Harvey Miller News
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Almost five years after Lehman Brothers Holding Inc. filed for bankruptcy and set off the global financial crisis, managers of the bank’s estate are demanding millions of dollars from retirement homes, colleges and hospitals.
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Lehman Brothers Holdings Inc.’s sale of its brokerage to Barclays Plc following the securities firm’s collapse in 2008 saved jobs and helped the country, its lead bankruptcy lawyer said.
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AMR Corp., the parent of American Airlines, has made “substantial progress” on pensions, lawyer Harvey Miller said in court today.
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AMR Corp., the bankrupt parent of American Airlines, says its value has “significantly appreciated” and there may be a recovery for shareholders, who generally receive nothing in bankruptcy cases.
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Deutsche Bank AG lost a bid to reclassify $2.4 billion in claims on Lehman Brothers Holdings Inc. as a judge denied a request to force the defunct firm to upgrade their value.
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Galleon Group LLC founder Raj Rajaratnam, who faces criminal insider-trading charges, won a bid to keep confidential wiretap applications that prosecutors say may be disclosed to the public.
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American Airlines parent AMR Corp. filed for bankruptcy after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world’s largest airline to No. 3 in the U.S.
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Barclays Plc was something of a hero two years ago, having stepped forward to buy much of Lehman Brothers Holdings Inc. when no one else would touch the bankrupt brokerage.
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Lehman Brothers Holdings Inc. lost a bid to recover an alleged $11 billion “windfall” from Barclays Plc ’s purchase of its defunct brokerage unit when a judge ruled the transaction was fair.
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Old General Motors Corp ., now formally named Motors Liquidation Co., filed a proposed liquidating Chapter 11 plan and disclosure statement last night.
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