John Pickering News
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California Public Employees’ Retirement System, the biggest U.S. public pension fund, is trying to ban a law firm from representing a creditor in the bankruptcy of the city of San Bernardino.
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Patriot Coal Corp. can pay $6.9 million in bonuses to key employees, a judge said, rejecting a union’s claims that the payments wrongly benefit corporate insiders.
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Arcapita Bank BSC, an Islamic- compliant fund manager, won court permission to borrow $350 million from Goldman Sachs International to finance its exit from bankruptcy.
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A Harvard Medical School research assistant who has served as a U.S. judge for 23 years now finds herself at the center of the Boston Marathon bombing case, and by extension the post-Sept. 11 issue of whether, and when, suspected terrorists deserve constitutional rights.
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Citigroup Inc. can be granted a $1.2 billion claim against Lehman Brothers Holdings Inc.’s defunct brokerage and will pay an affiliate of the Lehman parent $167 million to settle a dispute over amounts owed on foreign- exchange transactions, a judge ruled.
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Ally Financial Inc. moved closer to repaying a U.S. bailout as the auto lender reached agreement with creditors of its bankrupt mortgage unit.
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Goldman Sachs Group Inc. won dismissal of bond insurer ACA Financial Guaranty Corp.’s fraud lawsuit over a collateralized debt obligation known as Abacus.
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Residential Capital LLC and its biggest unsecured creditors signed a deal to free the mortgage company’s parent, Ally Financial Inc., from the threat of billions of dollars in bankruptcy-related lawsuits.
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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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Former Bayerische Landesbank Chief Risk Officer Gerhard Gribkowsky said he didn’t receive a summons in a New York lawsuit against Formula One Chief Executive Officer Bernie Ecclestone over sale of an F1 stake.
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