Monthly Archives: November 2011
Foreclosure Firm Steven J. Baum to Close Down
A law firm that had become a lightning rod in the controversy over mortgage-foreclosure practices has shut down, costing 89 employees their jobs. The Steven J. Baum P.C. law firm, which has offices in Amherst, N.Y., and Westbury on Long Island, has filed papers with government agencies notifying them that it plans to close. It [...]
Posted in Foreclosure
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Sbarro Fast-Food Pizza Chain Wins Court Approval for Bankruptcy-Exit Plan – Bloomberg
Sbarro Inc., the fast-food pizza restaurant chain, won approval of its plan to restructure and exit bankruptcy protection. Sbarro will give ownership of the reorganized company to senior lenders owed about $176 million under the proposal approved today by U.S. Bankruptcy Judge Shelley C. Chapman in Manhattan. The company, based in Melville, New York, started [...]
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Fox Wants Dodgers’ Bankruptcy Case Dismissed, Slams McCourt, MLB
In a sharply worded court filing late Wednesday, Fox Sports said it would ask a U.S. Bankruptcy Court to dismiss the Dodgers from bankruptcy. In the process, Fox slammed Major League Baseball as “Prime Ticket’s former ally” and claimed the only reason Dodgers owner Frank McCourt wants to sell the team’s television rights now is [...]
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Fannie Mae, Freddie Mac Ban Baum From Foreclosures
Fannie Mae and Freddie Mac have dropped Steven J. Baum P.C., New York’s largest foreclosure law firm, from its network of firms that process the foreclosures of mortgages owned by the government-sponsored enterprises. The servicers of Freddie Mac and Fannie Mae-owned mortgages can no longer refer foreclosure cases to the Baum firm, though the firm [...]
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Goldman Sachs Sued by Capmark to Recover $147 Million Insider Preference
Units of Goldman Sachs Group Inc. GS were sued by Capmark Financial Group Inc., which accused them of wrongly collecting $147 million five months before Capmark went bankrupt. While they were co-owners of Capmark in May 2009, a group of Goldman units used their influence to help convince Capmark to refinance $1.5 billion in unsecured [...]
Posted in Bankruptcy
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