News Topic: Hedge Funds

In liquidation, Lehman Brothers Holdings Inc. is overdelivering, The Wall Street Journal reports . ... Read full article

A judge on Monday said LightSquared could move forward with its $2.65 billion restructuring proposal over the strong objection of Dish Network Corp. Chairman Charlie Ergen, LightSquared’s largest secured creditor. Read the Daily Bankruptcy Review article ... Read full article

A judge on Monday said LightSquared could move forward with its $2.65 billion restructuring proposal over the strong objection of Dish Network Corp. Chairman Charlie Ergen, LightSquared’s largest secured creditor. Read the Daily Bankruptcy Review article ... Read full article

Dish Network Corp. Chairman Charlie Ergen is again fighting with a group of hedge funds that hold LightSquared’s bank debt, this time over which side should be providing a short-term bankruptcy loan to keep LightSquared afloat. Read the Daily Bankruptcy ... Read full article

Dish Network Corp. Chairman Charlie Ergen is again fighting with a group of hedge funds that hold LightSquared’s bank debt, this time over which side should be providing a short-term bankruptcy loan to keep LightSquared afloat. Read the Daily Bankruptcy ... Read full article

A federal judge says corporate bankruptcy lawyers and advisers should err on the side of transparency when seeking court approval for the “handsome” fees they charge their clients. A kerfuffle over professional fees in the bankruptcy case of investment ... Read full article

A federal judge says corporate bankruptcy lawyers and advisers to err on the side of transparency when seeking court approval for the “handsome” fees they charge their clients. A kerfuffle over professional fees in the bankruptcy case of investment firm ... Read full article

A judge ruled that Detroit was eligible for Chapter 9 bankruptcy protection, The Wall Street Journal reports . Several former Dewey & LeBoeuf LLP partners face lawsuits demanding nearly $10 million, part of a continuing quest to recover the tens of ... Read full article

Shareholders for Italian airline Alitalia approved a proposal to raise up to EUR300 million ($406.9 million) to try to save it from bankruptcy, The Wall Street Journal reports . According to WSJ , some of Suntech’s U.S. bondholders are trying to force the ... Read full article

Secured lenders led by Credit Suisse AG have been declared winners of an auction for the oil and gas drilling assets of ATP Oil & Gas Corp. with an offer of $690.8 million, court papers say. ... Read full article

Bloomberg Distribution trucks drive through the yard at the Polmos Bialystok SA vodka distillery, a subsidiary of ... Read full article

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 full article

Indianapolis Downs LLC won court approval to sell the Indiana Grand racetrack and casino to Centaur Holdings LLC for $500 million, the cornerstone of its restructuring plan. Read the Daily Bankruptcy Review article here . ... Read full article

A bankruptcy judge Monday confirmed Solyndra LLC’s Chapter 11 plan, brushing aside protests from the Department of Energy, which stands to lose most of the $527 million in taxpayer dollars it risked on the company. Read the Daily Bankruptcy Review article ... Read full article

A majority of American Eagle pilots have voted in favor of a new labor agreement between their union and AMR Corp., the regional airline’s parent. Read the Daily Bankruptcy Review article here . ... Read full article

Arcapita Bank’s unsecured creditors say a proposed $150 million financing package from Silver Point Finance LLC is structured to benefit the lender at other creditors’ expense and to preclude the company from pursuing other options. Read the Daily ... Read full article

Digital Domain Media Group Inc . said it filed for Chapter 11 bankruptcy and agreed to sell its core business to private investment firm Searchlight Capital Partners LP for $15 million. Click here to read the article in DBR Small Cap. ... Read full article

Journal Register Co., the publisher behind local newspapers such as the New Haven Register, is back in bankruptcy protection, three years after emerging from a previous Chapter 11 stint. Read the Daily Bankruptcy Review article via The Wall Street Journal ... Read full article