U.S. business bankruptcies dropped 24 percent in 2013
WILMINGTON, Delaware (Reuters) - Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report on Monday....
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Fisker founders, managers sued for misleading investor
(Reuters) - The founders and top managers of now-bankrupt Fisker Automotive never told potential investors that the green car startup lost access to federal funds that were crucial to the...
Fortress backs new LightSquared bankruptcy exit plan
(Reuters) - LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless communications company seeks to avoid a sale...
U.S. court upholds trial plan over defunct Nortel’s $7.5 billion cash
(Reuters) - The fight over defunct Nortel Networks' $7.5 billion in cash will be decided in joint U.S.-Canadian court hearings and not in arbitration, a U.S. appeals court ruled on...
Detroit bankruptcy ruling: debt, crime and Anna Nicole Smith
(Reuters) - The 150-page court ruling finding Detroit eligible for bankruptcy focused on the city's soaring crime, crushing debt - and the late Anna Nicole Smith. The former Playboy Playmate...
Analysis: Detroit bankruptcy expected to survive appeals process
(Reuters) - Detroit's financial overseers should prevail against appeals lodged by city worker unions and pension plans after a federal judge's landmark ruling on Tuesday allowing the city to become...
Judge rules against ResCap noteholders, knocks legal tactics
(Reuters) - Residential Capital LLC, a bankrupt mortgage lender, won a court ruling on Friday that it does not owe approximately $340 million in interest claimed by junior secured noteholders....
Exclusive: Intellectual Ventures faces novel attack on patent business
SAN FRANCISCO/ WILMINGTON, Delaware (Reuters) - Seven years ago, Intellectual Ventures bought a patent on technology that helps detect malicious software embedded in digital content. The price? $750,000. Now Intellectual...
Hedge funds score big win bankrolling tax refund case
WILMINGTON, Delaware (Reuters) - A group of hedge funds looks set to win an eyewatering return after bankrolling the winning party in a court fight over a $373.8 million tax...
Hedge fund Elliott blocked in bid for Anglo Irish info
WILMINGTON, Del (Reuters) - A tenacious U.S. hedge fund and an Irish property developer were blocked on Tuesday by a U.S. federal judge from digging into the secretive communications that...