News

Insurer Confie Seguros Holding II Co. is urging an Illinois federal court to greenlight its securities fraud suit against the owners of an auto insurance network, brushing aside motions to dismiss and calling the $100 million scheme “so blatant read more

The U.S. government on Monday backed efforts to appeal a bankruptcy court's valuations of General Motors' assets in a clawback case over a $1.5 billion GM term loan, noting its interest in maximizing recoveries for the federally supported est read more

A suspended lawyer convicted of tax fraud has challenged a California federal magistrate judge’s finding that he still owes more than $1 million in back taxes and penalties, arguing the holding violated his due process rights. read more

The official committee of unsecured creditors in the Chapter 11 case of supplement retailer Vitamin World Inc. objected to a $25 million debtor-in-possession financing package late Monday in Delaware, saying the loan imposes tight deadlines for the c read more

Public interest can occasionally color decisions on how to handle corporate bankruptcy transactions, but appointed boards handling insolvencies are typically bound to maximizing the value to creditors above all else, U.S. Bankruptcy Court judges said read more