The Federal Deposit Insurance Corp. and Bank of America Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy ... Read full article
The Pittsburgh Riverhounds soccer team has a plan to get out of bankruptcy with a new owner: a local businessman who has already extended several million dollars to keep the team kicking. ... Read full article
Capmark Financial Group reached a settlement with its former head honcho over the nearly $17 million he received when he left the commercial real estate lender the year before its bankruptcy, but one key detail is under wraps—how much the individual will ... Read full article
Lehman Brothers Holdings Inc.’s brokerage is asking a U.S. court to reconsider its ruling affirming Barclays PLC’s right to billions of dollars in disputed assets, saying the decision throws into question the integrity of bankruptcy sales. Read the Daily ... Read full article
With the closure of Bryman College and sister school BioHealth College, programs to protect its more than 300 students sprang into action, helping them obtain tuition refunds and loan forgiveness. But for the colleges’ 85 employees—who were laid off ... Read full article
The Revel Casino Hotel in Atlantic City, N.J., in Feb. ... Read full article
India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy ... Read full article
Energy Future Holdings Corp. Tuesday successfully fended off questions from creditors anxious to probe the financial health of a company division that is the target of deal talks. ... Read full article
The Chicago Bears are up against a tough foe, but not on the gridiron. Try bankruptcy court. ... Read full article
Daehan Shipbuilding Co. Ltd. filed for Chapter 15 bankruptcy protection Monday in New York, seeking to shield its U.S. assets from efforts to collect a $54.5 million judgment. Read the story in the Daily Bankruptcy Review. ... Read full article
Latin American Nextel wireless provider NII Holdings Inc. won’t make a $118.8 million interest payment to bondholders, the company announced Friday, days after it warned it would likely have to file for Chapter 11 bankruptcy protection. Read the Daily ... Read full article
A closed Crumbs Bake Shop store is seen in New York July 8, 2014. ... Read full article
General unsecured creditors of Lehman Brothers Inc. will receive $4.6 billion in their first distribution, perhaps as soon as next month. The Wall Street Journal has the Daily Bankruptcy Review article here . ... Read full article
Investigations trying to unwind the machinations of Bernie Madoff’s Ponzi scheme in 2009 were surprised to find what appeared to be another Ponzi scheme inside it, and the father-and-son team that were running that scam this week pleaded guilty. ... Read full article
Creditors threatened with big losses in Energy Future Holdings Corp.’s bankruptcy case are demanding answers about the tax issues they say are driving the big Dallas power seller’s strategy for restructuring its $42 billion debt load. Read the Daily ... Read full article
A small hospital in Bloomington, Ind., has filed for bankruptcy with an eye-popping $134 million worth of debt. Officials at Monroe Hospital, which has 32 beds but only cares for an average of eight patients, told a federal judge that the hospital owes ... Read full article
Embattled for-profit education company Corinthian Colleges Inc. will likely need to raise more money in order to complete its plan to sell the majority of its Everest, WyoTech and Heald campuses during the next six months, the company said Wednesday. Read ... Read full article
Houlihan Lokey is firing up PowerPoint and striking a strategic partnership with a consulting firm. The boutique investment bank has taken a stake in Chicago-based management and strategy consulting outfit Bridge Strategy Group, it announced today. It’s ... Read full article
Stephen Darr is no stranger to complex bankruptcies, but one case tops the list. In June, a bankruptcy judge authorized Mr. Darr to take control of TelexFree LLC, a Massachusetts-based company accused by federal securities regulators of operating a ... Read full article
A U.S. bankruptcy judge has called a temporary truce in a fight between Nortel Networks Corp.’s U.S. division and the Canadian parent company over a $1 billion settlement with bondholders. Judge Kevin Gross pushed off until October a planned September ... Read full article
