Chapter 9

The Daily Docket: Kodak Gets $500M Bid for Patents

12/06/12

A group of bidders is offering more than $500 million for Eastman Kodak Co. ’s trove of digital patents, The Wall Street Journal reports.

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The Daily Docket: Court Decision Spells Win for Vitro Bondholders

11/29/12

A U.S. appellate court on Wednesday upheld a bankruptcy court decision to reject Mexican glassmaker’s Vitro SAB’s controversial bankruptcy plan, a big win for bondholders that have been sparring with the company for years over its controversial debt restructuring. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Union Wants Hostess to Relinquish Control of Bankruptcy

11/28/12
Reuters
Hostess employees strike in front of one of the bakeries in Los Angeles.

The union behind the crippling strike that Hostess Brands Inc.

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The Daily Docket: Hostess to Mediate With Bakers

11/20/12
The Republic/Associated Press

The bankruptcy judge for Hostess Brands Inc. asked it and its bakers union to mediate.

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The Daily Docket: Trustee Attacks A123′s Bid to Pay Bankruptcy Bonuses

11/08/12

The government’s bankruptcy watchdog says A123 Systems Inc.’s attempt to pay millions of dollars in “incentive” bonuses to a handful of the battery maker’s insiders appears to be a disguised bid to award the employees with illegal “retention” bonuses. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Hawker Files New Exit Plan

10/31/12

Following the recent collapse of a deal to sell its business to Chinese aircraft manufacturer, Hawker Beechcraft Inc. has filed a new plan to exit bankruptcy in the hands of a group of hedge funds that includes Bain Capital’s Sankaty Advisors. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Berkshire Wins ResCap Loans

10/26/12

Warren Buffett ’s Berkshire Hathaway Inc. was the winning bidder in a bankruptcy auction for a portfolio of loans from Residential Capital LLC , the subprime mortgage unit of government-owned Ally Financial Inc., ResCap said Thursday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Ocwen Wins ResCap Assets

10/25/12

With a $3 billion bid Ocwen Financial Corp. was named the winner Wednesday in a bankruptcy auction for the mortgage-servicing and origination assets of lender Residential Capital LLC. Read the article in Daily Bankruptcy Review.

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The Daily Docket: Ocala Renews Bid to Probe Freddie Over Taylor Bean Fraud

10/22/12

A former Taylor Bean and Whitaker Corp. subsidiary is renewing its bid to probe whether Freddie Mac “aided and abetted” the multibillion-dollar bank fraud at the failed mortgage lender. Read the Daily Bankruptcy Review article here.

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The Daily Docket: A123 Bidding War Heats Up

10/19/12

A bidding war for A123 Systems Inc. broke out in bankruptcy court Thursday between a spurned Chinese suitor and an American auto-parts maker. Read the Daily Bankruptcy Review article here.

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