February 18, 2011
JPMorgan says Lehman called assets "goat poo"The bank has revised a lawsuit to include an allegation of fraudulent inducement to lend, asserting that Lehman and Barclay's knew that Chase's emergency loans would never paid back.
Bachelor Aaron Buerge: I'm in Bankruptcy, But Not BrokeThe happily married former "Bachelor" star found true love over the course of the reality show in 2002 only to call it quits not one month later. In a somewhat insightful commentary on his debts, amounting to more than four times his assets, Buerge asserts, "I'm not in financial distress - nothing like that."
Giordano's Pizza, Famous Chicago Deep-Dish Chain, Files For Bankruptcy
February 17, 2011
More Problems for MERS
From: "Steve Smith" <firstname.lastname@example.org>
Sent: Tuesday, February 15, 2011 9:31:58 AM
Subject: [cdcbaa] Re: Big MERS decision
This is a follow-up piece on the decision, from the Wall Street Journal: http://blogs.wsj.com/developments/2011/02/14/us-bankruptcy-judge-questions-legal-claims-of-mers/
The actual holding of the case granted the MFR in favor of the movant, on the grounds that the prior judicial foreclosure ruling the party was trying to enforce was res judicata; the exciting part of the decision comes when the judge holds that not withstanding the ruling, in future cases where a party appears in court with a claim based on an assignment from MERS, they will be out of luck...this is the actual ruling: http://www.nyeb.uscourts.gov/opinions/reg/334499_41_opinion.pdf
Borders' First Day Motions
Here is the Declaration supporting the Borders' First Day Motions. Tells you the structure of the company, what went wrong, the general plan. I always find these fascinating. Of course they have two stores in Manhattan which is why they filed there.
February 15, 2011
Owner of unfinished Wyndham hotel files for bankruptcy
Seahawk to seek bankruptcy protection, sell assets
"Gulf of Mexico driller Seahawk Drilling Inc (HAWK.O) said it would file for bankruptcy protection and sell its 20 shallow-water rigs to bigger rival Hercules Offshore (HERO.O) for about $100 million."