News Topic: White-Collar Crime

Shareholders for Italian airline Alitalia approved a proposal to raise up to EUR300 million ($406.9 million) to try to save it from bankruptcy, The Wall Street Journal reports . According to WSJ , some of Suntech’s U.S. bondholders are trying to force the ... Read full article

Getty Images Citigroup Inc. ... Read full article

Furniture Brands International Inc.’s board of directors has switched course, replacing Oaktree Capital Management with New York’s KPS Capital Partners LP as the lead bidder at an upcoming bankruptcy auction. Read the Daily Bankruptcy Review article here ... Read full article

GateHouse Media Inc. started voluntary Chapter 11 bankruptcy proceedings in a federal court in Delaware, moving forward with its prepackaged plan to reorganize. Read the article in Daily Bankruptcy Review . ... Read full article

A judge on Tuesday forced LightSquared to remove an independent director named to help oversee the sale of the Philip Falcone-controlled wireless satellite company, agreeing with lenders that her sour relationship with would-be buyer Dish Network Corp. ... Read full article

Associated Press In this Jan. ... Read full article

Bank lenders Monday officially ratcheted down the pressure on Overseas Shipholding Group Inc. after the tanker company unveiled financial projections that will be the basis for restructuring talks. Read the Daily Bankruptcy Review article here . ... Read full article

The Wall Street Journal has more on Detroit residents speaking out to a bankruptcy judge on their fears of not getting full pensions. Read more about the bankruptcy filing of golf-course retirement community Devonshire in Daily Bankruptcy Review . ... Read full article

Susan Walsh/Associated Press In this Tuesday, Dec. 13, 2011, file photo, former MF Global Holdings Ltd. ... Read full article

Greg Gilbert/Associated Press In this June 9, 2011, file photo, Heidi Bray, of Olympia, Wash. ... Read full article

Associated Press/Jim Lukoski In this May 12, 1984 file photo, subway commuters point to a poster sporting a caricature of a nearly nude Walter Mondale that promotes the curre ... Read full article

Syncora Guarantee Inc., the bond insurer caught up in the battle over Detroit’s casino tax revenue, is appealing a bankruptcy judge’s decision that has allowed millions of dollars of those taxes to continue flowing to the city throughout its historic $18 ... Read full article

Furniture Brands International Inc., one of the largest furniture manufacturers in the U.S., filed for bankruptcy Monday with a deal to sell its assets to investment firm Oaktree Capital Management for $166 million. Read the Daily Bankruptcy Review ... Read full article

This week on The Broke and the Beautiful, Alex Rodriguez’s troubles pushed the producer of a new cartoon into bankruptcy. Also, Warren Sapp’s shoes were finally sold and the former Versace mansion is about to hit the auction block. ... Read full article

MSD Performance Inc., which makes performance auto products for street and racing use, on Thursday filed for Chapter 11 protection. Read the DBR Small Cap article here . ... Read full article

Associated Press This undated photo provided by Casa Casuarina shows the pool of Casa Casuarina, the mansion once owned by by Italian designer Gianni Versace, in Miami Beach, ... Read full article

Eastman Kodak Co. is likely to officially leave bankruptcy Tuesday, USA Today reports . ... Read full article

Overseas Shipholding Group Inc. Monday said it may owe $460 million or more to the Internal Revenue Service, a finding that is likely to upset its Chapter 11 bankruptcy case. Read the Daily Bankruptcy Review article here . ... Read full article