People

The Broke and the Beautiful: Boom Boom Pow Edition

04/20/12

This week on The Broke and the Beautiful, a former Black Eyed Peas manager has filed for bankruptcy, Gary Busey is giving out tax tips a little too late, and Lenny Dysktra has nailed a spot in the Los Angeles County Jail.

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The Daily Docket: Hostess CEO Seeks Pension Fix

04/19/12
Agence France-Presse/Getty Images

Hostess Brands Inc.’s chief executive says the contentious battle over union pension plans has become a “gate-keeping issue” in the case that

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The Broke and the Beautiful: Warren Sapp Edition

04/13/12
Associated Press
Warren Sapp

This week on The Broke and the Beautiful, former football star Warren Sapp’s debts catch up with him, broke sports agent Leigh Steinberg aims fo

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The Broke and the Beautiful: Newt Gingrich Edition

04/06/12

This week on The Broke and the Beautiful, Newt Gingrich’s think tank elects for bankruptcy protection, and the Dodgers and AFA Foods have a surprising connection. Also this week, Young Buck’s intellectual property is rapping its way toward the auction block.

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Young Buck Songs, Royalties on the Block

04/06/12

Whether you’re a music industry insider or a fan, listen up: rapper Young Buck’s intellectual property, including song compositions and royalties, can be yours.

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Newt Gingrich’s Health-Care Consulting Group Files for Chapter 7

04/05/12
Associated Press
Newt Gingrich

A consulting group started by Newt Gingrich has found itself in more trouble than the former House Speaker’s presidential campaign, filing f

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The Daily Docket: Creditors Question Hostess Pay

04/05/12

Creditors of Hostess Brands Inc. said in court papers the company may have “manipulated” its executives’ salaries higher in the months leading up to its Chapter 11 filing, in what the creditors called a possible effort by Hostess to “sidestep” Bankruptcy Code compensation provisions. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Minnesota Lawmakers Seek to Protect Nonprofits From Clawbacks

04/03/12

Minnesota lawmakers have passed legislation to protect nonprofits and religious groups from the so-called clawback lawsuits that are a crucial tool for recovering funds stolen from Ponzi-scheme victims.

That’s the idea behind the bill that now sits on the governor’s desk. If signed into law, the bill would limit the odds that these organizations could be sued under a current state law allowing the reversal of payments made in a fraudulent manner, according to the Star Tribune.

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The Broke and the Beautiful: Magic Edition

03/30/12

This week on The Broke and the Beautiful, the Los Angeles Dodgers have scored a new owner in basketball superstar Magic Johnson. Also, Dolby is making noise about acquiring naming rights to the former Kodak Theatre.

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The Daily Docket: Dodgers Sold for $2.15B

03/28/12

A group led by basketball star Magic Johnson won the Los Angeles Dodgers at a bankruptcy auction Tuesday, The Wall Street Journal reports.

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