News Topic: White-Collar Crime

A judge on Tuesday gave Residential Capital LLC 60 days from now to file a restructuring plan without having to worry about rival proposals, as the company seeks to settle the complex issues surrounding its bankruptcy case. Read the Daily Bankruptcy ... Read full article

Ally Financial Inc. mortgage subsidiary Residential Capital LLC said bondholders wishing to file their own reorganization plan just want the Chapter 11 case to become one “replete with competing plans and open warfare.” Read the Daily Bankruptcy Review ... Read full article

Associated Press American Airlines says Travelport Ltd. shouldn’t be allowed to delay a fast-approaching antitrust trial in which “billions of dollars” are potentially on the line. ... Read full article

Associated Press Atlantic City, N.J.’s Revel casino is getting ready to file for bankruptcy, The Wall Street Journal ... Read full article

This week on The Broke and the Beautiful, actress and singer Martine McCutcheon is in bankruptcy, and Chapter 11 has claimed another special-effects studio. ... Read full article

Hawker Beechcraft Inc. won court approval Friday of its plan to exit bankruptcy under the control of a group of hedge funds, a ruling the company hopes will lead to it being out of Chapter 11 by the end of February. Read the Daily Bankruptcy Review ... Read full article

This week on The Broke and the Beautiful Kodak may not have the naming rights for the theater where the Oscars are held, but it’s still starring in the best picture nominations. Also, the trustee for former University of Miami booster Nevin Shapiro’s ... Read full article

Reuters MF Global Holdings Ltd.’s bankruptcy judge on Thursday approved a key settlement among the failed brokerage’s three key constituents, opening up the possibility that the remaining money owed to customers could start flow ... Read full article

Attorneys who are steering struggling Stockton, Calif., through bankruptcy got the power to negotiate deals with creditors with far more secrecy than the usual bankruptcy case. Read the Daily Bankruptcy Review article here . ... Read full article

Getty Images McKee Foods Corp. ... Read full article

This week on The Broke and the Beautiful, actor Patrick Dempsey, aka TV’s “McDreamy,” gives us the scoop on his purchase of the Tully’s coffee chain out of bankruptcy. Also this week, boxing promoter Don King is settling a score—on litigation related to ... Read full article

Reuters The Atari booth is pictured during E3, the Electronic Entertainment Expo, in Los Angeles in this June 8, 2011, file photo. Atari Inc., the New York ... Read full article

A judge on Thursday held off approving a deal between Hawker Beechcraft Inc . and Pension Benefit Guaranty Corp. to scrap two underfunded Hawker pension plans, saying some pension recipients negatively affected by the proposal haven’t been properly ... Read full article

It was seemingly overnight that a larger-than-life personality made a splash on the South Florida social scene, showing off his luxury cars, tailored suits and trophy wife as well as dropping big bucks on multiple charities and sports sponsorships. ... Read full article

Just out of bankruptcy, Tribune Co. intends to drop the bulk of some 170 lawsuits that targeted senior media executives who cashed in on the going-private deal that ruined the company’s finances. Read the Daily Bankruptcy Review article here . ... Read full article

Getty Images Flowers Foods Inc.  is set to kick off bidding for most of Hostess Brands Inc.’s bread business, offering a total of up to $390 million for brands and other assets including Wonder Bread and Nature’ ... Read full article

K-V Pharmaceutical Co. Monday unveiled a bankruptcy-exit plan that hinges on a $20 million rights offering and has already earned the support of a group of senior noteholders. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, Tim Durham can’t afford to appeal his fraud conviction, and Betsey Johnson has no plans to retire. Also, a museum dedicated to Wayne Newton is up for sale. ... Read full article