Brian Rosen News
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Southern Air Holdings Inc., an air- cargo company that transported troops into Afghanistan, won court permission to exit bankruptcy under the control of a group of lenders lead by Canadian Imperial Bank of Commerce.
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Washington Mutual Inc., the former owner of the biggest bank to fail, settled a battle between shareholders and noteholders that was blocking a bankruptcy-exit plan valued at more $7 billion, lawyers said.
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Washington Mutual Inc. rescheduled a hearing on its reorganization plan to gain time to negotiate a settlement with shareholders of the bankrupt former owner of the biggest U.S. bank to fail.
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Magna Entertainment Corp., the bankrupt horse-track owner, won court approval of a reorganization plan that allows Chairman Frank Stronach to retain the company’s most valuable race courses.
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Washington Mutual Inc., the former owner of the biggest U.S. bank to fail, resolved a dispute that had threatened to block common shareholders from getting stock in the only part of the company to exit bankruptcy.
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Washington Mutual Inc., the former owner of the biggest U.S. bank to fail, won approval to settle a dispute with investors who hold warrants related to a lawsuit against the U.S. government.
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Preferred shareholders of Washington Mutual Inc., the former owner of the biggest U.S. bank to fail, voted against the company’s $7 billion reorganization proposal, jeopardizing a plan to pay common shareholders.
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Eight banks failed the European Union stress tests after regulators said July 15 they had a combined capital shortfall of 2.5 billion euros ($3.5 billion), less than predicted by analysts and investors.
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Washington Mutual Inc., former owner of the biggest U.S. bank to fail, may need four more days of testimony before a judge can rule on claims of insider trading that threaten to disrupt the company’s plan to exit bankruptcy, lawyers said.
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Washington Mutual Inc. won court approval for a $7 billion reorganization plan that resolves some legal claims related to the biggest U.S. bank to fail.
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