Travelport, owner of travel middleman website Orbitz.com and other global distribution system (GDS) brands, will pay an undisclosed sum of money to American Airline as part of a settlement agreement. Both parties are filing lawsuits against one another in conjunction with the recent bankruptcy proceedings of American Airlines. The parties announced that they had reached [...]
Archive | Bankruptcy Settlements RSS feed for this section
Kaye Scholer Settles GSC Bankruptcy Case But is Threatened With Trial
The law firm of Kaye Scholer LLP will pay $1.5 million in punitive fees as a settlement in an ongoing legal battle with the U.S. Justice Department. The settlement follows charges lodged against the firm after it failed to disclose key business relationships in its advisement of investment management firm GSC Group Inc. Details of [...]
Lawyer and Judge Agree to Pay $500K in Bankruptcy Dispute
Judges and attorneys may have very close relations with the law by virtue of their professions, but they are by no means above it. A clear example of this maxim was recently seen in an agreement by a power couple to settle a financial dispute arising from a bankruptcy filing in South Carolina for $500,000.
Gary Busey Reaches Bankruptcy Settlement
Actor Gary Busey is remembered by some as an intense character actor whose performances made action blockbusters like Point Break and Under Siege even more enjoyable. Others only know him for his antics in reality television shows like Celebrity Rehab and Celebrity Apprentice. Various creditors, however, know him as a debtor who filed for bankruptcy [...]
