Lawsuits

The Daily Docket: ‘Old’ GM Sitting on ‘New’ GM Stock

08/04/11

General Motors’ bankruptcy estate is still holding onto $2.36 billion worth of securities in the reorganized auto maker, meaning old bondholders and other creditors will continue to see payments on top of the nearly $8 billion already received this spring and summer. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Lehman Fight Divides Customers, Creditors

08/03/11

Lehman Brothers Inc. Europe says the trustee winding down its U.S. counterpart could try to block European creditors from recovering $8.9 billion. But allowing such a claim has the potential to dilute recoveries for U.S. customers of Lehman Brothers Holdings Inc.’s brokerage. Read the Daily Bankruptcy Review story here.

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The Daily Docket: Battle Looms Over Dodgers TV Rights

08/02/11

News Corp.’s Fox Sports is protesting the Los Angeles Dodgers’ request to hire Blackstone Group to market the team’s media rights, setting up a potential battle with the broadcaster that, until recently, had been one of embattled owner Frank McCourt’s biggest supporters. Read the Daily Bankruptcy Review story here.

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