Tag Archives: Obligation

For Detroit in crisis, next six weeks determine bankruptcy fate

By Bernie Woodall and Karen Pierog DETROIT | Sun May 19, 2013 4:49pm EDT DETROIT May 19 (Reuters) – Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit’s Read more »

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California cities to remain ‘fiscally challenged’-Moody’s

WASHINGTON | Tue May 14, 2013 12:48pm EDT WASHINGTON May 14 (Reuters) – Many California cities are showing signs of improvement, but limits on raising revenues, swelling pension costs and other pressures will leave them “fiscally challenged over the next Read more »

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Bankrupt Alabama county says has deal on $105 mln of bonds

BIRMINGHAM, Ala. | Tue May 14, 2013 1:29pm EDT BIRMINGHAM, Ala Read more »

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Possible Case: SSRIs Linked to Post-Op Bleeding Adverse Events, New Study Shows

May 1 2013 New York, NY: Antidepressants known as selective serotonin reuptake inhibitors (SSRIs), may increase risk of bleeding and the need for blood transfusions following operations, according a study done by researchers from the University of California, San Francisco.SSIRs Read more »

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Moody’s says Detroit bankruptcy could mean further downgrades

April 24 | Wed Apr 24, 2013 2:29pm EDT April 24 (Reuters) – Detroit’s already low credit ratings could sink further if the city is allowed to file for bankruptcy, Moody’s Investors Service said on Wednesday. The credit rating agency Read more »

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Settlement: KGB-USA Settles Employment Class Action for $1.3M

April 23 2013 Bethlehem, PA: KGB-USA, one of the largest independent providers of directory assistance and enhanced information services globally, will pay $1.3 million to settle charges it violated the Fair Labor Standards Act. The charges arise from an investigation Read more »

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Law Suit Filed: Coyote Ugly Unpaid Overtime

April 18 2013 Nashville, TN Coyote Ugly Saloon Development Corp (CUSDC) is facing an unpaid overtime class action lawsuit brought by former and current bartenders and dancers.Filed in the US District Court of Nashville, the employment lawsuit alleges Coyote Ugly Read more »

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Law Suit Filed: Mazzolli’s Faces Employment Class Action Lawsuit

April 12 2013 New York, NY: An employment class action lawsuit has been filed by a former server for the Mallozzi Group, alleging the restaurant and catering business fails to pay its serves their tips, and has cheated those servers Read more »

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Poland’s Polimex says creditors will not break off restructuring

WARSAW | Fri May 24, 2013 3:32am EDT WARSAW May 24 (Reuters) – Polish builder Polimex said on Friday its creditors agreed not to break off a debt restructuring deal after the company breached one of the covenants defined by Read more »

Settlement: $40M Proposed Settlement in Dendreon Securities Class Action Lawsuit

May 23 2013 San Diego, CA: To all persons and entities who purchased or otherwise acquired Dendreon Common stock between April 29, 2010 and August 3, 2011, inclusive, a proposed $40 million settlement has been reached in the pending securities Read more »

Ally Makes Peace with ResCap, Creditors for $2.1 Billion

Copyright 2013.ALM Media Properties, LLC. All rights reserved Read more »

Rejecting $7 Billion Deal, Retailers Sue Visa and MasterCard

From the moment it was announced last July, critics have panned the $7.25 billion deal that MasterCard, Visa, and a group of major card-issuing banks struck to resolve claims that they fixed fees on credit and debit card transactions. Read more »

Ally settlement may be a boon for ResCap bondholders

Thu May 23, 2013 5:52pm EDT * Paulson, hedge funds will likely make profit on settlement * MBIA, FGIC to recoup about $1 billion * Ally to contribute $2.1 billion to ResCap creditors By Nick Brown NEW YORK, May 23 Read more »

Fear of art sale sparked by Detroit emergency manager asking for appraisal

By Steve Neavling DETROIT | Fri May 24, 2013 12:56am EDT DETROIT May 24 (Reuters) – As part of his efforts to solve Detroit’s financial crisis, the city’s emergency manager Kevyn Orr has asked for an appraisal of the collection Read more »

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