By Verna Gates BIRMINGHAM, Ala. | Thu May 16, 2013 6:26pm EDT BIRMINGHAM, Ala. Read more »
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Settlement: Wells Fargo Ordered to Pay $203M in Overdraft Fees Class Action Settlement
May 16 2013 San Francisco, CA: US District Judge William Alsup has issued an order to reinstate a $203 million judgment against Wells Fargo Bank. The judgment is based upon the court’s findings, as affirmed on appeal by the Ninth Read more »
Treveria and Hatfield clash over defaulted German loan
By Owen Sanderson Fri May 17, 2013 9:04am EDT LONDON, May 17 (IFR) – Special servicer Hatfield Philips has sought to reassure investors in the Talisman-6 CMBS worried about the future of the EUR360.4m Orange Loan, which has been in Read more »
Hong Kong April bankruptcy petitions rise 2.6 pct from March
Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and Read more »
PRESS DIGEST – Wall Street Journal – May 16
Thu May 16, 2013 1:44am EDT May 16 (Reuters) – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * A heated takeover battle has Read more »
Detroit recovery plan a negative for bondholders-Moody’s
Thu May 16, 2013 11:15am EDT May 16 (Reuters) – A financial recovery plan released on Monday by a state-appointed emergency manager running Detroit has negative consequences for the city’s bondholders, Moody’s Investors Service said on Thursday.”The plan is negative Read more »
UPDATE 1-Detroit recovery plan raises specter of default -Moody’s
Thu May 16, 2013 11:55am EDT May 16 (Reuters) – Detroit’s bondholders face a heightened chance of default or bankruptcy by the city under a financial recovery plan released on Monday by a state-appointed emergency manager running the city, Moody’s Read more »
Suntech lenders agree to defer $541 mln bond repayment again
Wed May 15, 2013 8:19am EDT May 15 (Reuters) – China-based solar panel maker Suntech Power Holdings Co Ltd, whose main unit is in insolvency proceedings, said it reached an agreement with some lenders to further defer its obligations on Read more »
Ropes Settles Age Discrimination Suit With Ex-Partner
Ropes & Gray has settled a two-year-old discrimination lawsuit brought by former partner Patricia Martone, who claimed Ropes management routinely passed her clients off to younger male partners and unfairly pushed her out of the firm.In a one-page stipulation filed Read more »