News

Ahern Rentals Seeks More Time To File A Restructuring Plan - NASDAQ

03/26/12

In court papers filed in support of the request, Ahern Chief Financial Officer Howard L. Brown said the company "has quickly transitioned into Chapter 11 with no impairment of its operations, and continues to generate positive cash flow on an ...

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UPDATE 1-Elliott urges Ally against ResCap bankruptcy - Reuters

03/26/12

NEW YORK, March 26 (Reuters) - Hedge fund Elliott Management sent a letter to Ally Financial's board last week saying a bankruptcy filing for its mortgage subsidiary would trigger a protracted legal battle against the lender and make its ...

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A simple plan to relieve airport congestion - Reuters Blogs

03/26/12

The bankruptcy filing by American Airlines a few months ago signals that the U.S. aviation industry is once again primed for dramatic change.  American Airlines is the last of the major U.S. carriers to seek bankruptcy protection, as most of the other big ...

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Contract Research files for bankruptcy after FDA controversy - Transworld News

03/26/12

Contract Research Solutions Inc., a Cary, North Carolina research company who conducts clinical trials for pharmaceutical companies, also known as Cetero Research, filed for Chapter 11 bankruptcy protection following an investigation from the FDA.

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Elliott Management Urges Ally To Avoid Bankruptcy For ResCap Unit - NASDAQ

03/26/12

"Furthermore, putting ResCap into bankruptcy would make an IPO or other sale process of Ally nearly impossible for years to come," Elliott's letter said. Instead, Elliott proposed an "all-encompassing transaction" for Ally in which ResCap is ...

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MF Global’s Corzine May be Liable if Customer Risk Known - Bloomberg

03/26/12

The brokerage case is Securities Investor Protection Corp. v. MF Global Inc., 11-02790, U.S. District Court, Southern District of New York; The parent’s bankruptcy case is MF Global Holdings Ltd., 11-bk-15059, U.S. Bankruptcy Court ...

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End appears near to Dodgers' ownership saga - KTLA.com

03/26/12

Yet Plan B was just as important. If McCourt had to sell the Dodgers, the U.S. Bankruptcy Court would oversee the sale, not Major League Baseball. John Moores might have liked court protection. Moores agreed three years ago to sell the San Diego ...

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Hamid Soleimanian, Los Angeles Bankruptcy Attorney, Provides Free Consultations for Chapter 7 Bankruptcies - msnbc.com

03/26/12

LOS ANGELES, March 26, 2012 (GLOBE NEWSWIRE) -- Credit card debt is one of the top contributing factors to personal bankruptcy in the U.S. today, but that fact did not stop Americans from charging nearly $50 billion on their credit cards in 2011.

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Hamid Soleimanian, Los Angeles Bankruptcy Attorney, Provides Free Consultations for Chapter 7 Bankruptcies - GlobeNewsWire (press release)

03/26/12

LOS ANGELES, March 26, 2012 (GLOBE NEWSWIRE) -- Credit card debt is one of the top contributing factors to personal bankruptcy in the U.S. today, but that fact did not stop Americans from charging nearly $50 billion on their credit cards in 2011.

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Contract Research Files Bankruptcy With Plan to Sell Assets - Bloomberg

03/26/12

Cetero’s operations are in North Dakota, Florida, Missouri, Texas and Ontario. The case is In re Contract Research Solutions Inc., 12- bk-11004, U.S. Bankruptcy Court, District of Delaware (Wilmington). To contact the reporters on this story ...

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