Bankruptcy Trends

The Daily Docket: Kodak Reaches Deal to Hand Business to U.K. Retirees

04/29/13

Eastman Kodak Co. reached a deal to hand over its “personalized imaging” and “document imaging” businesses to U.K. retirees, The Wall Street Journal reports.

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The Daily Docket: Judge Clears Lehman Brokerage Settlement

04/17/13
Agence France-Presse/Getty Images

A judge on Tuesday approved three measures that will together allow billions of dollars to be returned to customers of Lehman Brothers Holdings Inc.’s collapsed brokerage, and soon.

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Bankruptcy Watchdogs Suspend Debtor Audits

04/01/13
Getty Images

When Congress overhauled the Bankruptcy Code in 2005, it directed bankruptcy watchdogs to ferret out fraud by auditing consumer debtors—audits those watchdogs can no longer afford.

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Emails Show Ex-Deutsche Trader Lippmann Wanted Lehman Derivatives

03/29/13
Bloomberg News
Greg Lippmann speaks during the Bloomberg Link Hedge Funds 2010 conference at the Guggenheim Museum.

Former

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The Daily Docket: Aurelius Sues Over Loan Deal

03/21/13

Hedge fund Aurelius Capital Master Ltd. is suing an Energy Future Holdings Corp. unit and some current and former directors over a loan deal tied to the $32 billion leveraged buyout that loaded the Texas power company with debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Geokinetics Enters Bankruptcy

03/11/13

Geokinetics Inc. , which gathers and analyzes data for oil and gas companies, filed for Chapter 11 bankruptcy protection after reaching a deal with its creditors on a plan to restructure its debt. Read the Daily Bankruptcy Review article here.

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The Daily Docket: ResCap Looks to Keep Control of Bankruptcy

03/05/13

Ally Financial Inc. mortgage subsidiary Residential Capital LLC said bondholders wishing to file their own reorganization plan just want the Chapter 11 case to become one “replete with competing plans and open warfare.” Read the Daily Bankruptcy Review article here.

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The Daily Docket: J.P. Morgan Balks at Lehman Lehman Bid to Question ‘London Whale’

03/01/13

J.P. Morgan Chase & Co. is balking at Lehman Brothers Holdings Inc.’s efforts to question the trader known as the “London Whale” over derivatives trades, saying the failed investment bank is on a speculative fishing expedition meant to harass the bank in connection with the long-running litigation involving the two companies. Read the Daily Bankruptcy Review article here.

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The Daily Docket: School Specialty Wins Loan Approval

02/26/13

School Specialty Inc. won court approval to draw $129 million of a rival bankruptcy loan that gives the education supply company more time and flexibility in its Chapter 11 restructuring Read the Daily Bankruptcy Review article here.

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The Daily Docket: ResCap Bondholders Seek Rival Plans

02/25/13

Bondholders say allowing Residential Capital LLC to retain control of its stalled restructuring is “the surest path to nuclear war” and urged a judge to allow creditors to propose rival restructuring plans. Read the Daily Bankruptcy Review article here.

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