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This settlement amount makes the NMS the second largest civil settlement in U.S. history, only trailing the Tobacco Master Settlement Agreement. [39] The five banks were also required to comply with 305 new mortgage servicing standards. Oklahoma under then-Attorney General Scott Pruitt held out and agreed to settle with the banks separately. [40]
In July 2009, Pilot agreed to purchase Flying J's travel centers, as a part of Flying J's efforts to remove itself from Chapter 11 bankruptcy. [11] The deal was finalized July 1, 2010, and the combined company took the d.b.a. name Pilot Flying J , [ 12 ] while Pilot Travel Centers LLC remained the company's legal name.
Martin Chitwood denied the allegations, claiming they were a tactic to prevent the enforcement of the parties' prenuptial agreement and force a settlement. Martin Chitwood refused to settle, and on August 31, 2017, after a five-week civil trial , a twelve-person jury found him not liable for the claim Bloom brought against him.
Judge Mary Walrath of the U.S. District Bankruptcy Court in Delaware, where Bitwise was incorporated and filed for bankruptcy, issued an order Wednesday finalizing the settlement. Approximately ...
After more than a year of negotiations, the Easterday bankruptcy settlement is nearing a conclusion for dozens of businesses owed money. ... According to his plea agreement, of the nearly 300,000 ...
The company contends a bankruptcy settlement pays claimants fairly and equitably as opposed to the civil justice system in which most plaintiffs receive nothing while some win outsize awards ...
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The agreement, which affected US$2.25 billion in debt, gave all creditors 99 percent of the stock of Dynegy Inc. once it emerged from bankruptcy. Existing shareholders would get just 1 percent of the stock in the new company, with warrants enabling them to buy up to 13.5 of common stock at a set price over the next five years. [ 97 ]