U.S. bankruptcy court News

Judge: Gawker Founder Can’t Halt Hulk Hogan From Enforcing Verdict

Gawker Media founder Nick Denton lost his latest bid to halt enforcement of the $140 million verdict won by Hulk Hogan in an invasion-of-privacy lawsuit, according to a court document provided by the former pro wrestler’s attorney. Florida Judge Pamela …

Most Litigation Over Corzine’s Failed MF Global Settled with $132M Deal

Jon Corzine has settled a lawsuit by the trustee for the former New Jersey governor’s company MF Global Holdings Ltd, as part of a $132 million accord to end much of the remaining litigation over the brokerage’s 2011 collapse. Lawyers …

Hulk Hogan Moves to Take Down Gawker’s Liability Shield in Bankruptcy

Hulk Hogan, stymied by the bankruptcy filing of Gawker Media in the midst of a legal battle over a sex tape, is fighting back using the tools of Chapter 11 law. Hogan, unable to collect a $140 million jury verdict …

Supreme Court Limits Bankruptcy Court Authority in Insurance Case

The Supreme Court says bankruptcy courts have limited authority to rule on disputes outside the traditional bankruptcy process. The justices ruled unanimously this week that a Washington state bankruptcy court did not exceed its powers when it considered a lawsuit …

C.M. Meiers Legal Battle Goes On, Allegations Heat Up

With a quote from former president Ronald Reagan, an emergency motion from a sex toy business and increasingly acerbic accusations, the legal battle between the new and old owners of bankrupt agency C.M. Meiers continues to wage as each side …

C.M. Meiers Brokerage in Southern California on Trustee’s Auction Block

Woodland Hills, Calif.-based C.M. Meiers Co. Inc. is being auctioned on Friday at a U.S. bankruptcy court near Los Angeles. Following a Chapter 11 bankruptcy filed on Jan. 9, the firm was placed in the hands of a trustee by …

Court Orders Takeover of Utah Man’s Businesses

A U.S. bankruptcy court judge has ordered a forensic accountant to take control of businesses run by a Kaysville man suspected of taking $65 million from 700 investors. Dee Allan Randall’s companies include Horizon Mortgage & Investment, Horizon Financial & …