Highlights
A collection of news and information related to Bankruptcy published by this site and its partners.
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U.S. opposes $20-million severance plan for AMR's CEO
The Justice Department on Friday opposed American Airlines' proposal to pay $20 million in severance to Chief Executive Tom Horton as part of the carrier's merger with US Airways Group Inc. The payment violates bankruptcy law, the U.S. trustee's office,...Tags: U.S. Department of Justice, U.S. Airways, Companies and Corporations, American Airlines, Inc., Justice System
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LAPD reviewing Manson follower tapes in hunt for new clues
After a lengthy battle, Los Angeles Police Department detectives and prosecutors have decades-old audiotapes that could shed new light on other cases potentially connected to the Charles Manson killing spree. LAPD Cmdr. Andrew Smith said the department'...
Tags: Scientology, Charles Manson, Prosecution, Murder, Justice System
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L.A. City Council OKs Villaraigosa's final, $7.7-billion budget
The Los Angeles City Council on Thursday signed off on Mayor Antonio Villaraigosa's final $7.7-billion budget, setting the stage, as several members acknowledged, for many city workers to get a 5.5% raise in eight months. Council members did not vote to...
Tags: Wendy Greuel, Herb Wesson, Budgets and Budgeting, Politics, Finance
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Garcetti's advantage
As Mayor-elect Eric Garcetti assembles his new administration, it is interesting, and encouraging, to note the odd confluence of circumstances that will leave him beholden less to factions or special interests and more to the people of Los Angeles....
Tags: Wendy Greuel, Local Elections, Politics, Government, Public Employees
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City Council approves final Villaraigosa budget of $7.7 billion
The Los Angeles City Council on Thursday unanimously approved Mayor Antonio Villaraigosa’s final budget, expanding key services as several members acknowledged that many city workers will likely get a 5.5% raise in eight months. Councilman Eric...
Tags: Herb Wesson, Healthcare Contract Issues, Budgets and Budgeting, Politics, Los Angeles Police Department
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Bell is on the brink of a fiscal crisis, audit says
This post has been corrected. Please see the note below.Bell's finances have worsened considerably since its infamous corruption scandal, leaving the city unable to refund millions of dollars in taxes illegally levied on residents and businesses, an audit released Wednesday shows. The report by the state...Tags: City of Bell Public Corruption Scandal, John Chiang, Accounting and Auditing, Justice System, Trials
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Judge rules gifts cards from belly-up Borders bookstores worthless
Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by...
Tags: Services and Shopping, The Wall Street Journal, Justice System, Financially Distressed Companies, Borders Group Incorporated (MI)
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For candidates and campaigners, the hangover begins
For candidates, campaigners, consultants and donors, Tuesday night must feel a little like standing at the roulette table in a Las Vegas Casino. Bets are down and the wheel is spinning. Who will win, who will lose, no one knows until the wheel stops. Or...
Tags: Local Government, Politics, Elections
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Unions protest over potential sale of L.A. Times to Koch brothers
About 300 labor union members and other activists staged a demonstration to protest the potential sale of the Los Angeles Times to the politically conservative Koch brothers. Demonstrators marched outside the downtown L.A. headquarters of Oaktree...
Tags: California Public Employees' Retirement System, Employees, Tribune Company, Demonstration, Politics
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Ex-Compton fire official charged with arson, theft
Marcel Melanson was a hero in Compton. The fire battalion chief led teams that raced to help victims of car crashes and street violence. Three years ago, he got national exposure as a star of a BET reality TV program that followed Compton firefighters...
Tags: Black Entertainment Television (tv network), Los Angeles County Sheriff's Department, Politics, Government, Entertainment
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Unions protest over potential L.A. Times sale to Koch brothers
About 300 labor-union members and other activists staged a demonstration Tuesday to protest the potential sale of the Los Angeles Times to the billionaire politically conservative Koch brothers. Demonstrators marched outside the downtown L.A....
Tags: Employees, Tribune Company, Finance, Politics, David Koch
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TV, movie shoots get inside track at Irwindale Speedway
A loud screeching sound echoed across the oval racetrack as a driver burned rubber, revving the engine of a silver Mercedes-Benz and spinning the vehicle a full 360 degrees while kicking up a cloud of dust and smoke. This wasn't a stock car race, but...
Tags: Mario Andretti, Sundance Channel (tv network), 90210 (tv program), NASCAR, Coca-Cola Co.
May 24, 2013
|Story| Bloomberg
May 24, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Los Angeles Times
May 22, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Los Angeles Times
May 21, 2013
|Story| Los Angeles Times
May 15, 2013
|Story| Los Angeles Times
May 17, 2013
|Story| Los Angeles Times
May 14, 2013
|Story| Los Angeles Times
May 15, 2013
|Story| Los Angeles Times
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