General Growth Plan Allows Time to Seek Other Bids

Posted by on Mar 31st, 2010

A reorganization plan that General Growth Properties intends to file as soon as Wednesday will give the bankrupt mall operator until Dec.

Tribune Co. again delays bankruptcy reorganization plan

Posted by on Mar 31st, 2010

The media conglomerate seeks another month’s extension to negotiate terms with creditors. With the clock ticking down, Tribune Co

Tribune seeks one more month to file bankruptcy plan

Posted by on Mar 31st, 2010

Tribune Co on Wednesday asked a federal bankruptcy judge to give it another month to file a reorganization plan without interference from creditors, including those suing the company.

Tribune Asks for More Time to File Bankruptcy Plan

Posted by on Mar 31st, 2010

March 31 — Tribune Co. asked a bankruptcy judge for more time to file a reorganization plan that would avoid lawsuits over whether its $8.3 billion leveraged buyout doomed the publisher to insolvency.

Tribune buys more time on bankruptcy plan

Posted by on Mar 31st, 2010

By Michael Oneal | With the clock ticking on a March 31 deadline, Tribune Co. bought more time to negotiate with its fractious creditors Wednesday when it filed a motion in Delaware bankruptcy court to extend until April 30 its exclusive right to propose a reorganization plan in its 15-month-old Chapter 11 case.

Bankrupt: Cabin crew in raunchy nude calendar

Posted by on Mar 31st, 2010

STEWARDESS clad only in emergency flotation vest stretches on a jet engine as part of bankrupt budget airline’s new nude calendar.

Weil Gotshal Bills Lehman $1,000 an Hour for Lawyers

Posted by on Mar 31st, 2010

Lehman Brothers Holdings Inc.’s lead bankruptcy law firm, Weil Gotshal & Manges LLP, bills the bankrupt investment bank as much as $1,000 an hour for its top lawyers’ time overseas, and $990 an hour for U.S. lawyers.

Bankrupt Ted Leroy Trucking guilty of polluting orca habitat

Posted by on Mar 31st, 2010

A large yellow deep-water recovery container was used to hold a fuel truck that went overboard during an August 2007 barge spill in Robson Bight. The recovery operation took place last May at an estimated cost of $2.5 million.

Weil Gotshal Bills Defunct Lehman Up to $1,000 Per Hour

Posted by on Mar 31st, 2010

March 31 — Lehman Brothers Holdings Inc.’s lead bankruptcy law firm, Weil Gotshal & Manges LLP, bills the bankrupt investment bank as much as $1,000 an hour for its top lawyers’ time overseas, and $990 an hour for U.S. lawyers, according to a court filing yesterday.

Lyondell to Pay $162 Million to End U.S. Claims

Posted by on Mar 31st, 2010

March 31 — Lyondell Chemical Co. will pay $162 million to U.S