September 19, 2007 | Daily Report Online
Court upholds ruling against Kerkorian in DaimlerChrysler suitBy Randall Chase
3 minute read
February 20, 2009 | Daily Report Online
Adviser's role at issue in Tribune bankruptcyWILMINGTON, Del. AP - A bankruptcy judge will consider whether Tribune Co. can hire a financial advisory firm that worked for one of the company's chief newspaper rivals.Judge Kevin Carey on Friday set March 12 as the date for arguments on a request by Tribune for authorization to hire Lazard Freres Co. as investment banker and financial adviser.
By RANDALL CHASE
2 minute read
December 18, 2009 | Daily Report Online
Diocese bankruptcy judge unseals victim settlementDOVER, Del. AP - The judge presiding over the Chapter 11 bankruptcy of the Catholic Diocese of Wilmington ordered Thursday that details of a settlement with an alleged victim of priest sexual abuse be unsealed.Judge Christopher Sontchi ordered the diocese to promptly disclose the settlement amount paid to James Sheehan in response to a request from The Associated Press seeking access to judicial records in the case.
By RANDALL CHASE
3 minute read
September 11, 2008 | Daily Report Online
Settlement reached in AIG shareholder lawsuitWILMINGTON, Del. AP - Attorneys for a Louisiana pension fund have reached a $115 million settlement in a shareholder lawsuit against former executives of insurance giant American International Group Inc.The settlement was reached Thursday, just days before a trial was to begin in Delaware in the case that challenged commissions AIG paid to C.
By RANDALL CHASE
1 minute read
April 12, 2013 | Daily Report Online
Del. lawmakers propose legalizing gay marriageDelaware lawmakers have introduced a bill that would legalize same-sex marriage in the state, with plans to have it signed into law by the end of June
By RANDALL CHASE
3 minute read
October 29, 2009 | Delaware Law Weekly
Judge approves sale of Lone Star ParkA subsidiary of the Chickasaw Nation of Oklahoma received court approval Wednesday to buy Magna Entertainment Corp.'s Lone Star Park horse track in Texas, albeit for $20 million more than the tribe first thought it would spend.
By RANDALL CHASE
3 minute read
May 22, 2009 | Daily Report Online
Del. court hears sports betting argumentsDOVER, Del. AP - The Delaware Supreme Court may weigh in on whether a sports betting lottery complies with the state constitution, with justices on Thursday listening to oral arguments on reasons they should issue an opinion.Gov. Jack Markell's has requested the court's view on the bill he signed last week under which Delaware would become the only state east of the Rocky Mountains offering sports wagering.
By RANDALL CHASE
3 minute read
March 18, 2008 | Daily Report Online
Former Student Finance Corp. head sentenced to year in prisonWILMINGTON, Del. AP - The former chief executive of Student Finance Corp., which specialized in making loans to students at truck driving schools, was sentenced Monday to a year and a day in federal prison for bankruptcy fraud.Andrew Yao, 46, was convicted last year of two counts of bankruptcy fraud after lying about payments made to an ex-mistress, and to cover his gambling expenses.
By RANDALL CHASE
3 minute read
October 10, 2008 | Daily Report Online
Countrywide, BONY reach settlement in bond lawsuitWILMINGTON, Del. AP - Bank of New York Mellon and mortgage lender Countrywide Financial agreed Friday to settle a Delaware Chancery Court lawsuit involving Countrywide bondholders.As the trustee of holders of some $2 billion in Countrywide notes, Bank of New York Mellon claimed in the lawsuit that the bondholders should have received the option to keep the notes or cash them in when Bank of America acquired Countrywide in July.
By RANDALL CHASE
2 minute read
December 19, 2008 | Daily Report Online
KB Toys gets approval for store liquidationsWILMINGTON, Del. AP - A Delaware bankruptcy judge on Thursday authorized KB Toys to begin going-out-of-business sales.Judge Kevin Carey granted the company's request after attorneys said they had resolved several concerns of landlords and creditors about rent and other issues.The Pittsfield, Mass.-based company plans to start liquidation sales Friday, with a targeted end date of Feb.
By RANDALL CHASE
3 minute read
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