Liquidation

Madoff Trustee Sues Standard Chartered Financial Services - Bloomberg

04/26/12

SA to recoup about $329.7 million allegedly received from the so-called feeder fund Fairfield Sentry Ltd. Irving Picard, the trustee, filed the suit today in U.S. Bankruptcy Court in Manhattan to recover what he called “customer property ...

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Former Congressional candidate Hudak files for bankruptcy - The Business Journal

04/26/12

Hudak Jr. — a fiscal conservative whose campaign website includes a national debt ticker — filed Thursday under Chapter 7 of the federal bankruptcy code. The Boxford, Mass., resident unsuccessfully challenged incumbent Democrat John Tierney ...

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Former Congressional candidate Hudak files for bankruptcy - The Business Journal

04/26/12

Hudak Jr. — a fiscal conservative whose campaign website includes a national debt ticker — filed Thursday under Chapter 7 of the federal bankruptcy code. The Boxford, Mass., resident unsuccessfully challenged incumbent Democrat John Tierney ...

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What does a US Airways-American Airlines merger do for passengers? - msnbc.com

04/26/12

There’s certainly been no shortage of merger talk, especially after American’s parent company, AMR Corp., posted a $1.7-billion loss during the ... will have more to do with American’s post-bankruptcy viability and regulatory approval ...

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Chrysler Reports Strong Results - New York Times

04/26/12

The profit, the largest in any quarter since the carmaker’s 2009 bankruptcy, was more than quadruple that ... It said free cash flow in the first quarter was $1.7 billion, which is already more than its target for all of 2012.

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Chrysler reports best quarterly net earnings in 13 years as bankruptcy memory fades - Washington Post

04/26/12

DETROIT — Chrysler followed its strong first-quarter sales with a big profit, sending its 2009 brush with financial death farther into the rearview mirror. The Auburn Hills, Mich., company made a net profit of $473 million, its best quarter in ...

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US Airways says AMR merger would reap $1.2 billion in synergies - Syracuse Post-Standard

04/25/12

Parker briefed analysts on his company's potential takeover bid of American Airlines' parent company, which filed for bankruptcy in November, just days after American's three major unions voiced support for the rival. "We are eager to demonstrate to the ...

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NewPage Creditors Get Extra Time To Look Into $1.7B LBO - site.law360.com

04/25/12

Law360, Wilmington (April 25, 2012, 8:08 PM ET) -- A Delaware bankruptcy judge on Wednesday granted NewPage Corp.’s unsecured creditors a few more weeks to complete their investigation of the company's $1.7 billion leveraged buyout of another paper ...

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Maclaren Bankruptcy Trustee Demands Answers - Wall Street Journal

04/25/12

When Maclaren USA entered bankruptcy in December, its Chapter 7 filing made for a lot more questions about what the company was doing in bankruptcy than it provided answers—questions that have remained largely unanswered since. Why did sales ...

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Onion Company’s President Cries Out Against Lender - Wall Street Journal

04/25/12

Larson said that he “would not voluntarily convert to Chapter 7 and that he was not willing to do a ‘f—ing’ thing to help,” a federal bankruptcy watchdog wrote in a court filing after discussing the situation with one of the company’s lenders.

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