News

In bankruptcy case, American Airlines sues retirees to stop paying insurance benefits - Washington Post

07/06/12

DALLAS — American Airlines and its parent company are suing to win the right to stop providing health care and life insurance to retirees. AMR Corp. and American filed the lawsuit Friday as part of their bankruptcy case in federal court in New ...

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Charles Carreon drops The Oatmeal suit, declares victory - Comic Book Resources

07/06/12

He instructed me to warn my client to worry about being sued at a later time when Public Citizen might not defend him and about being sued for six-figures worth of damages that would not be dischargeable in bankruptcy; he also pointed to what he claimed to ...

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No release of details of Stockton bankruptcy talks - Reuters

07/06/12

... financially distressed municipalities considering bankruptcy and their creditors are required ahead of a bankruptcy filing as the result of state legislation approved in the wake of Vallejo's bankruptcy filing. Levinson noted Stockton has ...

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JPMorgan Entangled in Lehman's Case - Analyst Blog - Town Hall

07/06/12

The CFTC’s action stemmed from the filing of bankruptcy by MF Global Holdings Ltd, which had an uncanny resemblance to Lehman brothers’ downfall. Here also, JPMorgan was acting as the fund manager. In the MF Global case, the customers money ...

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JPMorgan Entangled in Lehman's Case - Yahoo Finance

07/06/12

The CFTC’s action stemmed from the filing of bankruptcy by MF Global Holdings Ltd, which had an uncanny resemblance to Lehman brothers’ downfall. Here also, JPMorgan was acting as the fund manager. In the MF Global case, the customers money ...

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AMR wants court to say it doesn’t have to provide health benefits to retirees - Dallas Morning News (blog)

07/06/12

The lawsuit was filed in against the Committee of Retired Employees, which is representing the interests of retired employees in the AMR/American Airlines bankruptcy case. Here’s the gist of their argument: “By this Adversary Proceeding, the Plaintiffs ...

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Stockton Judge Limits Release of Mediation Details - Bloomberg

07/06/12

On the city’s first day in court, U.S. Bankruptcy Judge Christopher Klein also said he may ask another judge to be on call to act as a mediator for a new round of talks between the city and creditors. “A successful case will result in what ...

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NYSE Suspends Dynegy After Bankruptcy Filing - FOXBusiness

07/06/12

NEW YORK – The New York Stock Exchange on Friday suspended trading in Dynegy Inc. after a unit of the power producer filed a reorganization plan under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of New York, Poughkeepsie ...

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Bankruptcy fee to go up - Baltimore Sun

07/06/12

Filing for Chapter 11 under the federal bankruptcy will cost debtors more money beginning November 21. Chapter 11, which allows one to reorganize finances while keeping creditors at bay, is usually used by businesses, although some individuals use it.

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Stockton bankruptcy case begins in Sacramento courtroom - Sacramento Bee

07/06/12

The City of Stockton's historic bankruptcy case got under way in federal court in Sacramento today with lawyers for the beleaguered city's creditors jockeying for position during the initial one-hour hearing. Court officials had prepared for a ...

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