News Topic: Uncategorized

K-V Pharmaceutical Co . filed for Chapter 11 bankruptcy, a move it said was propelled by the U.S. Food and Drug Administration ‘s failure to enforce orphan drug exclusivity granted to K-V’s key premature-birth drug, Makena. Read the Dow Jones story here ... Read full article

Knight Capital Group Inc. told Wall Street brokers on Friday morning that the battered securities firm obtained a credit line that will allow it to operate for the day, The Wall Street Journal reports , citing people familiar with the matter. ... Read full article

LightSquared ‘s lenders says Philip Falcone ‘s Harbinger Capital Partners won’t hand over documents they are requesting as part of an investigation over whether they can pursue claims against Harbinger and the wireless satellite company. Read the Daily ... Read full article

Ahern Rentals Inc.’s bid to retain control of its bankruptcy case has triggered protests from noteholders who blame the company’s chief executive for stalling its reorganization and who accuse him of twisting the process for his own benefit. Read the ... Read full article

The trustee overseeing Peregrine Financial Group Inc. on Thursday outlined plans for the liquidation of the failed U.S. brokerage, seeking court permission to run the business and retain some staff. Read the Wall Street Journal story here . ... Read full article

Bankruptcy attorneys are required to file a statement of compensation for each bankruptcy case. The statement discloses all forms of past, present, and future compensation. If they charge a client additional fees after the case is filed the attorney is ... Read full article

Written by Craig D. ... Read full article

The Department of Justice’s point man for bankruptcy cases on Monday challenged attorneys’ resistance to his bid to ensure the “extraordinarily large” fees he says they charge are reasonable and warranted Read the Daily Bankruptcy Review story here . ... Read full article

Alphonso “A.K.” Harper and Alfred C. Fuller have a lot in common. At the turn of the century, when they were each 21 years old, the young men, one in Iowa and one in New England, started businesses selling custom brushes door-to-door. ... Read full article

Reuters The man in charge of paying creditors of Borders Group Inc. ... Read full article

This week on The Broke and the Beautiful, rapper Young Buck agreed to a plea deal and has been kicked out of his house. Also, TLC member T-Boz is getting sued for not making car payments. ... Read full article

Houghton Mifflin Harcourt Publishing Co. filed for Chapter 11 bankruptcy protection Monday after striking a deal with its creditors to slash more than $3 billion in debt off its balance sheets. Read the Daily Bankruptcy Review story here . ... Read full article

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 ... Read full article

Ally Financial Inc. placed its ResCap mortgage subsidiary into bankruptcy early Monday in an attempt to jettison what has long been a drag on its business. ResCap’s initial bankruptcy filings also list the company’s largest unsecured creditors, a group ... Read full article

Ally Financial Inc.’s troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on its other operations and prevented it from repaying ... Read full article

Houghton Mifflin Harcourt Publishers Inc. has formed an agreement with a majority of its creditors to eliminate $3.1 billion of debt, marking the publisher’s latest effort to tackle a heavy debt load in the face of weak textbook demand. Read the Dow Jones ... Read full article

... Read full article

... Read full article