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IRS Latest Creditor to Go After Bergstein Company

by admin | Fri, 08/27/2010 - 15:06

The Internal Revenue Service is going after one of film financier David Bergstein’s companies in bankruptcy court, filing a claim for nearly $433,000 in unpaid business taxes.




Former Citi Exec Got $10M to Advise Barclays on Lehman Deal

by admin | Fri, 08/27/2010 - 13:26

In September 2008, Michael Klein got a killer gig just two months after leaving Citigroup: advising Barclays Group PLC on its acquisition of freefalling Lehman Brothers Holdings Inc.’s broker-dealer business.

Study: Cost of Bankruptcy Rises for Consumers

by admin | Fri, 08/27/2010 - 10:14

Individuals seeking shelter from creditors under today’s bankruptcy laws do so at a steep price, according to a new study from the American Bankruptcy Institute Law Review.




The Daily Docket: Blockbuster Nearing Chapter 11?

by admin | Fri, 08/27/2010 - 07:21

Blockbuster Inc. is reportedly preparing to file for Chapter 11 protection next month. Tribune Co.'s financial results indicate it's performing better this year than last. Visteon Corp.

Report Finds Debt Wall May Be Falling

by admin | Thu, 08/26/2010 - 14:30

The wall of debt maturities on the horizon may not be as insurmountable at it seemed a few months ago, according to a new report from investment bank Morgan Joseph LLC. Many expected that the amount of corporate debt coming due could spark another round of restructurings as soon as next year if demand for refinancing outstrips available credit.

Judge Dismisses Whistleblower Suit Against Huron

by admin | Thu, 08/26/2010 - 12:25

A federal judge dismissed a lawsuit accusing Huron Consulting Group of submitting fraudulent Medicare and Medicaid claims while helping St.

The Daily Docket: Trico Marine Files for Chapter 11

by admin | Thu, 08/26/2010 - 08:14

Trico Marine put its U.S. operations in Chapter 11. Oriental Trading filed for bankruptcy protection Wednesday after reaching a restructuring deal with its senior lenders. Former Walt Disney Co.

Movie Producer Charged With 89 Felony Counts

by admin | Wed, 08/25/2010 - 16:03

Mahmoud Karkehabadi, the producer of B-movie gems like “Confessions of a Pit Fighter” featuring rapper Flavor Flav, has been accused of running a $9 million Ponzi scheme and is being charged with 89 felony counts.



Sale Prospects Bleak for Freestyle Music Park

by admin | Wed, 08/25/2010 - 14:31

The third time doesn’t seem to be the charm for Myrtle Beach’s ill-fated amusement park.

The Daily Docket: Barclays Disputes Lehman ‘Secret Discount’ Claim

by admin | Wed, 08/25/2010 - 08:38

No one at Lehman Brothers objected to the terms of a letter that made last minute changes to a deal to sell its brokerage to Barclays. Some of the largest commercial-property owners are surrendering buildings worth less than their loans.