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A New York bankruptcy judge refused on Thursday to enforce a deal worth perhaps $1 billion between a General Motors Corp. bankruptcy trust and hundreds of people hurt because of defective ignition switches in millions of its vehicles, but not without read more

Bankrupt air bag maker Takata wants a Delaware bankruptcy court to ratify settlements with seven former executives who currently receive company health benefits but, with court approval, would get cash in exchange for the termination of those benefit read more

Toshiba Corp. announced Thursday it has agreed to sell billions worth of claims it holds against Westinghouse Electric Co., its bankrupt nuclear contracting subsidiary, for close to $2.2 billion, helping set up a path for Westinghouse to confirm a re read more

Sureties have surety defenses which sometimes allow them to disclaim coverage under performance bonds. However, this often requires a long and lengthy litigation in which the surety must sustain multiple burdens of proof, says Gary Strong of Seiger G read more

The Chapter 11 plan of structured settlement financing company J.G. Wentworth Co. received court approval Wednesday in Delaware over the objection of the U.S. trustee to third-party releases in the plan. read more