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    May 6, 2013 |Story| Daily Press
  1. Martinovich found guilty on 17 federal fraud counts

    NEWPORT NEWS — A federal jury on Monday found Jeffrey A. Martinovich, the head of now-defunct MICG Investment Management, guilty on 17 of the 25 fraud counts he faced.
    NEWPORT NEWS — A federal jury on Monday found Jeffrey A. Martinovich, the head of now-defunct MICG Investment Management, guilty on 17 of the 25 fraud counts he faced. Following a case that saw more 35 witnesses take the stand and featured...

    Tags: Justice System, Mutual Funds, Finance, Trials, Stock Market

  2. May 1, 2013 |Story| Los Angeles Times
  3. Electric car maker Coda files for bankruptcy, will go up for sale

    Coda Automotive Inc., the Los Angeles-based electric-car maker backed by billionaire Philip Falcone, has filed for bankruptcy and will put itself up for sale.
    Coda Automotive Inc., the Los Angeles-based electric-car maker backed by billionaire Philip Falcone, has filed for bankruptcy and will put itself up for sale. Coda listed assets of no more than $50 million and liabilities of up to $100 million in the...

    Tags: Automotive Equipment, Manufacturing and Engineering, Hybrid Vehicles, Companies and Corporations, Ford

  4. May 7, 2013 |Story| Orlando Sentinel
  5. Casey Anthony trustee withdraws plan to sell her life story in bankruptcy

    A trustee has withdrawn his plan to sell the rights to Casey Anthony's life story as part of her Chapter 7 bankruptcy.
    A trustee has withdrawn his plan to sell the rights to Casey Anthony's life story as part of her Chapter 7 bankruptcy. The trustee overseeing Anthony's bankruptcy, Stephen L. Meininger, had filed a motion in March seeking permission to sell "the...

    Tags: Financially Distressed Companies, Justice System, Lawyers, Crime, Law and Justice

  6. May 1, 2013 |Column| Chicago Tribune
  7. 'Mortal Kombat' creator Ed Boon back with DC superhero game

    Ed Boon was pulling punches.
    Ed Boon was pulling punches. I could tell immediately: Why else would Aquaman be wiping the floor with Batman? Not to mention, I was playing Ed Boon in a video game, a fighting game, that Ed Boon, the king of the fighting-game genre, created. The game...

    Tags: Midway Games Inc., Entertainment, Science and Technology, Lobbying, Gaming Industry

  8. May 1, 2013 |Story| Chicago Tribune
  9. Arizona legislature votes to make gold, silver legal tender

    Arizona lawmakers on Tuesday voted to make silver and gold coins and bullion legal currency in the state, citing concerns about the stability of the world's monetary system.
    Reuters
    Arizona lawmakers on Tuesday voted to make silver and gold coins and bullion legal currency in the state, citing concerns about the stability of the world's monetary system. If signed into law, Arizona would become the second state in the nation to...

    Tags: Business, Justice System, Government, Gold Standard Incorporated, Tea Party Movement

  10. May 6, 2013 |Story| South Florida Sun-Sentinel
  11. New testimony backs up Shapiro claims of yacht parties with Miami athletes

    CORAL GABLES — New testimony related to Nevin Shapiro's on-going bankruptcy backs up at least some of the former UM booster's claims of NCAA rule violations. Roberto Torres, the former chief financial officer for Shapiro's Capitol Investments, was...

    Tags: Prosecution, Financially Distressed Companies, College Sports, Justice System, Nevin Shapiro

  12. May 6, 2013 |Story| KY3-TV
  13. Patriot Coal's bid to cut retiree benefits now in hands of bankruptcy judge

    ST. LOUIS, Mo. -- A bankrupt St. Louis-based coal company's push to significantly cut thousands of retirees' health care and pension benefits is in the hands of a judge.
    ST. LOUIS, Mo. -- A bankrupt St. Louis-based coal company's push to significantly cut thousands of retirees' health care and pension benefits is in the hands of a judge. U.S. Bankruptcy Judge Kathy Surratt-States has until May 29 to decide the matter...

    Tags: Financially Distressed Companies, Justice System, Peabody Energy Corporation, Companies and Corporations, Health Insurance Cost

  14. May 6, 2013 |Story| Orlando Sentinel
  15. Search group objects to Casey Anthony's bankruptcy discharge

    Another debtor is fighting Casey Anthony's attempt to clean her financial slate through bankruptcy: Texas Equusearch, the search-and-recovery group that looked for Anthony's daughter in 2008.
    Another debtor is fighting Casey Anthony's attempt to clean her financial slate through bankruptcy: Texas Equusearch, the search-and-recovery group that looked for Anthony's daughter in 2008. Texas Equusearch is suing Anthony in state court, alleging...

    Tags: Financially Distressed Companies, Casey Anthony

  16. Apr 30, 2013 |Story| Chicago Tribune
  17. Men allege abuse, sue religious order in Cook court

    Unable to get restitution in federal bankruptcy court, 31 Chicago-area men have filed a lawsuit in Cook County Circuit Court, accusing the Congregation of Christian Brothers of putting them in harm's way decades ago.
    Unable to get restitution in federal bankruptcy court, 31 Chicago-area men have filed a lawsuit in Cook County Circuit Court, accusing the Congregation of Christian Brothers of putting them in harm's way decades ago. In three lawsuits filed Friday,...

    Tags: Financially Distressed Companies, Litigation, Justice System, Trials, Religion and Belief

  18. May 6, 2013 |Story| Los Angeles Times
  19. Pro athletes who shop for workers' comp

    In recent years, California has become a favorite venue for workers' compensation claims by athletes with only tenuous ties to the Golden State. Many former pros have won six-figure awards for injuries built up over time even though they've never lived or worked in the state, except to train or play the occasional game here. In some cases, judges have even granted them awards over and above the ones they've <a href="http://lat.ms/18irPaT">already obtained</a> in their home states.
    In recent years, California has become a favorite venue for workers' compensation claims by athletes with only tenuous ties to the Golden State. Many former pros have won six-figure awards for injuries built up over time even though they've never lived or...

    Tags: Employment Opportunities, Employment, Justice System, Henry T. Perea, Employees

  20. May 5, 2013 |Story| Orlando Sentinel
  21. 05/06: Bankruptcies

    <strong>Chapter 7</strong>
    Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: Hunters Creek Property Investment LLC, 121 S. Orange Ave., #1230, Orlando. Filed: April 29. Estimated assets:...

    Tags: Business, Financially Distressed Companies, New Smyrna Beach, Longwood (Seminole, Florida), Companies and Corporations

  22. May 4, 2013 |Story| Los Angeles Times
  23. Dodgers are breaking even on the field, doing better off it

    On the day Frank McCourt surrendered the keys to Dodger Stadium and cashed out, the Dodgers had the best record in the National League.
    On the day Frank McCourt surrendered the keys to Dodger Stadium and cashed out, the Dodgers had the best record in the National League. In the year since Mark Walter flashed his cash and Magic Johnson flashed his smile — from May 1 of last year...

    Tags: Magic Johnson, Ned Colletti , National League West, Baseball, Adrian Gonzalez

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Bankruptcy Photos
An estimated 400 depositors line up outside the Des Pla...
(May 22, 2013)
Michael: [screaming into the office] "I DECLARE BANKRUP...
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On how to declare bankruptcy
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George R. Mesires , Finance and Restructuring practice co-chair, Ungaretti & Harris