News Topic: WSJcomBankruptcyBeat

According to The Wall Street Journal , investigators are probing whether a $175 million transfer from an MF Global Holdings Ltd. customer account three days before the firm’s bankruptcy may have run afoul of Securities and Exchange Commission and CME ... Read full article

When charter-air servicer Direct Air suddenly canceled service and filed for bankruptcy earlier this month, it left many customers stranded and frustrated. But there did seem to be some good news—customers would be able to get unused ticket refunds ... Read full article

For more than two hours, three MF Global executives frustrated and stymied lawmakers in both parties who demanded answers about money transfers made in late October that left the securities firm’s customers with losses, The Wall Street Journal reports . ... Read full article

Howrey LLP’s former top dogs could face lawsuits in the defunct law firm’s bankruptcy. The Am Law Daily dug up court filings disclosing “an extensive review” of one ex-partner’s emails for the purpose of investigating “whether the estate has claims ... Read full article

A group led by basketball star Magic Johnson won the Los Angeles Dodgers at a bankruptcy auction Tuesday, The Wall Street Journal reports . ... Read full article

European Pressphoto Agency Brides running to get to the racks of wedding dresses at the annual Filene’s Basement Running of the Bride’s event in Miami in May 2011. Ho ... Read full article

Bloomberg News Two days after failed solar-power company Solyndra filed for Chapter 11 bankruptcy protection, its California headquarters became the site for a surprise raid ... Read full article

A House subcommittee said a top lawyer at J.P. Morgan Chase & Co. will testify at a highly anticipated hearing Wednesday into the collapse of MF Global Holdings Ltd. Read The Wall Street Journal story here . ... Read full article

Jon S. Corzine gave “direct instructions” to move $200 million from an MF Global Holdings Ltd. account containing customer funds three days before the securities firm collapsed, according to an employee email reviewed by congressional investigators. Read ... Read full article

Getty Images When the U.S. ... Read full article

This week, bankruptcy doesn’t stop the Los Angeles Dodgers from earning the second spot in Major League Baseball’s most valuable team rankings. In other news, MGM is bouncing back from bankruptcy, while Venus Williams reaches for a fashion (and tennis) ... Read full article

The parent of American Airlines said Thursday it would ask its bankruptcy judge to reject its existing labor contracts so it can impose its own terms in pursuit of $1.25 billion in savings the carrier maintains are essential for its survival. Read The ... Read full article

Getty Images Monday marked the three-month anniversary of Eastman Kodak Co.’s Chapter 11 filing, so it’s about time for the imaging company’s attorneys and advisers to be callin ... Read full article

Years of a struggling economy have claimed another victim: distressed-debt investors who are raking billions of dollars of bankruptcy winnings off the table are casting about desperately for someplace to put the money to work.  Read the Daily Bankruptcy ... Read full article

Associated Press Blue flywheel battery pits are seen at Beacon Power in Stephentown, N.Y., on July 7, 2011. ... Read full article

Lawyers for Treasury Secretary Timothy Geithner said he will respond to questions from Lehman Brothers Holdings Inc.’s creditors over allegations that J.P. Morgan Chase & Co. illegally siphoned billions of dollars from the collapsing investment bank ... Read full article

It’s been a rough few years for Thumb Oilseed Cooperative Inc. With its second product recall for salmonella in as many years, the Michigan soy product producer landed in Chapter 11 Monday. Thumb Oilseed sells soy flour, soy grits and refined soy oil ... Read full article

Tokyo-based chip maker Elpida Memory Inc. is asking a U.S. court to protect its assets while it works to restructure its debts in Japan. Read the Daily Bankruptcy Review story here . ... Read full article