News

RLPC: LightSquared, creditors agree on use of cash - Reuters

06/13/12

LightSquared management has so far gotten by on about $15 million of unencumbered cash at the LightSquared holding company level since filing for bankruptcy on May 14, but needed access to the encumbered cash to continue operating. The company ...

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What on earth is Warren Buffett thinking on ResCap?! - Forbes

06/13/12

... perspective the more interesting issue is deciphering how a confusing series of moves by Buffett in the bankruptcy case over the past week play into his strategy, according to sources. Professionals universally acknowledge Buffett’s savvy ...

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What on earth is Warren Buffett thinking on ResCap?! - Forbes

06/13/12

A hearing to set the ground rules for the sales process is scheduled for June 18 at the bankruptcy court in Manhattan. With yesterday’s filing, Berkshire sought to get a jump on potential rivals by stepping into the role of stalking horse ...

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Judge Puts out Marijuana Grower’s Chapter 11 Case - Wall Street Journal

06/13/12

A medical marijuana grower’s inert bankruptcy case has been kicked out of court by a Colorado judge. After 42 days of waiting for company executives at CGO Enterprises LLC to explain their reorganization attempt, Judge Michael Romero of the U ...

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When updates on bankruptcy cases are provided - Straits Times

06/13/12

MR JOLLY Wee said his son was owed wages when his employer was made a bankrupt more than eight years ago, and he had not heard from the Insolvency & Public Trustee's Office (IPTO) since ('Still waiting for wages - after 8 years'; June 6).

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Judge Puts Out Marijuana Grower’s Chapter 11 Case - Wall Street Journal

06/13/12

A medical marijuana grower’s inert bankruptcy case has been kicked out of court by ... Wieland added that converting CGO’s case to Chapter 7 and shutting it down—a move that would require the court to appoint a liquidator—wasn’t ...

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Triangle development group files for bankruptcy - The Business Journal

06/13/12

The owner of The Shoppes at River Oaks Landing in Garner filed for Chapter 11 bankruptcy reorganization earlier this week, listing $1.5 million in liabilities and $2 million in assets. The company, Austin Development Group Inc., identified The ...

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LightSquared Reaches Agreement With Lenders on Cash Use - Bloomberg

06/13/12

(FIG) LightSquared, backed by Philip Falcone, had been in a dispute with the group since the outset of its Chapter 11 case last month. Without permission to use cash, LightSquared “would be forced to terminate its business operations and ...

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Amish man gets 6½ years in $17M, multi-state fraud case - USA Today

06/13/12

It's uncommon for the Amish to take their disputes public. The judge rejected their attempt to settle the bankruptcy case involving Beachy's company out of court.

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McGlinchey Stafford Continues Growth in Florida - Marketwatch

06/13/12

real estate litigation, bankruptcy and creditors' rights, and has extensive appellate experience. She earned her Juris Doctor degree from the University of St. Thomas School of Law (Minnesota) and her Bachelor of Arts degree from the University ...

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