Tag Archives: bankruptcy-code


Prominent NY law firm to seek bankruptcy

KWCH.com – A prominent New York law firm is expected to seek bankruptcy protection. That’s according to a receiver appointed to run the firm — which has been scandalized by charges that its founder was behind a massive fraud. The […]

Tribune Co., smothered in debt, files for bankruptcy

Northern Star Online – Media conglomerate Tribune Co., smothered by $13 billion in debt and weak prospects for generating cash through advertising, on Monday became the first major newspaper publisher to seek bankruptcy protection since the Internet began siphoning readers […]

Rivals bet against Morgan Stanley in September

Forbes – Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal said, citing trading records. The firms included Merrill Lynch & Co, […]

VW squeeze may hit hedge funds frozen by Lehman

Reuters – Several hedge funds with assets frozen at Lehman Brothers may have been hit by wrong-way bets on Volkswagen, industry executives said, possibly hurting funds on trades they cannot close. While no money has yet been demanded by the […]

Petters Files for Bankruptcy, Hedge Fund Seeks Answers

New York (HedgeCo.Net) – Petters Group Worldwide has filed for Chapter  11 bankruptcy protection after feds launched a probe into an alleged $3 billion scam that was said to be orchestrated by the founder.  The subsidiary company under investigation is […]

Lehman to sell stake in R3 hedge fund

Reuters – Lehman Brothers Holdings Inc agreed on Wednesday to sell its 45 percent stake in hedge fund R3 Capital Partners for $250 million in cash and a $250 million investment in another fund managed by R3. Lehman, which filed […]

Two equity firms buy Lehman’s money management unit

International Herald Tribune – Lehman Brothers said Monday that it would sell for $2.15 billion much of its money management business, including its prized Neuberger Berman asset management unit, to Bain Capital and Hellman & Friedman. The sale of the business, […]

Hedge Funds Challenge Lehman Sale

Reuters – A hedge fund that specializes in distressed investments has filed a notice of appeal in the Lehman Brothers Holdings Inc bankruptcy case, indicating it intends to challenge the court order approving the sale of Lehman’s core U.S. business […]

JGBs jump on safe-haven bids after Lehman collapse

Reuters Tokyo – Japanese government bond futures soared by their daily limit of 3 full points on Tuesday and 10-year yields hit a five-month low on safe-haven buying in the wake of the collapse of Lehman Brothers. Global stock markets […]

Oil loses appeal as hedge against risk

Globe and Mail – Once viewed as a safe haven, crude oil has lost its lustre as investors bet that the crisis in financial markets will hurt an already weakened global economy and drive down petroleum demand. At the same […]

GM Increases Loan to Delphi by $300 million

New York (HedgeCo.Net) – While Delphi continues its quest to secure the capital needed to exit bankruptcy, GM has announced they will increase their loan to the auto parts maker to $950 million.  The extra $300 million will help Delphi […]

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