The Daily Docket: Elliott to Pay $1 Billion for Lehman U.K. Claim
Getty Images Paul Singer ‘s hedge fund Elliott Management has agreed to pay GBP650 million ($1.05 billion) to the corporate parent of Lehman Brothers ... Read full article
Getty Images Paul Singer ‘s hedge fund Elliott Management has agreed to pay GBP650 million ($1.05 billion) to the corporate parent of Lehman Brothers ... Read full article
Justin Sullivan/Getty Images British retail giant Tesco PLC’s U.S. ... Read full article
GateHouse Media Inc. started voluntary Chapter 11 bankruptcy proceedings in a federal court in Delaware, moving forward with its prepackaged plan to reorganize. Read the article in Daily Bankruptcy Review . ... Read full article
Canadian oil and gas company Lone Pine Resources Inc. said Wednesday it has launched bankruptcy proceedings in Canada and filed for Chapter 15 bankruptcy protection in the U.S. in a bid to slash its debt load. Read the Daily Bankruptcy Review article here ... Read full article
A judge on Tuesday forced LightSquared to remove an independent director named to help oversee the sale of the Philip Falcone-controlled wireless satellite company, agreeing with lenders that her sour relationship with would-be buyer Dish Network Corp. ... Read full article
Energy Future Holdings Corp.’s creditors signed confidentiality agreements to look at financial information that isn’t public, a step toward bankruptcy, The Wall Street Journal reports . ... Read full article
The Wall Street Journal has more on Detroit residents speaking out to a bankruptcy judge on their fears of not getting full pensions. Read more about the bankruptcy filing of golf-course retirement community Devonshire in Daily Bankruptcy Review . ... Read full article
By Gregory J. Millman ... Read full article
Greg Gilbert/Associated Press In this June 9, 2011, file photo, Heidi Bray, of Olympia, Wash. ... Read full article
Associated Press/Jim Lukoski In this May 12, 1984 file photo, subway commuters point to a poster sporting a caricature of a nearly nude Walter Mondale that promotes the curre ... Read full article
Associated Press American Airlines planes and a US Airways plane at parked at Washington’s Reagan National Airport on Aug. ... Read full article
Syncora Guarantee Inc., the bond insurer caught up in the battle over Detroit’s casino tax revenue, is appealing a bankruptcy judge’s decision that has allowed millions of dollars of those taxes to continue flowing to the city throughout its historic $18 ... Read full article
Patriot Coal Corp. on Friday filed its plan to leave Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review article here . ... Read full article
MSD Performance Inc., which makes performance auto products for street and racing use, on Thursday filed for Chapter 11 protection. Read the DBR Small Cap article here . ... Read full article
Fortress Investment Group LLC’s GateHouse Media Inc., which will be taking over management of the former Dow Jones Local Media Group publications, plans to restructure its $1.2 billion debt load through a prepackaged Chapter 11 bankruptcy filing. Read the ... Read full article
A bankruptcy judge said Longview Power LLC can use its lenders’ cash to fund its bankruptcy case and set up a showdown between the company and a group of contractors over disputed letters of credit. Read the Daily Bankruptcy Review article here . ... Read full article
Eastman Kodak Co. is likely to officially leave bankruptcy Tuesday, USA Today reports . ... Read full article
A federal judge dismissed Bank of America Corp.’s $1.7 billion lawsuit against the Federal Deposit Insurance Corp., a win for the regulator in the long-running battle over who is ultimately on the hook for losses tied to the multibillion-dollar fraud at ... Read full article
This week on The Broke and the Beautiful, Patrick Dempsey sued his business partner, and Sinbad spoke out about his latest bankruptcy filing. Also, DMX got arrested. ... Read full article
National Envelope is seeking bankruptcy-court approval to sell its business to rival Cenveo Inc. for $25 million, while other buyers are stepping in to grab the envelope maker’s leftover assets. Read the Daily Bankruptcy Review article here . ... Read full article