Lawsuits

New ruling may affect Cedar Funding distributions - Contra Costa Times

04/03/12

The bankruptcy liquidation remains snarled in litigation, and the trustee has said the best many investors could hope to recover is a few cents on the dollar. many of the fractional investors, said two other pending cases involve the same issue ...

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New ruling may affect Cedar Funding distributions - Santa Cruz Sentinel

04/03/12

The bankruptcy liquidation remains snarled in litigation, and the trustee has said the best many investors could hope to recover is a few cents on the dollar. many of the fractional investors, said two other pending cases involve the same issue ...

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Judge rejects proposed Bujak bankruptcy settlement - NWCN

04/03/12

The Idaho Press-Tribune reports Judge Jim Pappas denied the deal Tuesday, saying litigation would be in the best interest of creditors owed money in the bankruptcy. Bujak resigned in September 2010 amid allegations that he mishandled money from ...

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Huntington on hook for $72M in alleged Ponzi scheme, Michigan judge rules - The Business Journal

04/03/12

who will conduct an independent review of the factual findings and legal conclusions of the bankruptcy court,” she said. “Given this matter is part of ongoing litigation, we cannot provide further comment at this time.” Adrian Burns covers ...

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Judge: Litigation against county in best interest of Bujak creditors - Idaho Press-Tribune

04/03/12

Pappas said the settlement is not in the best interest of the unsecured creditors, or those owed money to, in the bankruptcy. He said it would be in the creditors best interest to proceed with the litigation against the county. Last July the ...

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The Daily Docket: Reddy Ice Considers Bankruptcy

04/03/12

Reddy Ice Holdings Inc. is considering seeking bankruptcy protection in a prearranged deal with lenders and other stakeholders as it continues to incur losses, the company said in a regulatory filing. Read the Daily Bankruptcy Review article here.

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Attorneys Share Insights on Licensing Issues in Bio Pharma/Life Sciences - Yahoo Finance

04/03/12

Outside of bankruptcy, a creditor may seek to avoid these transactions ... LeClairRyan provides business counsel and client representation in corporate law and litigation. In this role, the firm applies its knowledge, insight and skill ...

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Complaint filed in Madoff case seeks $35M from Overture groups, but litigation called flawed - madison

04/02/12

But Overture officials are confident a complaint filed in U.S. Bankruptcy Court's Southern District of New York on March 22 won't succeed or affect the arts center's operations. Overture officials said the litigation is flawed because a time limit has ...

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Complaint filed in Madoff case seeks $35M from Overture groups, but litigation called flawed - madison

04/02/12

But Overture officials are confident a complaint filed in U.S. Bankruptcy Court's Southern District of New York on March 22 won't succeed or affect the arts center's operations. Overture officials said the litigation is flawed because a time limit has ...

[more]

Understanding the Dip in Class-Action Securities Settlements - New York Times

04/02/12

For example, while Lehman Brothers never restated its financials, the bankruptcy examiner’s report made clear that the company’s accounting practices misrepresented its financial condition. The litigation arising out of the misconduct at the ...

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