US Bankruptcy Court

Kodak, Under Bankruptcy Protection, Still Wants To Shell Out Huge Bonuses

AP | CAROLYN THOMPSON | Posted 04.06.2012

Read More: Photography, Chapter 11, Retirees, Video, Employees, Bankruptcy, U.S. Bankruptcy Court, Medicare, Eastman Kodak Co., Health Care Benefits, Business News

BUFFALO, N.Y. — Eastman Kodak Co. is seeking permission to pay about 300 executives and other employees a total of $13.5 million in bonuses to p...

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Lehman Brothers Suing Citi Over Huge Account

AP | Posted 02.10.2012

Read More: Lehman Brothers Holdings Inc., Debt, Investment Bank, Video, U.S. Bankruptcy Court, Citibank, Financial Crisis 2008, Citigroup, Financial Collapse, Business News

NEW YORK -- Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc. to recover $2.5 billion the failed investment ba...

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Kodak Files For Bankruptcy

Reuters | Posted 03.19.2012

Read More: Antonio M. Perez, Video, Bankruptcy, U.S. Bankruptcy Court, Kodak Cameras, Reuters, Kodak Bankruptcy, Eastman Kodak, Kodak, Citigroup, Business News

Jan 19 (Reuters) - Eastman Kodak Co filed for bankruptcy on Thursday in a bid to survive a liquidity crisis after years of falling sales related to ...

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Borders Bookstore Will Eliminate 11,000 Jobs, Close 400 Remaining Stores

Posted 09.17.2011

Read More: Borders Bankruptycy, Layoffs, Creditors, Liquidation, U.S Bankruptcy Court, Great Recession, Auction, Booksellers, Borders, Economic Recovery, Hilco Merchant Resources, Gordon Brothers Group, Mike Edwards, Bankruptcy Court, Ebooks, Business News

Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators. Borders announced the decision on M...

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Madoff's Victims Could Soon Recover Some Losses

Posted 07.04.2011

Read More: Irving Picard, Distribute Money, Investment Securities, Ponzi Scheme, Bernard Madoff, Trustee Madoff, North Carolina Prison, US Bankruptcy Court, Business News

A court-appointed trustee asked a federal bankruptcy judge to allow victims of Bernard Madoff's massive Ponzi scheme to start recovering some of t...

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Goldman Sachs, Other Banks Propose Plan To Restructure Lehman Brothers

Posted 06.25.2011

Read More: Chapter 11, Goldman Sachs, Lehman Restructure, Morgan Stanley, Lehman Bankruptcy, Lehman Brothers, Lehman Proposal, Lehman Brothers Holdings, US Bankruptcy Court, Business News

A group of banks including Goldman Sachs (GS.N) and Morgan Stanley (MS.N) has filed a plan to restructure Lehman Brothers Holdings Inc that would ...

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Judge Approves Enormous Settlement For Madoff Victims

Posted 05.25.2011

Read More: Business News, Ponzi Scheme, Madoff Firm, Bernard Madoff, U.S Bankruptcy Court, Madoff Settlement, Business News

NEW YORK (By Grant McCool) - A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet ...

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