Airbag Crisis Drives Takata to Bankruptcy
Takata Airbag Defect. Takata, the maker of the defective airbags at the center of the world’s largest auto safety recall, filed for Chapter 11 bankruptcy in the United States on June 25, 2017. The defective airbags have been linked to 11 deaths and a number of injuries in the U.S. Takata will sell its surviving operations to a … [Read more...]
A Last Resort: Archdiocese Weighs Bankruptcy
Archdiocese Deal With Claims. The Archdiocese of Portland is exploring filing bankruptcy to deal with nearly $600 million in claims by 104 alleged sex-abuse victims, says a Portland attorney who represents the Roman Catholic Church's Western Oregon district. Bankruptcy would be used as a last resort if talks prove … [Read more...]
Embattled Cardinal Law in Rome
Cardinal Bernard Law Slipped Away To Rome. Cardinal Bernard F. Law quietly slipped away to Rome amid the deepening church abuse scandal, raising speculation that he may be seeking advice on filing for bankruptcy or possibly stepping down. Boston Archdiocese spokeswoman Donna M. Morrissey acknowledged Sunday that Law was at the … [Read more...]
Little Information Released On Law’s Trip to Rome
Cardinal Bernard F. Law's sudden trip to Romegranted Law authority to seek Chapter 11 bankruptcy protection Officials of the Roman Catholic Church declined to explain the reasons for Cardinal Bernard F. Law's sudden trip to Rome this week, but experts on the Vatican predicted that both Law's future and his archdiocese's possible … [Read more...]
Outcry Against Law Grows
Cardinal Law Hurddled With Officials. Cardinal Bernard Law huddled with Vatican officials yesterday to puzzle over the repercussions of bankruptcy, while back home 57 priests inked a call for him to resign and a key attorney suing his archdiocese said settlement was preferable to years of litigation. In a tumultuous day in the … [Read more...]
As Furor Rises In Boston, Law Goes To Meet With Pope
Vatican Pope Is Going To Meet Cardinal Law. Cardinal Bernard F. Law is scheduled to meet with Pope John Paul II on Friday as growing numbers of priests and lay leaders call for Law's removal from the Boston archdiocese, which faces possible bankruptcy and a widening grand jury investigation into child sexual abuse by … [Read more...]
Able Laboratories, Now a Worthless Company, Will Sell Rather than Attempt a Comeback from Scandal
Able Laboratories declared In deciding to sell the company rather than attempt to obtain refinancing in order to return from bankruptcy, Able’s fall is now almost complete. The decision to sell follows the rejection by federal regulators of Able’s plan to rehabilitate itself and return its products to the market. It seems like … [Read more...]
Madoff Bankruptcy Blocked
Federal Judge Just Blocked the Assets of Bernard Madoff. A federal judge just blocked the assets of Bernard Madoff from being moved into bankruptcy, reports CNN. It seems the court found probable cause that the “assets should be forfeited to the government,” said CNN. Earlier this month, investors petitioned a federal judge to … [Read more...]
Commercial Collection Attorneys
Parker Waichman LLP is skilled in collecting past due receivables from delinquent customers or clients. In fact, did you know that attorneys, not collectors, are able to initiate a lawsuit on your behalf to collect your claims? Our business attorneys have deep experience in collections, debtor-creditor issues, and bankruptcy; are … [Read more...]
Massive General Motors Recall Over Fire Hazard
General Motors Recall Defective Cars After Posing A Fire Hazard. In the wake of a humiliating government bailout, its CEO’s forced exit, and talk of a possible bankruptcy, General Motors Corporation is now facing a massive recall. The automotive giant just initiated a recall of nearly 1.5 million defective cars over … [Read more...]
MCI WorldCom Emerges from Bankruptcy, Shareholders Will Not Benefit
MCI WorldCom Emerges From Bankruptcy. Last week MCI (Pink Sheets:WCOEQ) (Other OTC:MCWEQ.PK - News) (Other OTC:MCIAV.PK - News), formerly WorldCom Inc., emerged from bankruptcy after filing for Chapter 11 protection in July 2002, shortly after the Company's massive fraud and accounting irregularities came to light. As a result of … [Read more...]
WorldCom Out of bankruptcy
WorldCom With A New Name MCI. Telecommunications giant WorldCom emerged from bankruptcy Tuesday with a new name MCI and a challenging future, the Wall Street Journal reported. The company's $10.8 billion accounting scandal wiped out a stock valued at about $180 billion at its peak and drove the telecom carrier into … [Read more...]
Shares of WCOEQ and MCWEQ Likely to be Cancelled
WCOEQ and MCWEQ Shares Will Be Cancelled. Parker & Waichman (http://www.worldcomstockfraud.com) expects that shares of MCI WorldCom (Other OTC:WCOEQ.PK - News) (Other OTC:MCWEQ.PK - News) (Other OTC:MCIAV.PK - News) trading under the ticker symbols WCOEQ and MCWEQ will likely be cancelled some time within the next five … [Read more...]
MCI WorldCom Files Request For 60 Day Extension With U.S. Bankruptcy Court
MCI WorldCom Request For Extension With U.S. Bankruptcy Court. Parker & Waichman announces that shares of MCI WorldCom (WCOEQ, MCWEQ & MCIAV) trading under the symbols (Other OTC:WCOEQ.PK – News) and (Other OTC:MCWEQ.PK – News) will likely be cancelled before April 30, 2004. The anticipated delay in the cancellation … [Read more...]
WorldCom and MCI Shares Trading will be Cancelled
WorldCom and MCI Shares Will Be Cancelled. Parker & Waichman(http://www.worldcomstockfraud.com) is issuing this statement in response to hundreds of inquiries from current WorldCom (Other OTC:WCOEQ.PK - News) (Other OTC:MCWEQ.PK - News) (Other OTC:MCIAV.PK - News) and MCI shareholders. Shareholders have been mistakenly … [Read more...]
