The Daily Docket: MF Global Lawyer To Break Her Silence
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.
Ahern Rentals Inc. said it needs more time to develop a plan to get out of bankruptcy, as the construction equipment renter continues to deal with the effects of the housing market collapse. Read the Daily Bankruptcy Review story here.
Contract Research Solutions Inc., which does business under the name Cetero, filed for Chapter 11 bankruptcy protection on Monday with plans to a sell its asset to the highest bidder as the company has found itself bedeviled by high costs related to an investigation into one of its facilities by the U.S. Food and Drug Administration. Read the Daily Bankruptcy Review Small Cap story here.
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A federal judge has thrown out a legal challenge to part of the $7.2 billion settlement between the court-appointed trustee working to recover money for victims of Bernard Madoff’s Ponzi scheme and the estate of longtime Madoff investor Jeffry Picower, reports WSJ.
The Associated Press interviews Thomas W. Horton, CEO of American Airlines parent AMR Corp., about his plan to restructure the airline.
Peninsula Hospital Center in Queens is hobbling along after six months in bankruptcy, the AP reports, and there is talk of closing its doors.
The disgraced and ailing founder of the Parmalat dairy empire told an Italian court Monday that he realizes he is to blame for the suffering caused by the fraudulent bankruptcy of the company, reports the AP.
DealBook looks at whether criminal charges will be filed over transfers of customer funds in the final days before MF Global collapsed.
Dewey & LeBoeuf LLP, the New York- based law firm that lost its insurance group to other firms this month, is creating a new chairman’s office with five coequal members, including the head of its bankruptcy group, according to Bloomberg.
The Financial Times looks at the rapid rise and fall of “spreadbetting” group Worldspreads.
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