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Gordian Group, a leading independent investment bank specializing in complex and distressed financial advisory work, today announced the results of a survey commissioned to capture public sentiments on corporate-labor relations during a time when corporations and unions alike face struggles … Read more

US Airways Group Inc. (LCC:US)’s tentative contract agreements with the Transport Workers Union at American Airlines boosted the labor group’s leverage in talks with the bankrupt carrier, a TWU banker said. The TWU, representing 24,000 workers at AMR Corp. (AAMRQ:US)’s … Read more

The Transport Workers Union (TWU) announced today that the union has retained Gordian Group, LLC to provide investment-banking services during the bankruptcy reorganization proceedings at AMR Corporation, parent company of American Eagle and American Airlines. “We’ve said from day one … Read more

The Mets said in a statement Thursday that they had hired CRG Partners, a firm known as a turnaround specialist and bankruptcy consultant, to provide “services in connection with financial reporting and budgeting processes.” They made the statement in response … Read more

The battle over the Los Angeles Dodgers spanned the entire baseball season. Frank McCourt, the team’s owner, and Major League Baseball have staged a nasty spectacle, one that has been as contentious as any boardroom implosion in the sport’s recent … Read more

Pennsylvania’s capital, Harrisburg, filed for bankruptcy on Wednesday in a desperate bid to resolve its debt crisis, setting up a showdown with the state over control of the city. Harrisburg becomes one of the most-high profile cities to opt for … Read more

Thomas H. Lee Equity Fund V LP asked a New York federal court Wednesday to throw out an expert report submitted by Grant Thornton LLP just weeks before multidistrict litigation is slated to begin over the fraud that doomed Refco Inc. … Read more

A federal bankruptcy court judge on Friday rejected the Los Angeles Dodgers’ plan to borrow $150 million from a hedge fund and ordered them to negotiate “cooperatively” with Major League Baseball for a loan of the same amount on better … Read more

Peter Kaufman, head of restructuring and distressed mergers and acquisitions at New York-based Gordian Group, is one expert who won’t be surprised if municipalities start compromising on their debt in greater numbers. “If we see one, two, or three prominent … Read more

The drop in corporate bankruptcies and a decline in various measures of defaults have spurred some workout specialists to shift their focus to commercial real estate restructurings and foreign companies with problematic balance sheets. Full Story

A day after Tuesday’s election handed power to the Republicans, the Federal Reserve announced it will pump $600 billion into the economy in yet another attempt to boost investment, lending and jobs. New purchases of bonds will be about $75 … Read more

A foreclosure auction of Stuyvesant Town/Peter Cooper Village, the massive Manhattan apartment complex that may be worth less than half what it was just three years ago, was adjourned on Monday without explanation, until October 13. CWCapital, which represents the … Read more