Chapter 9

The Daily Docket: Battle Looms Over Dodgers TV Rights

08/02/11

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.

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The Daily Docket: Court Clears Dynegy Restructuring

08/01/11

A Delaware corporate law judge gave Dynegy Inc. the green light Friday for a $1.7 billion restructuring designed to stave off bankruptcy, turning down Public Service Enterprise Group Inc.’s bid for an order to hold up the deal, Dow Jones Newswires reports.

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The Daily Docket: Borders Preps for Sale

07/29/11

As liquidators work to clear books from its retail shelves, Borders Group Inc. is preparing for a sale that could enable the bookseller’s brand to live on even after its stores go dark. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Inks Loan-Portfolio Deal

07/28/11

Lehman Brothers Holdings Inc. struck a deal with WCAS Fraser Sullivan Investment Management LLC that will allow the failed investment bank to turn its $5.3 billion commercial-loan portfolio into cash. Read the Daily Bankruptcy Review story here.

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The Daily Docket: U.K. Court Dismisses Lehman Appeal

07/27/11

Britain’s Supreme Court on Wednesday dismissed an appeal by units of Lehman Brothers Holdings Inc. and Bank of New York Mellon, a win for investors in a high-stakes legal dispute involving complex derivatives transactions that has divided courts on both sides of the Atlantic. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: McCourt Whiffs on Dodgers Bankruptcy Loan

07/25/11

A Delaware bankruptcy judge rejected embattled Los Angeles Dodgers owner Frank McCourt’s attempt to use the team’s Chapter 11 case to circumvent Major League Baseball, ruling Friday that the team could not use a $150 million loan from a New York hedge fund to finance its operations. Read the Daily Bankruptcy Review article here.

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The Daily Docket: No Decision on Dodgers Loan

07/21/11

A bankruptcy judge declined to rule Wednesday evening on the contentious battle between the Los Angeles Dodgers and Major League Baseball over who will fund the team’s Chapter 11 case. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Tokio Marine Unit Seeks U.S. Creditor Protection

07/20/11

The European unit of Tokio Marine Holdings Inc., Japan’s biggest nonlife insurer, sought creditor protection in the U.S. to complete the wind-down of its London reinsurance business. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Borders Crosses Over to Liquidation

07/19/11

Borders Group Inc., the second-largest bookstore chain in the U.S., will liquidate after failing to garner offers to keep the company alive, The Wall Street Journal reports.

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The Daily Docket: Dodgers Lose Bid to Depose Selig

07/08/11

A bankruptcy judge blocked the Los Angeles Dodgers from gathering testimony from Major League Baseball Commissioner Bud Selig and from viewing sensitive documents about the league’s handling of other teams’ financial woes. Read the Daily Bankruptcy Review article here.

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