Bankruptcy

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BRIEF-Pongs & Zahn to present insolvency plan to the creditors

* Expects to present insolvency plan in next few weeks to the creditors

Ex-CEO Bertelsmann CEO files for personal insolvency

FRANKFURT, March 31 - Thomas Middelhoff, the jailed former chief executive of Bertelsmann, has filed for personal insolvency, a court in Bielefeld, Germany said on Tuesday following the manager's conviction for embezzlement and tax evasion last year.

10:38am EDT

BRIEF-Renta Corp unit files for insolvency proceedings

* Said on Monday that the application for insolvency proceedings and their conclusion had been filed for its wholly owned subsidiary, Renta Corporacion Real Estate 2 SLU, with the Commercial Court in Barcelona

Financials 3:21am EDT

U.S. investor lawsuit over Harbinger's LightSquared is dismissed

NEW YORK, March 30 - A federal judge on Monday dismissed a lawsuit accusing Philip Falcone and his Harbinger Capital Partners LLC of misleading investors by taking a majority stake in wireless company LightSquared Inc without disclosing the investment or its risks.

India finalises muni bond rules

SINGAPORE, March 30 (IFR) - India has approved new rules for its municipal-bond market that pledge to give local governments easier access to funding as they seek to meet urban infrastructure growth targets.

29 Mar 2015

UPDATE 1-Puerto Rico utility closer to deal with creditors - sources

NEW YORK, March 27 - Creditors of Puerto Rico's electric power authority are likely to agree by a Tuesday deadline to extend a forbearance agreement aimed at avoiding a potentially messy default, two people close to the matter said on Friday.

Markets, Financials, Bonds 27 Mar 2015

UPDATE 1-Lender says will make 'significant' new bid for RadioShack

WILMINGTON, Del, March 27 - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week.

Lender says to make 'significant' new bid for RadioShack

WILMINGTON, Del, March 27 - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week.

Puerto Rico's utility creditor meeting to extend through weekend

NEW YORK, March 27 - Negotiations between Puerto Rico's electric power authority PREPA and its creditors, aimed at avoiding a potentially messy default, will likely continue over the weekend, PREPA's chief restructuring officer said.

Financials, Bonds, Markets 27 Mar 2015

Asian banks to step up capital calls

LONDON, March 27 (IFR) - Bankers are preparing for an onslaught of bank capital offerings from Asian financial institutions, as the first international issue of the year from China looms large.

IPOs, Financials 27 Mar 2015

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