Hedge Funds, Bankruptcy Judges Spar over Disclosure
Hedge funds will defend their coveted secrecy against bankruptcy judges who want more information about their economic interests before granting them an active role in chapter 11 reorganizations… Read More

Trident to Field Reorganization, Sale Offers
Bankruptcy Judge Mary F. Walrath is set on Feb. 18 to consider entry of natural gas exploration company Trident Resources Corp into a commitment letter for a $200 million rights offering backstopped by the company's junior lenders...Read More

NYU's Altman Predicted 2010 Defaults as High as 6.7 Percent
Edward Altman, a finance professor at New York University's Leonard L. Stern School of Business, said that the U.S. corporate default rate this year will fall to half of what it was in 2009 if the recession is over...Read More

Bank of America, Executives Face Civil Charges by New York Attorney General
New York Attorney General Andrew Cuomo today filed civil securities fraud charges against former Bank of America CEO Kenneth Lewis and former CFO Joseph Price, alleging that they decided not to disclose mounting losses at Merrill Lynch & Co. before getting shareholder approval to acquire the Wall Street firm… Read More

Citadel Broadcasting Files Reorganization Plan
Radio broadcaster Citadel Broadcasting Corp. filed its reorganization plan and disclosure statement looking to wipe out $1.4 billion of the company's debt… Read More