News Topic: People

Getty Images Paul Singer ‘s hedge fund Elliott Management has agreed to pay GBP650 million ($1.05 billion) to the corporate parent of Lehman Brothers ... Read full article

Agence France-Presse/Getty Images A trust representing “old” General Motors’ unsecured creditors agreed to stop trying to reclaim funds that GM had paid to a group of hedge funds, among them ... Read full article

This week on The Broke and the Beautiful, jeweler Harry Winston sued ad agency Lipman, which has filed for bankruptcy. Also, the Clinton Foundation returned fraud money, and rapper DMX spoke to Dr. Phil. ... Read full article

GateHouse Media Inc. started voluntary Chapter 11 bankruptcy proceedings in a federal court in Delaware, moving forward with its prepackaged plan to reorganize. Read the article in Daily Bankruptcy Review . ... Read full article

A judge on Tuesday forced LightSquared to remove an independent director named to help oversee the sale of the Philip Falcone-controlled wireless satellite company, agreeing with lenders that her sour relationship with would-be buyer Dish Network Corp. ... Read full article

Associated Press In this Jan. ... Read full article

This week on The Broke and the Beautiful, rapper DMX is down to his last $50 in cash. Also, Robin Williams is in some financial distress, and Young Buck’s bankruptcy plan was cleared by a federal watchdog. ... Read full article

The Wall Street Journal has more on Detroit residents speaking out to a bankruptcy judge on their fears of not getting full pensions. Read more about the bankruptcy filing of golf-course retirement community Devonshire in Daily Bankruptcy Review . ... Read full article

Stephen Lovekin/Getty Images DMX performs onstage at the 2009 VH1 Hip Hop Honors at the Brooklyn Academy of Music on Sept. ... Read full article

By Gregory J. Millman ... Read full article

Susan Walsh/Associated Press In this Tuesday, Dec. 13, 2011, file photo, former MF Global Holdings Ltd. ... Read full article

Greg Gilbert/Associated Press In this June 9, 2011, file photo, Heidi Bray, of Olympia, Wash. ... Read full article

Associated Press/Jim Lukoski In this May 12, 1984 file photo, subway commuters point to a poster sporting a caricature of a nearly nude Walter Mondale that promotes the curre ... Read full article

A federal bankruptcy judge Friday approved Residential Capital LLC ’s $596.5 million mortgage-backed securities settlement with bond insurer Financial Guaranty Insurance Co. Read the Daily Bankruptcy Review article here . ... Read full article

Carolyn Kaster/Associated Press Harvey Miller, business finance and restructuring partner Weil, Gotshal & Manges LLP, is sworn in during a Financial Crisis Inquiry Commission ... Read full article

This week on The Broke and the Beautiful, a dispute over Sherman Hemsley’s residuals won’t go to arbitration, and Wayne Newton’s estate is on the market. Also, Kerry Katona is having a baby. ... Read full article

Carolyn Kaster/Associated Press Harvey Miller, business finance and restructuring partner Weil, Gotshal & Manges LLP, is sworn in during a Financial Crisis Inquiry Commission ... Read full article

A potential bidding war is brewing for Furniture Brands International Inc., the big furniture manufacturer that filed for Chapter 11 earlier this week with a plan to sell most of its assets to Oaktree Capital Management. Read the Daily Bankruptcy Review ... Read full article