Bankruptcy Law News. Crime Stories, Law on News and Legal Publications in November, 2011

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European venture deals hit 11-year low
Financial NewsNovember 1, 2011

European venture capital investment has fallen to its lowest quarterly level since the dot-com crash, according to Dow Jones VentureSource, despite hopes that the region's venture industry is set for a growth spurt. The number of venture deals in the ...more »

Homicide suspect claims self-defense
York Daily RecordNovember 1, 2011

Accused of murdering an unarmed man, Shannon Mayo's defense is that someone - his cousin's husband, in fact - picked the dead man's gun up off the street before police arrived in the early morning hours of Oct. 6, 2009. ...more »

Bankruptcy Law News and Stories

Bad Credit History
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MF Global, Tribune, Harrisburg, Beacon, Lehman: Bankruptcy
BusinessWeekNovember 1, 2011

The Oct. 28 brief for Mayor Linda D. Thompson describes how the 4-3 vote of the by the city council purporting to authorize bankruptcy was merely a resolution not having the force of law. In addition, the city council majority failed to utilize ...more »

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195 Pounds of Drugs Collected During "Take Back" Event
Battle Creek EnquirerNovember 1, 2011

The local effort was held in conjunction with the Drug Enforcement Agency's (DEA) national initiative. The amount of drugs collected, 195 pounds, is equivalent to the weight of approximately 97500 pills. Of the 195 pounds collected, over 10 pounds were ...more »

Chapter 11, Chapter 13 Bankruptcy
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MF Global Files Bankruptcy as Broker-Dealer Unit Liquidates
BusinessWeekNovember 1, 2011

The firm listed debt of $39.7 billion and assets of $41 billion in Chapter 11 papers filed yesterday in US Bankruptcy Court in Manhattan. MF Global's board met through the weekend to consider options including sale, a person with direct knowledge of ...more »

Disputes With Irs
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IRS Faulted on Fuel Credit Card Usage
Accounting TodayNovember 2, 2011

The Citibank credit cards, known as “fleet cards,” are used by employees to buy gas and make minor repairs on government-leased vehicles. In a new government report, the Treasury Inspector General for Tax Administration assessed the SB/SE Division's ...more »

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Sub-contractors top list of labor law violators
Sun.StarNovember 2, 2011

Dole will ask the court sheriff to file a writ of garnishment of the company's belongings or a technical levy to give the aggrieved party's wages and benefits not given to them in case issues are not resolved during hearings. ...more »

Chapter 7 Bankruptcy
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All MF Global Funds Accounted For, Held by Brokerage
BloombergNovember 1, 2011

Under bankruptcy law, creditors can seek to recover money transferred out of the estate for 90 days prior to its filing. Glenn asked Ziman how much was transferred out of the two bankrupt entities in the 90 days prior to the filing. ...more »

Personal Bankruptcy
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MF Global Customers Call SIPC Seeking Money After Broker-Dealer Bankruptcy
BloombergNovember 1, 2011

The Lehman Brothers Holdings Inc. unit has been in liquidation since 2008 after its parent filed for bankruptcy with $639 billion in assets. “This is like a mini-Lehman,” he said. Claim forms were mailed about 17 days after con man Bernard Madoff's ...more »


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