Hedge Funds

The Daily Docket: Berkshire, Nationstar Named Lead Bidders for ResCap

06/20/12
Reuters
Warren Buffett holds a Dairy Queen ice cream bar and answers reporters’ questions before the Berkshire Hathaway annual meeting in April 2011. 

Wa

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The Broke and the Beautiful: Mitt Romney Edition

05/18/12

This week on The Broke and the Beautiful, presidential hopeful Mitt Romney faces criticism from President Obama’s re-election campaign over the practices of his former employer, private equity firm Bain Capital. Also, Nadya “Octomom” Suleman’s Chapter 7 bankruptcy case has been tossed.

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The Daily Docket: Court Reverses Tousa Decision

05/16/12

A federal appeals court has reversed a lower court decision involving the bankruptcy of Florida home builder Tousa Inc. in a closely watched court case that could have far-reaching implications for lenders of struggling companies and their creditors. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Vegas Developer Looks to Shed $500M Debt

05/10/12

Las Vegas developer Bill Plise is trying to shake off some $500 million worth of personal debts in bankruptcy, mostly guarantees of bank loans linked to a bid to develop City Crossing, a $2 billion casualty of the recession. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Creditors Question Hostess Pay

04/05/12

Creditors of Hostess Brands Inc. said in court papers the company may have “manipulated” its executives’ salaries higher in the months leading up to its Chapter 11 filing, in what the creditors called a possible effort by Hostess to “sidestep” Bankruptcy Code compensation provisions. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Apple Can’t Pursue Kodak Litigation

03/09/12

A judge Thursday said Apple Inc. couldn’t pursue patent infringement litigation against Eastman Kodak Co. over a patent the computer giant fears might be sold during Kodak’s bankruptcy before an ownership dispute is resolved. Read the Daily Bankruptcy review article via The Wall Street Journal.

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The Daily Docket: Kodak Can Borrow on Loan

01/20/12

A judge on Thursday said Eastman Kodak Co. could begin borrowing on a $950 million loan from Citigroup Inc., which the iconic photography company hopes will keep it afloat as it restructures itself during Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Quiznos Reaching Debt Deal

12/22/11

Quiznos is reaching a deal to restructure about $870 million in debt, The Wall Street Journal reports.

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The Daily Docket: Hedge Funds Sue Delphi

12/21/11

A handful of hedge fund companies that specialize in buying up the distressed debt of bankrupt businesses are suing Delphi Automotive PLC and some of its biggest backers, claiming the newly public auto-parts supplier is shortchanging them on a potential recovery of up to $300 million. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Supreme Court to Weigh Credit Bidding

12/13/11

The U.S. Supreme Court has opted to weigh in on one of the hottest topics in bankruptcy: whether lenders have the right to use debt as currency in bankruptcy auctions. Read the Daily Bankruptcy Review article here.

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