Bankruptcy

Peabody takes disputed reorganization plan to bankruptcy court

By Tracy Rucinski, Reuters | January 26, 2017

Peabody Energy Corp, the world's largest private-sector coal miner, squares off in court on Thursday against opponents of its reorganization plan, including state regulators, shareholders, environmental activists and even former executives.

Clear line between state and market is key to China deleveraging: People's Daily

By Reuters | October 12, 2016

The key to successful deleveraging of corporate debt is a clear line between the government and the marketplace, a commentary in the People's Daily, the official newspaper of the ruling Chinese Communist Party, said Wednesday.

Will your city go bankrupt?

By Frank Holmes | November 5, 2015

The odds of being struck by lightning are an insignificant 0.03%, yet many people still worry it might happen to them. There’s even a name for it: astraphobia. Similarly, some muni bond investors worry about municipal bankruptcies, based on recent high-profile cases, even though such cases occur very infrequently.

New risk for investors into China: Default

By Umesh Desai and Michelle Price, Reuters | May 18, 2015

As China's economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country's unpredictable court system.

Madoff trustee recoups $93 million, up total recovery to $10.6 billion

By Jonathan Stempel, Reuters | March 24, 2015

The trustee recovering money for Bernard Madoff's victims on Monday announced a settlement to recoup $93 million from a "feeder fund" that sent client money to the swindler's firm, boosting the total sum raised to roughly $10.65 billion.

EU running out of patience with Greece

By Paul Taylor and Stephen Brown, Reuters | March 19, 2015

Greece needs to implement reforms, or its time in the euro is going to run out soon.

Justice delayed...

By Daniel P. Collins | April 3, 2014

The CCC was founded by Koutoulas and John Roe shortly after MF Global declared bankruptcy when it became apparent that there was a lack of urgency inside and outside the industry to protect the sanctity of customer segregated funds.

FINALLY!

By Press Release | April 3, 2014

MF Global Inc. Trustee James Giddens achieves milestone: Final 100% Distribution to all former MF Global Inc. customers begins this month.

MF Global sues auditor 2.5 years after collapse

By Bob Van Voris | March 31, 2014

PwC, which provided auditing and accounting experts, failed to advise the firm to account properly for its European sovereign debt holdings, leading it to invest too much in them, MF Global said in a complaint.

MF Global Inc. ordered to pay more than $1 billion in restitution to customers

By Press Release | November 18, 2013

The CFTC obtained a federal court consent Order against Defendant MF Global Inc. (MF Global) requiring it to pay $1.212 billion in restitution to customers of MF Global to ensure customers recover their losses sustained when MF Global failed in 2011.

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