Law

Federal Reserve Must Release Bailout Documents, U.S. Appeals Court Rules The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout ever, a federal appeals court said.

Six Flags, Bondholders Settle Fight Over Control of Bankrupt Company Six Flags Inc. junior bondholders will own the theme park operator under a settlement reached today, ending a two-week long bankruptcy trial, lawyers said in court.

UBS, Birkenfeld Must Defend Fraud Lawsuit by Igor Olenicoff, Judge Rules UBS AG and its former banker Bradley Birkenfeld must defend a racketeering lawsuit by billionaire Igor Olenicoff, who claims they defrauded him before he pleaded guilty to tax evasion, a U.S. judge ruled.

Lehman Had $39 Billion in Encumbered Cash With Lenders Before Bankruptcy The day before Lehman Brothers Holdings Inc. filed for bankruptcy, almost all of its $41 billion cash pool was tied up at bank lenders including JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp., according to a court-appointed examiner’s report.

Milberg's Former Class-Action Kings, Out of Prison, Head For Links, Slopes The four lawyers who ran Milberg Weiss Bershad Hynes & Lerach LLP, the firm that got investors $45 billion from securities lawsuits against publicly traded companies, are reacquainting themselves with life on the outside now that they’ve left prison.

Citigroup Names Kept Secret by U.S. Treasury on Concern Over Harassment The U.S. Treasury Department refused to disclose names of Citigroup Inc. executives who haggled over bailout terms in late 2008 after the bank said they might be harassed like the American International Group Inc. workers pilloried for taking big bonuses.

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