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BRIEF-Texas investor Samuel Wyly files for bankruptcy after SEC enforcement case

Mon Oct 20, 2014 2:27pm EDT

Oct 20 (Reuters) –
* Texas investor samuel wyly files for chapter 11 bankruptcy
protection –
court records
* Wyly says has between $100 million and $500 million of both
assets andliabilities
* Wyly cites “massive costs” of enforcement action brought by
U.S.

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CORRECTED-Brazil’s GVO bonds sink on restructuring fears

Mon Oct 20, 2014 4:10pm EDT

(Corrects 12th paragraph to clarify role of oil subsidies)
By Davide ScigliuzzoNEW YORK, Oct 20 (IFR) – Grupo Virgolino de Oliveira (GVO)
bonds slid deeper into distressed territory Monday as the
cash-strapped Brazilian sugar and ethanol giant gets pushed
closer toward debt restructuring.GVO’s

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Brazil’s Oi says Rioforte demise unlikely to impact operations

SAO PAULO
Mon Oct 20, 2014 3:09pm EDT

SAO PAULO Oct 20 (Reuters) – Grupo Oi SA, the Brazilian
telecommunications company struggling with rising debt and
shrinking market share, said the demise of an investment vehicle
that owed the company’s Portugal Telecom SGPS SA unit
almost 1 billion euros

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UPDATE 1-Brazil’s GVO bonds sink on restructuring fears

Mon Oct 20, 2014 4:31pm EDT

(Adds Fitch downgrades GVO two notches to CC)
By Davide ScigliuzzoNEW YORK, Oct 20 (IFR) – Grupo Virgolino de Oliveira (GVO)
bonds slid deeper into distressed territory Monday as the
cash-strapped Brazilian sugar and ethanol giant gets pushed
closer toward debt restructuring.GVO’s unsecured

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UPDATE 2-Texas investor Sam Wyly files for bankruptcy after losing SEC fraud case

Mon Oct 20, 2014 5:56pm EDT

(Adds details on dispute over offshore assets, bankruptcy
hearing on Wednesday, comment from expert, background on case)
By Nate Raymond and Joseph AxNEW YORK Oct 20 (Reuters) – Texas tycoon Sam Wyly has filed
for bankruptcy, saying he does not have the assets

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CORRECTED-U.N. officials tour Detroit to assess impact of water shutoffs

Mon Oct 20, 2014 6:16pm EDT

(Corrects first paragraph to make clear tour started on
Saturday and finished on Monday instead of began on Monday)
By Serena Maria DanielsDETROIT Oct 20 (Reuters) – Two United Nations human rights
officials on Monday finished a tour of Detroit to assess the

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Saudi contractor MMG says board approves recovery plan

KHOBAR, Saudi Arabia
Sun Oct 19, 2014 9:35am EDT

KHOBAR, Saudi Arabia Oct 19 (Reuters) – Saudi contractor
Mohammad Al-Mojil Group’s (MMG) board had approved a
recovery plan that use most of its existing capital base to pay
off debts and new cash raised through a share issue, it

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UPDATE 1-Espirito Santo family’s main holding companies to be liquidated

Fri Oct 17, 2014 9:17am EDT

(Updates with second company)
LISBON Oct 17 (Reuters) – A Luxembourg court has cleared
the way for the liquidation of the main holding company of the
Espirito Santo family, virtually completing the bankruptcy of
the family whose huge debts forced the emergency rescue

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Creditors take aim at Energy Future plan for sale of Oncor stake

By Tom Hals

Fri Oct 17, 2014 1:35pm EDT

Oct 17 (Reuters) – Energy Future Holdings squared off
against creditors in court on Friday as the bankrupt Texas power
company sought approval to begin a multibillion dollar auction
of its interest in Oncor, a power transmission business.
The company

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BRIEF-Judge says to allow Trump Entertainment to end collective bargaining pact

Fri Oct 17, 2014 3:13pm EDT

Oct 17 (Reuters) – Trump Entertainment Resorts Inc:
* Bankruptcy judge says to grant motion allowing Trump
Entertainment Resorts
Inc to end collective bargaining agreement
* Bankruptcy judge says to issue written opinion on Trump
Entertainment Resortslabor pact next week
* Ending Trump

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UPDATE 1-Novo Banco moves closer to deal for troubled Angola arm

Mon Oct 20, 2014 12:01pm EDT

(Adds details, background)
LISBON Oct 20 (Reuters) – Portugal’s Novo Banco — the
successor to bailed-out Banco Espirito Santo (BES) –
has moved closer to a rescue deal for its Angolan unit, with the
African nation’s central bank agreeing a recapitalisation plan
for

BRIEF-Texas investor Samuel Wyly files for bankruptcy after SEC enforcement case

Mon Oct 20, 2014 2:27pm EDT

Oct 20 (Reuters) –
* Texas investor samuel wyly files for chapter 11 bankruptcy
protection –
court records
* Wyly says has between $100 million and $500 million of both
assets andliabilities
* Wyly cites “massive costs” of enforcement action brought by
U.S.

Facebook Sues DLA, Milberg, Former NY AG Over Ceglia Case

David Bario, The Litigation Daily

October 20, 2014

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The lawsuit, filed by lawyers at Kellogg Huber, alleges that

CORRECTED-Brazil’s GVO bonds sink on restructuring fears

Mon Oct 20, 2014 4:10pm EDT

(Corrects 12th paragraph to clarify role of oil subsidies)
By Davide ScigliuzzoNEW YORK, Oct 20 (IFR) – Grupo Virgolino de Oliveira (GVO)
bonds slid deeper into distressed territory Monday as the
cash-strapped Brazilian sugar and ethanol giant gets pushed
closer toward debt restructuring.GVO’s

Brazil’s Oi says Rioforte demise unlikely to impact operations

SAO PAULO
Mon Oct 20, 2014 3:09pm EDT

SAO PAULO Oct 20 (Reuters) – Grupo Oi SA, the Brazilian
telecommunications company struggling with rising debt and
shrinking market share, said the demise of an investment vehicle
that owed the company’s Portugal Telecom SGPS SA unit
almost 1 billion euros