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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: receivership

receivership stories: 5 news summaries

(Newser) - The receiver in the R. Allen Stanford case wants seven current and former baseball stars to turn over millions they once invested in Stanford’s alleged Ponzi scheme, intending to divvy up the money among Stanford’s other victims, the Washington Times reports. He’s asking for a combined... More »

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MLB • Andruw Jones • Greg Maddux • Johnny Damon • J.D. Drew • Ponzi scheme • baseball • Carlos Pena • receivership • Robert Allen Stanford • Jay Bell • Bernie Williams

Market-Regulation Bill No Longer on Fast Track: Frank

Obama wants bill passed fast, but Congress chooses to take its time

Apr 23, 09 9:47 AM CDT
(Newser) - Once on the fast track to President Obama’s desk, a bill that would grant the government powers to place large companies into receivership has been pushed to the slow lane, Rep. Barney Frank tells the Wall Street Journal. The bill’s complexity, and a slow-moving Senate, led the Financial... More »

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Barack Obama • Congress • legislation • Barney Frank • regulations • Timothy Geithner • receivership

(Newser) - You probably don’t want to live in the Chandler, Ariz., housing complex known as Alante on the Islands, MSNBC reports. The development was once owned by a California company, but entered receivership when the overextended firm went under. Now maintenance is spotty, the pool has turned green, residents don’... More »

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Arizona • foreclosure • recession • financial crisis • renters • receivership • housing complex

(AP) - A federal judge ruled today that thousands of investor accounts with R. Allen Stanford's financial companies will remain frozen for another 10 days, while a court-appointed receiver said he's developing a plan to return some of the money to its owners. Stanford's companies have been in receivership since the Securities... More »

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Ponzi scheme • federal judges • bank fraud • receivership • Stanford Financial Group • Robert Allen Stanford • frozen account

 Waterford  Enters Bankruptcy 

Struggling icon of British Isles couldn't find a buyer

Jan 5, 09 11:00 AM CST
(Newser) - After failing to find a buyer, five years of losses have driven Waterford Wedgwood into receivership, Bloomberg reports. Deloitte Ireland has been named receiver for the iconic  crystal- and china-maker that built Times Square’s New Year’s Eve ball. If no new financing emerges, 1,900 Irish and British... More »

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bankruptcy • Ireland • Britain • Waterford crystal • receivership

5 Stories


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