News

Dodger’s bankruptcy sale could be approve by Friday - Transworld News

04/11/12

Despite some objections by Fox Sports and the MLB, sources say that a bankruptcy judge is likely to approve the sale of the Dodgers as early as Friday. Fox and the MLB expressed some minor concerns about the sale of the Dodgers on Tuesday, but ...

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Dodger’s bankruptcy sale could be approve by Friday - Transworld News

04/11/12

Despite some objections by Fox Sports and the MLB, sources say that a bankruptcy judge is likely to approve the sale of the Dodgers as early as Friday. Fox and the MLB expressed some minor concerns about the sale of the Dodgers on Tuesday, but ...

[more]

Sam Zell Officially at the Bottom of Tribune Creditor List - Mediabistro.com

04/11/12

U.S. Bankruptcy Judge Kevin Carey ruled today that Sam Zell is ... From the Wall Street Journal: Mr. Zell put only $315 million of his own money at risk in the deal. In recent litigation, his investment venture attempted to get equal footing with other ...

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Footing the Bill for MF Global’s Lawyers - New York Times

04/11/12

The bankruptcy trustee for MF Global ... is one of a small handful of lawyers who have led the civil litigation against News Corporation over suspected phone hacking. A $500 million undersea cable connecting the country to the rest of the ...

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Direct Air fights liquidation while Kalamazoo Airport seeks new carriers - MLive.com

04/11/12

The public charter, which abruptly suspended all flights in March before filing for Chapter 11 protection, is seeking new investors and fighting a motion to convert its voluntary bankruptcy filing into an involuntary liquidation, according to ...

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Lehman plans $22.5 bln payout to creditors - Reuters

04/11/12

Lehman, which ended the largest-ever Chapter 11 bankruptcy in March, will begin making payments April 17, it said in a statement on Wednesday. That date coincides with a tentative payout schedule announced last month. The company said in the ...

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HemCon files for Chapter 11 bankruptcy - The Business Journal

04/11/12

The ruling, provided by a 10-judge panel of the U.S. Federal Circuit Court, was handed down after six years of litigation with Massachusetts ... HemCon’s Chapter 11 petition, filed in the U.S. Bankruptcy Court for Oregon, states the company ...

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Jefferson County Hospital Turns to Bankruptcy Judge for Help - Wall Street Journal

04/11/12

The battle over Jefferson County’s hospital for the poor has spilled over into its Chapter 9 bankruptcy case, illuminating another financial hardship facing Alabama’s biggest county. Against threats that the 319-bed facility may one day ...

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Judge orders Myrtle Beach-based Direct Air to liquidate assets - SCNow

04/11/12

MYRTLE BEACH, SC - A U.S. bankruptcy judge granted a motion Wednesday to convert Direct Air's bankruptcy case to Chapter 7. That means the air carrier must liquidate its assets to pay back its debts. Judge Melvin Hoffman granted the motion in a ...

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Lehman Creditors to Get $22.5 Billion, 53% Over Top Estimate - Bloomberg

04/11/12

Lehman, which filed the biggest bankruptcy in U.S. history in September 2008, had said it could give creditors $12 billion to $14.7 billion initially on April 17, depending on how much cash it needs to keep in reserve for disputed claims.

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