Burton Lifland News
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New York Attorney General Eric Schneiderman can go forward with a $410 million settlement with J. Ezra Merkin, using his law enforcement powers to compensate Merkin investors whose money was lost in Bernard Madoff’s Ponzi scheme, a judge ruled.
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New York Attorney General Eric Schneiderman asked a federal judge to let the state go forward with a $410 million settlement with J. Ezra Merkin, using his law enforcement powers to compensate Merkin investors whose money was lost in Bernard Madoff’s Ponzi scheme.
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New York Attorney General Eric Schneiderman was to ask a federal judge for permission to complete a $410 million settlement with J. Ezra Merkin, using his law enforcement powers to compensate the former Bernard Madoff investor’s victims.
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Companies trying to rehabilitate themselves through bankruptcy are threatened by valuation fights among late-arriving investors, U.S. Bankruptcy Judge Burton Lifland told lawyers and judges at a conference in New York.
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Bankrupt Blockbuster Inc. , once the world’s largest movie-rental chain, can auction itself with a newly revised $290 million bid from hedge funds and avoid immediate liquidation, a judge ruled.
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The trustee liquidating Bernard L. Madoff Investment Securities LLC filed a mass appeal asking the U.S. Court of Appeals in Manhattan to revive about $10 billion in lawsuits against 635 customers that have been or will be dismissed by U.S. District Judge Jed Rakoff.
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The bankruptcy judge overseeing Bernard Madoff’s liquidation can hear lawsuits the trustee brought against customers over fraudulent transfers and submit proposed rulings to a higher court, a federal judge ruled.
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Citadel Broadcasting Corp. , the third-largest radio station owner in the U.S., won court approval to exit bankruptcy over the objections of shareholders who said the company is worth more than executives and bankers assert.
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U.S. Senator Frank Lautenberg’s charitable foundation can’t continue a $9 million lawsuit against Bernard Madoff’s brother Peter, an appeals court ruled.
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Blockbuster Inc. , the world’s largest movie-rental company, won court permission to pay film studios’ claims and take an amended $125 million loan to fund operations in bankruptcy.
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