Lehman Brothers Holdings Inc. creditors are demanding the failed investment bank disclose more details about its plan to liquidate and pay claims before the proposal moves forward.
Lehman Brothers Holding Inc. plans to raise as much as $65 billion for creditors and begin making distributions next year, Chief Executive Officer Bryan Marsal said in an interview on CNBC.
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.
Wynn Resorts Ltd. Vice Chairman Kazuo Okada sued the casino operator for access to financial records in a dispute with the company over the use of funds.
Merrill Lynch & Co., the brokerage unit of Bank of America Corp. , won a U.S. judge’s ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination lawsuit.
Sprint Nextel Corp. and the U.S. Justice Department lost their bid to share confidential documents as they seek to stop a proposed $39 billion purchase of T-Mobile USA Inc by AT&T Inc.
The U.S. Justice Department opened criminal and civil investigations into the BP Plc oil spill in the Gulf of Mexico, the worst in U.S. history.
"The manager was changed by mutual agreement between the company and the prior manager due to a shift in strategy."
- Kimberly Macleod on Aug 15, 2012