News Topic: New Cases

Spencer Platt/Getty Images Idled school buses are viewed at the Atlantic Express Transportation Crop. ... Read full article

Golf retailer Edwin Watts Golf Shops LLC filed for bankruptcy with assets and debts each between $100 million and $500 million, Reuters reports . ... Read full article

Read more about Brazilian oil company OGX Petroleo e Gas Participacoes SA ’s descent into bankruptcy protection in The Wall Street Journal . ... Read full article

PricewaterhouseCoopers LLP is asking a federal judge to trim back the Federal Deposit Insurance Corp.’s $1 billion lawsuit that alleges the accounting firm failed to catch the massive fraud that brought down Colonial Bank, in one of the largest bank ... Read full article

Creditors of Lehman Brothers Holdings Inc.’s Australian unit have approved a $48 million settlement with a group of insurers over claims the investment bank misled a group of towns, charities and churches into buying risky securities backed by U.S. ... Read full article

LightSquared lost $55.5 million in September, bringing the wireless satellite company’s losses since filing for bankruptcy to more than $934 million. Read the Daily Bankruptcy Review article here . ... Read full article

Mayra Beltran/Associated Press Michael Glyn Brown, 54, waits for his trial to begin on Tuesday, Sept. ... Read full article

The holding company for trendy Los Angeles nightclub Exchange LA has filed for Chapter 11 bankruptcy as it fights the city of Los Angeles and its embattled landlord to keep the party pumping at its historic venue. ... Read full article

This week on The Broke and the Beautiful, jeweler Harry Winston sued ad agency Lipman, which has filed for bankruptcy. Also, the Clinton Foundation returned fraud money, and rapper DMX spoke to Dr. Phil. ... Read full article

Canadian oil and gas company Lone Pine Resources Inc. said Wednesday it has launched bankruptcy proceedings in Canada and filed for Chapter 15 bankruptcy protection in the U.S. in a bid to slash its debt load. Read the Daily Bankruptcy Review article here ... Read full article

A Dallas mint that makes commemorative coins and “alternative” money for people who are wary of the U.S. dollar has run into problems with its own finances. The 25-worker Mulligan Mint Inc.—which has the power to create a “ complementary currency system ... Read full article

Gravity , whose computer animation and digital effects appear in Ford and Got Milk? ads, filed for Chapter 11 protection Tuesday to avoid eviction from its Madison Avenue office. ... Read full article

Greg Gilbert/Associated Press In this June 9, 2011, file photo, Heidi Bray, of Olympia, Wash. ... Read full article

Associated Press/Jim Lukoski In this May 12, 1984 file photo, subway commuters point to a poster sporting a caricature of a nearly nude Walter Mondale that promotes the curre ... Read full article

City Homes Inc. , which rents more than 300 Baltimore apartment units to low-income tenants and faces a wave of lead paint lawsuits, filed for Chapter 11 protection. ... Read full article

Furniture Brands International Inc., one of the largest furniture manufacturers in the U.S., filed for bankruptcy Monday with a deal to sell its assets to investment firm Oaktree Capital Management for $166 million. Read the Daily Bankruptcy Review ... Read full article

This week on The Broke and the Beautiful, Alex Rodriguez’s troubles pushed the producer of a new cartoon into bankruptcy. Also, Warren Sapp’s shoes were finally sold and the former Versace mansion is about to hit the auction block. ... Read full article

Fortress Investment Group LLC’s GateHouse Media Inc., which will be taking over management of the former Dow Jones Local Media Group publications, plans to restructure its $1.2 billion debt load through a prepackaged Chapter 11 bankruptcy filing. Read the ... Read full article