Business activity in the U.S. expanded more than forecast in September, reaching a four-month high and adding to signs of a rebound in manufacturing that will help underpin the world’s biggest economy.
Creditors of the Texas Rangers, the Major League Baseball team that filed for bankruptcy yesterday, object to the $575 million sale to investors led by Hall of Fame pitcher and team president Nolan Ryan and his partner Chuck Greenberg , according to two people familiar with the matter.
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.
Washington Mutual Inc. , the official equity holders’ committee and some creditors are trying to outsmart one another with legal strategies to push through or kill the global settlement that underpins WaMu’s reorganization plan.
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.
Leslie Controls Inc., a subsidiary of Circor International Inc. , filed a Chapter 11 petition this morning in Delaware to implement a reorganization plan already negotiated with lawyers representing asbestos claimants.