Beyond Bankruptcy

The federal appeals court in San Francisco sided with Lehman Brothers Holdings Inc., finding that California real-estate developer SunCal can’t push the failed investment bank’s debt below that of other creditors without the permission of the judge overseeing Lehman’s Chapter 11 case. Read the Daily Bankruptcy Review story here.

Mrs. Fields is baking up a post-bankruptcy comeback, reinventing its shopping-mall counters to sell iced lattes alongside its white chocolate macadamia nut cookies and chocolate chip cookie cakes.

Mrs. Fields emerged from its two-month-long Chapter 11 restructuring in October 2008 and aimed to expand its reach despite the economic downturn that toasted even the best-baked plans. Nearly three years later, it’s seeking another expansion, this time of its offerings.

News Corp.’s Fox Sports is protesting the Los Angeles Dodgers’ request to hire Blackstone Group to market the team’s media rights, setting up a potential battle with the broadcaster that, until recently, had been one of embattled owner Frank McCourt’s biggest supporters. Read the Daily Bankruptcy Review story here.

This week on The Broke and the Beautiful, Beso’s back in the news and football players are fumbling.

The total professional bill for General Motors’ bankruptcy case topped $110 million, but for a company of that size, the charges are astonishingly low, said Lynn