New Cases

The Daily Docket: Berkshire Offered $1 for ResCap Ahead of Bankruptcy

06/18/12

Residential Capital LLC says Warren Buffett’s Berkshire Hathaway Inc. made an offer to buy all of ResCap’s equity for $1 before the mortgage servicer was put into bankruptcy last month. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Irish Boy Band Edition

06/15/12

This week on The Broke and the Beautiful, Westlife singer Shane Filan is crooning the bankruptcy blues, and Stephen Baldwin lost a lawsuit against fellow actor Kevin Costner. Also, Curt Schilling was sued personally for $2.4 million over a loan from Citizens Bank to his failed videogame company.

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The Daily Docket: Schilling’s 38 Studios Enters Bankruptcy

06/08/12

Former Boston Red Sox pitcher Curt Schilling’s videogame company, 38 Studios LLC, filed for Chapter 7 bankruptcy liquidation. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Jumping on the Bankruptcy Bandwagon, Jersey Style

06/06/12
Associated Press
In this Aug.
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The Daily Docket: Barclays Favored in Lehman Trustee Dispute

06/06/12
Getty Images

A judge on Tuesday ruled largely for Barclays PLC in the bank’s ongoing dispute with the trustee unwinding Lehman Brothers Holdings Inc.’s brokerage stemming from Barclays’ 2008 purchase of the brokerage, a decision th

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The Daily Docket: Justice Dept. Takes Aim at Bankruptcy Fees

06/05/12

The Department of Justice’s point man for bankruptcy cases on Monday challenged attorneys’ resistance to his bid to ensure the “extraordinarily large” fees he says they charge are reasonable and warranted Read the Daily Bankruptcy Review story here.

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The Daily Docket: Justice Department Presses Attorneys to Justify Fees

06/04/12
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The Justice Department has grown increasingly restless with attorney fees—often exceeding $1,000 an hour—paid by companies going through a bankruptcy reorganization.

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The Broke and the Beautiful: Heavy Hitters Edition

06/01/12

This week on The Broke and the Beautiful, a judge approved a settlement between the owners of the New York Mets and the trustee recovering money for Bernard Madoff’s fraud victims, and ex-Dodgers owner Frank McCourt is facing a grand-jury investigation. Also, former football great Jamal Lewis has hiked himself to bankruptcy court.

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Plans for Utah Resort Go Up in Flames

06/01/12

People in glass houses shouldn’t live near firing ranges. Unfortunately, developers trying to build the Deer Island Resort along Salt Lake City’s mountain-encrusted perimeter learned that lesson the hard way.

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The Daily Docket: RG Steel Enters Bankruptcy

05/31/12

RG Steel LLC filed for Chapter 11 bankruptcy protection Thursday, days after admitting it was “confronted with an immediate, unexpected liquidity crisis.” Read the Daily Bankruptcy Review article here.

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