Owner Of Bankrupt Berkeley Wine Store Sentenced To 6 Years For $45M FraudThe founder of a bankrupt Berkeley wine store was sentenced to 6.5 years in prison for years of fraud that cost customers $45 million.
Stockton Becomes Most Populous City In Nation To Enter BankruptcyThe people of Stockton will feel financial fallout for years after a federal judge ruled Monday to let the city become the most populous in the nation to enter bankruptcy.
Lenders Say Stockton Bankruptcy Costing Millions, While City Continues Pension PaymentsA bond insurer said lenders are losing millions in Stockton’s bankruptcy while the city continues to fund pricey pensions.
Stockton Officially Declares Bankruptcy, Largest US City To FileStockton has filed for Chapter 9 protection, making it the largest American city ever to declare bankruptcy.
Stockton Bankruptcy To Hit City Retirees HardWhen Stockton becomes the largest U.S. city ever to file for bankruptcy, it will strike a hard blow to residents, especially city employees and retirees whose health benefits and pensions helped drive the city toward insolvency.
Stockton Bankruptcy Set After Mediation With Creditors FailsOfficials in Stockton said Tuesday that mediation with the city’s creditors has failed, meaning it is set to become the largest American city ever to declare bankruptcy.
Solyndra Asks Bankruptcy Judge To Allow $500K In BonusesThe Washington Times reports that bankrupt Fremont-based solar panel maker Solyndra hopes to give its executives thousands of dollars in bonuses.
American Airlines Parent Files For Bankruptcy; SFO Flights Not ImpactedThe parent company of American Airlines and affiliate American Eagle Airlines has become the latest in legacy airlines to file for Chapter 11 bankruptcy.
FBI Agents Search Solyndra Headquarters In FremontFBI agents were executing search warrants at the headquarters of Fremont solar firm Solyndra that received a $535 million loan from the federal government.
Fremont-Based Solyndra Goes Bankrupt; 1,100 Workers Laid OffA leading Bay Area manufacturer of solar power systems has abruptly shut down operations as it seeks to file for bankruptcy.
Time Running Out For Bankrupt Vallejo To Come Up With Fireworks FundsPlenty of people simply "assume" fireworks will also be a part of July 4th celebrations, but in Vallejo that's hardly the case.
Bankrupt Vallejo Spends Big On New City Manager Vallejo, a bankrupt city struggling with 12 percent unemployment and a half abandoned downtown, has just hired an expensive city manager to turn things around.