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Judge rules gifts cards from belly-up Borders bookstores worthless
Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by...
Tags: The New York Times, Books, Justice System, Trials, Bankruptcy
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Rhythm & Hues effects house in search of a new home
Rhythm & Hues, the Oscar-winning visual effects house that recently emerged from bankruptcy protection, is now looking for a new home. As Times writer Roger Vincent reports, the company's 200,000-square-foot El Segundo headquarters has been sold for $25...
Tags: The Weinstein Company, Bankruptcy, Animation (Movie Genre), Twentieth Century Fox Film Corp., Companies and Corporations
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CME vows not to sway membership prices after MF Global sales
ReutersBy Tom Polansek CHICAGO, May 22 (Reuters) - CME Group Inc will never influence the price of its memberships, Executive Chairman Terry Duffy said on Wednesday after seats formerly owned by bankrupt broker MF Global Holdings Ltd were sold cheaply....Tags: Bankruptcy, CME Group Inc., MF Global
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Elpida seeks U.S. court approval for sale to Micron
ReutersBy Tom Hals May 22 (Reuters) - Japan's Elpida Memory Inc asked U.S. Bankruptcy Court in Delaware on Wednesday to enforce its reorganization plan sale to Micron Technologies Inc, a final step to creating the world's second-largest maker of memory chips....Tags: Justice System, Bankruptcy, Trials, Companies and Corporations, Finance
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AMF Bowling plans to merge with New York-based company
AMF Bowling Worldwide Inc. plans to merge with New York-based bowling center operator Bowlmor, the Richmond Times-Dispatch reported. The merger is part of the plan for Hanover County-based AMF Bowling to pay creditors’ debts and exit Chapter 11...
Tags: Bankruptcy, Companies and Corporations, Hampton Roads, Bowling, Economy, Business and Finance
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Suntech's local creditors claim $2.5 bln as restructuring starts
ReutersBy David Lin and Charlie Zhu WUXI, China/HONG KONG, May 22 (Reuters) - Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion,...Tags: Bankruptcy, Companies and Corporations, Credit and Debt, World Bank Group, China
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Rhythm & Hues Stalking Horse Bidder Settles for $300K Break-Up Fee (Exclusive)
ReutersMay 21 (TheWrap.com) - JS Communications has agreed to a $300,000 breakup fee for its role as stalking horse bidder in the March sale of bankrupt visual-effects company Rhythm & Hues Studios, according to court filings. The two companies have agreed to a...Tags: Academy Awards, Justice System, Bankruptcy, Evan Jones, Companies and Corporations
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U.S. CFTC watchdog faults Gensler for recusal from MF Global probe
ReutersBy Sarah N. Lynch and Douwe Miedema WASHINGTON, May 21 (Reuters) - The chairman of the U.S. derivatives regulator made a questionable call when he chose to distance himself from probing the demise of futures broker MF Global, the agency's internal...Tags: Financial Markets, Bankruptcy, Securities, CME Group Inc., Politics
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Bob Lutz, Chinese in bid to buy Fisker Automotive -sources
ReutersDETROIT, May 21 (Reuters) - A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter...Tags: Hong Kong, North American International Auto Show, Bankruptcy, Passenger Cars, Forbes.com LLC
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KidsPeace files for bankruptcy
Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday. The move comes after years of struggles in which the organization that gives treatment to troubled and autistic children laid off workers and missed debt payments....
Tags: Autism, Career and Workplace, Bankruptcy, New York City, Politics
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In Karoly will dispute, millions in administrative expenses
In the end, lawyers could end up with most of the money in the bitterly contested estates of Allentown medical malpractice attorney Peter Karoly and his wife, Dr. Lauren Angstadt. During six years of legal limbo, the estates have racked up $3.74...Tags: Lawyers, Justice System, Bankruptcy, Finance, Crime, Law and Justice
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Battery maker B456 Systems' bankruptcy plan approved
ReutersMay 21 (Reuters) - B456 Systems Inc, the lithium-ion battery maker which received a $249 million U.S. government grant, won court approval for its bankruptcy plan on Monday. Judge Kevin Carey approved the plan under which unsecured creditors of the...Tags: Dwayne Johnson, Bankruptcy, Manufacturing and Engineering, General Motors Corp., China
May 23, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Daily Press
May 22, 2013
|Story| Reuters
May 21, 2013
|Story| Wrap
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Allentown Morning Call
May 20, 2013
|Story| Allentown Morning Call
May 21, 2013
|Story| Reuters
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