Beyond Bankruptcy

Electric car battery manufacturer A123 Systems Inc ., the recipient of nearly $250 million in government grants, filed for Chapter 11 bankruptcy protection Tuesday morning.Read the Daily Bankrup

The feds will decide within six months whether those involved with New Stream Capital LLC will face criminal charges, but until then, founder David Bryson and other ex-employees will be taking the Fifth Amendment and refusing to answer questions about the “hedge fund” operation that dabbled in the life-settlement business, as well as T-shirts, jewelry operations and real estate, court papers say.

The trustee winding down Lehman Brothers’ brokerage has settled a $6 billion dispute with the failed investment bank’s former Swiss derivatives unit, one of the last holdouts among Lehman’s foreign affil

Philip Falcone‘s LightSquared on Friday made a proposal to the Federal Communications Commission that the company hopes will solve the regulatory issues surrounding its wireless satellite network and help it build its business faster without abandoning its long-term goals. Read the Daily Bankruptcy Review article here.

Hostess Brands Inc. Tuesday launched its courtroom campaign to impose new labor deals on a group of unions that represent a small slice of the Twinkie maker’s workforce.