International

The Broke and the Beautiful: Pop Music Edition

12/02/11

This week on The Broke and the Beautiful, the company that hosted Michael Jackson’s memorial concert danced into administration. We also report on a TLC band member falling into bankruptcy and boy-band mogul Lou Pearlman’s bankruptcy trustee’s bad news for Ponzi-scheme victims.

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The Daily Docket: Dynegy Holdings Files Exit Plan

12/02/11

Dynegy Inc. appointed a new chairman and said it joined its Dynegy Holdings LLC unit in filing a proposed reorganization plan with the U.S. bankruptcy court. Read the article in Daily Bankruptcy Review.

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The Daily Docket: Judge Slashes Dynegy Loan Money

11/09/11

A bankruptcy judge on Tuesday slashed the amount of money Dynegy Inc.’s holding company can immediately lend to four subsidiaries to keep the entities running during bankruptcy, in light of serious questions raised in court by Dynegy bondholders. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Dish Closer to Owning TerreStar, DBSD

11/07/11

Dish Network Corp. is a giant step closer to owning TerreStar Networks Inc. and DBSD North America Inc., after settling a long legal fight with Sprint Nextel Corp. over a satellite-licensing agreement. Read the Daily Bankruptcy Review article here.

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The Daily Docket: MF Global Enters Chapter 11

10/31/11

Brokerage firm MF Global filed for Chapter 11 protection Monday. The Wall Street Journal has details regarding a deal the company was negotiating Sunday to sell its assets to Interactive Brokers Group, said a person familiar with the matter.

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The Daily Docket: Innkeepers Exits Bankruptcy

10/28/11

Innkeepers USA Trust on Thursday said it has closed its $1.02 billion sale of 64 hotels to Cerberus Capital Management LP, the last step in the hotelier’s emergence from Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Innkeepers Sale Approved

10/24/11

A judge Friday approved a lower-priced sale of Innkeepers USA Trust’s hotels to private-equity firm Cerberus Capital Management LP, putting the hotelier’s bankruptcy exit back on track after nearly two months of hiccups. Read the Daily Bankruptcy Review article here.

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Energy Department Fights to Keep Solar Patents in U.S. Hands

10/10/11

The U.S. Department of Energy wants to prevent one of Evergreen Solar Inc.’s solar panel manufacturing techniques from ending up in the hands of its Chinese competitors—a group that’s blamed for crippling the U.S. renewable-energy market.

Agency officials want to place a legal grip on Evergreen Solar’s patented technology, which is destined for the bankruptcy auction block along with the rest of the Massachusetts solar-panel company’s factory equipment.

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The Daily Docket: Kodak Hires Restructuring Lawyers

10/03/11

Eastman Kodak Co. has hired Jones Day as restructuring attorneys, The Wall Street Journal reports. The 131-year-old company is tackling investor worries but says it doesn’t intend to file for bankruptcy.

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The Daily Docket: Graceway Enters Bankruptcy

09/29/11

Graceway Pharmaceuticals LLC filed for Chapter 11 bankruptcy protection Thursday, one day after announcing its plans to seek a sale of its assets to Galderma S.A. Read the Daily Bankruptcy Review article here.

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