White-Collar Crime

The Daily Docket: IndyMac Leaders to Settle Lawsuit

07/09/12

The former leaders of failed IndyMac Bancorp, including ex-Chief Executive Michael Perry, have agreed to settle a class-action securities lawsuit stemming from the bank-holding company’s collapse four years ago. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Broke and the Beautiful: Hot Edition

07/06/12

This week on The Broke and the Beautiful, the trustee for Scott Rothstein’s law firm makes a slam dunk with a Miami Heat settlement, and college football coach John L. Smith may enter bankruptcy. Also, Thomas Kinkade’s wills won’t be in the dark.

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The Daily Docket: Dynegy Inc. Enters Bankruptcy

07/06/12
Bloomberg News
Electrical components stand outside the natural gas fired 1200-megawatt Kendall Energy power plant, owned by Dynegy Inc., in Minooka, Ill.

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The Daily Docket: Mammoth Lakes Enters Bankruptcy

07/05/12

Mammoth Lakes, Calif., on Tuesday filed for Chapter 9, or municipal bankruptcy, less than a week after nearby Stockton, Calif., sought the same protection. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Sells Aurora Bank

07/02/12

Lehman Brothers Holdings Inc. said Friday it has sold its Aurora Bank FSB subsidiary, a move that should help funnel some $1.5 billion into the pockets of Lehman’s creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Broke and the Beautiful: Octomom Redux Edition

06/29/12

This week on The Broke and the Beautiful, Nadya “Octomom” Suleman said she still believes in homeownership, and Lenny Dykstra pleaded guilty to bankruptcy fraud. Also, Curt Schilling’s videogame company is under investigation.

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The Daily Docket: Stockton Enters Bankruptcy

06/29/12

The city of Stockton, Calif., filed for Chapter 9 protection, The Wall Street Journal reports.

MF Global is proving to be catnip for distressed-debt buyers, according to a new report showing that more than $246 million of the failed brokerage’s debt changed hands last month. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Patriot Coal Bondholders May Not Recover Much in Restructuring

06/28/12

A shrinking cash position and mounting liabilities indicate that holders of Patriot Coal Corp.’s convertible bonds would be hard pressed to recover much of their investment in case of a restructuring, credit market watchers say. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Stockton Votes for Bankruptcy Budget

06/27/12
Associated Press
Stockton Mayor Ann Johnston speaks with a city worker prior to a meeting of the City Council Tuesday, June 26, 2012, in Stockton, Calif.

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The Daily Docket: Cinram Enters Bankruptcy

06/26/12

Struggling to figure out how to sell DVDs and CDs in a download-driven world, Toronto-based movie and music seller Cinram International Inc. has filed for bankruptcy protection while its executives move to sell its operations. Read the Daily Bankruptcy Review Small Cap article here.

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