Bankruptcy

Peabody takes disputed reorganization plan to bankruptcy court

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

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?

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

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

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

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.

James River Coal files bankruptcy after idling a dozen mines

Tiffany Kary and Dawn McCarty, Bloomberg
April 9, 2014
James River Coal Co. filed for bankruptcy for a second time, listing $818.7 million in debt.

Justice delayed...

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!

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

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.