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Delaware

  • June 13, 2007

    Doral Wins Block Of Shareholders' Claims

    A New York judge has ordered two shareholders to suspend their lawsuits against Puerto Rican mortgage lender Doral Financial Corp. until the court rules on a proposed $129 million settlement with plaintiffs in two securities actions.

  • June 12, 2007

    Electronics Retail Chain Files For Chapter 11

    Facing mounting financial challenges, consumer electronics retail chain Tweeter Home Entertainment Group Inc. filed for Chapter 11 protection on Monday.

  • June 12, 2007

    Court Approves Tower Records' Liquidation Plan

    Bankrupt music retailer Tower Records received court approval on Monday of the third draft of its Chapter 11 liquidation plan, which has drawn fire from creditors since it was first filed in March.

  • June 12, 2007

    Ameriquest Wants New Century Stay Lifted

    Ameriquest Mortgage Co. filed a motion Monday in New Century Financial Corp.'s Chapter 11 proceedings requesting relief from the automatic stay in order to pursue an action against a couple who defaulted on an Ameriquest loan.

  • June 12, 2007

    Mortgage Lender Seeks To Bar Shareholder Suits

    Fearing a “flood of collateral litigation” that could send it into bankruptcy, Puerto Rico's largest mortgage lender, Doral Financial Corp., has urged a New York court to stop shareholders from pursuing parallel claims until final approval is granted for a proposed $129 million settlement of two securities fraud lawsuits.

  • June 11, 2007

    AMD Will Seek Sanctions Over Intel's Lost E-Mails

    Computer chip maker Intel Corp. faces calls for sanctions by its opponent in an antitrust suit stemming from the company's now infamous email preservation “lapses.”

  • June 11, 2007

    NYSE Hits Hilliard Lyons With $1M Fine

    NYSE Regulation Inc. said Monday that it had fined investment firm J.J.B. Hilliard, W.L. Lyons Inc. $1 million for allegedly selling unregistered securities through a private placement that didn't qualify for an exemption.

  • June 11, 2007

    Hedge Fund Sues To Force Ryerson Annual Meeting

    Harbinger Capital Partners filed a lawsuit Monday seeking to force metals maker Ryerson Inc. to hold its annual shareholders meeting, at which the hedge fund manager plans to launch its bid to replace a majority of the members on the company's board of directors.

  • June 11, 2007

    Citing Progress, Global Power Seeks Extension

    Global Power Equipment Group Inc. has asked the Delaware court overseeing its Chapter 11 proceedings to extend the power equipment designer and fabricator's exclusive rights to file and seek support for a reorganization plan, arguing that the filing of competing plans could disrupt Global Power's businesses.

  • June 8, 2007

    Pfizer Sues Teva Over Lipitor Patent

    Pharmaceutical giant Pfizer Inc. filed suit Thursday against Teva Pharmaceuticals USA Inc., claiming the generics maker infringed a patent for its cholesterol-lowering drug Lipitor with its latest abbreviated new drug application.

  • June 8, 2007

    AstraZeneca Hit With Wage-And-Hour Suit

    AstraZeneca Pharmaceuticals LP was hit with a proposed wage-and-hour class action Wednesday, which joined similar suits against the pharmaceutical giant in at least three other states.

  • June 8, 2007

    Ex-Dow Chemical Execs Sue For Legal Fees

    Two former executives of Dow Chemical Inc. have sued the company, demanding to be reimbursed for legal fees incurred during a U.S. Securities and Exchange Commission investigation into alleged illegal discussions about selling the company.

  • June 8, 2007

    Judge Approves New Century Examiner

    A judge has approved the appointment of a parter at Kirkpatrick & Lockhart Preston Gates Ellis LLP to serve as the examiner in New Century Financial Corp.'s Chapter 11 proceedings.

  • June 8, 2007

    New Century Creditors Slam Request For Relief

    Peeved at General Electric Capital Corp.'s motion for relief from an automatic stay, the official unsecured creditors committee of New Century Financial Corp.'s ongoing bankruptcy proceedings said on Thursday that the creditor deserved nothing more than what it had already received.

  • June 7, 2007

    Amtrol Emerges From Bankruptcy

    Water storage company Amtrol Holdings Inc. said Wednesday that it had emerged from Chapter 11 after the closing of a $128 million exit financing facility arranged by Merrill Lynch & Co. Inc. and Credit Suisse Group.

  • June 7, 2007

    Sea Containers' Exclusivity Extension Bid Granted

    The judge overseeing Sea Containers Ltd.'s Chapter 11 proceedings has signed off on the company's request to extend its exclusive rights to file and seek support for its reorganization plan.

  • June 7, 2007

    Shareholder Protests Bally's Reorganization Plan

    As Bally Total Fitness Holding Corp. readies for a stint in bankruptcy, a key shareholder is already threatening to sue the fitness giant over its proposed restructuring plan.

  • June 7, 2007

    Tower Records Keeps Exclusivity Rights

    A federal court judge on Thursday spurned an attempt by the official committee of unsecured creditors to terminate bankrupt music distributor Tower Records' exclusive right to propose a restructuring plan and allow the committee to file a competing plan, according to news reports.

  • June 6, 2007

    Pfizer Fights Bid To Keep Bextra Case In State Court

    Pharmaceutical giant Pfizer Inc. has accused a plaintiff in a product liability suit of trying to thwart its efforts to remove the case to federal court by naming local field representatives as co-defendants.

  • June 6, 2007

    Trustee Names New Century Examiner

    After much wrangling, the U.S. Trustee in subprime lender New Century Financial Corp.’s Chapter 11 case on Tuesday asked the court to approve her appointment of an examiner.