Rochelle on Peregrine Options, Kodak Bonuses, JC Penney: Audio
Customers of Peregrine Financial Group Inc. may end up with a larger recovery if the liquidation of the futures commission merchant is carried out by a receiver rather than a bankruptcy trustee, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their podcast. Eastman Kodak Co. (EKDKQ) is proposing a bonus program that could pay Chief Executive Antonio M. Perez a 200 percent if unsecured creditors recover 30 percent. The last item on the podcast discusses the travails of retailer J.C. Penney Co.
Running time 15:34