White-Collar Crime

The Daily Docket: Barclays Favored in Lehman Trustee Dispute

06/06/12
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A judge on Tuesday ruled largely for Barclays PLC in the bank’s ongoing dispute with the trustee unwinding Lehman Brothers Holdings Inc.’s brokerage stemming from Barclays’ 2008 purchase of the brokerage, a decision th

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The Daily Docket: Justice Dept. Takes Aim at Bankruptcy Fees

06/05/12

The Department of Justice’s point man for bankruptcy cases on Monday challenged attorneys’ resistance to his bid to ensure the “extraordinarily large” fees he says they charge are reasonable and warranted Read the Daily Bankruptcy Review story here.

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The Broke and the Beautiful: Heavy Hitters Edition

06/01/12

This week on The Broke and the Beautiful, a judge approved a settlement between the owners of the New York Mets and the trustee recovering money for Bernard Madoff’s fraud victims, and ex-Dodgers owner Frank McCourt is facing a grand-jury investigation. Also, former football great Jamal Lewis has hiked himself to bankruptcy court.

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The Daily Docket: RG Steel Enters Bankruptcy

05/31/12

RG Steel LLC filed for Chapter 11 bankruptcy protection Thursday, days after admitting it was “confronted with an immediate, unexpected liquidity crisis.” Read the Daily Bankruptcy Review article here.

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The Daily Docket: NewPage Bondholders Seek Transparency

05/23/12

A group of NewPage Corp. bondholders, which doesn’t appear to have publicly disclosed who its members are or the amount of debt they hold, say the public interest is best served by unsealing a potential lawsuit they may face from a rival creditor group. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lawmakers Kill Jefferson County Rescue Bill

05/17/12

Alabama lawmakers refused to throw struggling Jefferson County a financial lifeline with a bill that would have allowed it raise millions of dollars in taxes. The move would have helped the county plug holes in its general fund and ease it out of bankruptcy sooner. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Alabama Says Munis Can Enter Bankruptcy

04/23/12

Alabama’s top court ruled that the state’s struggling cities and counties have the power to file for Chapter 9 bankruptcy protection, a decision that largely frees the state’s most populous metropolitan area to move ahead with its five-month-old bankruptcy case. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Creditors Question Hostess Pay

04/05/12

Creditors of Hostess Brands Inc. said in court papers the company may have “manipulated” its executives’ salaries higher in the months leading up to its Chapter 11 filing, in what the creditors called a possible effort by Hostess to “sidestep” Bankruptcy Code compensation provisions. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: JeffCo Seeks to Halt Lawsuit

04/04/12

Jefferson County, Ala., is worried that it could be exposed to another multimillion-dollar debt on a lawsuit with Wall Street bond insurers. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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