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  1. GM to seek court protection against ignition suits

    Headlines

    Wed, 16 Apr 2014

    April 16 (Reuters) - General Motors Co said it will ask a U.S. bankruptcy court to bar plaintiffs from proceeding with lawsuits against the automaker for claims related to any actions before it filed for bankruptcy in 2009.

  2. Detroit police, fire retirees reach pension deal -court mediators

    Headlines

    Tue, 15 Apr 2014

    April 15 (Reuters) - Detroit reached a deal with a group representing police and fire retirees over the treatment of pensions and health care benefits, U.S. Bankruptcy Court mediators announced on...

  3. UPDATE 3-Detroit closer to exiting bankruptcy after swaps deal approval

    Headlines

    Fri, 11 Apr 2014

    DETROIT, April 11 (Reuters) - Detroit's plan to get out of bankruptcy cleared a major hurdle on Friday when a U.S. Bankruptcy Court judge approved the cash-strapped city's third attempt at settling costly interest-rate swap agreements with two investment banks.

  4. U.S. judge rules $85 mln Detroit swaps settlement is "reasonable"

    Headlines

    Fri, 11 Apr 2014

    DETROIT, April 11 (Reuters) - A U.S. Bankruptcy Court judge on Friday said the court should approve Detroit's settlement with two investment banks over soured swaps used to hedge interest rate risk...

  5. Red Ink, Red-Eyed Judges, and the High Costs of Crowded Bankruptcy Courts

    Headlines

    Thu, 10 Apr 2014

    is the rate of “recidivism,” meaning the rate at which firms whose cases are dismissed by a judge return to bankruptcy court within three years of initially filing. For a median-sized firm in Iverson’s research, the three-year recidivism

  6. IPO Preview: Ally Financial

    Headlines

    Thu, 10 Apr 2014

    automotive financial services company with over 90 years of experience providing a broad array of financial products and services to automotive dealers and their customers. The Bankruptcy Court entered an order confirming Complete Story »

  7. Creditors say Detroit bankruptcy plan lacks needed details

    Headlines

    Mon, 7 Apr 2014

    April 7 (Reuters) - Creditor objections flowed into a U.S. bankruptcy court on Monday claiming a document supporting Detroit's plan to deal with $18 billion of debt and other obligations is woefully short on facts.

  8. Anadarko Petroleum: Free At Last

    Headlines

    Fri, 4 Apr 2014

    Price Point: Anadarko Petroleum's ( APC ) announcement yesterday, ahead of what was supposed to be the final bankruptcy court hearing in the Tronox Adversary Proceeding, came as a surprise to the market and the stock surged almost 15% in

  9. Detroit manager seeks city's bankruptcy exit by Oct. 15

    Headlines

    Thu, 3 Apr 2014

    DETROIT, April 3 (Reuters) - Detroit's emergency manager, Kevin Orr, on Thursday said in testimony before a U.S. bankruptcy court that he wants the city to exit bankruptcy by Oct. 15, just weeks...

  10. Detroit revised bankruptcy exit plan envisions bigger pain for some

    Headlines

    Mon, 31 Mar 2014

    March 31 (Reuters) - Some of Detroit's retirees and bondholders would fare a little worse under a revised plan the city filed in U.S. Bankruptcy Court on Monday to deal with its $18 billion of debt and other obligations.

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