Detroit files slew of vendor lawsuits to recover $50 million

Dec 1 (Reuters) - Detroit began filing lawsuits this week against dozens of vendors with the aim of recovering about $50 million in city payments made in the months before its historic bankruptcy...

from Reuters: Bankruptcy News http://ift.tt/1Xw16nm

Shareholders threaten to sue Abengoa over plunge in share price

MADRID, Dec 1 (Reuters) - Spanish renewable energy and engineering group Abengoa faces a civil lawsuit after shareholders accused the indebted company of keeping them in the dark when it last week...

from Reuters: Bankruptcy News http://ift.tt/1Ts43Qe

Hedge fund firm BlueCrest Capital Management to go private

LONDON (Reuters) - BlueCrest Capital Management, the $8 billion hedge fund firm founded by billionaire Michael Platt, said on Tuesday it would return all outside capital to investors and run the firm...

from Reuters: Hedge Funds http://ift.tt/1O0IkKy

Moment of truth as Puerto Rico faces crucial debt payment

SAN JUAN/NEW YORK, Dec. 1 (Reuters) - Puerto Rico faces a moment of truth on Tuesday, as the island owes a $355 million payment - a possible default which could trigger lawsuits, further spook...

from Reuters: Bankruptcy News http://ift.tt/1QaQRyY

BRIEF-Bioscience Brands says liquidators proceeding with winding up of co

* Liquidators are accordingly proceeding with winding up of co in absence of any other alternatives being presented for consideration and co's shares accordingly remain suspended on jse

from Reuters: Bankruptcy News http://ift.tt/1StUsHR

UK opens books on syndicated sale of 2046 linker - bookrunner

LONDON, Dec 1 (Reuters) - Britain has opened the books on the sale via syndication of the 0.125 percent index-linked 2046 gilt, one of the bookrunners on the transaction said on Tuesday.

from Reuters: New Issues News http://ift.tt/1OsMEH0

LTCM co-founder launches online investing for world's wealthy

LONDON (Reuters) - Victor Haghani, co-founder of defunct hedge fund Long Term Capital Management, has launched an online fund management service aimed at the world's wealthy.

from Reuters: Hedge Funds http://ift.tt/1IlvM3N