Bankruptcy commission would reduce barriers to Chapter 11 exit
Bankrupt U.S. companies would have more leeway to impose restructuring plans over creditors’ objections under new recommendations by a commission to overhaul Chapter 11 bankruptcy rules.
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Australia's major banks should set aside more capital to ensure they can survive a repeat of the global financial crisis, a government-backed review recommended on Sunday, a measure that may rein in the banks' hefty dividend payouts.
A former Sanofi SA paralegal has sued the French pharmaceutical company, saying it fired her for alleging it had paid $34 million to get doctors, hospitals and pharmacies to switch patients to its diabetes drugs.
Three former ICAP brokers pleaded not guilty in London on Friday to criminal charges that they had sought to manipulate benchmark interest rates, setting the scene for a high profile trial next year.
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