Chapter 9

The Daily Docket: Madoff Bankruptcy Trustee Strikes Another Clawback Deal

11/19/14

An investment fund that parked all of its money with Bernard Madoff has agreed to give up $95 million for the benefit of Mr. Madoff’s victims in the second major settlement announced this week by the court-appointed official tracking down money tied to the biggest Ponzi scheme ever. Read Sara Randazzo’s Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Mutual Fund Appeals Stockton Bankruptcy Ruling

11/17/14

Mutual fund giant Franklin Templeton Investments is appealing a judge’s decision to allow the city of Stockton, Calif., to exit bankruptcy under a plan that pays Franklin-managed funds a fraction of the $37 million owed them but makes full payments for the city’s pensions. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Dendreon Clears First Bankruptcy Hearing

11/13/14

Dendreon Corp. on Wednesday cleared its first bankruptcy court hearing, launching a process in which lenders owed $620 million have agreed to take less than half that amount from anyone willing to buy the cancer-drug-making business. Read the Daily Bankruptcy Review article here.

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Detroit Judge to Residents: Your Anger Will Prevent Another Meltdown

11/10/14
Tonja Boyd (L) talks with her daughters Nemyla Boyd (C) and Alexandria Boyd (R) as they wait at a bus stop Nov.
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Why Judge Rhodes Let Detroit Out of Bankruptcy

11/10/14
U.S. Bankruptcy Court Judge Steven Rhodes, seen in this 2012 file photo, approved Detroit’s bankruptcy plan.
John Meiu

U.S.

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The Daily Docket: Drug Maker Dendreon Files for Bankruptcy

11/10/14

Dendreon Corp. filed for Chapter 11 bankruptcy protection Monday after coming to terms with senior lenders on a restructuring that could mean a reorganization or a sale of its cancer drug operation. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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Detroit, Bond Insurer Reached Haircut Deal Over Haircuts

11/07/14
Jones Day lawyers David Heiman (front left) and Heather Lennox leave court at the start of Detroit’s bankruptcy case in July 2013.
Bill Pugliano/Getty Images

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The Daily Docket: Nortel Canada Looks to Block U.S. Unit’s $1 Billion Bondholder Deal

11/05/14

Nortel Networks Corp. of Canada Tuesday attacked a $1 billion pact between its U.S. division and investment firms that bought debt after the former telecommunications powerhouse collapsed in bankruptcy in 2009. Read the Daily Bankruptcy Review story here.

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