Ambac Financial Group Inc. said it doesn’t owe hundreds of millions of dollars in back taxes that the Internal Revenue Service is going after, a claim that contributed to Ambac’s filing for Chapter 11 bankruptcy protection last fall. Read the Daily ... Read full article
Still smarting from a recent bankruptcy court ruling in favor of Colonial BancGroup Inc., the Federal Deposit Insurance Corp. says the bank-holding company is dragging its feet in a bid to derail an upcoming hearing in their long-running legal fight. Read ... Read full article
Eight months after emerging from Chapter 11 protection, Extended Stay Inc.’s prior owners and lenders—including Blackstone Group LP, are being sued over the $8 billion leveraged buyout that preceded the hotel chain’s bankruptcy. Read the Daily Bankruptcy ... Read full article
A judge on Wednesday pushed back a ruling on whether DBSD North America Inc. can move forward with its $1.1 billion sale to Dish Network Corp., giving DBSD and its creditors time to discuss details of the Dish plan and a competing plan by Phil Falcone’s ... Read full article
Getty Images In the event of a federal government shutdown, it may be the U.S. bankruptcy courts that keep the federal judiciary humming. ... Read full article
A bankruptcy judge approved a deal struck between a former law partner of Ponzi-scheme operator Scott Rothstein and the bankruptcy trustee suing that partner for several hundred thousand dollars. Judge Raymond B. Ray of the U.S. Bankruptcy Court in Fort ... Read full article
