Beyond Bankruptcy

The Daily Docket: Detroit to Make Case for Bankruptcy Eligibility

10/23/13

Detroit’s ready to make a case for its bankruptcy eligibility Wednesday, The Wall Street Journal reports.

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The Daily Docket: Lehman Australia Creditors Approve $48M Settlement

10/22/13

Creditors of Lehman Brothers Holdings Inc.’s Australian unit have approved a $48 million settlement with a group of insurers over claims the investment bank misled a group of towns, charities and churches into buying risky securities backed by U.S. mortgages. Read the Daily Bankruptcy Review article via MoneyBeat.

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The Daily Docket: Energy Conversion Trustee Sues Companies for $950M

10/08/13

A bankruptcy trustee for failed solar panel manufacturer Energy Conversion Devices is suing three Chinese companies for $950 million over allegations of price fixing and the dumping of cheap solar panels that drove the U.S. company out of business. Read the DBR Small Cap article via The Wall Street Journal.

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The Daily Docket: Citi Fights Lehman Payout

10/04/13
Getty Images

Citigroup Inc.

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The Daily Docket: Furniture Brands Board Pits KPS as Lead Bidder

10/03/13

Furniture Brands International Inc.’s board of directors has switched course, replacing Oaktree Capital Management with New York’s KPS Capital Partners LP as the lead bidder at an upcoming bankruptcy auction. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Elliott to Pay $1 Billion for Lehman U.K. Claim

10/02/13
Getty Images

Paul Singer‘s hedge fund Elliott Management has agreed to pay GBP650 million ($1.05 billion) to the corporate parent of Lehman Brothers

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The Daily Docket: ‘Old’ GM Creditors Settle Dispute

10/01/13
Agence France-Presse/Getty Images

A trust representing “old” General Motors’ unsecured creditors agreed to stop trying to reclaim funds that GM had paid to a group of hedge funds, among them

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The Daily Docket: Judge Rejects LightSquared Director

09/25/13

A judge on Tuesday forced LightSquared to remove an independent director named to help oversee the sale of the Philip Falcone-controlled wireless satellite company, agreeing with lenders that her sour relationship with would-be buyer Dish Network Corp. could be interpreted as a conflict of interest. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Lenders Ease Pressure in OSG Bankruptcy

09/24/13

Bank lenders Monday officially ratcheted down the pressure on Overseas Shipholding Group Inc. after the tanker company unveiled financial projections that will be the basis for restructuring talks. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Penthouse Publisher Enters Bankruptcy

09/17/13
Associated Press/Jim Lukoski
In this May 12, 1984 file photo, subway commuters point to a poster sporting a caricature of a nearly nude Walter Mondale that promotes the curre
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