News

Ruling moves Tribune closer to bankruptcy exit - Yahoo Finance

04/10/12

That could blunt one line of attack against the company's bankruptcy plan, which could once again come under fire from noteholders when Carey is asked to approve it at a June 7 hearing. "This puts us on a flight path to successful emergence ...

[more]

Dodgers ask court to keep sealed an element of sale - KTLA.com

04/10/12

The lots are owned by a McCourt entity that was not part of the bankruptcy filing, and so Dodgers attorneys have said details of the joint venture need not be disclosed in Bankruptcy Court. Sign up for KTLA 5 Breaking News Email Alerts The ...

[more]

Hostess execs find their paychecks have less filling - Houston Chronicle

04/10/12

After creditors accused Hostess Brands of padding executive salaries ahead of the company’s Chapter 11 bankruptcy filing, the maker of Twinkies and Ding Dongs has roll back the pay packages — at least for now. Gregory Rayburn, a restructuring expert ...

[more]

Tribune Judge Rules on Distribution Rights Under Reorganization - Bloomberg

04/10/12

The Chicago-based newspaper and television company filed for bankruptcy one year after the buyout led by real-estate billionaire Sam Zell. The bankruptcy case is In re Tribune Co., 08-bk-13141, U.S. Bankruptcy Court, District of Delaware (Wilmington).

[more]

Dodgers ask court to keep sealed an element of sale - Boston Herald

04/10/12

The lots are owned by a McCourt entity that was not part of the bankruptcy filing, and so Dodgers attorneys have said details of the joint venture need not be disclosed in Bankruptcy Court. The absence of details such as how McCourt might be ...

[more]

Dodgers ask court to keep sealed an element of sale - Boston Herald

04/10/12

U.S. Bankruptcy Judge Kevin Gross is set to hear the matter Friday, as part of a hearing in which he is expected to approve the sale of the team. Frank McCourt has agreed to sell the Dodgers to Guggenheim Baseball Management for $2.15 billion ...

[more]

Medical center files for Chapter 11 bankruptcy - Standard Speaker

04/10/12

FOUNTAIN SPRINGS - Saint Catherine's Hospital of Pennsylvania, LCC, the owner of Saint Catherine Medical Center Fountain Springs, filed for relief under Chapter 11 of the U.S. Bankruptcy Code on Monday. Attorney William G. Schwab, Lehighton, has ...

[more]

Why athletes go broke: Too much spending, little liquidity - USA Today

04/10/12

according to a Chapter 7 bankruptcy filing in Fort Lauderdale, Fla. Other former athletes who have run into financial difficulty of late include Allen Iverson, Arantxa Sanchez Vicario and Lenny Dykstra. "These people are going broke for three ...

[more]

AOL sells 800 patents, achieving what Kodak is trying to do - Democrat and Chronicle

04/10/12

The assumption that Kodak will be able to realize such a windfall helped the company secure $950 million in financing so it could continue operating while in Chapter 11 bankruptcy. Any money from Kodak’s intellectual property sale would go ...

[more]

AOL sells 800 patents, achieving what Kodak is trying to do - Democrat and Chronicle

04/10/12

The assumption that Kodak will be able to realize such a windfall helped the company secure $950 million in financing so it could continue operating while in Chapter 11 bankruptcy. Any money from Kodak’s intellectual property sale would go ...

[more]