News

Mets’ Owners Agree to Settle Madoff Suit for $162 Million - New York Times

03/18/12

but that figure is likely to be reduced or wiped out altogether as the complex bankruptcy litigation involving Mr. Madoff’s investment operation plays out. The trustee, Irving H. Picard, had initially sought $1 billion, declaring that the ...

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Actor Gary Busey Files For Chapter 7 Bankruptcy in California - 24-7PressRelease.com

03/18/12

Gary Busey recently joined the ranks of many celebrities before him by filing for Chapter 7 bankruptcy protection. Some find it fascinating that many who are believed to be rich file for the financial protections bankruptcy provides, proving that they ...

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Direct Air flies north to file bankruptcy - Worcester Telegram & Gazette

03/17/12

The bankruptcy filing identifies the people now authorized to act for Direct Air in the bankruptcy case as Hank L. Torbert, Reginald Greiner and Edward Warneck. Mr. Warneck has been the public face of Direct Air as its marketing director.

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Fort Lee biotech company files for bankruptcy liquidation - NorthJersey.com

03/17/12

Neurologix Inc., a Fort Lee-based biotechnology company that researched therapies for Parkinson's disease and other neurological disorders but never released a product, filed for Chapter 7 bankruptcy liquidation Friday. The company listed assets of $1.2 ...

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American opposes request by unions for arbitration - Tulsa World

03/16/12

The flight attendants' union said it was disappointed that American declined arbitration and said the result could be more litigation. The pilots' union has already sued American to block it from using bankruptcy to nullify its contract and ...

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American opposes arbitration in labor negotiations - msnbc.com

03/16/12

The flight attendants' union said it was disappointed that American declined arbitration and said the result could be more litigation. The pilots' union has already sued American to block it from using bankruptcy to nullify its contract and ...

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Direct Air files for Chapter 11 bankruptcy protection - Sun-Sentinel (blog)

03/16/12

Myrtle Beach, S.C-based Direct Air has filed for Chapter 11 bankruptcy protection citing financial difficulties,  just days after the public air charter abruptly cancelled flights through mid-May.  Without notice, Direct Air canceled some ...

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