Beyond Bankruptcy

The Daily Docket: GM Plaintiffs Push for Recall Lawsuit

08/25/14

One of the groups of plaintiffs trying to sue General Motors Co. over economic losses relating to the massive recall tied to faulty ignition switches is asking the bankruptcy judge to allow its lawsuit to proceed. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Asarco Wins Latest Round Against India’s Sesa Sterlite

08/20/14

India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy Review.

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Chicago Bears in Bankruptcy Brawl

08/19/14

The Chicago Bears are up against a tough foe, but not on the gridiron. Try bankruptcy court.

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The Daily Docket: Lehman Sets $4.6B Unsecured Creditor Distribution

08/15/14

General unsecured creditors of Lehman Brothers Inc. will receive $4.6 billion in their first distribution, perhaps as soon as next month. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: LightSquared Overhauls Chapter 11 Plan

08/08/14

Wireless venture LightSquared on Thursday overhauled its reorganization plan, and the new proposal appears to spell the end of longtime backer Philip Falcone’s ownership of the wireless venture. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Eagle Bulk Enters Chapter 11

08/06/14

Shipping company Eagle Bulk Shipping Inc. filed for Chapter 11 protection with a prepackaged plan in place, The Wall Street Journal reports.

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The Daily Docket: Lehman Estimates $88.8B Recovery

08/04/14

Lehman Brothers Holdings Inc. collapsed nearly six years ago, but the investment bank is still raking in the cash. The team unwinding Lehman now estimates it will bring in $88.8 billion. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Retailer Dots Bounces Back After Shutting Down in Bankruptcy

08/01/14

Bankruptcy seemed to signal the end for trendy women’s clothing retailer Dots, which emptied its 359 stores with going-out-of-business sales this spring.

But a Florida firm in the retail industry bought the Dots brand and is slowly resurrecting it, saying it can avoid the problems that the juniors’ and plus-sized clothes retailer faced. The eighth Dots store opens Friday in South Philadelphia.

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The Daily Docket: Judge Says Lehman Trustee Can Create $3B Fund for Creditors

07/31/14

A judge on Wednesday said the trustee unwinding Lehman Brothers Inc. could create a $3 billion-plus fund to pay back unsecured creditors of the brokerage. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Argentina Just Hours From Debt Default

07/30/14

A group Argentina banks are working on a last-minute plan to help the country avoid default, The Wall Street Journal reports.

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