News Topic: White-Collar Crime

Warren Buffett  ’s Berkshire Hathaway Inc. was the winning bidder in a bankruptcy auction for a portfolio of loans from Residential Capital LLC , the subprime mortgage unit of government-owned Ally Financial Inc., ResCap said Thursday. Read the Daily ... Read full article

Nationstar Mortgage Holdings Inc. submitted a $2.67 billion bid at a bankruptcy auction for the mortgage assets of Residential Capital on Tuesday, topping a bid by Ocwen Financial Corp., people familiar with the matter said. Click here to read the article ... Read full article

A former Taylor Bean and Whitaker Corp. subsidiary is renewing its bid to probe whether Freddie Mac “aided and abetted” the multibillion-dollar bank fraud at the failed mortgage lender. Read the Daily Bankruptcy Review article here . ... Read full article

A bidding war for A123 Systems Inc. broke out in bankruptcy court Thursday between a spurned Chinese suitor and an American auto-parts maker. Read the Daily Bankruptcy Review article here . ... Read full article

The fight to bring four marquee U.S. hotels out of bankruptcy is turning increasingly nasty, with a hedge fund accusing the company that oversees their mortgage debt of “bullying” management into accepting a $1.5 billion offer from Singapore’s sovereign ... Read full article

This week on The Broke and the Beautiful, we’re betting financial self-help guru Robert Kiyosaki isn’t feeling so rich. Also, testimony from Nevin Shapiro’s right-hand man is stirring the pot for the Miami Hurricanes. ... Read full article

The feds will decide within six months whether those involved with New Stream Capital LLC will face criminal charges, but until then, founder David Bryson and other ex-employees will be taking the Fifth Amendment and refusing to answer questions about the ... Read full article

Associated Press After winning crucial labor relief, Hostess Brands Inc. filed its plan to pay creditors and emerge from Chapter 11 protection. ... Read full article

A majority of American Eagle pilots have voted in favor of a new labor agreement between their union and AMR Corp., the regional airline’s parent. Read the Daily Bankruptcy Review article here . ... Read full article

Pinnacle Airlines Corp.'s thousands of pilots and flight attendants are objecting to the airline’s bid to scrap their contracts, a move the regional carrier says is necessary to exit bankruptcy protection. Read the Daily Bankruptcy Review article ... Read full article

Arcapita Bank’s unsecured creditors say a proposed $150 million financing package from Silver Point Finance LLC is structured to benefit the lender at other creditors’ expense and to preclude the company from pursuing other options. Read the Daily ... Read full article

Reuters The trustee winding down Lehman Brothers’ brokerage has settled a $6 billion dispute with the failed investment bank’s former Swiss derivatives unit, one of the last holdouts among Lehman’s foreign affil ... Read full article

Bakers Footwear Group Inc. has filed for bankruptcy protection, The Wall Street Journal reports . ... Read full article

Philip Falcone ‘s LightSquared on Friday made a proposal to the Federal Communications Commission that the company hopes will solve the regulatory issues surrounding its wireless satellite network and help it build its business faster without abandoning ... Read full article

This week on The Broke and the Beautiful, Digital Domain creative leaders want a happy ending, and a Lynyrd Skynyrd-themed restaurant finds a sweet home in bankruptcy. Also this week, a Ponzi-scheme operator disputed a lawsuit involving musician John ... Read full article

Reuters Lehman Brothers Holdings Inc. ... Read full article

Honda/AFP/Getty Images General Motors Co . ... Read full article

Associated Press Hostess Brands Inc. Tuesday launched its courtroom campaign to impose new labor deals on a group of unions that represent a small slice of the Twinkie maker’s workforce. ... Read full article