News

General Maritime Says Oaktree Plan Is Fair; Objectors Wrong - NASDAQ

05/01/12

At the same February hearing, a General Maritime lawyer called the bankruptcy case a "melting ice cube" that needed to march toward final confirmation as soon as possible. General Maritime last November filed for Chapter 11 protection with $1.4 ...

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L.A. Dodgers completes sale, ends bankruptcy - Reuters India

05/01/12

(Reuters) - The Los Angeles Dodgers baseball team completed its $2 billion sale to Guggenheim Baseball Partners LLC and emerged from bankruptcy, the team said on Tuesday. The deal is the richest in U.S. sports history and ends a contentious 10 ...

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Closing of Dodgers sale finalized - YAHOO!

05/01/12

LOS ANGELES (AP) The $2 billion sale of the Los Angeles Dodgers to a group that includes former Lakers star Magic Johnson has been finalized. A federal bankruptcy court judge in Delaware approved the sale last month. The Dodgers entered bankruptcy in June ...

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L.A. Dodgers Complete $2 Billion Sale of Team, Exit Bankruptcy - Bloomberg

05/01/12

The Los Angeles Dodgers completed their $2 billion sale to Guggenheim Partners executive Mark Walter, former basketball player Magic Johnson and other investors, allowing the Major League Baseball team to exit bankruptcy. To contact the reporter ...

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L.A. Dodgers completes sale, ends bankruptcy - The Guardian

05/01/12

May 1 (Reuters) - The Los Angeles Dodgers baseball team completed its $2 billion sale to Guggenheim Baseball Partners LLC and emerged from bankruptcy, the team said on Tuesday. The deal is the richest in U.S. sports history and ends a contentious 10-month ...

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Done Deal: Dodgers Sale Complete - msnbc.com

05/01/12

"The Dodgers emerge from the Chapter 11 reorganization process having achieved its objective of maximizing the value of the Dodgers through a successful Plan of Reorganization, under which all claims will be paid," according to a team statement.

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Hunter Marine parent company files for Chapter 11 bankruptcy - Gainesville Sun

05/01/12

The parent company of Hunter Marine Corporation filed for Chapter 11 bankruptcy reorganization Monday in U.S. Bankruptcy Court for the District of New Jersey. Morgan Industries Corporation is the parent company of Alachua-based sailboat and ...

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GM lifts U.S. sales outlook; Chrysler posts gains - Reuters

05/01/12

The U.S. auto industry is on the mend after its near-collapse in 2009 when GM and smaller rival Chrysler Group LLC filed for bankruptcy and overall U.S. auto sales fell to 10.4 million. By comparison, vehicle sales averaged around 16.7 million a ...

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Dewey U.K. Said to Prepare Wind Up While U.S. Office Carries On - Bloomberg

05/01/12

The law firm does have something to sell -- groups of strong practices, he said. Dewey’s most profitable practices include bankruptcy, corporate law, litigation and public policy, the firm has said. The plan remains uncertain because firms ...

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'Octomom' files for bankruptcy, cites $1M debt - AZCentral.com

05/01/12

Suleman is filing Chapter 7 bankruptcy, which means a court-appointed trustee would liquidate her assets to pay off creditors before she is discharged from most of her debts. Among others, Suleman owes money to her father, the city's water ...

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