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Bankruptcy news from FierceFinance
NewsMF Global update: $1.2 billion may be missing
The trustee in charge of the liquidation of MF Global has issued a release noting that even if he recovers "everything that is at US depositories, the apparent shortfall in what MFGlobal management Read more...
CFTC seeks widespread audits in wake of MF Global
Thanks, MF Global! The commodities industry is not feeling a lot of warmth and fuzziness for the disgraced brokerage firm and its former CEO, Jon Corzine. The CFTC has apparently ordered every Read more...
Lehman Brothers execs settle private suit for $90 million
It seems doubtful that prosecutors will bring criminal or civil charges against individual executives of Lehman Brothers. The top executives are no doubt breathing easier on that front. But there was Read more...
Wrongful foreclosures, evictions still make headlines
FierceFinance readers know that banks have all too often wrongfully foreclosed on homes, and in the process evicted the wrong people. This is most often a case of the local contractor botching their Read more...
Bank of America's foreclosure tactics criticized by judges
Bank of America (NYSE: BAC) has suffered bad PR for some real bone-headed moves by local vendors, who have tried to evict people from the wrong house, wrongfully foreclosed on several properties and Read more...
Catch-22: Modifications as solution to foreclosure mess
The solutions to the foreclosure fiasco under discussion involve some sort of modification, either by mediation or some other vehicle. If we see a nationwide settlement between top banks and mortgage Read more...
Bank of America to resume foreclosures, but wildcards loom
In a move that bodes well for banks in the on-going foreclosure mess, Bank of America (NYSE: BAC) says it will soon resume foreclosures in 23 "judicial" states, the ones that require a judge to Read more...
SEC's Lehman Brothers probe coming to a close?
It's been more than two years since Lehman Brothers was forced into bankruptcy, and it's still unclear if any executives will be charged with wrongdoing. There's a lot of activity underway, and some Read more...
Goldman Sachs sued in oil and gas spat
At a time when Goldman Sachs' business and sales practices are under the microscope, the spat between the gilded bank and a group of small oil and gas developers take on some added significance. The Read more...
Hedge funds vs. bankruptcy judges
If a hedge fund wants to take an active role in a Chapter 11 proceeding, how forthcoming does it have to be about its business and interests? That's a big issue right now, with lots of opinions. It Read more...
| Press ReleasesZamansky & Associates Announces Investigation on Behalf of MF Global EmployeesNEW YORK--(BUSINESS WIRE)-- Zamansky & Associates has launched an investigation into the collapse and bankruptcy of MF Global, which has resulted in substantial harm to its employees, including Read more >> Statement from the Office of the Trustee for the Liquidation of MF Global Inc. On Termination of EmployeesNEW YORK, Nov. 11, 2011 /PRNewswire-USNewswire/ -- In accordance with the court-mandated liquidation and wind down of MF Global Inc., the broker-dealer's work force, consisting of 1,066 employees, Read more >> Fitch Expects to Rate Mercedes-Benz Auto Lease Trust 2011-B; Presale IssuedNEW YORK--(BUSINESS WIRE)-- Fitch Ratings expects to assign the following ratings to Mercedes-Benz Auto Lease Trust 2011-B: --$197,150,000 class A-1 asset-backed notes 'F1+sf'; --$486,000,000 class Read more >> Zamansky & Associates Announces Notice of November 4, 2011 Deadline for All Lehman Brothers Structured Note HoldersNEW YORK--(BUSINESS WIRE)-- All holders of structured notes issued by the now-bankrupt Lehman Brothers Holdings, Inc., including so-called “100% Principal Protection Notes,” recently received a Read more >> Bloomberg Brief Launches Seven Specialty NewslettersSubscriptions for economic and financial newsletters reach 110,000 NEW YORK--(BUSINESS WIRE)-- Bloomberg Brief, a series of newsletters published by Bloomberg LP, has launched seven new titles that Read more >> |
