Restructuring

Watchdog Asks To Stub Pot Grower’s Bankruptcy

05/18/12

: Associated Press

The feds are burned out with a medical marijuana grower that it suspects isn’t quite taking its bankruptcy case seriously.

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The Broke and the Beautiful: Mitt Romney Edition

05/18/12

This week on The Broke and the Beautiful, presidential hopeful Mitt Romney faces criticism from President Obama’s re-election campaign over the practices of his former employer, private equity firm Bain Capital. Also, Nadya “Octomom” Suleman’s Chapter 7 bankruptcy case has been tossed.

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The Daily Docket: Funds Seek Bankruptcy For Allied

05/18/12

Hedge funds owed nearly $53 million have moved to push Allied Systems Holdings Inc. into an involuntary bankruptcy case, a remedy for what they claim are improper moves by owner Yucaipa Cos. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lawmakers Kill Jefferson County Rescue Bill

05/17/12

Alabama lawmakers refused to throw struggling Jefferson County a financial lifeline with a bill that would have allowed it raise millions of dollars in taxes. The move would have helped the county plug holes in its general fund and ease it out of bankruptcy sooner. Read the Daily Bankruptcy Review article here.

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Signed, Sealed, But Not Delivered?

05/16/12

: Getty Images

American Airlines’ restructuring has put the airline into frequent conflict with its employees. The latest bone of contention? Peel-off mailing labels.

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The Daily Docket: Court Reverses Tousa Decision

05/16/12

A federal appeals court has reversed a lower court decision involving the bankruptcy of Florida home builder Tousa Inc. in a closely watched court case that could have far-reaching implications for lenders of struggling companies and their creditors. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Hostess Can’t Shed Union Deals

05/15/12

: Associated Press

A judge Monday denied Hostess Brands Inc.’s bid to shed deals with its biggest union, the Teamsters, sending the bakery company back to the drawing board as it tries to claw its way out of its

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Dewey Troubles Touch NewPage Chapter 11

05/14/12

: Reuters; A man moves boxes out of the offices of Dewey & LeBoeuf.

Curious what happens to a client whose law firm is on the brink of collapse?

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The Broke and the Beautiful: T.O. Edition

05/11/12

This week on The Broke and the Beautiful, Terrell Owens opens up to famed talk-show host Dr. Phil, and the Phoenix Coyotes might be ending its period of NHL ownership. Also this week, Gary Busey has a new job.

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