News

CFTC Files MF Global Creditor Claim to Pursue Customer Funds - Bloomberg

06/01/12

The brokerage case is Securities Investor Protection Corp. v. MF Global Inc., 11-02790, U.S. District Court, Southern District of New York (Manhattan). The parent’s bankruptcy case is MF Global Holdings Ltd., 11-bk-15059, U.S. Bankruptcy Court ...

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Bankruptcy cases fall for 3rd-straight month - Toledo Blade

06/01/12

Bankruptcy filings in northwest Ohio declined in May for the third consecutive month and the 20th time in the last 21 months. U.S. Bankruptcy Court in Toledo, which covers 21 counties, reported 492 new cases in May, an 18 percent drop from the ...

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McMenamy’s in Niles files for bankruptcy - Vindy.com

06/01/12

McMenamy’s Restaurant and Banquet Center has filed for Chapter 7 bankruptcy protection. The filing was made Tuesday in U.S. Bankruptcy Court Northern District of Ohio by Kelly Green’s Investment Inc., the company that owns and operates ...

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Crystal Cathedral member files $30-billion claim over church sale - Los Angeles Times

06/01/12

A longtime Crystal Cathedral congregant has filed a claim of more than $30 billion in bankruptcy court alleging that his religious and civil rights have been violated as a result of the sale of the Garden Grove campus to the Roman Catholic ...

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AMR CEO says reorganization moving quickly - CBS News

06/01/12

AMR filed for bankruptcy protection seven months ago. Horton didn't say when AMR will emerge, but other airlines have taken 18 months to more than three years. Horton said the added flights will give his pilots and flight attendants a chance to ...

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Court Approves Dynegy Bankruptcy Agreement - Myfoxmemphis.com

06/01/12

Dynegy's move to place the subsidiary in bankruptcy protection hurt bondholders without affecting the parent's shareholders. "Today's approval of the settlement agreement marks a significant move forward in DH's Chapter 11 case and establishes ...

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Thin-Film Solar Panel Maker Konarka Files for Bankruptcy - Bloomberg

06/01/12

Konarka Technologies Inc., the thin- film solar panel manufacturer backed by Chevron Corp. (CVX), Draper Fisher Jurvetson and New Enterprise Associates Inc., filed for Chapter 7 bankruptcy. “Konarka has been unable to obtain additional ...

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Sea Launch has successful blastoff from ocean platform - Los Angeles Times

06/01/12

In late 2010, an affiliate of Russian aerospace giant Rocket & Space Corp. Energia announced that it would invest $155 million for a 95% stake in Sea Launch, which helped boost it out of Chapter 11 bankruptcy protection. The company then moved ...

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RG Steel has until July 27 to sell Sparrows Point, agreement with lenders says - Baltimore Sun

06/01/12

That sale, not yet finalized, would require the approval of the bankruptcy court and the steelworkers union. That division employs about 220 workers, Keegan said. "If we're successful, these additional assets will help us expand our operations ...

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RG Steel Wins Court Approval of $50 Million Bankruptcy Loan - Bloomberg

06/01/12

RG Steel LLC, the fourth-biggest U.S. maker of flat-rolled steel, won court approval to borrow as much as $50 million to help fund operations while it works toward a sale of its assets. U.S. Bankruptcy Judge Kevin Carey in Wilmington ...

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