International

The Daily Docket: Lehman Balks at J.P. Morgan’s Bid to Block ‘Whale’ Probe

03/13/13
dapd

The sniping over Lehman Brothers Holdings Inc.’s attempt to question the trader known as the “London Whale” over derivatives hedges resumed Tuesday, with the failed investment bank criticizing what it says

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The Daily Docket: Hostess Gets No Rival Cake Bids

03/12/13
Reuters
The last remaining boxes of Twinkies on display at a Jewel-Osco grocery store in Chicago on Dec. 11, 2012.

Hostess Brands Inc.

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The Daily Docket: Geokinetics Enters Bankruptcy

03/11/13

Geokinetics Inc. , which gathers and analyzes data for oil and gas companies, filed for Chapter 11 bankruptcy protection after reaching a deal with its creditors on a plan to restructure its debt. Read the Daily Bankruptcy Review article here.

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The Daily Docket: ResCap Wins Exclusivity Extension

03/06/13

A judge on Tuesday gave Residential Capital LLC 60 days from now to file a restructuring plan without having to worry about rival proposals, as the company seeks to settle the complex issues surrounding its bankruptcy case. Read the Daily Bankruptcy Review article here.

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The Daily Docket: ResCap Looks to Keep Control of Bankruptcy

03/05/13

Ally Financial Inc. mortgage subsidiary Residential Capital LLC said bondholders wishing to file their own reorganization plan just want the Chapter 11 case to become one “replete with competing plans and open warfare.” Read the Daily Bankruptcy Review article here.

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The Daily Docket: Vitro Reaches Deal to Conclude Restructuring

03/04/13

Mexican glass manufacturer Vitro SAB said Monday that it has reached an agreement with nonconsenting creditors that will put an end to two years of litigation and allow the company to conclude its debt restructuring. Read the article in Daily Bankruptcy Review.

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The Daily Docket: J.P. Morgan Balks at Lehman Lehman Bid to Question ‘London Whale’

03/01/13

J.P. Morgan Chase & Co. is balking at Lehman Brothers Holdings Inc.’s efforts to question the trader known as the “London Whale” over derivatives trades, saying the failed investment bank is on a speculative fishing expedition meant to harass the bank in connection with the long-running litigation involving the two companies. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Bimbo Challenges Bid for Hostess Brand

02/28/13

Mexican bakery giant Grupo Bimbo SAB de CV is challenging a $30 million bid from one of its biggest rivals for Hostess Brands Inc.’s Beefsteak rye brand. Read the Daily Bankruptcy Review article here. Here’s a WSJ video discussion on the bidding process and the company’s clash with unions.

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The Daily Docket: AMR, US Airways Defend Merger

02/27/13
Associated Press

American Airlines and US Airways Group Inc.

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The Daily Docket: School Specialty Wins Loan Approval

02/26/13

School Specialty Inc. won court approval to draw $129 million of a rival bankruptcy loan that gives the education supply company more time and flexibility in its Chapter 11 restructuring Read the Daily Bankruptcy Review article here.

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