News

UPDATE 1-Guggenheim to buy LA Dodgers for $2 bln - Reuters

03/27/12

when Major League Baseball and McCourt ended litigation and agreed to a sale of the team supervised by the bankruptcy court that has overseen it since June. The sale is being conducted by Blackstone Group and McCourt. Major League Baseball is ...

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Getty Realty Corp. Provides Update - Yahoo Finance

03/27/12

Getty Realty Corp. (NYSE-GTY) (“Getty” or the “Company”) today announced it entered into a Stipulation relating to the Chapter 11 bankruptcy proceeding initiated by Getty Petroleum Marketing (“Marketing”). The Stipulation is between ...

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Magic Johnson Team Wins LA Dodgers with $2 Billion Bid - Hollywood Reporter

03/27/12

The sale shatters the previous record price for a U.S. sports team of $1.1 billion for the Miami Dolphins three years ago. Former Los Angeles Lakers superstar Magic Johnson and partners have won the bankruptcy court auction for the Los Angeles Dodgers ...

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7 Leadership Lessons From Steve Jobs - Motley Fool

03/27/12

After all, we're talking about a guy who resurrected a company that was literally a fiscal quarter away from bankruptcy and proceeded to grow it into the largest company in the world by market cap. In the most recent issue of Harvard Business ...

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Contract Between PPL and Southern Montana Rejected - KFBB NewsChannel 5

03/27/12

More news in the Southern Montana bankruptcy case; according to court documents, a contract between PPL Energy Plus and Southern Montana Electric Generation and Transmission will end this Sunday. Officials in Great Falls say it is a little too ...

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Filene’s Basement could be resurrected in some form through upcoming bankruptcy auction - Wicked Local (blog)

03/27/12

As part of the Filene’s Basement/Syms bankruptcy, the companies’ trademarks (including the “Running of the Brides”) and other intellectual property assets (including customer lists) are being put up for sale. Needham-based Hilco ...

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Court Filings Show Howrey Trustee Weighing Claims Against Former Firm Partners - Law.com

03/27/12

and he may not like what he sees, according to recent court filings. Howrey bankruptcy trustee Allan Diamond is taking a hard look at the work performed by a committee of former Howrey partners responsible for winding down the firm's affairs in the wake of ...

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American Airlines seeks to void labor contracts - msnbc.com

03/27/12

The bankruptcy law provides a process for the court to address ... and the disclosure of which could harm ," the company said in its filing. American wants to slash overall costs by $2 billion annually. More than half of the savings would come from ...

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REAL ESTATE: Judge approves Grubb & Ellis sale - Riverside Press Enterprise

03/27/12

A judge federal has approved the sale of commercial real estate brokerage firm Grubb & Ellis, a development that is expected to speed the company’s emergence from bankruptcy. New York City-based BGC Partners stands to acquire “substantially ...

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Dodgers sale: MLB approves all three final bidders - Los Angeles Times

03/27/12

But if the auction drives the sale price so high that the winning bidder must add significant debt to finance the purchase, MLB retains the right to review the financial structure. Once McCourt picks a winner, he must get U.S. Bankruptcy Court ...

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