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 »
Tag Archives: bankruptcynews
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 »
Ally, ResCap creditors race to finalize settlement
Tue May 14, 2013 9:20am EDT May 14 (Reuters) – Ally Financial Inc must sign a deal to resolve claims that it owes billions of dollars to creditors of its Residential Capital LLC unit by 11 a.m. EDT Tuesday (1500 Read more »
BRIEF-Ally, Rescap creditors reach settlement in principle – ResCap’s CRO
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 »
UPDATE 1-Bankrupt Alabama county has deal on $105 mln of bonds
Tue May 14, 2013 3:29pm EDT * Deal covers county general obligation bonds * Agreement comes ahead of promised county workout plan * County says bonds will shift to fixed-rate from variable By Melinda Dickinson BIRMINGHAM, Ala., May 14 (Reuters) Read more »
Ally, ResCap creditors reach settlement
Tue May 14, 2013 11:56am EDT May 14 (Reuters) – Bankrupt Residential Capital LLC said on Tuesday that parent Ally Financial Inc reached a private settlement with ResCap creditors, who say Ally owes them $25 billion.The deal will keep sealed Read more »
Bulgaria resumes sale of ailing arms plant
SOFIA | Tue May 14, 2013 12:04pm EDT SOFIA May 14 (Reuters) – Bulgaria on Tuesday resumed the sale of state-owned arms maker VMZ Sopot, aiming to attract a strategic investor to overhaul the debt-laden plant and funds for the 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 »