November 2, 2010
Now there’s a new way to get the legal news you need – no subscription required. It’s called Westlaw News & Insight, and it’s actually four distinct websites designed to help attorneys keep pace with current events in these practice areas:
Here are today’s top stories from the Bankruptcy site.
|WaMu examiner dampens hopes for shareholders
Shareholders of Washington Mutual are “highly unlikely” to recover anything from the bankruptcy stemming from the biggest bank failure in U.S. history, a court-appointed examiner said on Monday.
|Bankruptcy court OKs Capmark settlement with lenders
A U.S. bankruptcy judge approved on Monday a $975 million settlement between failed commercial real estate lender Capmark Financial Group Inc. and its lenders over a disputed loan.
|Ambac says may go bankrupt this year; shares sink
Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, said it may file for bankruptcy protection as soon as this year after skipping a bond interest payment.
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