People

Government Squares Off With Farkas Over Rare Car

03/06/12
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

[more]

Is MF Global a Deadbeat Dad?

03/06/12
Reuters

Just what kind of parent is MF Global Holdings Ltd.? To one customer in the commodities firm’s bankruptcy case, the answer is essentially “deadbeat.”

[more]

The Daily Docket: JeffCo Can Continue Chapter 9

03/06/12

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 print in Alabama state law. Read the Daily Bankruptcy Review article via The Wall Street Journal.

[more]

Farkas to Government: Don’t Take My Car!

03/02/12
Bloomberg News
Lee Farkas

Writing from prison, Lee Farkas is asking the federal government not

[more]

The Broke and the Beautiful: Kodak in the Rough Edition

03/02/12

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.

[more]

Kodak Stars in Oscars Jokes

02/27/12
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.

[more]

The Broke and the Beautiful: Oscars Edition

02/24/12

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.

[more]

The Broke and the Beautiful: Busey Redux Edition

02/17/12

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 Rothstein.

[more]

The Daily Docket: Lehman Seeks to Subpoena Geithner

02/17/12

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 bankruptcy. Read the Daily Bankruptcy Review article here.

[more]

The Daily Docket: Kodak Can Keep Borrowing On Loan

02/16/12

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.

[more]