WILMINGTON, Delaware (Reuters) - Hedge funds will defend their coveted secrecy against bankruptcy judges who want more information about their economic interests before granting them an active role in Chapter 11 reorganizations. The two sides will make their case on Friday before a regularly scheduled federal rule-making panel that will try ...

NEW YORK (Reuters) - CIT Group Inc's bankruptcy case was reassigned on Monday to U.S. Bankruptcy Judge Allan Gropper following the recusal of Judge Robert Gerber, who had been assigned the case hours earlier. A courtroom deputy for Gropper said Gerber recused himself from the case. The deputy did ...

The road was cleared Thursday for General Motors to exit from bankruptcy protection after a court-imposed stay preventing the sale of its assets to a new company was lifted. GM expects to close the deal "as soon as possible," spokeswoman Julie Gibson told AFP. GM president and chief executive officer ...

NEW YORK (Reuters) - A U.S. bankruptcy judge refused on Tuesday to allow a group of individuals claiming to have been harmed by General Motors Corp vehicles to appeal directly to a U.S. federal appeals court against the sale of the automaker's assets. Judge Robert Gerber of federal ...