Four hedge funds accused of insider trading in Washington Mutual Inc.’s bankruptcy case are appealing a ruling that denied confirmation of the company’s Chapter 11 plan and found they could be held to account to shareholders for alleged improper behavior. ... Read full article
A maker of sweet treats for Scots may face a sour fate. Confectioner New McCowans Ltd., which makes Highland Toffee bars, Wham chew bars and Bonbons chewy candies, has gone into administration, according to the BBC . ... Read full article
Bloomberg News Pedestrians pass the Borders Group Inc. ... Read full article
New York hedge-fund manager Centerbridge Credit Advisors LLC is objecting to Lehman Brothers Holdings Inc.’s liquidation plan, saying among other things that some of its claims are being treated less favorably than they should be. Read the Daily ... Read full article
The federal appeals court in San Francisco sided with Lehman Brothers Holdings Inc., finding that California real-estate developer SunCal can’t push the failed investment bank’s debt below that of other creditors without the permission of the judge ... Read full article
As liquidators work to clear books from its retail shelves, Borders Group Inc. is preparing for a sale that could enable the bookseller’s brand to live on even after its stores go dark. Read the Daily Bankruptcy Review article here . ... Read full article
The European unit of Tokio Marine Holdings Inc., Japan’s biggest nonlife insurer, sought creditor protection in the U.S. to complete the wind-down of its London reinsurance business. Read the Daily Bankruptcy Review story here . ... Read full article
Creditors have pulled the plug on Norway electric-car maker Think Global AS. Think , which was once property of Ford Motor Co., filed for a form of bankruptcy in its home country and will have a court-appointed trustee take over management of the company, ... Read full article
A judge on Wednesday gave Borders Group Inc. the go-ahead on an aggressive schedule that the bookseller hopes will result in a bidder for its remaining assets emerging by July 1 and a transaction closing by the end of July, as the bookseller looks to keep ... Read full article
Aurelius Capital Management, one of the big hedge funds accused of benefiting from insider trading in the bankruptcy case of Washington Mutual Inc., says it’s the victim of a “shakedown” by the committee representing aggrieved investors. Read the Daily ... Read full article
Las Vegas casino operator Station Casinos LLC on Friday emerged from Chapter 11 bankruptcy protection controlled by the company’s founding Fertitta family, ending a nearly two-year restructuring odyssey. Read the Daily Bankruptcy Review story here . ... Read full article
