Freddie Mac is seeking to put the brakes on a recently proposed $1.6 billion settlement involving the bankruptcy estate of Taylor, Bean & Whitaker Mortgage Corp. and Bank of America over assets tangled up in the massive fraud at the disgraced mortgage ... Read full article
Major League Baseball says the hedge fund keeping the Los Angeles Dodgers afloat while in bankruptcy has collected a surreptitious $5.25 million fee that the lender and baseball team’s owner have intentionally withheld from the court. Read the Daily ... Read full article
Shipping company Omega Navigation Inc. and nine of its subsidiaries filed for Chapter 11 bankruptcy protection in Texas Friday after failing to strike a deal with its senior lenders on an out-of-court debt restructuring. Read the Daily Bankruptcy Review ... Read full article
The Home Affordable Modification Program, HAMP, a home loan modification program to avoid foreclosure, once touted as key to helping millions of homeowners who were “underwater” due to plummeting home values, suffered a loss when the House of ... Read full article
A majority of respondents to an American Bankruptcy Institute poll said creditors of failed investment bank Lehman Brother Holdings Inc. wouldn’t have fared better in a post-Dodd-Frank world. The strenuously negotiated financial reform law put into place ... Read full article
A federal judge on Thursday sentenced former Taylor, Bean & Whitaker Mortgage Corp. Chairman Lee Farkas to 30 years in prison for running a multibillion-dollar fraud scheme that led to the collapse of the mortgage lender and a major bank. Read the ... Read full article
EPA/Erik S. Lesser A lot of odd things have happened to pitcher Vicente Padilla during his 13-season Major League career. ... Read full article
The Los Angeles Dodgers received court approval Tuesday to tap part of a $150 million bankruptcy loan from a J.P. Morgan Chase & Co.-owned hedge-fund manager that will fund the team’s operations while owner Frank McCourt scrambles to keep control of ... Read full article
The Los Angeles Dodgers turned to a hedge-fund manager owned by J.P. Morgan Chase & Co. to finance its operations––including meeting player payroll this week––while embattled owner Frank McCourt maneuvers to retain control of the baseball team through ... Read full article
The troubled Los Angeles Dodgers baseball club filed for bankruptcy in Delaware. Our colleagues at Deal Journal have the Chapter 11 pettion . ... Read full article
