Bankruptcy: Today’s top news on Westlaw News & Insight

November 9, 2010

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Here are today’s top stories from the Bankruptcy site.

Bond insurer Ambac files for bankruptcy Bond insurer Ambac files for bankruptcy
Ambac Financial Group Inc, which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for bankruptcy on Monday, according to court documents.
MGM studio seeks court OK for $500 million exit financing MGM studio seeks court OK for $500 million exit financing
Metro-Goldwyn-Mayer Studios Inc. sought bankruptcy court approval for a $500 million loan to facilitate its emergence from Chapter 11
Supreme Court need not review 'stub rent' ruling, landlords say Supreme Court need not review ‘stub rent’ ruling, landlords say
A federal appeals court correctly held that commercial rent required to be paid in advance for a period following a bankruptcy filing is entitled to priority status, three landlords of retailer Goody’s Family Clothing have told the U.S. Supreme Court.

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