Chapter 9

Detroit’s Bankruptcy Judge Challenges Major Creditors

09/04/14
This March 22, 2012, photo shows U.S.
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The Daily Docket: Caesars Hit by Another Lawsuit

09/04/14

Caesars Entertainment Operating Co. was hit by another investor lawsuit Wednesday, this time by bondholders that say the casino giant recently worked out a “backroom” deal to aid one group of creditors and hurt others. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Detroit Makes Its Case

09/03/14

After more than a year in bankruptcy court, the city asked a federal judge Tuesday for the final blessing of its plan to slash $7 billion in debt and get on the road to solvency, The Wall Street Journal reports.

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The Daily Docket: Detroit’s Bankruptcy-Exit Hearing Gets Underway

09/02/14

The nation’s largest municipal-bankruptcy case is set for a showdown trial starting Tuesday, pitting the city’s emergency manager against holdout creditors seeking billions in payouts, The Wall Street Journal reports.

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The Daily Docket: Lehman Eyes Sale of Unsecured Claim

08/29/14

Lehman Brothers Holdings Inc. said Thursday that it may seek to sell off some of a multibillion-dollar bankruptcy claim that the failed investment bank holds against its U.S. brokerage arm. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Momentive Bankruptcy Plan Rejected

08/27/14

Momentive Performance Materials Inc. won two key lawsuits Tuesday, but the company fell short of securing court approval for its restructuring plan. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Mercator Unit Enters Chapter 11

08/26/14

Mercator Minerals Ltd.’s Mineral Park Inc. unit filed for Chapter 11 bankruptcy protection Monday, seeking a buyer for assets that include a producing copper-molybdenum mine near Kingman, Ariz. Ready the Daily Bankruptcy Review article here.

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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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