News

Falcone mulls voluntary bankruptcy for LightSquared - Chicago Tribune

04/04/12

Hedge fund manager Philip Falcone said in an interview on Wednesday he is "seriously considering" filing a voluntary bankruptcy for LightSquared, the struggling telecom startup in which his Harbinger Capital Partners is the majority owner.

[more]

Jewish Times' new owners poised to take the helm - Baltimore Sun

04/04/12

Guttman said it was too soon to tell what the $1.26 million sale would mean for creditors, as all the debts that have accumulated since Alter filed for bankruptcy have not been added up. He acknowledged that Wells Fargo, the secured creditor ...

[more]

LightSquared may file for bankruptcy: report - Marketwatch

04/04/12

SAN FRANCISCO (MarketWatch) -- Phil Falcone is seriously considering a voluntary bankruptcy filing for troubled telecom LightSquared, Reuters reported late Wednesday, citing an interview with the Harbinger Capital Partners hedge-fund manager.

[more]

Glendale mayor blames NHL, city staff for unresolved Phoenix Coyotes sale - AZCentral.com

04/04/12

A possible sales-tax hike, furloughs and program cuts are on the table to close the spending gap. The city and NHL began working together even before former Coyotes owner Jerry Moyes filed the team into bankruptcy three years ago. The city ...

[more]

Exclusive: Falcone mulls voluntary bankruptcy for LightSquared - msnbc.com

04/04/12

NEW YORK (Reuters) - Hedge fund manager Philip Falcone said in an interview on Wednesday he is "seriously considering" filing a voluntary bankruptcy for LightSquared, the struggling telecom startup in which his Harbinger Capital Partners is the majority owner.

[more]

West Allis Valvoline franchisee files Chapter 11 - The Business Journal

04/04/12

A West Allis-based Valvoline Instant Oil Change Valvoline Instant Oil Change Latest from The Business Journals Valvoline franchisee files Chapter 11 Mobile coupon service dials in Kroger, Cincinnati Bell S4 NetQuest makes other companies better ...

[more]

Settlement in Dynegy subsidiary bankruptcy case - Associated Press

04/04/12

which is not in bankruptcy protection. Flexon said the settlement will end the dispute over those assets, avoiding potentially years of litigation. The new agreement says that unsecured creditors will get common stock in the reorganized company.

[more]

Dynegy settles most disputes over bankrupt unit - Reuters

04/04/12

Dynegy said in a statement that it reached an agreement in principle with creditors holding more than $2.5 billion of claims against Dynegy Holdings LLC, which filed for bankruptcy protection on November 7. The creditors had complained that ...

[more]

Settlement in Dynegy subsidiary bankruptcy case - Huffington Post

04/04/12

HOUSTON — Utility company Dynegy Inc. said Wednesday that it reached an agreement with creditors that will allow the company move forward with bankruptcy proceedings for one of its subsidiaries. The agreement ends disputes over $2.5 billion in ...

[more]

Mass. business bankruptcies spike in 2012 Q1 - The Business Journal

04/04/12

Business filings for protection under Chapter 11 of the federal bankruptcy code were up sharply in the first quarter of 2012 in Massachusetts. At the same time, bankruptcy filings of the type most often used by individuals to gain financial fresh starts fell dramatically.

[more]