A Dell Inc. director and former president of AT&T has been ordered to pay $12 million to what is left of an Internet company that he headed until shortly before it filed for bankruptcy.
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Stressing that the case raised “important issues concerning the integrity of the bankruptcy process,” a federal bankruptcy judge in Manhattan has declined to dismiss a trustee’s claims against lawyers Robert L. Rattet and Jonathan S. Pasternak and their firm, Rattet, Pasternak & Gordon Oliver. The attorneys and their firm are accused of failing to disclose that an “insider” of debtor Food …
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LONDON (Thomson Financial) - Standard & Poor’s Ratings Services said it withdrew its ‘D’ ratings on Movie Gallery Inc after the company and its units filed for protection under Chapter 11 of the Bankruptcy Code. TFN.newsdesk@thomson.com man/pmi
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DES MOINES, Iowa (AP) - A jump in the number of bankruptcy filings in Iowa could continue if the economy continues to falter. The state had a record number of bankruptcy filings in 2005, when more than 18,000 consumers rushed to file before a new federal law went into effect.
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