Hawker Beechcraft said that the U.S. Bankruptcy Court for the Southern District of New York has approved the company's motion to enter into exclusive negotiations with Superior Aviation Beijing. read more

JUL 18, 2012 - 7:05 am

Total commercial bankruptcy filings during the first six months of the year decreased 22% from filings during the same period in 2011, according to data provided by Epiq Systems. read more

JUL 6, 2012 - 7:30 am

According to documents filed in the U.S. Bankruptcy Court for the District of Delaware, 38 Studios, former Red Sox pitcher Curt Schilling's video game company, owes NFS Leasing $1.3 million for computer equipment, peripherals and software. read more

JUL 2, 2012 - 7:25 am

Capital One said its former senior executives John A. Kanas and John Bohlsen have agreed to pay $20 million to settle claims that they breached the terms of certain non-complete arrangements. read more

JUN 20, 2012 - 7:35 am

The Connecticut Law Tribune reported that the group of equipment lessors involved in the Dewey & LeBoeuf bankruptcy is opposing the use of cash collateral to fund its Chapter 11 bankruptcy. read more

JUN 11, 2012 - 7:35 am

Bloomberg reported that a former CitiMortgage vice president won a $31 million reward out of a $158.3 million settlement paid by Citigroup for violating U.S. mortgage regulations. read more

JUN 6, 2012 - 7:20 am

According to documents filed with the U.S. Bankruptcy Court, Southern District of New York, Winthrop Resources, U.S. Bank Equipment Finance and SunTrust are owed a combined $46.8 million in the Dewey & LeBoeuf bankruptcy case.

Winthrop Resources, U.S. Bank Equipment Finance and SunTrust are owed $35.5 million, $7.7 million and $3.5 million, respectively. JPMorgan Chase, as collateral agent to noteholders, is named an unsecured creditor owed $150 million. In addition, the law firm owes JPMorgan Chase and a group of secured lenders $76.5 million. read more

JUN 1, 2012 - 4:00 pm

A former home appraisal manager, who blew the whistle on widespread fraud at Countrywide Financial, received $14.5 million as a reward for his role in providing inside information that led to a $1 billion settlement between BofA and the U.S. government. read more

MAY 30, 2012 - 7:30 am

Reuters reported that Michael Woodford, ousted as head of Japanese camera and medical equipment maker Olympus, won a likely multi-million dollar settlement of his claim for unfair dismissal. read more

MAY 30, 2012 - 7:20 am

Bloomberg reported that an appeals court has reinstated a $500 million malpractice claim against K&L Gates ruling that the law firm must face a lawsuit over the collapse of Le-Nature's after a lower court's dismissal in December 2010. read more

MAY 17, 2012 - 8:30 am

The U.S. Department of Justice said a federal jury in NYC convicted three former executives of GE Funding Capital Market Services for their role in a bid-rigging conspiracy the government says deprived municipalities of competitive investment returns. read more

MAY 14, 2012 - 8:56 am

The Lancaster Intelligencer Journal reported that sentencing for five defendants in the Equipment Finance Inc. fraud case has been delayed from next week to September. read more

MAY 2, 2012 - 7:35 am

The Pittsburgh Post-Gazette reported that the son and wife of former Le-Nature's CEO Gregory J. Podlucky were sentenced to nine and four years in prison, respectively, ending the criminal cases associated with the Latrobe beverage maker's collapse. read more

APR 27, 2012 - 7:20 am

The Wall Street Journal is reporting that AIG is suing Steven Udvar-Hazy, former chief executive of its ILFC aircraft leasing business, Air Lease and former executives who previously worked at ILFC, alleging theft of trade secrets. read more

APR 25, 2012 - 7:35 am

Attorney General Eric T. Schneiderman announced a lawsuit against Northern Leasing Systems and its affiliates alleging that they fraudulently siphoned millions of dollars from their former customers. read more

APR 24, 2012 - 7:30 am

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