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Highlights

A collection of news and information related to Financially Distressed Companies published by this site and its partners.

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    May 17, 2013 |Blog| Autoblog.com
  1. Report: GM stock prices finally eclipse $33 IPO price

    Autoblog.com
    Filed under: GM, Earnings/Financials General Motors has reached an important milestone this morning: the price for one share of the company has climbed to over $33. That's higher than the Initial Public Offering price from 2010. At roughly 12:15PM Eastern...
  2. May 17, 2013 |Story| Hartford Courant
  3. Bridgeport Is Worse Off Than Stockton

    Stockton is one of California's larger cities. Nearly a year ago, its city council voted to file for bankruptcy. This is the largest municipal bankruptcy filing in the nation's history. Bridgeport, however, is in worse financial condition that Stockton...

    Tags: Economy, Business and Finance, Interior Policy, Chris Shays, Employees, Finance

  4. May 16, 2013 |Blog| Cars.com
  5. Car Promises That Weren't Kept

    KickingTires
    Ever wonder what happened to events in the auto industry that were supposed to occur but didn't? You might have seen a news story on a site like ours of a promise by an automaker that sounded legitimate with lots......

    Tags: Hybrid Vehicles, Economy, Business and Finance, Elan Corporation Plc, Toyota, Chrysler

  6. May 17, 2013 |Story| Los Angeles Times
  7. Fiat weighs shifting its HQ to the U.S.

    Fiat, the century-old Italian automaker, appears poised to move its headquarters to the U.S. after its planned merger with Chrysler Group.
    Fiat, the century-old Italian automaker, appears poised to move its headquarters to the U.S. after its planned merger with Chrysler Group. The move would be unprecedented in the automotive industry, experts said, because of Fiat's deep roots. "To...

    Tags: Economy, Business and Finance, Kelley Blue Book LLC, New York City, Finance, Big 3 Auto Bailout (2008)

  8. May 13, 2013 |Story| Orlando Sentinel
  9. Casey Anthony's attorneys: Judge Perry 'eviscerated' her chance of fair defamation trial

    Casey Anthony's bankruptcy attorneys said Judge Belvin Perry "completely eviscerated" her chance of having a fair defamation trial in Orlando because of public comments he recently made about her first-degree murder case.
    Casey Anthony's bankruptcy attorneys said Judge Belvin Perry "completely eviscerated" her chance of having a fair defamation trial in Orlando because of public comments he recently made about her first-degree murder case. Perry, the chief judge of the...

    Tags: Kissimmee, Lawyers, Trials, Casey Anthony, Justice System

  10. May 13, 2013 |Story| Petoskey News
  11. Report: Detroit is broke; could bankruptcy lie ahead?

    DETROIT (AP) — The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean employees don't receive paychecks, retirees lose their pensions and residents endure even deeper cuts in municipal services.
    DETROIT (AP) — The first report by Detroit's emergency manager declares that the city is broke and at risk of running completely out of money — a financial meltdown that could mean employees don't receive paychecks, retirees lose their...

    Tags: Economy, Business and Finance, Interior Policy, Executive Branch, Bank of America Corp., Government

  12. May 12, 2013 |Column| Chicago Tribune
  13. Rosenthal: Restaurants don't recede in recession, but appetites change

    If you want to assess America's economic health, you can do worse than examining Americans' appetite for eating at or taking out from restaurants. We are as we eat.
    If you want to assess America's economic health, you can do worse than examining Americans' appetite for eating at or taking out from restaurants. We are as we eat. So it was an eye-opener when the owner of 33 Chicago-area Applebee's franchises, which...

    Tags: Sales, Companies and Corporations, Economy, Business and Finance, Cheesecake Factory, Business

  14. May 12, 2013 |Story| Orlando Sentinel
  15. 05/13: 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: Central Orlando Properties LLC, 840 Kenilworth Terrace, Orlando. Filed: May 3. Estimated assets: $0 to $50,000....

    Tags: Economy, Business and Finance, Companies and Corporations, Business, Bank of America Corp., Orlando

  16. May 11, 2013 |Story| Aberdeen News
  17. Bankruptcies: May 12

     Here are bankruptcy filings in U.S. Bankruptcy Court, District of South Dakota, for May 2-8.  Individuals can file Chapter 7 petitions (asking that debts be liquidated); Chapter 12 (a simplified reorganization method for farmers and ranchers whose...

    Tags: Bankruptcy

  18. May 10, 2013 |Story| Orlando Sentinel
  19. Judge grants foreclosure of hundreds of run-down Orlando apartments

    A<b> </b>state<b> </b>judge on Friday granted the foreclosure of seven west Orlando apartment complexes with hundreds of units, the latest twist in the long-running story of some of the city's most run-down housing.
    A state judge on Friday granted the foreclosure of seven west Orlando apartment complexes with hundreds of units, the latest twist in the long-running story of some of the city's most run-down housing. Circuit Judge Alice Blackwell ruled that the...

    Tags: Fannie Mae, Economy, Business and Finance, Finance, Justice System, Crime, Law and Justice

  20. May 8, 2013 |Story| Chicago Tribune
  21. Chicago Rush owner ousted by league, which takes over team

    When David Staral Jr. stepped up in early February to purchase the Chicago Rush from the Arena Football League, he promised ownership stability to a beleaguered franchise.
    When David Staral Jr. stepped up in early February to purchase the Chicago Rush from the Arena Football League, he promised ownership stability to a beleaguered franchise. Three months later, Staral, whose own troubled financial history included...

    Tags: Economy, Business and Finance, Chicago Rush, Finance, Arena Football League, Groupon, Inc.

  22. May 9, 2013 |Story| Los Angeles Times
  23. Developers buy Rhythm & Hues' ex-headquarters in El Segundo

    The former El Segundo headquarters of the visual effects studio Rhythm &amp; Hues has been sold for $25 million to real estate developers who plan to upgrade it and turn it into an office campus for creative firms.
    The former El Segundo headquarters of the visual effects studio Rhythm & Hues has been sold for $25 million to real estate developers who plan to upgrade it and turn it into an office campus for creative firms. Rhythm & Hues was acquired in March in a...

    Tags: Defense Equipment, Real Estate Buyers, Services and Shopping, Bankruptcy, Investments

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Financially Distressed Companies Photos
Artists from the visual effects house Rhythm & Hues won...
(February 24, 2013)
A poignant moment gets swallowed by the shark
George R. Mesires has been named co-chair of the Financ...
(February 4, 2013)
George R. Mesires , Finance and Restructuring practice co-chair, Ungaretti & Harris
He also has experience representing debtors in Chapter...
(November 18, 2012)
Matthew V. Wargin, partner, Mayer Brown