International

The Daily Docket: Caesars Hit by Another Lawsuit

09/04/14

Caesars Entertainment Operating Co. was hit by another investor lawsuit Wednesday, this time by bondholders that say the casino giant recently worked out a “backroom” deal to aid one group of creditors and hurt others. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Detroit Makes Its Case

09/03/14

After more than a year in bankruptcy court, the city asked a federal judge Tuesday for the final blessing of its plan to slash $7 billion in debt and get on the road to solvency, The Wall Street Journal reports.

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The Daily Docket: Detroit’s Bankruptcy-Exit Hearing Gets Underway

09/02/14

The nation’s largest municipal-bankruptcy case is set for a showdown trial starting Tuesday, pitting the city’s emergency manager against holdout creditors seeking billions in payouts, The Wall Street Journal reports.

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The Daily Docket: Lehman Eyes Sale of Unsecured Claim

08/29/14

Lehman Brothers Holdings Inc. said Thursday that it may seek to sell off some of a multibillion-dollar bankruptcy claim that the failed investment bank holds against its U.S. brokerage arm. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: MF Global Suit Against PwC Can Go Forward

08/28/14

A judge Wednesday said most of MF Global Holdings Ltd.’s $1 billion lawsuit against PricewaterhouseCoopers LLP over alleged bad accounting advice can go forward. Read the Daily Bankruptcy Review article here.

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The Daily Docket: BofA and FDIC Settle Failed Bank Suits

08/22/14

The Federal Deposit Insurance Corp. and Bank of America Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy Review story in The Wall Street Journal.

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The Daily Docket: Lehman Brokerage Appeals Barclays Ruling

08/21/14

Lehman Brothers Holdings Inc.’s brokerage is asking a U.S. court to reconsider its ruling affirming Barclays PLC’s right to billions of dollars in disputed assets, saying the decision throws into question the integrity of bankruptcy sales. Read the Daily Bankruptcy Review story in the Wall Street Journal. 

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The Daily Docket: Asarco Wins Latest Round Against India’s Sesa Sterlite

08/20/14

India’s Sesa Sterlite Ltd. has lost a bid to block a bankruptcy-court order requiring it to pay an $82.75 million judgment stemming from its failed attempt to acquire Asarco LLC, a U.S.-based copper miner. Read Peg Brickley’s story in the Daily Bankruptcy Review.

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The Daily Docket: Daehan Shipbuilding Seeks U.S. Bankruptcy Protection

08/19/14

Daehan Shipbuilding Co. Ltd. filed for Chapter 15 bankruptcy protection Monday in New York, seeking to shield its U.S. assets from efforts to collect a $54.5 million judgment. Read the story in the Daily Bankruptcy Review. 

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