URS Corp., the San Francisco-based construction company, agreed to buy Flint Energy Services Ltd. for C$1.25 billion ($1.26 billion) in cash to add projects servicing oil and natural gas producers in Western Canada.
Lehman Brothers Holdings Inc. and its creditors’ committee filed a complaint yesterday in bankruptcy court against JPMorgan Chase Bank NA , alleging that the New York-based bank “stripped a faltering Lehman Brothers of desperately needed cash” in the days and weeks before the commencement of Lehman’s bankruptcy in September 2008.
The Dallas Stars, the hockey team owned by former billionaire Thomas Hicks, won support from lenders for a plan file bankruptcy and sell the club at an auction, a person familiar with the results said.
Chuck Greenberg, former chief executive officer and co-owner of the Texas Rangers baseball team, may seek to purchase the bankrupt Dallas Stars of the National Hockey League, a lawyer said today in court.
The creditors’ committee for old General Motors Corp. filed papers on July 2 against hedge funds including Aurelius Capital Partners LP and Appaloosa Management LP, seeking to set aside a “grossly one-sided” transaction on the day of bankruptcy that they say depleted old GM’s coffers while “disproportionately benefitting” the funds.