People

The Daily Docket: Detroit to Make Case for Bankruptcy Eligibility

10/23/13

Detroit’s ready to make a case for its bankruptcy eligibility Wednesday, The Wall Street Journal reports.

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DMX in Hot Water with Bankruptcy Watchdog

10/22/13
Stephen Lovekin/Getty Images
DMX performs onstage at the 2009 VH1 Hip Hop Honors at the Brooklyn Academy of Music on Sept.
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The Daily Docket: Lehman Australia Creditors Approve $48M Settlement

10/22/13

Creditors of Lehman Brothers Holdings Inc.’s Australian unit have approved a $48 million settlement with a group of insurers over claims the investment bank misled a group of towns, charities and churches into buying risky securities backed by U.S. mortgages. Read the Daily Bankruptcy Review article via MoneyBeat.

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The Daily Docket: NRG to Buy Edison Mission

10/21/13

Electricity producer NRG Energy Inc. is set to buy Edison Mission for $2.6 billion, The Wall Street Journal reports.

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The Broke and the Beautiful: Up in Arms Edition

10/18/13

This week on The Broke and the Beautiful, Mickey Rooney’s stepson admitted to taking $2.8 million from his stepfather. Also, Ozzy Osbourne’s oldest child is occupying his brain with bankruptcy.

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The Daily Docket: LightSquared Losses Rise to More Than $934M

10/18/13

LightSquared lost $55.5 million in September, bringing the wireless satellite company’s losses since filing for bankruptcy to more than $934 million. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Comcast Argues for CSN Houston Bankruptcy

10/17/13

Comcast Corp. urged a Texas bankruptcy judge to allow CSN Houston, the television network that broadcasts Houston Astros baseball games and Houston Rockets basketball games, to stay in bankruptcy, arguing the dismissal of its case would empower the Astros owner to yank its media rights agreement with the network. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Ross Sees Bankruptcy as Venue for Bank Acquisitions

10/16/13
Peter Foley/Bloomberg News
Wilbur Ross

Wilbur Ross, whose Talmer Bancorp has agreed to invest $97 million to take over Capitol Bancorp’s stakes in its fo

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The Broke and the Beautiful: MLB Edition

10/04/13

This week on The Broke and the Beautiful, a fight involving 38 Studios is back in play. Also, the owner of the Houston Astros is fighting Comcast’s bid to control CSN Houston.

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U.S. Judge Orders Irish Developer to Open Books

10/04/13

A Connecticut bankruptcy judge has ordered Sean Dunne, once one of Ireland’s biggest property developers, to open his books to a U.S. bankruptcy trustee saying he can’t hide behind Irish family law to avoid answering questions about his finances.

Judge Alan H.W. Shiff of the U.S. Bankruptcy Court in Bridgeport, Conn., in a ruling Thursday, said Mr. Dunne must turn over his financial records to Richard Coan, the bankruptcy trustee overseeing the developer’s Chapter 7 case, and to testify under oath to his Irish creditors.

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