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Handle Lawyers Well With These Useful Hints

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Inmate Whose Confession Led Ill. to End Death Penalty Is Released

An Illinois inmate has been released after over a decade in prison for a double-homicide conviction that was key to ending the state's death penalty. Alstory Simon was the second person to be convicted for a 1982 double murder, but there were serious questions about whether Simon's confession was coerced,......



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Veolia, CDC to call in loans on Corsica ferry firm SNCM

PARIS, Oct 31 (Reuters) - French public passenger transport group Transdev, owned by Veolia and state bank CDC, is to call in loans to its France-Corsica ferry operator unit SNCM next week, it said...

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SEB plans debut CoCo following investor meetings

LONDON, Oct 31 (IFR) - SEB is preparing to sell a debut contingent convertible (Coco) bond following an investor roadshow that will begin next week, according to a lead manager.

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Bail-in of senior European bank debt not fully priced in

LONDON, Oct 31 (IFR) - The European senior bank debt market is yet to fully factor in the risk of bail-in despite an approaching deadline that will see some countries introduce burden sharing...

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UPDATE 3-Stockton, California, workers relieved as judge ruling secures pensions

SACRAMENTO, Oct 30 (Reuters) - Stockton, California, employees breathed a sigh of relief on Thursday as a judge ruled the city could exit bankruptcy, leaving benefits administered by public pension...

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Harbinger cannot ‘leapfrog’ LightSquared creditors -U.S. judge

NEW YORK, Oct 30 (Reuters) - Hedge fund manager Phil Falcone's efforts to hold onto a piece of his LightSquared wireless venture took a hit on Thursday when a bankruptcy judge denied a request by his...

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UPDATE 3-Detroit trial ends, judge to rule Nov. 7 on bankruptcy plan

DETROIT, Oct 27 (Reuters) - Detroit on Monday wrapped up its historic bankruptcy case, which began with contentious opposition from creditors and ended with eleventh-hour deals enabling the city to...

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Bankruptcy judge to rule on Energy Future’s Oncor unit sale Nov. 3

WILMINGTON, Del, Oct 27 (Reuters) - A bankruptcy judge will rule next week if Energy Future Holdings Corp, a bankrupt Texas power company, can conduct an auction for its power distribution business,...

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U.S. judge says will rule Nov. 7 on Detroit’s bankruptcy plan

DETROIT, Oct 27 (Reuters) - The federal judge overseeing Detroit's historic bankruptcy case said on Monday he will issue his ruling on the city's debt adjustment plan on Nov. 7.

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BRIEF-Judge to rule Nov. 3 on Energy Future Holdings proposed process to sell Oncor stake

Oct 27 (Reuters) - Energy Future Holdings Corp: * Judge overseeing Energy Future Holdings Corp bankruptcy says will issue

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Second Formula One Team Seeks Bankruptcy Protection

Marussia’s British driver Max Chilton takes part in the first practice session of the inaugural Russian Grand Prix at the F1 Autodrome in Sochi on Oct. 10, 2014

Agence France-Presse/Getty Images

The U.K.-based Formula One team Marussia filed for the equivalent of Chapter 11 bankruptcy Monday, joining Caterham as the circuit’s second team to seek protection from creditors in less than a week.

Administrators from London-based restructuring firm FRP Advisory said the Marussia Formula One team was placed in administration, a process similar to Chapter 11 in the U.S., on Monday. In a statement, FRP Advisory partner Geoff Rowley said the team would skip the United States Grand Prix, scheduled for this weekend in Austin, Texas.

“Following Austin, there are two further rounds of the 2014 championship remaining, in Sao Paulo and Abu Dhabi, and the team’s participation in those races will depend on the outcome of the administration process and any related negotiations with interested parties in what is a very limited window of opportunity,” Mr. Rowely said.

The team will continue to operate while the administrators “assess the longer term viability of the company in its present form,” Mr. Rowley said.

Marussia is the second Formula One team to seek protection from creditors in recent days. Caterham Sports Ltd., the owners of the Caterham Formula One team, on Friday handed over the company to administrators from London accounting firm Smith & Williamson.

The administrators are seeking a buyer for Caterham’s Formula One license, its race cars and property plus its workforce and technical support staff based in Oxfordshire.

The Caterham administrators said Friday that Formula One magnate Bernie Ecclestone has agreed to support their bid to sell the team to a party with the financial strength to sustain it into the future.

Both Marussia, formerly Virgin Racing, and Caterham, formerly Lotus Racing, joined the Formula One in 2010. In 2012, Virgin took on the name of major shareholder Russian sportscar maker Marussia.PLC. The same year Team Lotus changed its name to Caterham, the sportscar maker owned by team founder Mr. Fernandes.

Mr. Fernandes sold the team this summer to consortium of Swiss and Middle Eastern investors.

Both teams have enjoyed only limited success, with Marussia gaining its first world championship points in this year’s Monaco Grand Prix. Caterham has been shut out in 93 race outings, according to Formula One.

Write to Patrick Fitzgerald at patrick.fitzgerald@wsj.com. Follow him on Twitter at @PatFitzgerald23.

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Post stress test relief could be catalyst for issuance

LONDON, Oct 27 (IFR) - European bank stress tests results were the catalyst for a rally in the subordinated bank debt market on Monday that could herald the return of primary issuance once investors...

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NYPD Hatchet Attack: Innocent Bystander Shot; What Happens Next?

After the hatchet attack on NYPD officers in Queens last week, the alleged attacker was shot and killed. But what about the innocent bystander who was accidentally shot by police? A 29-year-old woman was struck in the back by officers' bullets as she was walking about half a block away,......



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