News

San Bernardino Authorizes Bankruptcy Filing - Hispanic Business

07/11/12

The San Bernardino, Calif., City Council voted Tuesday night to authorize a bankruptcy filing. The vote gives City Attorney James F. Penman power to begin proceedings for Chapter 9 bankruptcy, which would free the city of much of its debt but ...

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Peregrine Files For Bankruptcy After $215M Goes Missing, Where Were The Regulators? - Forbes

07/11/12

A day after regulators sued Peregrine Financial Group for fraud the futures-trading firm has filed for Chapter 7 bankruptcy. The accusations began on Monday when Peregrine’s front-line regulator, the National Futures Association (NFA), hit the ...

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Tribune Judge Will Rule on Bankruptcy Exit Plan This Week - Bloomberg

07/11/12

Tribune owes creditors about $13 billion. The company is valued at more than $7 billion, Tribune said in court papers. The case is In re Tribune Co., 08-bk-13141, U.S. Bankruptcy Court, District of Delaware (Wilmington). To contact the reporter ...

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San Bernardino becomes third California city seeking bankruptcy - msnbc.com

07/11/12

Larkin noted the concerns of San Bernardino's staff about the risk of the city not meeting its payroll in coming months may be eclipsed by concerns it could be frozen out of the muni debt market if it goes through with a bankruptcy filing. It may take San ...

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Judge signals he'll OK Tribune Co. reorganization plan - Chicago Tribune

07/11/12

U.S. Bankrutpcy Judge Kevin Carey signaled that he will confirm a plan to end Tribune Co.'s epic bankruptcy case in an opinion he plans to release this week. At a status hearing in the case held in Delaware Wednesday morning, Carey presented two ...

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Tribune Judge Will Rule on Bankruptcy Exit Plan This Week - Bloomberg

07/11/12

Tribune owes creditors about $13 billion. The company is valued at more than $7 billion, Tribune said in court papers. The case is In re Tribune Co., 08-bk-13141, U.S. Bankruptcy Court, District of Delaware (Wilmington). To contact the reporter ...

[more]

PFGBest firm files for bankruptcy after boss’ suicide attempt - Chicago Sun-Times

07/11/12

The PFGBest firm Peregrine Financial Group Inc. has filed for Chapter 7 bankruptcy in federal court in Chicago. The filing Tuesday night for liquidation of the Chicago firm comes on the heels of an announcement that the federal Commodity Futures Trading ...

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Chicago futures-trading firm PFGBest files for bankruptcy after boss’ suicide attempt - Chicago Sun-Times

07/11/12

The PFGBest firm Peregrine Financial Group Inc. has filed for Chapter 7 bankruptcy in federal court in Chicago. The filing Tuesday night for liquidation of the Chicago firm comes on the heels of an announcement that the federal Commodity Futures ...

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The Daily Docket: Peregrine Files for Chapter 7 - Wall Street Journal

07/11/12

Peregrine Financial Group Inc. filed for Chapter 7 bankruptcy late Tuesday, a day after regulators alleged the brokerage misstated more than $200 million in customer accounts. Read the Daily Bankruptcy Review article here. A bankruptcy judge ...

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Peregrine Financial Group Files For Bankruptcy Amid Scandal - Huffington Post

07/11/12

July 10 (Reuters) - Peregrine Financial Group Inc, the regulated unit of the brokerage PFGBest, has filed to liquidate under Chapter 7 of the U.S. bankruptcy code, a court filing shows. Tuesday's filing with the U.S. bankruptcy court shows that ...

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