News

The bankruptcy court gave the Dodgers something no other team has - NBC Sports

05/17/12

The Dodgers’ new owners could reap hundreds of millions of dollars in benefits from the confidential terms of a U.S. Bankruptcy Court settlement ... as the Dodgers — by virtue of litigation with an irresponsible former member of their ...

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Mexican firm's bankruptcy case has cross-border impact - McAllen Monitor

05/17/12

Investors and financial analysts have their eyes on a bankruptcy case, pending in a Dallas courtroom, that they say could systematically shift how American firms do business with Mexican companies. The case also comes at a time when business interests from ...

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General Maritime Successfully Completes Financial Restructuring and Emerges From Chapter 11 - Yahoo Finance

05/17/12

NEW YORK, May 17, 2012 /PRNewswire/ -- General Maritime Corporation ("General Maritime" or the "Company") (OTC BB: GMRRQ) today announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 of the ...

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Buffett Said to Have Sought ResCap Purchase Before Bankruptcy - Bloomberg

05/17/12

while taking on potential liabilities such as mounting litigation costs and other claims, said the people. Buffett sought to avoid a ResCap bankruptcy filing because Berkshire had unsecured debt in the mortgage unit, said the people. Ally turned ...

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Jones Day Bankruptcy Pro To Oversee Tribune Litigation Trust - site.law360.com

05/17/12

Law360, Wilmington (May 17, 2012, 3:59 PM ET) -- Marc S. Kirschner, the former head of the bankruptcy and restructuring group at Jones Day, has been selected as Tribune Co.’s litigation trustee, the bankrupt media giant said Wednesday. Once Tribune exits ...

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S&P Raises Outlook on Ally Financial - Marketwatch

05/17/12

NEW YORK -(MarketWatch)- Standard & Poor's raised its outlook on Ally Financial Inc. to positive from stable Thursday as it expects the prearranged bankruptcy of its mortgage subsidiary to help it address mounting litigation risk. The subsidiary ...

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S&P Raises Outlook For Ally On ResCap Restructuring - NASDAQ

05/17/12

NEW YORK -(Dow Jones)- Standard & Poor's raised its outlook on Ally Financial Inc. to positive from stable Thursday as it expects the prearranged bankruptcy of its mortgage subsidiary to help it address mounting litigation risk. The subsidiary ...

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TEXT-Dynegy illustrates ring-fencing and importance of covenants-Fitch - Reuters

05/17/12

May 17 - The Dynegy Holdings, LLC (DH) corporate reorganization moves and bankruptcy case events demonstrate the value of protective covenants for bondholders, according to a report from Fitch Ratings. The lack of covenants in DH's unsecured ...

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Mexican Firm's Bankruptcy Case Has Cross-Border Impact - Myhighplains.com

05/17/12

DALLAS -- Investors and financial analysts have their eyes on a bankruptcy case, pending in a Dallas courtroom, that they say could systematically shift how American firms do business with Mexican companies. The case also comes at a time when business ...

[more]

Dodgers owners could gain much from Bankruptcy Court settlement - Los Angeles Times

05/17/12

McCourt took the Dodgers into bankruptcy last year, after Selig rejected a proposed ... according to three people familiar with the sale agreement. Guggenheim Baseball, the Dodgers' new owners, can negotiate a new television contract as soon ...

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