News Topic: People

Bloomberg News Lee Farkas is imprisoned at the Butner Federal Correctional Complex in Butner, N.C. Once the train of forfeiture is chugging down the track ... Read full article

A Birmingham, Ala., judge ruled that Jefferson County can move forward with its Chapter 9 bankruptcy case—the largest municipal case in U.S. history—against the efforts of big Wall Street banks that argued that it should be thrown out because of fine ... Read full article

Bloomberg News Lee Farkas Writing from prison, Lee Farkas is asking the federal government not ... Read full article

This week on The Broke and the Beautiful, Kodak wants to reject an agreement with the PGA Tour and stars in Billy Crystal’s Oscars jokes. Also this week, Oscar winner Meryl Streep donates money to a school in Central Falls, R.I. ... Read full article

Associated Press Host Billy Crystal speaks onstage during the 84th Academy Awards on Sunday. If he was taking bets on Sunday’s Academy Awards, Judge Allan L. ... Read full article

This week on The Broke and the Beautiful, the name Kodak Theatre is no more and Joe Torre has dropped his bid for the Los Angeles Dodgers. Also, sports agent Leigh Steinberg opens up about his downfall. ... Read full article

This week on The Broke and the Beautiful, Gary Busey’s assets are revealed. Also, Tionne “T-Boz” Watkins’s bankruptcy case has been dismissed, and Don Henley’s nonprofit group will return half of the donation it got from Ponzi-scheme operator Scott ... Read full article

Lehman Brothers Holdings Inc. and its creditors said they want to subpoena Treasury Secretary Timothy Geithner over allegations J.P. Morgan Chase & Co. illegally siphoned billions of dollars from the collapsing investment bank before it filed for ... Read full article

A judge on Wednesday said Eastman Kodak Co. could continue borrowing on its $950 million bankruptcy loan from Citigroup Inc., after satisfying several parties’ concerns with it. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press A firm that helps companies manage popular brands from Pepsi to Pez is losing one of its bombshell contracts—the right to license a treasure trove of Marilyn ... Read full article

Singer T-Boz may have won several Grammys as a member of the group TLC, but she didn’t win the favor of the judge who tossed her third bankruptcy case. Court papers show the move came at the request of the trustee overseeing the bankruptcy of T-Boz, who ... Read full article

The trustee supervising the liquidation of MF Global Holdings’ brokerage on Friday said that more than $1.6 billion in customer cash remains out of his grasp, more than previously estimated. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, actor and “Celebrity Apprentice” contestant Gary Busey files for Chapter 7 bankruptcy, and Chrysler’s Super Bowl ad sparks controversy. Also, the New York Mets’ owners face new allegations regarding Bernard ... Read full article

This week on The Broke and the Beautiful, Kodak wants to pull its name from Hollywood’s Kodak Theatre, and actress Debbie Reynolds is writing a new memoir. Also, “30 Rock” star Tracy Morgan’s mom is facing foreclosure. ... Read full article

Associated Press American Airlines parent AMR Corp. ... Read full article

A judge Thursday cleared Hostess Brands Inc. to borrow the entirety of its $75 million bankruptcy loan, siding with the maker of Twinkies and Wonder Bread over protests from unsecured creditors who warned the financing deal would drive the company toward ... Read full article

Associated Press Jim Crane Stuck at the unfortunate end of the debt-clogged sewer system of Jefferson County, Ala., you’ll find Houston Astros owner Jim Crane. ... Read full article

Empowered by a recent court ruling, Jefferson County, Ala., leaders are planning to wield their bankruptcy case privileges to squeeze sewer system bondholders who—for nearly half a decade—have squeezed them. Read the Daily Bankruptcy Review article here . ... Read full article