People

The Daily Docket: Singapore Fund Makes Offer for Paulson Resort

08/21/12

Singapore’s real-estate investment arm is offering to buy four U.S. luxury resorts from hedge fund Paulson & Co. for $1.5 billion, subject to higher bids at a bankruptcy auction. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Jim Donnan Edition

08/17/12

This week on The Broke and the Beautiful, the SEC accuses former University of Georgia football coach Jim Donnan of running a Ponzi scheme, and Evander Holyfield wants to avoid a knockout in bankruptcy. Also this week, a museum Julia Child helped start is trying to cook up a new beginning.

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Oil, Canvas and a Lawsuit

08/15/12

Inner City Broadcasting Corp. says it’s the victim of a scheme to steal the art right off its walls and is fingering its own bankrupt subsidiary and a group of its senior lenders as the culprits.

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The Daily Docket: Elpida Files Exit Plan

08/14/12

Elpida Memory Inc. bondholders have filed a bankruptcy-exit plan that values the company at $3.85 billion, well over the price rival Micron Technology Inc. has offered to pay for the distressed chip maker. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Family Affair Edition

08/10/12

This week on The Broke and the Beautiful, it’s a family affair. Olympic gold medalist Gabby Douglas’s mom is in bankruptcy, and comedian and actor Russell Brand’s dad just narrowly avoided it. Also, former big leaguer Jose Canseco says bankruptcy can happen to anyone.

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Betsey Johnson to Launch Spring Dress Line

08/08/12
Melanie Cohen

Betsey Johnson fans, take heart—and make that heart hot pink with a punk-rock edge.

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The Daily Docket: Pinnacle Says Shareholders Jeopardized Restructuring

08/08/12

Pinnacle Airlines Corp. is accusing hedge fund and shareholder Meson Capital Partners LP of putting its reorganization at risk in order to squeeze value out of shares that are expected to be worthless. Read the Daily Bankruptcy Review article here.

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ResCap Examiner Bill Could Reach $36M

08/07/12

The bill for former bankruptcy judge Arthur J. Gonzalez’s probe into mortgage lender Residential Capital LLC’s dealings with its government-owned parent, Ally Financial Inc., could reach $36 million.

That’s the high estimate for the team of investigators and lawyers Gonzalez has assembled (which includes high-priced legal talent from Chadbourne & Parke and advisers from Mesirow Financial Consulting), according to bankruptcy filings.

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IRS Sells Young Buck Assets…to Young Buck?

07/31/12

The Internal Revenue Service brought in $53,000 from last week’s auction of Young Buck’s belongings, but the Internet is lighting up with the tax-delinquent rapper’s claims that he bought back some of the goods himself.

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The Daily Docket: Solyndra Debuts Exit Plan

07/31/12

Failed solar power equipment maker Solyndra LLC has sketched out its Chapter 11 plan and, as expected, there’s bad news for U.S. taxpayers: Estimates are $24 million of a $527 million government loan will be repaid, and that’s not a sure thing. Read the Daily Bankruptcy Review article here.

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