News

New Trustee Named in Peregrine Bankruptcy - Wall Street Journal

07/11/12

... named a new trustee in Peregrine Financial Group Inc.'s bankruptcy case. Ira Bodenstein of the Chicago law firm Shaw Gussis Fishman Glantz Wolfson & Towbin LLC said he has accepted the appointment. He now is in charge of unwinding the Cedar Falls ...

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Parkville contractor sentenced to prison in fraud case - Kansas City Star

07/11/12

A federal judge sentenced a 47-year-old Parkville building contractor to two years in prison Wednesday for concealing assets in his bankruptcy case. Armando Diaz pleaded guilty to bankruptcy fraud in August 2011. He admitted fraudulently ...

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UPDATE: San Bernardino city attorney alleges financial documents may have been falsified - Inland Valley Daily Bulletin

07/11/12

Penman said he could not give additional information, including which agencies he had given the evidence, because of the pending bankruptcy. "I think as city attorney, when we have litigation pending -- and bankruptcy is a form of litigation ...

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Solar bankruptcies: Why Colorado’s Abound isn’t Solyndra - Denver Post

07/11/12

Last week’s bankruptcy filing by Loveland, Colorado-based Abound Solar may have looked like a replay of Solyndra – another thin-film solar panel maker with a big federal loan guarantee going belly-up. But that glosses over some important ...

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Bankruptcy judge approves Colonial Country Club reorganization, sale - nola.com

07/11/12

The financially-beleaguered country club closed its doors and then filed for Chapter 11 bankruptcy protection in February, one day before the property was to be auctioned off at a Sheriff's sale. The club had received a $4.7 million loan in 2007 ...

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UPDATE: City attorney, mayor address alleged financial mismanagement, bankruptcy - San Bernardino County Sun

07/11/12

Penman said he could not give additional information, including which agencies he had given the evidence, because of the pending bankruptcy. "I think as city attorney, when we have litigation pending - and bankruptcy is a form of litigation - I ...

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Futures firm PFG collapses amid fraud accusations - Raw Story

07/11/12

PFG, also known as PFG Best, filed a Chapter 7 bankruptcy, which involves the sale of assets to pay off creditors. The liquidation filing in an Illinois bankruptcy court came a day after the US Commodity Futures Trading Commission sued PFG and ...

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Dewey Seeks 'Clawbacks' From Ex-Partners - Wall Street Journal

07/11/12

give back as much as $103.6 million in compensation and other benefits or face years of litigation. Once one of New York's largest firms, Dewey filed for bankruptcy six weeks ago and owes more than $315 million to banks and other creditors. It is the ...

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UPDATE: City attorney, mayor address alleged financial mismanagement, bankruptcy - San Jose Mercury News

07/11/12

Penman said he could not give additional information, including which agencies he had given the evidence, because of the pending bankruptcy. "I think as city attorney, when we have litigation pending - and bankruptcy is a form of litigation - I ...

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San Bernardino, Stockton took different routes to bankruptcy - Los Angeles Times

07/11/12

and immediately file for bankruptcy protection. Karol Denniston, an attorney who helped draft AB 506, said the emergency exit had been designed for cases such as that of Orange County, which had made risky investments that unexpectedly gutted its budget.

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