Judge consolidates Madoff’s business, personal assets to streamline bankruptcy process

September 16th, 2009 Nortel bankruptcy judge denies Verizon objectionWILMINGTON, Del. — The judge presiding over the Nortel Networks bankruptcy has ruled against an objection by Verizon Communications Inc.

September 15th, 2009 Sonoco consolidates to drive efficienciesHARTSVILLE, S.C. — Packaging company Sonoco on Tuesday said it is consolidating business segments, in a move that will streamline operations, cut costs by an added $20 million annually and result in an unspecified number of layoffs.

September 1st, 2009 Bankruptcy judge backs Grupo Mexico bid for AsarcoDENVER — A bankruptcy judge is recommending a revised bid from Sterlite Industries for the assets of Arizona miner Asarco LLC be rejected. He says the Grupo Mexico bid to regain control over Asarco is still superior.

August 13th, 2009 DuPont combines businesses, reorganizes leadershipWILMINGTON, Del. — DuPont said Thursday its finance chief will move to a new role and its chief operating officer will retire as the chemical maker consolidates 23 businesses into 14, in a bid to streamline its business.

August 7th, 2009 NY judge OKs law firm's fees in Madoff liquidationNEW YORK — A judge has approved a $14.6 million payment to a Manhattan law firm working to unravel Bernard Madoff's massive fraud. In a written order Thursday, U.S.

July 13th, 2009 Judge OKs shift of some Delphi assets to new GMNEW YORK — A bankruptcy judge has approved a deal to shift some of auto parts supplier Delphi's assets to the General Motors Co. that emerged from Chapter 11 bankruptcy protection last week.

June 25th, 2009 Judge gives final OK to bankruptcy financingNEW YORK — A bankruptcy judge says GM can have access to its full $33.3 billion in bankruptcy financing. Judge Robert Gerber gave final approval to the financing on Thursday.

June 18th, 2009 Judge approves termination of GM aircraft leasesNEW YORK — A bankruptcy judge ruled Thursday that General Motors Corp. can terminate its aircraft leases as part of its ongoing restructuring.

June 17th, 2009 Judge: Exclusive club co-founder has to liquidateBUTTE, Mont. — A bankruptcy judge has rejected Edra Blixseth's bid to reorganize her finances, pushing the co-founder of the ultra-exclusive Yellowstone Club into a forced sale of her many houses, cars and other properties.

June 16th, 2009 Judge OKs Delphi's use of $250M credit facilityNEW YORK — A bankruptcy judge says Delphi can have access to a $250 million credit facility. U.S. Bankruptcy Judge Robert Drain on Tuesday gave final approval to the use of the credit facility, which will be provided by Delphi Corp.'s former parent General Motors Corp.

May 6th, 2009 Judge OKs procedures for sale of Chrysler assetsNEW YORK — The judge overseeing Chrysler's Chapter 11 proceedings says the automaker can start taking steps toward selling the vast majority of its assets to Italy's Fiat. Judge Arthur Gonzales says the procedures proposed by Chrysler's lawyers represent a "clear and orderly process." Attorneys for Auburn Hills, Mich.-based Chrysler LLC argued that the automaker had essentially been up for sale for most of the last two years and a speedy sale was needed in order to preserve the value of the company's assets.

May 4th, 2009 Judge weighs Magna Entertainment asset saleWILMINGTON, Del. — Horse track owner Magna Entertainment Corp.

May 4th, 2009 Judge approves Magna Entertainment asset saleWILMINGTON, Del. — A Delaware bankruptcy judge has approved proposed sale procedures for certain assets of horse track owner Magna Entertainment Corp.

April 30th, 2009 Debts of ritzy Mont. club's owner exceed $150MBILLINGS, Mont.

April 28th, 2009 Motions in Sun-Times bankruptcy case approvedWILMINGTON, Del. — A Delaware bankruptcy judge has approved several motions in the Chapter 11 case of the Sun-Times Media Group.