Metro-Goldwyn-Mayer Studios has filed for a re-organization bankruptcy, the studio announced Wednesday.
Continue reading MGM Files for Chapter 11 Bankruptcy
MGM Files for Chapter 11 Bankruptcy o…
Citadel Broadcasting Corp. (CTDBQ) changed its compensation plans for top management after complaints that they violated the terms of its bankruptcy reorganization.
Citadel, the third-largest radio broadcaster in the U.S., exited bankruptcy protection in June owned by creditors including JPMorgan Chase (JPM), The Wall Street Journal said.
R2 Investments, another creditor, said that…
Continue reading Citadel Broadcasting Agrees to Cut Executive Pay
Citadel Broadcasting Agrees to Cut Executive Pay originally appeared on DailyFinance on Wed, 03 Nov 2010 07:31:00.
Filed Under: Company News, Technology, People, Media, JP Morgan Chase
Tribune Co. creditors are suing for billions of dollars in damages, alleging Tribune Chairman Sam Zell and lender JPMorgan Chase pushed the company into bankruptcy when Zell purchased it mainly with debt in 2007.
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American Media, publisher of National Enquirer, plans to file for bankruptcy protection in the next two weeks, as it seeks to convert its substantial debt to equity shares in the company.
Continue reading Paren…
The trustee in charge of the bankruptcy of Bernie Madoff’s investment firm spent $26.9 million in the six months ended Sept. 30. In that time, it has recovered $849,000 for the victims of Madoff’s Ponzi scheme.
The single largest expense for the period was $15.8 million in legal fees to trustee Irving Picard’s law firm, Baker Hostetler, Bloomberg News reported.
Of the funds…
Continue reading Madoff Trustee Spent $26.9 Million, Recovered $849,000
Madoff Trustee Spent $26.9 Million, Recovered $849,000 originally appeared on DailyFinance on Mon, 01 Nov 2010 08:16:00.