- Mexican glassmaker case may export U.S. bankruptcy rules
Vitro SAB is heading to an American appeals court to save its restructuring at home in a case that could transport U.S. bankruptcy code beyond that nation’s borders.
- Harrisburg, Penn. leaders sue to block receiver
The City Council in Pennsylvania’s debt-laden capital sued the state in a bid to halt work overseeing the city’s fiscal recovery plan.
- Stockton, Calif. to take up bankruptcy budget plan
The city is poised to take a major step toward becoming the largest in U.S. history to file for Chapter 9 municipal protection.
- Ex-Met Lenny Dykstra in bankruptcy fraud plea deal
Lenny Dykstra entered a plea agreement with federal prosecutors who accused him of defrauding creditors by declaring bankruptcy and then looting his $18 million mansion.
- Factbox: Recent U.S. municipal bankruptcies
There have been only six Chapter 9 municipal bankruptcies so far this year, compared to 13 in all of 2011. Stockton’s filing would be the biggest for a city in U.S. history.
- Madoff payouts won’t get U.S. Supreme Court review
The high court declined to review how the trustee for Bernard Madoff’s customers calculates victims’ losses, a decision that could help speed a payout of billions of dollars.