokerage’s debt changed hands last month. Read the Daily Bankruptcy Review article here.

"Bankruptcy is what you do when you run out of options," Santana ... City officials have said they didn't want to end up in protracted litigation. Joe Nation, a former Democratic legislator and a public policy analyst at Stanford University, said pension ...

A shrinking cash position and mounting liabilities indicate that holders of Patriot Coal Corp.’s convertible bonds would be hard pressed to recover much of their investment in case of a restructuring, credit market watchers say. Read the Daily Bankruptcy Review article here.