July 31, 2013
A Delaware bankruptcy judge on Wednesday confirmed defunct broker-dealer Penson Worldwide Inc.'s Chapter 11 liquidation plan, allowing the company and its affiliates to distribute the proceeds realized during its two-year wind-down.
March 26, 2013
A Delaware bankruptcy judge on Tuesday signed off on Penson Worldwide Inc.'s $10.5 million sale of Nexa Technologies Inc. to a Canadian financial services cooperative, allowing the defunct broker dealer to shed its sole operating entity and continue toward a planned liquidation.
March 12, 2013
A committee representing Penson Worldwide Inc.'s unsecured creditors on Tuesday demanded more information on the defunct broker dealer's liquidation plan, saying it improperly favors bondholders over unsecured creditors of Penson subsidiaries who are senior in priority.
February 22, 2013
Bankrupt brokerage Penson Worldwide Inc. on Thursday announced a $10.5 million stalking horse bid from a financial services cooperative for Nexa Technologies Inc., its sole operating entity, in a flurry of filings that also includes a bid to tap directors and officers insurance policies for employees' defense of civil suits.