New Cases

A Fortress Investment Group LLC affiliate won the bidding at Tuesday’s auction of the Montreal, Maine & Atlantic Railway Ltd., which was involved in a deadly crash this past summer. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Hedge-fund manager Philip Falcone, whose Harbinger Capital Partners holds a majority stake in LightSquared, testified Thursday that he didn’t know Dish Network Corp. Chairman Charles Ergen was behind a series of LightSquared debt purchases that are at the heart of an ongoing trial.

Edgenet Inc. filed for Chapter 11 bankruptcy protection Tuesday in an effort to safeguard the planned sale of the company during a fight among creditors, who are battling over how to split up the proceeds. Read the Daily Bankruptcy Review article here.

Sixt Rent-a-Car LLC is appealing Advantage Rent a Car’s sale to Catalyst Capital Group Inc. after arguing that it should have won the bidding at last month’s auction. Read the Daily Bankruptcy Review article here.

This week on The Broke and the Beautiful, Eddie Montgomery is rolling with bankruptcy and so is the chairman of a far-right political party in Britain. Also, a lawsuit against film financier David Bergstein was dismissed.