Beyond Bankruptcy

The Daily Docket: Dodgers Sale Is Complete

05/02/12

The Los Angeles Dodgers said Tuesday the $2 billion sale of the team and stadium to an investment group headed by Earvin “Magic” Johnson is complete. Read the Daily Bankruptcy Review article here.

[more]

The Daily Docket: AMR Adviser Says Stakeholders May Want Merger

04/26/12

Echoing Tuesday’s opinion by the parent of America Airlines’ chief restructuring officer, a restructuring adviser to AMR Corp. said drastic cuts in labor costs are needed. Managing Director David L. Resnick also said the company’s stakeholders will probably want it to explore consolidating with a rival airline after it emerges from bankruptcy.

[more]

The Daily Docket: Supreme Court Skeptical of Efforts to Block Credit Bidding

04/24/12

The U.S. Supreme Court began the process of weighing in on one of the hottest issues in corporate bankruptcy Monday, casting harsh eyes on a hotel owner’s attempt to block its secured lender from using debt as currency in a bankruptcy auction. Read the Daily Bankruptcy Review article here.

[more]

The Daily Docket: Creditors Question Hostess Pay

04/05/12

Creditors of Hostess Brands Inc. said in court papers the company may have “manipulated” its executives’ salaries higher in the months leading up to its Chapter 11 filing, in what the creditors called a possible effort by Hostess to “sidestep” Bankruptcy Code compensation provisions. Read the Daily Bankruptcy Review article via The Wall Street Journal.

[more]

The Daily Docket: Reddy Ice Considers Bankruptcy

04/03/12

Reddy Ice Holdings Inc. is considering seeking bankruptcy protection in a prearranged deal with lenders and other stakeholders as it continues to incur losses, the company said in a regulatory filing. Read the Daily Bankruptcy Review article here.

[more]

The Daily Docket: Apple Can’t Pursue Kodak Litigation

03/09/12

A judge Thursday said Apple Inc. couldn’t pursue patent infringement litigation against Eastman Kodak Co. over a patent the computer giant fears might be sold during Kodak’s bankruptcy before an ownership dispute is resolved. Read the Daily Bankruptcy review article via The Wall Street Journal.

[more]

The Daily Docket: Lehman Battling Former Swiss Subsidiary

03/05/12

Lehman Brothers Holdings Inc. is locked in a high-stakes battle with its former Swiss derivatives subsidiary over billions of dollars in guarantees and intercompany loans, a legal dispute that threatens to delay recoveries for creditors who have been waiting more than three years to be paid following Lehman’s collapse. Read the Daily Bankruptcy Review article here.

[more]

Dish to Close 500 Blockbuster Stores

02/24/12
Reuters

Apparently, 2012 is not going to be the year that the Blockbuster retail store rises again.

[more]

Bond Insurer Says JeffCo Shouldn’t Block J.P. Morgan Suit

02/24/12

A municipal bond insurer that guaranteed sewer debt issued by Jefferson County, Ala., is accusing J.P. Morgan Chase & Co. of unfairly using the county’s bankruptcy case to block the progress of the bond insurer’s own fight against the bank in New York state court. Read the Daily Bankruptcy Review article here.

[more]

The Daily Docket: No MF Global Customer Money Found at J.P. Morgan

02/21/12

Louis Freeh, the bankruptcy trustee overseeing MF Global Holdings Ltd.’s Chapter 11 case, says a forensic analysis has determined none of the estimated $1.6 billion in missing customer cash ended up in the company’s account at J.P. Morgan Chase & Co. Read the Daily Bankruptcy Review story here.

[more]