Lehman Brothers Holdings Inc. said recent settlements with a number of its far-flung foreign affiliates have put the failed investment bank on track to win approval of its plan to exit bankruptcy by the end of the year. Read the Daily Bankruptcy Review article here.
The fees charged by the army of lawyers, accountants and consultants working on Lehman Brothers Holdings Inc.’s Chapter 11 case topped $1.36 billion last month as the estate paid $34 million in professional bills. Read the Daily Bankruptcy Review article here.
This week on The Broke and the Beautiful, creditors of the Los Angeles Dodgers seek to hire investment bankers, Lenny “Nails” Dysktra pleads not guilty to indecent-exposure charges, and a special-effects company fades to black for good.
New York hedge-fund manager Centerbridge Credit Advisors LLC is objecting to Lehman Brothers Holdings Inc.’s liquidation plan, saying among other things that some of its claims are being treated less favorably than they should be. Read the Daily Bankruptcy Review article here.
This week on The Broke and the Beautiful, Toni Braxton loses the blues in bankruptcy court, the Salahis crash the fashion section of the New York Times, and the L
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.
The total professional bill for General Motors’ bankruptcy case topped $110 million, but for a company of that size, the charges are astonishingly low, said Lynn
This week in The Broke and the Beautiful, housewives both real and fictional are in bankruptcy court, the New York Times nails a profile on former slugger Lenny Dykst
The Los Angeles Dodgers are demanding that Major League Baseball Commissioner Bud Selig and a slew of other officials submit testimony as part of the team’s Chapter 11 bankruptcy case. Read the Daily Bankruptcy Review story here.
