News Topic: Bankruptcy Trends

Reuters The trustee unwinding Lehman Brothers Holdings Inc.’s brokerage business has agreed to sell the company’s stake in a gas shipping business to Wilbur Ross for $110 million. ... Read full article

Getty Images In bankruptcy, you need to spend money to save money, even if that means spending it on the same management team that steered a business into Chapter 11. ... Read full article

Pinnacle Airlines Corp. is accusing hedge fund and shareholder Meson Capital Partners LP of putting its reorganization at risk in order to squeeze value out of shares that are expected to be worthless. Read the Daily Bankruptcy Review article here . ... Read full article

Santa Ysabel Resort and Casino—too broke to build its resort and too small to lure many gamblers to its casino on a reservation outside San Diego—is about to test the notion that Native American enterprises aren’t eligible for protection under U.S. ... Read full article

Failed solar power equipment maker Solyndra LLC has sketched out its Chapter 11 plan and, as expected, there’s bad news for U.S. taxpayers: Estimates are $24 million of a $527 million government loan will be repaid, and that’s not a sure thing. Read the ... Read full article

The head of US Airways Group Inc. on Wednesday expressed reservations about the strategic review being conducted by AMR Corp. and said he could go directly to its rival’s creditors in a bid to cement a merger. Read the Daily Bankruptcy Review article here ... Read full article

Reuters J.P. Morgan Chase & Co. said senior management of Lehman Brothers Holdings Inc. ... Read full article

Latham & Watkins The app “The Book of Jargon: Global Restructuring” has more than 1,000 complicated terms translated into plain English. Do you drop phrase ... Read full article

Getty Images U.S. Airways Chief Executive Doug Parker speaks about a merger with AMR Corp. ... Read full article

Nicholas Roberts/AFP/Getty Images Deutsche Bank AG has agreed to settle a long-running lawsuit with Lehman Brothers Holdings Inc. ... Read full article

Tribune Co. won court approval of its Chapter 11 plan after a long and contentious bankruptcy proceeding, clearing the way to action before the Federal Communications Commission that will be anything but easy for the publishing and broadcasting operation. ... Read full article

Ocala Funding LLC, the mortgage-securities unit of defunct lender Taylor, Bean & Whitaker Mortgage Corp ., filed for Chapter 11 protection Tuesday in a bid to recover more than $800 million it said Taylor Bean’s now-imprisoned leaders looted from its ... Read full article

Patriot Coal Corp. filed for Chapter 11 bankruptcy on Monday, becoming the largest casualty of the worst U.S. market for the power-plant fuel in decades. Read the Daily Bankruptcy Review article here . ... Read full article

The former leaders of failed IndyMac Bancorp, including ex-Chief Executive Michael Perry, have agreed to settle a class-action securities lawsuit stemming from the bank-holding company’s collapse four years ago. Read the Daily Bankruptcy Review article ... Read full article

The city of Stockton, Calif., filed for Chapter 9 protection, The Wall Street Journal reports . MF Global is proving to be catnip for distressed-debt buyers, according to a new report showing that more than $246 million of the failed brokerage’s debt ... Read full article

Bloomberg Warren Buffett A judge on Monday granted the wish of Warren Buffett’s Berkshire Hathaway Inc. ... Read full article

A U.S. federal judge refused Wednesday to enforce Mexican glassmaker Vitro SAB’s controversial debt restructuring in a closely watched bankruptcy case that threatened to sever the cross-border business cooperation between the two nations’ legal systems. ... Read full article

By Jennifer Smith ... Read full article