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    Apr 16, 2013 |Story| Coastline Pilot
  1. Asada files for bankruptcy

    A judge earlier this week granted two motions on behalf of a Laguna Beach restaurant seeking bankruptcy protection.
    A judge earlier this week granted two motions on behalf of a Laguna Beach restaurant seeking bankruptcy protection. Attorneys for Asada Laguna Beach filed for bankruptcy protection April 8 and then filed two motions — one that allows the company...

    Tags: Companies and Corporations, Restaurant and Catering Industry, Labor Legislation, Crime, Law and Justice, Judges

  2. Apr 10, 2013 |Story| Los Angeles Times
  3. American Airlines expanding LAX service with eight new destinations

    <em>This post has been corrected. See the note at the bottom for details.</em>
    This post has been corrected. See the note at the bottom for details. For a carrier whose parent company is still in bankruptcy, American Airlines doesn’t show signs of retrenching. The airline announced plans Wednesday to expand to eight new...

    Tags: Hartford (Hartford, Connecticut), Continental Airlines, Air Transportation Industry, American Airlines, Inc., AMR Corp.

  4. Apr 10, 2013 |Column| Allentown Morning Call
  5. Contractor accused of not finishing jobs

    The front of Naomi Schachter's scenic home is lined with sliding glass doors, which normally would provide an awesome view of her wooded property and access to her large deck.
    The front of Naomi Schachter's scenic home is lined with sliding glass doors, which normally would provide an awesome view of her wooded property and access to her large deck. But for several months that view has been cluttered with yellow caution tape,...

    Tags: Trials, Home Improvement, Business Enterprises, Litigation, Crime, Law and Justice

  6. Apr 11, 2013 |Story| Los Angeles Times
  7. Blame all around in Stockton

    After a federal judge ruled last week that the city of Stockton can reduce its debt through bankruptcy, observers began to frame the battle as one of municipal bondholders against public employees. But it's hard to shed tears for either of them.
    After a federal judge ruled last week that the city of Stockton can reduce its debt through bankruptcy, observers began to frame the battle as one of municipal bondholders against public employees. But it's hard to shed tears for either of them....

    Tags: Politics, Manhattan (New York City), Local Government, Crime, Law and Justice, Bonds

  8. Apr 10, 2013 |Story| Los Angeles Times
  9. New Orleans asks judge to seize troubled prison from sheriff

    Conditions have gotten so bad at a New Orleans prison that city officials have asked a judge to appoint a replacement for the sheriff in charge, according to a federal court filing.
    Conditions have gotten so bad at a New Orleans prison that city officials have asked a judge to appoint a replacement for the sheriff in charge, according to a federal court filing. For years, the Orleans Parish Prison has been criticized by the U.S....

    Tags: Politics, Prisons, Crime, Law and Justice, Government, Judges

  10. Apr 9, 2013 |Story| Baltimore Sun
  11. AccuPay president refuses to testify in bankruptcy court

    The nearly two dozen creditors of payroll firm AccuPay Inc. who jammed a hearing room in Baltimore's federal courthouse Tuesday left with no more answers than when they arrived.
    The nearly two dozen creditors of payroll firm AccuPay Inc. who jammed a hearing room in Baltimore's federal courthouse Tuesday left with no more answers than when they arrived. Bel Air-based AccuPay, which filed for Chapter 7 bankruptcy in March, is...

    Tags: Harford County, Taxation, Politics, Companies and Corporations, Crime, Law and Justice

  12. Apr 8, 2013 |Blog| Cars.com
  13. Fisker Lays Off 75% of Workforce as Bankruptcy Looms

    KickingTires
    Leonardo DiCaprio may love his Fisker Karma, but the California automaker is listing like the Titanic. Less than a month after founder Henrik Fisker quit, the boutique car company laid off some 160 employees, the Detroit News reports, as it......

    Tags: The Detroit News, Leonardo DiCaprio, Bankruptcy, Automotive Equipment, Passenger Cars

  14. Apr 8, 2013 |Story| WSBT-TV
  15. City: New ethanol plant owners actively marketing plant in three countries

    <span style="font-size: small;">SOUTH BEND &ndash; The former New Energy ethanol plant is costing South Bend taxpayers about $12,000 a month and the city doesn&rsquo;t even own it. And some city council members have big questions about the plant&rsquo;s future.</span>
    WSBT TV
    SOUTH BEND – The former New Energy ethanol plant is costing South Bend taxpayers about $12,000 a month and the city doesn’t even own it. And some city council members have big questions about the plant’s future. Council Vice...

    Tags: Companies and Corporations, Ethanol, Crime, Law and Justice, Renewable Energy, Judges

  16. Apr 8, 2013 |Story| Baltimore Sun
  17. Baltimore Museum of Art lays off 14 employees

    More than five years after a financial crisis ravaged the U.S. economy, the <a href="http://findlocal.baltimoresun.com/baltimore-city/art/art/baltimore-museum-of-art-baltimore-museum">Baltimore Museum of Art</a> has finally run out of options.
    More than five years after a financial crisis ravaged the U.S. economy, the Baltimore Museum of Art has finally run out of options. Museum administrators announced Monday that after exhausting other cost-cutting measures, they have laid off 14 employees,...

    Tags: Museums, Arts, Unemployment, Lobbying, Finance

  18. Apr 1, 2013 |Story| Los Angeles Times
  19. Judge rules Stockton can enter bankruptcy protection

    FRESNO — A federal judge ruled Monday that Stockton was eligible for bankruptcy protection — rebutting Wall Street creditors who claimed the city wasn't really broke and setting up a battle over employee pensions. U.S. Bankruptcy Judge...

    Tags: Politics, Crime, Law and Justice, Judges, California Public Employees' Retirement System, Pension and Welfare

  20. Apr 3, 2013 |Story| Los Angeles Times
  21. Heated nine-hour Stockton council meeting centers on bankruptcy

    What does it look like when a city goes bankrupt? The answer was sharp and clear at a contentious Stockton City Council meeting the day after a judge declared the city of 300,000 eligible for bankruptcy. The meeting began at 5:30 p.m. Tuesday and...

    Tags: Politics, Crime, Law and Justice, Judges, Pension and Welfare, Bankruptcy

  22. Feb 22, 2013 |Story| Los Angeles Times
  23. Visual effects workers plan Oscar flyover protest

      Ang Lee's acclaimed 3-D movie "Life of Pi" is a front-runner to win a top visual effects award at the Oscars. But some of the people who worked on the film's dazzling visual effects aren't celebrating. In fact, they're planning to stage a protest to...

    Tags: Employees, Ang Lee, Entertainment Events, Sony Pictures Entertainment, Inc., China

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Financially Distressed Companies Photos
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
Thomas M. Lynch of Faegre Baker Daniels LLP has been ap...
(October 31, 2012)
Thomas Lynch, U.S. Bankruptcy Judge, Northern District of Illinois