Bankruptcy

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UPDATE 3-Brazil's Schahin says 28 units file for bankruptcy protection

SAO PAULO, April 17 - Twenty-eight units of Brazilian engineering firm Grupo Schahin filed for bankruptcy protection and fired 2,500 workers on Friday as a corruption scandal at key client Petróleo Brasileiro SA hampered efforts to refinance up to 6.5 billion reais ($2.1 billion) in debt.

UPDATE 1-PwC to pay $65 mln to resolve lawsuit over MF Global

NEW YORK, April 17 - PricewaterhouseCoopers agreed to pay $65 million in cash to settle a lawsuit claiming it fraudulently deceived MF Global Holdings Ltd investors about its auditing of the now-defunct brokerage, which was run by former New Jersey Governor Jon Corzine.

Regulatory News, 1:40am IST

PwC to pay $65 mln to resolve lawsuit over MF Global

NEW YORK, April 17 - PricewaterhouseCoopers has agreed to pay $65 million to resolve a lawsuit claiming it deceived investors when it was auditing MF Global Holdings Ltd, the now-defunct brokerage once run by former New Jersey Governor Jon Corzine.

12:47am IST

Brazil's Schahin files for bankruptcy protection in wake of scandal

SAO PAULO, April 17 - Twenty-eight units of Brazilian engineering firm Grupo Schahin filed for bankruptcy protection on Friday as fallout from a corruption scandal at key client Petróleo Brasileiro SA hampered efforts to refinance up to 6.5 billion reais ($2.1 billion) in debt.

Regulatory News, 17 Apr 2015

BRIEF-Neschen files application for opening of self-administered insolvency proceedings

* Files application for the opening of self-administered insolvency proceedings

17 Apr 2015

UPDATE 1-CCB mandates banks for Tier 2 bonds

HONG KONG, April 17 (IFR) - China Construction Bank has mandated itself, Citigroup, HSBC and Standard Chartered as joint global co-ordinators for an offering of US dollar Tier 2 bonds.

17 Apr 2015

IRS seeks $3.2 billion from Samuel Wyly and his brother's estate

April 16 - The Internal Revenue Service is seeking to recoup $3.22 billion from Texas businessman Samuel Wyly and the estate of his late brother Charles Wyly, after the brothers allegedly hid income by setting up sham overseas trusts.

17 Apr 2015

BNDES sees oil rig supplier Sete Brasil reorganization by June

BRASILIA, April 16 - A reorganization plan to help oil rig supplier Sete Brasil Participações SA remain in business should be ready by the end of June, after shareholders and creditors agreed to extend financing as credit dried up, the president of Brazil's state development bank BNDES said on Thursday.

16 Apr 2015

Puerto Rico's PREPA taps reserve fund for quarterly payment

NEW YORK, April 16 - Puerto Rico's troubled utility, PREPA, made another withdrawal from its reserve account to make a quarterly bond payment on April 1, according to a regulatory filing posted by the utility.

IPOs, 16 Apr 2015

BRIEF-Renta Corp unit completes insolvency proceedings

* Says insolvency process of its unit Renta Corporacion Real Estate 2 SLU is now completed, by decision of the Commercial Court in Barcelona, and the company will cease to exist

16 Apr 2015

Quote

Quia Est Quam Corporis

Labore Fugiat Voluptas Natus. Exercitationem Porro Sint Aliquam Magnam Voluptas. Fugiat Corporis Eius Explicabo.

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