An AlixPartners survey points to an increase in Chapter 11 business filings. Experts say energy resources and retail are U.S. industries most likely to face distress in 2015. read more

MAR 11, 2015 - 7:10 am

The owner of a Fayetteville, AR-based heavy equipment company was found guilty on two counts of bank fraud for pocketing money received from floor plan financing with Bank of the Ozarks, First Security Bank, Wells Fargo Equipment Finance and GE Commercial Distribution Finance. read more

MAR 10, 2015 - 7:37 am

The American Bankruptcy Institute said total commercial chapter 11 filings were down 25% as February 2015’s chapter 11 filings decreased to 363 from February 2014’s 484 filings. read more

MAR 5, 2015 - 6:32 am

The Securities and Exchange Commission announced that Hajime Sagawa settled civil charges for his role in a major accounting fraud cover-up at Olympus. read more

MAR 2, 2015 - 7:39 am

The Federal Bureau of Investigation announced that a former senior vice president at Bank of America pleaded guilty to misapplication of bank funds in a scheme that led to more than $6.4 million in losses to BOA. read more

FEB 27, 2015 - 6:57 am

Recently, we reported that JPMorgan Chase lost a court battle with General Motors’ predecessor’s creditors over a $1.5 billion term loan as a result of human error. In an exclusive “story behind the story,” ABF Journal contributor Jeffrey A. Wurst provides his take on the case. read more

FEB 26, 2015 - 7:18 am

Attorneys in the Warren Capital case, involving deceased owner Warren Clayton Stephens’ alleged Ponzi scheme in which he purportedly secured corporate promissory notes with interest rates averaging about 9% to investors in Warren Equipment Finance, recently billed nearly $577,000 for fees according to North Bay Business Journal. read more

FEB 24, 2015 - 7:18 am

According to the U.S. Attorney’s office in FL, a man posing as an executive of a number of companies has been indicted and charged with fraud against Wells Fargo, CIT Group and Key Bank. read more

FEB 6, 2015 - 7:39 am

Total commercial Chapter 11 filings were up 33% as January 2015’s commercial Chapter 11 filings increased to 518 from 391 filings in January 2014, according to data provided by Epiq Systems. read more

FEB 5, 2015 - 7:22 am

The SEC announced a series of federal securities law violations by S&P involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities. read more

JAN 26, 2015 - 7:24 am

According to court records, Sergio F. Lagos, former CEO of USA Dry Van Logistics was found guilty of committing $26 million in wire fraud in a case involving a $38 million financing agreement with GE Capital. read more

JAN 21, 2015 - 12:20 am

Bloomberg reported that S&P is close to a settlement of about $1 billion with the U.S. for allegedly misleading investors about its ratings of mortgage-backed securities. read more

JAN 14, 2015 - 12:11 am

Reuters reported that Ambac Assurance sued Bank of America to recoup losses from insuring nearly $1.7 billion of securities backed in part by risky mortgages from the bank’s Country Wide Loans unit. read more

JAN 5, 2015 - 7:30 am

Bloomberg reported Bank Leumi Le-Israel agreed to pay $400 million and admit it helped American clients evade taxes for a decade. read more

DEC 30, 2014 - 7:40 am

Bloomberg reported that Credit Suisse was ordered to face a $10 billion lawsuit by New York’s attorney general accusing the Swiss bank of fraud in the sales of mortgage-backed securities before the financial crisis. read more

DEC 29, 2014 - 8:00 am