News

DealBook’s Week in Review: Trials and Default - New York Times

06/01/12

The insider trading case against a former Goldman director continued and a bankruptcy filing represented the largest law firm collapse in United States history. A look back on our reporting of the past week’s highs and lows in finance.

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CFTC files creditor claim in MF Global bankruptcy - Reuters

06/01/12

MF Global filed for Chapter 11 bankruptcy in October after its $6.3 billion bet on European debt alarmed investors and caused a liquidity crunch. The company, which was run by former New Jersey Governor Jon Corzine, revealed a large deficit in ...

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Bankruptcy court approves Dynegy Holdings settlement - The Business Journal

06/01/12

A U.S. Bankruptcy Court U.S. Bankruptcy Court Latest from The ... "Today's approval of the settlement agreement marks a significant move forward in DH's Chapter 11 case and establishes the foundation for the remaining steps in the restructuring ...

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Konarka Technologies Files for Chapter 7 Bankruptcy Protection - Boston Globe

06/01/12

Konarka Technologies, Inc., a leading developer of thin-film solar panels, has filed for bankruptcy protection under chapter 7 of the Federal bankruptcy laws. Under chapter 7 proceedings, the company’s operations cease and a trustee is tasked ...

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The Broke and the Beautiful: Heavy Hitters Edition - Wall Street Journal

06/01/12

Lewis’s bankruptcy trustee has sought to dismiss the case or convert it to Chapter 7 liquidation because Lewis didn’t provide the proper paperwork (remind you of anyone?) and because he and his lawyer didn’t report for a hearing.

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American Airlines parent AMR lost $142 million in April including bankruptcy expenses - Minneapolis Star Tribune

06/01/12

Air travel usually picks up from winter into spring. AMR disclosed its April results in a filing Thursday in U.S. bankruptcy court in New York. Since filing for Chapter 11 protection in late November, AMR has posted a net loss of $2.7 billion ...

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IRS Getting More Aggressive During Recession, Austin Tax Attorney John McDuff Says - Houston Chronicle

06/01/12

For many people, McDuff states that a “filing of bankruptcy should be considered. Generally, if the taxes are three years old, a bankruptcy will wipe the slate clean” but “filing bankruptcy is a very personal decision, and there are many other ...

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Judge OKs Dynegy bankruptcy pact with creditors - Reuters

06/01/12

Chief Judge Cecelia Morris of the U.S. Bankruptcy Court for the Southern District of New ... Dynegy said creditors who joined the settlement hold more than $2.7 billion of claims against Dynegy Holdings. The company has said Dynegy and Dynegy ...

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Judge OKs Dynegy bankruptcy pact with creditors - Reuters UK

06/01/12

Chief Judge Cecelia Morris of the U.S. Bankruptcy Court for the Southern District of New ... Dynegy said creditors who joined the settlement hold more than $2.7 billion of claims against Dynegy Holdings. The company has said Dynegy and Dynegy ...

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CFTC files creditor claim in MF Global bankruptcy - Reuters

06/01/12

WASHINGTON, June 1 (Reuters) - The Commodity Futures Trading Commission on Friday said it filed a creditor claim in the MF Global bankruptcy proceeding in order to "preserve all possible options" in its ongoing investigation into the failed ...

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