News

WorldGate files for Chapter 7 - The Business Journal

04/02/12

WorldGate Communications Inc. WorldGate Communications Inc. Latest from The Business Journals Follow this company has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The Trevose, Pa., company filed the petition ...

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AFA files for bankruptcy due to 'slime' - United Press International

04/02/12

Its products include ground beef containing boneless lean beef trimmings, the Journal said. In a bankruptcy filing in Wilmington, Del., the firm said its business plan "was quickly undermined by market forces beyond the debtors' control."

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Pinnacle Airlines files for bankruptcy in U.S - Yahoo Finance

04/02/12

Typically, shares of bankrupt companies are wiped out at the end of the bankruptcy process. The case is Pinnacle Airlines Corp, Case No. 12-11343, U.S. Bankruptcy Court, Southern District of New York. (Reporting by Kyle Peterson in Chicago and ...

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Pinnacle Airlines files for bankruptcy in U.S - Reuters India

04/02/12

Typically, shares of bankrupt companies are wiped out at the end of the bankruptcy process. The case is Pinnacle Airlines Corp, Case No. 12-11343, U.S. Bankruptcy Court, Southern District of New York. (Reporting by Kyle Peterson in Chicago and ...

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MF Global “Personhood” Case: Invited to Occupation D.C. Event - PRWeb

04/02/12

Washington, D.C. (PRWEB) April 02, 2012 Adam Furgatch, the face of the MF Global “Corporate Personhood” legal action that is currently being litigated in Federal Bankruptcy Court, has been invited to present details of his case at the "Control the ...

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Bankruptcy filings continue to decline - Rochester Business Journal

04/02/12

Area bankruptcy filings continued a more than yearlong slide in March, showing a 19 percent drop from filings in the March 2011 and an 11 percent decline in the first quarter. The federal courts’ nine-county Rochester division saw a total of 237 ...

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Understanding the Dip in Class-Action Securities Settlements - New York Times

04/02/12

For example, while Lehman Brothers never restated its financials, the bankruptcy examiner’s report made clear that the company’s accounting practices misrepresented its financial condition. The litigation arising out of the misconduct at the ...

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Plaintiffs argue Beakley's bankruptcy filing violated receivership order - Lubbock Avalanche-Journal

04/02/12

The family suing Lubbock accountant John W. Beakley for securities fraud says Beakley violated a federal judge’s order by filing for bankruptcy last week in Dallas. On Friday, attorneys for Samuel K. Douglass and sons Mark, Scott and Timothy ...

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Pinnacle’s Chapter 11 filing no problem for Bombardier: NBF - Globe and Mail

04/02/12

The Chapter 11 filing of Pinnacle Airlines Corp. PNCL-Q should not hurt Bombardier Inc.’s BBD.B-T share price, even though the Montreal-based transportation giant is listed among its creditors, says National Bank Financial analyst Cameron Doerksen.

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Beef processor files for bankruptcy amid 'pink slime' uproar - msnbc.com

04/02/12

AFA is one of the largest ground beef processors in the United States and produces more than 500 million pounds of ground beef products annually, the company said in documents filed in U.S. Bankruptcy Court in Wilmington, Delaware. In filing for bankruptcy ...

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