A former Lehman Brothers star trader secretly recorded several conversations that he says prove Lehman owes him more than $83 million in bonuses for his work done mostly in 2008, even though he received a similar amount when Barclays PLC bought Lehman, The Wall Street Journal reports.
Henry Callaway was named as a judge with the U.S. Bankruptcy Court for the Southern District of Alabama. Mr. Callaway, who currently works in bankruptcy and litigation at law firm Hand Arendall, will take up his new position in May. He practices in areas including creditors’ rights, consumer finance and shareholder disputes and is a member of the American Bankruptcy Institute. Mr. Callaway is replacing Judge Margaret A.
This week on The Broke and the Beautiful, a bankrupt boarding school wants to call on Taylor Swift for help, and a study finds nearly one of six NFL players file for bankruptcy. Also, actress Kelly Rutherford spoke out about the custody battle that led to her bankruptcy.
In a 134-page ruling, a federal judge handed General Motors Co. a legal victory on Wednesday, ruling the Detroit auto maker can retain a bankruptcy shield that protects it from as much as $10 billion in claims brought by customers seeking damages tied to faulty ignition switches, The Wall Street Journal reported.
Honoree and former President Bill Clinton speaks on stage after receiving the inaugural Tina’s Wish Global Women’s Health Award during the 2015 Tina’s Wish Global Women’s Health Award Gala in New York.
Creditors of Siga Technologies Inc. want to investigate the role the drug maker’s executives played in the PharmAthene Inc. dispute that drove Siga into bankruptcy. Read the Daily Bankruptcy Review article here.
