News

5 more men file sex abuse claims against order from Chicago-area high schools - Chicago Sun-Times

07/30/12

Five more men have filed claims in bankruptcy court alleging they were sexually abused as boys while attending Catholic schools operated by the Irish Christian Brothers, according to a Chicago law firm that’s representing the men. The firm — Hurley ...

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Creditors, bankrupt Alabama county in talks - Reuters

07/30/12

(Reuters) - Alabama's Jefferson County and Wall Street creditors are finally in talks on possible workout terms eight months after the biggest U.S. municipal bankruptcy was filed for $4.23 billion, lawyers said on Monday. In Chapter 9 bankruptcy ...

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Power Players Line up Ahead of Kodak Patent Sale - Wall Street Journal

07/30/12

Kodak has put up for sale some 1,100 patents, the most valuable of which relate to digital-photo technology. The company, which earlier this year filed for bankruptcy protection in Manhattan, is hoping that the proceeds of the sale help vault it ...

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Chrysler swings to $436-million profit in second quarter - Los Angeles Times

07/30/12

Since exiting bankruptcy protection, it has rolled out a revamped Jeep Grand Cherokee, a highly profitable vehicle whose sales rose almost 40% in the first half of the year. The company also is making money on minivans and Ram pickups ...

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Solyndra Bankruptcy: Solar Panel Company Won't Pay Back Most Of Its $527 Million Government Loan - Huffington Post

07/30/12

Solyndra, the solar panel company that famously filed for bankruptcy last September, will only be paying back about $24 million of the $527 million loaned to it by the U.S. government, according to Dow Jones reports. The company will also repay ...

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Solyndra Bankruptcy: Solar Panel Company Won't Pay Back Most Of Its $527 Million Government Loan - Huffington Post

07/30/12

Solyndra, the solar panel company that famously filed for bankruptcy last September, will only be paying back about $24 million of the $527 million loaned to it by the U.S. government, according to Dow Jones reports. The company will also repay ...

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Boxer Floyd Mayweather files $61 million claim in local bankruptcy case - Dothan Eagle

07/30/12

Professional boxer Floyd Mayweather, Jr. has filed a claim of more than $61 million in the bankruptcy case of the company associated with Country Crossing and Center Stage. Mayweather’s claim was filed July 2 in U.S. Bankruptcy Court in the ...

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Otologics files for bankruptcy - The Business Journal

07/30/12

Otologics LLC, a medical device company with St. Louis ties, has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Otologics makes middle ear hearing implants based on Dr. John Fredrickson’s research into improving hearing ...

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Monday is deadline for bids on Eastman Kodak digital patents - USA Today

07/30/12

Kodak is counting on the sale of digital imaging-related patents to pay off the lenders keeping it afloat during its Chapter 11 bankruptcy. A firm hired by Kodak put a potential price tag on the patents of $2.4 billion. Ken Luskin of Intrinsic ...

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Sibling of ‘Sideways’ Winery Files for Chapter 11 - Wall Street Journal

07/30/12

The winery, owned by Richard Sanford, dubbed the father of Santa Barbara Pinot Noir and the first to plant the vine there, filed for Chapter 11 bankruptcy Friday. The company claimed between $1 million and $10 million in assets and the same ...

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