Bankruptcy Court

Bankruptcy Court News

• Shutterfly Soars Most Since April on Plan to Buy Kodak Online-Picture Unit

  Updated 31 minutes ago

  Shutterfly Inc. rose the most in 10 months after announcing an initial offer to buy Eastman Kodak Co.’s online-picture business for $23.8 million.

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  MF Criminal Probe Slows After Quick Start

  Updated 11 minutes ago

  U.S. investigators of bankrupt MF Global Holdings Ltd. have yet to determine after four months of probing whether enough evidence exists to pursue a criminal case, a person with knowledge of the matter said.

• Fairfax, Madoff, Megaupload, Capital One, Deutsche Bank in Court News

  Updated 13 minutes ago

  Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again. A judge is poised to rule whether racketeering counts allowing triple damages should be tossed, Bloomberg News’s Thom Weidlich reports.

• Travelers Wins Reversal of Asbestos Claims Pay Order

  Travelers Cos.’ appeal of a 2011 ruling in the bankruptcy case of Johns Manville Corp., seeking reversal of an order to pay asbestos victims about $500 million, was granted in federal court in New York.

• American West, Las Vegas Builder, Files for Bankruptcy

  American West Development Inc., a Las Vegas homebuilder, sought bankruptcy protection from creditors after reaching an agreement on a reorganization with seven lenders led by California Bank & Trust.

• Harrisburg Judge ‘Is Inclined’ to Approve Receiver’s Plan to Sell Assets

  The receiver for Harrisburg, Pennsylvania, should be allowed to try to sell or lease the city’s most valuable assets in a bid to solve its financial crisis, a judge said.

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  Kodak to Sell Gallery to Shutterfly for $24M

  Eastman Kodak Co., the photography pioneer reorganizing in bankruptcy, agreed to sell its on-line photo services to Shutterfly for $23.8 million.

• Harrisburg Controller, Treasurer File Objections as Plan Hearing Begins

  Harrisburg, Pennsylvania’s city controller, treasurer and council president asked a judge to reject a proposal to fix the city’s budget problems by selling or leasing the capital city’s most valuable assets.

• California AG Asserts Right to Sue Madoff Investor Estate

  California Attorney General Kamala Harris told a judge she is entitled to pursue a lawsuit against the estate of a former Bernard Madoff investor for allegedly violating state laws, and the court should bar interference in the “people’s action” by the Madoff trustee.

• General Maritime Reports Net Loss of $63.7 Million for Month of January

  General Maritime Corp., the second- largest U.S. owner of oil tankers reorganizing in bankruptcy, reported a net loss of $63.7 million for the month ended Jan. 31.

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Bankruptcy Court Videos

Audio

• Rochelle on Wilpon-Madoff, Lehman Flip Clause, Host

• Rochelle on Jobson, MF Global, Kodak Bankruptcies:

• Rochelle on AES Eastern Venue Questions, Adelphia:

• Rochelle on Bankruptcy Court's Constitutional Probl

• Rochelle on Sears, MF Global, Le-Nature Bankruptcie