Bankruptcy
Borders Outlines Additional 28 Store Closings
The additional closings would bring the remaining store total to about 400.
Judge Expected To Rule On Blockbuster’s Future
The U.S. Bankruptcy Court for the Southern District in New York will rule on whether a bid by a group of debtholders for $290 million should be approved.
Kallas Remarks: Can They Settle?
Using the six-year look back period involved in bankruptcies in New York, the following will try to lay out the parameters for a possible settlement of the Madoff lawsuit involving the Wilpon/Katz defendants.
Borders Files For Ch. 11 Bankruptcy Protection
The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, Borders spokeswoman Mary Davis said.
Judge Approves Massive Madoff Settlement
A historic $7.2 billion deal was approved Thursday to settle a lawsuit brought against the estate of one of the oldest and wealthiest clients of disgraced financier Bernard Madoff.
1,000 In N.J. Could Lose Jobs After A&P Bankruptcy
Workers at a grocery distributor in New Jersey could lose their jobs in February in the wake of a bankruptcy filing by the supermarket giant.
Officials Warn NYC Off-Track Betting Could Shut Down
Officials are warning that the New York City Off-Track Betting Corp. could be forced to shut down in December unless state lawmakers approve a bailout of the operation.
Affluent L.I. Residents Filing For Bankruptcy
Most attorneys admit it’s rare, but residents making even $500,000 a year are filing.
St. Vincent’s Closer To Selling Westchester Operations
A bankruptcy court approved a $38 million deal on Thursday that allows it to complete the sale with St. Joseph’s Medical Center in Yonkers.
Lehman Brothers Art Auctioned Off In NYC
An auction of contemporary artworks held by failed investment firm Lehman Brothers and its former subsidiary, Neuberger Berman, brought in nearly $12.3 million Saturday, according to Sotheby’s.
NYC OTB: Tuesday Deadline Critical
New York City Off-Track Betting Corp. President Greg Rayburn said Tuesday was another critical deadline for the ailing bookmaking agency’s future.
Chelsea Art Museum Closes For Rest Of August
The company that owns the West 22nd Street museum filed for Chapter 11 bankruptcy protection earlier this month in an effort to avoid foreclosure.
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