Detroit mediators ask judge to approve swaps deal

By Joseph Lichterman DETROIT Mon Dec 30, 2013 2:50pm EST DETROIT Dec 30 (Reuters) - The mediators who oversaw negotiations between Detroit and two banks to strike a deal to end a costly interest-rate swap agreement recommended...

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BONDNEWS LATAM-Barclays says OGX creditors should make DIP loan

Mon Dec 30, 2013 1:53pm EST Owners of the $3.8 billion in bonds sold by Brazilian tycoon Eike Batista's Oleo e Gas Participações SA, formerly known as OGX Petroleo e Gas Participações SA, should take part in their share of a planned $215-million,...

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Fisker founders, managers sued for misleading investor

By Tom Hals and Deepa Seetharaman Mon Dec 30, 2013 5:51pm EST Dec 30 (Reuters) - The founders and top managers of now-bankrupt Fisker Automotive never told potential investors that the green car startup lost access to federal...

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UPDATE 1-Fortress backs new LightSquared bankruptcy exit plan

Thu Dec 26, 2013 4:08pm EST By Tom Hals and Liana B. Baker Dec 26 (Reuters) - LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless...

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UPDATE 2-Batista's OSX reaches $1.5 bln deal on OGX contracts

Thu Dec 26, 2013 7:27pm EST By Jeb Blount and Walter Brandimarte RIO DE JANEIRO Dec 26 (Reuters) - Brazilian tycoon Eike Batista's troubled shipbuilder OSX Brasil SA and oil company Oleo e Gas Participações SA have taken...

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Detroit pension funds seek expedited bankruptcy appeal

DETROIT Fri Dec 27, 2013 5:06pm EST DETROIT Dec 27 (Reuters) - Detroit's two pension funds have asked the U.S. 6th Circuit Court of Appeals to hear an expedited appeal of a judge's ruling that the city is eligible for bankruptcy...

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UPDATE 1-Fortress backs new LightSquared bankruptcy exit plan

Thu Dec 26, 2013 4:08pm EST By Tom Hals and Liana B. Baker Dec 26 (Reuters) - LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless...

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UPDATE 2-Batista's OSX reaches $1.5 bln deal on OGX contracts

Thu Dec 26, 2013 7:27pm EST By Jeb Blount and Walter Brandimarte RIO DE JANEIRO Dec 26 (Reuters) - Brazilian tycoon Eike Batista's troubled shipbuilder OSX Brasil SA and oil company Oleo e Gas Participações SA have taken...

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Detroit pension funds seek expedited bankruptcy appeal

DETROIT Fri Dec 27, 2013 5:06pm EST DETROIT Dec 27 (Reuters) - Detroit's two pension funds have asked the U.S. 6th Circuit Court of Appeals to hear an expedited appeal of a judge's ruling that the city is eligible for bankruptcy...

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UPDATE 1-Fortress backs new LightSquared bankruptcy exit plan

Thu Dec 26, 2013 4:08pm EST By Tom Hals and Liana B. Baker Dec 26 (Reuters) - LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless...

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UPDATE 2-Batista's OSX reaches $1.5 bln deal on OGX contracts

Thu Dec 26, 2013 7:27pm EST By Jeb Blount and Walter Brandimarte RIO DE JANEIRO Dec 26 (Reuters) - Brazilian tycoon Eike Batista's troubled shipbuilder OSX Brasil SA and oil company Oleo e Gas Participações SA have taken...

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Detroit pension funds seek expedited bankruptcy appeal

DETROIT Fri Dec 27, 2013 5:06pm EST DETROIT Dec 27 (Reuters) - Detroit's two pension funds have asked the U.S. 6th Circuit Court of Appeals to hear an expedited appeal of a judge's ruling that the city is eligible for bankruptcy...

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UPDATE 1-Fortress backs new LightSquared bankruptcy exit plan

Thu Dec 26, 2013 4:08pm EST By Tom Hals and Liana B. Baker Dec 26 (Reuters) - LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless...

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UPDATE 1-Batista's OSX reaches $1.5 bln deal on OGX contracts

Thu Dec 26, 2013 2:56pm EST By Jeb Blount and Walter Brandimarte RIO DE JANEIRO Dec 26 (Reuters) - Brazilian tycoon Eike Batista's troubled shipbuilder OSX Brasil SA and oil company Oleo e Gas Participações SA have taken...

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UPDATE 2-Batista's OSX reaches $1.5 bln deal on OGX contracts

Thu Dec 26, 2013 7:27pm EST By Jeb Blount and Walter Brandimarte RIO DE JANEIRO Dec 26 (Reuters) - Brazilian tycoon Eike Batista's troubled shipbuilder OSX Brasil SA and oil company Oleo e Gas Participações SA have taken...

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UPDATE 1-Detroit reaches deal to end interest-rate swaps

Tue Dec 24, 2013 3:50pm EST DETROIT Dec 24 (Reuters) - The city of Detroit reached an agreement on Tuesday with two banks to end a costly interest-rate swap agreement, a significant step as the city negotiates with creditors...

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Brazilian tycoon Batista's Oleo e Gas says reaches deal with majority of holders of $3.8 bln in bonds

RIO DE JANEIRO Tue Dec 24, 2013 6:35pm EST RIO DE JANEIRO Dec 24 (Reuters) - Brazilian tycoon Eike Batista's 0leo E Gas Participacoes SA, formerly known as OGX, has reached a deal with the majority of holders in a total of $3.8 billion in bonds, the...

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UPDATE 2-Batista's Oleo e Gas strikes deal on $3.8 bln of bonds

Tue Dec 24, 2013 11:01pm EST * Agreement backed by majority of Oleo e Gas's bondholders * Deal could pave way for successful bankruptcy restructuring * Accord may release Batista from $1 bln put-option pledge (Adds...

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Brazilian tycoon Batista's Oleo e Gas says reaches deal with majority of holders of $3.8 bln in bonds

RIO DE JANEIRO Tue Dec 24, 2013 6:35pm EST RIO DE JANEIRO Dec 24 (Reuters) - Brazilian tycoon Eike Batista's 0leo E Gas Participacoes SA, formerly known as OGX, has reached a deal with the majority of holders in a total of $3.8 billion in bonds, the...

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UPDATE 1-Detroit reaches deal to end interest-rate swaps

Tue Dec 24, 2013 3:50pm EST DETROIT Dec 24 (Reuters) - The city of Detroit reached an agreement on Tuesday with two banks to end a costly interest-rate swap agreement, a significant step as the city negotiates with creditors...

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UPDATE 2-Batista's Oleo e Gas strikes deal on $3.8 bln of bonds

Tue Dec 24, 2013 11:01pm EST * Agreement backed by majority of Oleo e Gas's bondholders * Deal could pave way for successful bankruptcy restructuring * Accord may release Batista from $1 bln put-option pledge (Adds...

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CORRECTED-Committee for unsecured creditors appointed in Detroit bankruptcy

Mon Dec 23, 2013 3:00pm EST (Corrects first sentence to reflect the committee was named by the bankruptcy trustee, not the judge) DETROIT Dec 23 (Reuters) - An independent federal trustee helping to administer Detroit's...

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Settlement reached over deadly U.S. meningitis outbreak

By Jonathan Stempel Mon Dec 23, 2013 8:01pm EST Dec 23 (Reuters) - Owners and insurers of a now-bankrupt Massachusetts pharmacy linked to a deadly meningitis outbreak have agreed to pay more than $100 million to compensate...

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