News Topic: People

A judge on Tuesday confirmed Lehman Brothers Holdings Inc.’s $65 billion creditor-payment plan, one final major milestone in the investment bank’s record-setting bankruptcy case and a cathartic ending to the collapse that tipped world economies into chaos ... Read full article

The Giant and Stop & Shop supermarket chains are balking at A&P’s deal with its unionized employees to slash wages and benefits, claiming they may be forced to pick up the slack with respect to a multiemployer plan the three chains share. Read the ... Read full article

Newspaper publisher Lee Enterprises Inc. said Friday it’s preparing to file a prepackaged Chapter 11 bankruptcy within the next 10 days as it struggles to refinance its heavy debt load. Read the Daily Bankruptcy Review article here . ... Read full article

This week on The Broke and the Beautiful, the company that hosted Michael Jackson’s memorial concert danced into administration. We also report on a TLC band member falling into bankruptcy and boy-band mogul Lou Pearlman’s bankruptcy trustee’s bad news ... Read full article

Dynegy Inc. appointed a new chairman and said it joined its Dynegy Holdings LLC unit in filing a proposed reorganization plan with the U.S. bankruptcy court. Read the article in Daily Bankruptcy Review. ... Read full article

AMR Corp., the parent company of American Airlines, filed for Chapter 11 protection Tuesday, The Wall Street Journal reports . ... Read full article

Courtesy of Chuck Tatelbaum The breakfast clowns, including Tatelbaum, far left, and wife Kitty Charles “Chuck” Tatelbaum’s gig as a clown in the 85th annual Macy’s Tha ... Read full article

Broadcaster Fox Sports is taking another swing at embattled Los Angeles Dodgers owner Frank McCourt, adding him to a lawsuit on charges of improperly shopping the team’s valuable media rights. Read the Daily Bankruptcy Review article here . ... Read full article

A judge on Thursday approved the transfer of more than 22,000 MF Global Holdings Ltd. brokerage accounts to new dealers, granting an emergency request from the trustee unwinding the company’s brokerage. Read the Daily Bankruptcy Review article here . ... Read full article

Bloomberg Hedge-fund manager David Tepper has a history of profiting from the financial distress of others. It’s made him one of Wall Street’s wealthiest investors. ... Read full article

Lehman Brothers Holdings Inc. reached a deal with the trustee for investors in a complex natural gas deal that fizzled when the investment bank collapsed and its impact was felt from Walt Disney World to the city of Tallahassee, Fla. Read the Daily ... Read full article

This week on The Broke and the Beautiful, we’re going to sing our own praises just a bit. From Toni Braxton’s revelation that bankruptcy worked out “really great” to boy-band creator Lou Pearlman’s settlement with MTV, Bankruptcy Beat was at the forefront ... Read full article

Alabama’s Jefferson County filed for Chapter 9 protection Wednesday evening with more than $3 billion in debt, the largest bankruptcy of its kind, The Wall Street Journal reports . ... Read full article

A bankruptcy judge on Tuesday slashed the amount of money Dynegy Inc.’s holding company can immediately lend to four subsidiaries to keep the entities running during bankruptcy, in light of serious questions raised in court by Dynegy bondholders. Read the ... Read full article

Associated Press George Harrison performs at a concert in London in this 1995 file photo. The sun has come out for liquidators of Borders Group Inc. ... Read full article

Associated Press/Daily Progress Patricia Kluge stands with her husband, Bill Moses. So you missed your chance to bid on Patricia Kluge’s 24,000-square-foot, 45-room cou ... Read full article

Associated Press In this photo provided by NBC Universal, from left, Dina Manzo, Teresa Giudice, Caroline Manzo and Jacqueline Laurita from “The Real Housewives of New Jersey” appear on the “Tod ... Read full article

This week on The Broke and the Beautiful, it looks like the Los Angeles Dodgers are stepping up to be sold, and former outfielder Lenny Dysktra’s going for a knockout. Also this week, another of Bravos’ “Real Housewives” has some bankruptcy-court drama, ... Read full article