The Daily Docket: Bond Insurers Sue Detroit
Carlos Osorio/Associated Press A view of the city of Detroit from midtown. Municipal bond insurers are accusing Detroit of illegally spending certain tax ... Read full article
Carlos Osorio/Associated Press A view of the city of Detroit from midtown. Municipal bond insurers are accusing Detroit of illegally spending certain tax ... Read full article
European Pressphoto Agency A chartered North American Airlines Boeing 767 on the tarmac at the Mumbai airport, in Mumbai, India. ... Read full article
European Pressphoto Agency A chartered North American Airlines Boeing 767 on the tarmac at the Mumbai airport, in Mumbai, India. ... Read full article
Carlos Osorio/Associated Press A view of the city of Detroit from midtown. Municipal bond insurers are accusing Detroit of illegally spending certain tax ... Read full article
Getty Images The team winding down what is left of Lehman Brothers Holdings Inc. ... Read full article
Associated Press The Atlantic Club Casino Hotel filed for Chapter 11 bankruptcy protection Wednesday, a move that is part of a plan to put its Atlantic City gambling business up for auction, according to sources familiar with the ... Read full article
Simply Wheelz LLC, which does business as Advantage Rent A Car, filed for Chapter 11 protection Tuesday, months after its spinoff from Hertz Corp. Read the Daily Bankruptcy Review article here . ... Read full article
Golf retailer Edwin Watts Golf Shops LLC filed for bankruptcy with assets and debts each between $100 million and $500 million, Reuters reports . ... Read full article
Patriot Coal Corp. Thursday said it has reached preliminary deals to secure $576 million in bankruptcy-exit financing. Read the Daily Bankruptcy Review article here . ... Read full article
Read more about Brazilian oil company OGX Petroleo e Gas Participacoes SA ’s descent into bankruptcy protection in The Wall Street Journal . ... Read full article
Lawyers for Comcast Corp. squared off with Houston Astros owner Jim Crane in a Texas bankruptcy court Monday over the fate of their troubled Houston regional sports network, which Comcast is trying to put in Chapter 11 bankruptcy protection. Read the ... Read full article
PricewaterhouseCoopers LLP is asking a federal judge to trim back the Federal Deposit Insurance Corp.’s $1 billion lawsuit that alleges the accounting firm failed to catch the massive fraud that brought down Colonial Bank, in one of the largest bank ... Read full article
Detroit’s ready to make a case for its bankruptcy eligibility Wednesday, The Wall Street Journal reports . ... Read full article
LightSquared lost $55.5 million in September, bringing the wireless satellite company’s losses since filing for bankruptcy to more than $934 million. Read the Daily Bankruptcy Review article here . ... Read full article
Comcast Corp. urged a Texas bankruptcy judge to allow CSN Houston, the television network that broadcasts Houston Astros baseball games and Houston Rockets basketball games, to stay in bankruptcy, arguing the dismissal of its case would empower the Astros ... Read full article
Peter Foley/Bloomberg News Wilbur Ross Wilbur Ross, whose Talmer Bancorp has agreed to invest $97 million to take over Capitol Bancorp’s stakes in its fo ... 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
A bankruptcy trustee for failed solar panel manufacturer Energy Conversion Devices is suing three Chinese companies for $950 million over allegations of price fixing and the dumping of cheap solar panels that drove the U.S. company out of business. Read ... Read full article
Ben Margot/Associated Press Struggling Stockton, Calif., struck a deal with the bond insurer behind the city’s roughly $125 million pension bond debt—its largest borrowed debt—that will enable the city to stretc ... Read full article
A Connecticut bankruptcy judge has ordered Sean Dunne, once one of Ireland’s biggest property developers, to open his books to a U.S. bankruptcy trustee saying he can’t hide behind Irish family law to avoid answering questions about his finances. Judge ... Read full article