Jon S. Corzine gave “direct instructions” to move $200 million from an MF Global Holdings Ltd. account containing customer funds three days before the securities firm collapsed, according to an employee email reviewed by congressional investigators. Read ... Read full article
This week, bankruptcy doesn’t stop the Los Angeles Dodgers from earning the second spot in Major League Baseball’s most valuable team rankings. In other news, MGM is bouncing back from bankruptcy, while Venus Williams reaches for a fashion (and tennis) ... Read full article
The parent of American Airlines said Thursday it would ask its bankruptcy judge to reject its existing labor contracts so it can impose its own terms in pursuit of $1.25 billion in savings the carrier maintains are essential for its survival. Read The ... Read full article
Years of a struggling economy have claimed another victim: distressed-debt investors who are raking billions of dollars of bankruptcy winnings off the table are casting about desperately for someplace to put the money to work. Read the Daily Bankruptcy ... Read full article
Tokyo-based chip maker Elpida Memory Inc. is asking a U.S. court to protect its assets while it works to restructure its debts in Japan. Read the Daily Bankruptcy Review story here . ... Read full article
Associated Press Paul Lips, left, and Jim Coleman, center, husband of Hope Center of Christ Pastor Sheila Coleman, greet worshippers to the church’s first service after breaking away from the C ... Read full article
The owners of the New York Mets baseball team and the trustee trying to recover money for victims of Bernard Madoff’s epic Ponzi scheme Jury settled as jury selection began. Read the story here in WSJ Law Blog. ... Read full article
The Broke and the Beautiful is feeling sporty this week, as the owners of the New York Mats go to bat in a trial related to the Madoff Ponzi scheme. Also, quarterback Michael Vick has paid off most of his debts, and the Spanish government is trying to ... Read full article
Dynegy defended its actions in transferring assets from its subsidiary to its parent company before bankrupting the subsidiary, a move a bankruptcy examiner blasted last week as fraudulent. Read the story here in Deal Journal. ... Read full article
A judge confirmed Ambac Financial Group Inc.’s plan to exit bankruptcy in the hands of its bondholders, a big step forward for a company that served as one of the enduring faces of the derivatives-driven financial services bubble and its catastrophic ... Read full article
Subsidiaries of Indonesian marine shipping company Berlian Laju Tanker on Wednesday filed for U.S. bankruptcy protection with the aim of enforcing an Indonesian court order barring creditors from arresting its tanker ships. Read the Daily Bankruptcy ... Read full article
The New Year’s Eve burglary of a California office building has led to the collapse of a national medical records firm. Impairment Resources LLC filed for bankruptcy Friday after the break-in at its San Diego headquarters led to the electronic escape of ... Read full article
