Monthly Archives: September 2011
Judge Narrows Madoff Trustee’s Suit vs. Mets Owners
In a ruling that could have a far-reaching impact on lawsuits seeking money for Bernard Madoff‘s victims, a federal judge threw out the bulk of claims by a court-appointed trustee who sought to recover about $1 billion from the owners of the New York Mets baseball team. The decision by U.S. District Judge Jed Rakoff [...]
Fannie Mae Ignored Robo-Signing Abuses in Florida Foreclosures
Federal mortgage giant Fannie Mae was told in 2006 about faulty court documents filed by Florida foreclosure attorneys acting on its behalf but did nothing to correct the practices, an inspector general found. A report issued Friday by the Federal Housing Finance Agency Office of Inspector General said an outside law firm Fannie Mae hired [...]
Posted in Foreclosure
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Attorneys for MLB ask Delaware Bankruptcy Judge to Clear Way for Sale of Dodgers
DOVER, Del. — Attorneys for Major League Baseball asked a Delaware bankruptcy judge on Friday to clear the way for a sale of the Los Angeles Dodgers, saying team owner Frank McCourt is driving the team to destruction. Attorneys for the league argued in a court filing that McCourt is using the team’s Chapter 11 [...]
Posted in Bankruptcy
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JPMorgan Seeks to Move Lehman’s $8.6 Billion Lawsuit Out of Bankruptcy Court
JPMorgan Chase & Co (JPM.N) is asking to move to federal court a lawsuit from Lehman Brothers Holdings Inc LEHMQ.PK accusing it of siphoning $8.6 billion from Lehman’s estate in the days leading up to its record bankruptcy. In court papers filed late Monday, JPMorgan said the case, filed in U.S. Bankruptcy Court, should be [...]
Posted in Bankruptcy
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Number of College Grads Who End Up Filing For Bankruptcy Jumps 20% Over Past Five Years
The number of bankruptcy filers who have college degrees has swelled more than 20% over the past five years as the impact of the economic downturn broadens, a new study showed.Those with just a high school diploma still account for the biggest proportion of bankruptcy filers, making up more than a third of them, according [...]
Posted in Bankruptcy
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