News

$2 Billion Dodgers Price Tag Shatters Records - Wall Street Journal

03/28/12

In a statement, Earvin Magic Johnson said, "I am thrilled to be part of the historic Dodger franchise and intend to build on the fantastic foundation laid by Frank McCourt as we drive the Dodgers back to the front page of the sports section in ...

[more]

Howrey Dissolution Could Spark Litigation - Wall Street Journal

03/28/12

Bankruptcy laws provide a number of bases for companies ... The right to bring such lawsuits will be well-exercised in Howrey’s litigation, Diamond McCarthy partner Allan Diamond told Am Law Daily soon after his appointment last fall.

[more]

Ala county to default on new round of bonds - Associated Press

03/28/12

BIRMINGHAM, Ala. (AP) — Already saddled with the largest municipal bankruptcy in U.S. history, Jefferson County commissioners have voted to default on more than $15 million in bond payments due next week. Commission President David Carrington ...

[more]

Ala county to default on new round of bonds - Associated Press

03/28/12

BIRMINGHAM, Ala. (AP) — Already saddled with the largest municipal bankruptcy in U.S. history, Jefferson County commissioners have voted to default on more than $15 million in bond payments due next week. Commission President David Carrington ...

[more]

Azure halts Ford Transit Connect Electric production, Ford still confident in EV program - autoblog

03/28/12

The news of Azure Dynamic's bankruptcy protection filing is rippling through the EV world – especially among people who have purchased the Ford Transit Connect Electric (TCE) delivery van. Azure is the company that adds the all-electric ...

[more]

Certified Forensic Loan Auditors Announces State Bar Sponsored MCLE "Mortgage Securitization in Litigation III & Bankruptcy Practice" - PR.com

03/28/12

CFLA's "Mortgage Securitization in Litigation III & Bankruptcy Practice" seminar will focus on the current mortgage crisis, bankruptcy mortgage litigation, foreclosure sale, preparing for the adversarial hearing, quiet title and the importance of res ...

[more]

Hawker Beechcraft readies bankruptcy filing-sources - The Guardian

03/28/12

NEW YORK, March 28 (Reuters) - Hawker Beechcraft Inc, the aircraft manufacturer owned by Goldman Sachs' private equity arm and Onex Corp, is preparing to file for bankruptcy protection in the next several weeks, according to people familiar with ...

[more]

Magic Johnson-led group to buy Dodgers for $2 billion - msnbc.com

03/28/12

The deal, revealed about five hours after Major League Baseball owners approved three finalists for an intended auction, is one of several steps toward a sale of the team by the end of April. It is subject to approval in federal bankruptcy court.\

[more]

State Fair of Virginia property in Caroline County to be auctioned as part of bankruptcy case - Daily Press

03/28/12

A Richmond auction house will hold the sale in May.Continued losses forced the nonprofit group to liquidate this month under federal bankruptcy law. SFVA took on heavy debt while failing to curb spending, including paying outsize salaries to its ...

[more]

Judge: Former Chrysler dealerships closed in bankruptcy don't have right to reopen - Detroit Free Press

03/28/12

He also ruled that the dealers are not owed monetary damages. The judge noted that after Chrysler emerged from Chapter 11 bankruptcy, it was established as a new company. “Because the rejected dealers have never had franchise agreements with ...

[more]