News

Chrysler reports strong results for the first quarter - Worcester Telegram & Gazette

04/26/12

With Chrysler’s sales still below pre-bankruptcy levels, the results show that it has the ability to turn a profit with considerably less revenue. It was the fastest-growing full-line automaker in the United States in 2011 and stands to ...

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Harrisburg City Council Attorney Says He’s Being ‘Ganged Up Upon’ - Wall Street Journal

04/26/12

Tom Corbett, placed the city in Chapter 9 bankruptcy protection late last year. A bankruptcy judge twice threw out the filing, so Schwartz appealed to the district court. Judge Sylvia Rambo upheld the bankruptcy court’s ruling, which dismissed ...

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California Wow comes up lame in bankruptcy filing - Bangkok Post

04/26/12

Members of the embattled health club California Wow Xperience will have to wait for legal proceedings in the Central Bankruptcy Court before seeking damages or claims, says the Consumer Protection Board. If the court declares the company bankrupt, then ...

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American to make its case against union contracts - Yahoo Finance

04/26/12

During that same period most of its major rivals used the bankruptcy process to cut wages and benefits ... the company will take a week to present its case. Among the dozen potential witnesses are AMR executives and its banking and labor ...

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Harrisburg Mayor Linda Thompson seeks damages from City Council attorney over bankruptcy appeal - PennLive.com

04/26/12

Every penny expended for legal fees by the city to defend the unauthorized bankruptcy filing followed by the frivolous appeals is harmful to the city." Bankruptcy Judge Mary France dismissed council’s bankruptcy petition Nov. 23 and Schwartz ...

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GBQ opens Cincinnati office to focus on business litigation consulting - The Business Journal

04/26/12

The office is for the firm’s Financial Advisory Services group, which does consulting on business litigation, bankruptcy and forensic accounting as well as other audit and tax functions. GBQ Managing Partner Darci Congrove had said the firm ...

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Dems, unions pushing new local government bankruptcy bill - Sacramento Bee

04/26/12

Although a new law to govern bankruptcy filings by local governments is just four months old, Democratic legislators and labor unions are lining up behind a major revision that local officials say would tilt the playing field. In the aftermath of Vallejo's ...

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Madoff Trustee Sues Standard Chartered Financial Services - Bloomberg

04/26/12

SA to recoup about $329.7 million allegedly received from the so-called feeder fund Fairfield Sentry Ltd. Irving Picard, the trustee, filed the suit today in U.S. Bankruptcy Court in Manhattan to recover what he called “customer property ...

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Gov't housing programs lift gov't-owned Ally in 1Q - CBS News

04/26/12

The lender, based in New York, appears to be weighing a bankruptcy filing for a battered mortgage division that holds old, souring loans. Ally's net income jumped to $310 million in the three months ended March 31 from $146 million in the same ...

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GBQ opens Cincinnati office to focus on business litigation consulting - The Business Journal

04/26/12

The office is for the firm’s Financial Advisory Services group, which does consulting on business litigation, bankruptcy and forensic accounting as well as other audit and tax functions. GBQ Managing Partner Darci Congrove had said the firm ...

[more]