People

Lawyers for Dish Network Corp. Chairman Charlie Ergen and Phil Falcone squared off in front of LightSquared’s bankruptcy judge Thursday, for the first time since Mr. Falcone sued Mr. Ergen over allegedly improper purchases of LightSquared’s debt. Read the Daily Bankruptcy Review article here.

Ambulance company Rural/Metro Corp. filed for Chapter 11 bankruptcy protection on Sunday after striking a deal with lenders to trim its debt load. Read the Daily Bankruptcy Review article via The Wall Street Journal.

The lawyers who’ve tried to calm the storm surrounding Girls Gone Wild have reached a deal with casino kingpin Steve Wynn, whose attempt to squeeze more than $30 million out of the adult-entertainment producer’s companies led them to file for bankruptcy earlier this year.

But not so fast, says Tamara Favazza, who is owed nearly $6 million from a lawsuit she filed after she was exposed in one of the company’s DVDs, according to papers filed with the U.S. Bankruptcy Court in Los Angeles.

Dish Network Corp. Chairman Charlie Ergen stands to make hundreds of millions of dollars in profits personally if Dish’s bid for wireless telecommunications firm LightSquared succeeds, court records and people familiar with the situation say.

Poised to break pension promises to more than 23,500 retired city workers, cops and firefighters, Detroit’s bankruptcy attorneys said that those retirees deserve an official committee to speak for them as the 686,000-resident city struggles to unload labor costs in order to survive. Read the Daily Bankruptcy Review article here.