News Topic: International

Alabama’s top court ruled that the state’s struggling cities and counties have the power to file for Chapter 9 bankruptcy protection, a decision that largely frees the state’s most populous metropolitan area to move ahead with its five-month-old ... Read full article

Agence France-Presse/Getty Images The judge charged with determining whether Hostess Brands Inc. ... Read full article

Agence France-Presse/Getty Images Hostess Brands Inc.’s chief executive says the contentious battle over union pension plans has become a “gate-keeping issue” in the case that ... Read full article

While not necessarily predicting a bust to Brazil’s boom, a budding group of turnaround professionals in the South American nation are getting ready for what they see as an inevitable shakeup. An abundant supply of credit over the past decade, a loss of ... Read full article

Jefferson County, Ala., is worried that it could be exposed to another multimillion-dollar debt on a lawsuit with Wall Street bond insurers. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

In a news release, Pinnacle Airlines Corp.  says that it and its subsidiaries have filed for Chapter 11 bankruptcy protection. ... Read full article

According to The Wall Street Journal , investigators are probing whether a $175 million transfer from an MF Global Holdings Ltd. customer account three days before the firm’s bankruptcy may have run afoul of Securities and Exchange Commission and CME ... Read full article

A group led by basketball star Magic Johnson won the Los Angeles Dodgers at a bankruptcy auction Tuesday, The Wall Street Journal reports . ... Read full article

Many companies that collapse under bankruptcy-court reorganization are leaving behind small pools of money—and no one knows what to do with them. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

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 ... Read full article

Lehman Brothers Holdings Inc. on Tuesday officially emerged from Chapter 11 bankruptcy protection after nearly 3 1/2 years and said creditors of the investment bank will start getting paid next month. Read the Daily Bankruptcy Review article via The Wall ... Read full article

The U.K. Supreme Court said Wednesday that billions of dollars in client cash belongs to customers of Lehman Brothers Holdings Inc.’s U.S. brokerage whether it was properly segregated or not, a win for customers of Lehman’s U.S. unit and the trustee ... Read full article

A company controlled by real-estate mogul Donald Trump is set to buy the Doral Golf Resort & Spa in Miami out of Chapter 11 protection and prepare it for a massive renovation after no other bidders stepped up to challenge its $150 million offer for ... Read full article

A bankruptcy judge cleared the Los Angeles Dodgers to advance their plan for a new owner to take the ball club out of Chapter 11. Read the Daily Bankruptcy Review article here . ... Read full article

The trustee supervising the liquidation of MF Global Holdings’ brokerage on Friday said that more than $1.6 billion in customer cash remains out of his grasp, more than previously estimated. Read the Daily Bankruptcy Review article here . ... Read full article

Saab Cars North America said it will file for Chapter 11 protection in Michigan, a move that comes a little more than a week after some of its dealerships sought to push the Swedish auto maker’s U.S. unit into bankruptcy proceedings in Delaware. Read the ... Read full article

Great Atlantic & Pacific Tea Co. on Monday laboriously moved closer to final approval of its plan to exit what has been an equally laborious bankruptcy, with the company continuing to satisfy objections and a judge beginning to overrule others. Read ... Read full article

A judge Thursday cleared Hostess Brands Inc. to borrow the entirety of its $75 million bankruptcy loan, siding with the maker of Twinkies and Wonder Bread over protests from unsecured creditors who warned the financing deal would drive the company toward ... Read full article