Blackstone’s Bankruptcy Auction ‘Misstatement’
Private equity firm Blackstone Group LP won an auction for a Texas power plant earlier this week with $126 million offer—and then tried to take it back. ... Read full article
Private equity firm Blackstone Group LP won an auction for a Texas power plant earlier this week with $126 million offer—and then tried to take it back. ... Read full article
Melanie Cohen Since emerging last week as Crumbs Bake Shop ... Read full article
Energy Future Holdings Corp. insiders took nearly $46 million out of the company in the 12 months leading up to its April 29 bankruptcy filing, new court records show . ... Read full article
Energy Future Holdings Corp. weathered its debut bankruptcy-court hearing on Thursday, clearing a few essential early motions at a session that made it apparent the energy company faces opposition to its restructuring strategy. Read Peg Brickley’s story ... Read full article
The owner of popular Capitol Hill eating spots like Hawk ‘n’ Dove, Senart’s Oyster House and The Chesapeake Room heads to court today for its first bankruptcy appearance. The restaurant operator has a 2 p.m. hearing in front of Bankruptcy Judge S. Martin ... Read full article
The owner of popular Capitol Hill eating spots like Hawk ‘n’ Dove, Senart’s Oyster House and The Chesapeake Room heads to court today for its first bankruptcy appearance. The restaurant operator has a 2 p.m. hearing in front of Bankruptcy Judge S. Martin ... Read full article
According to The Wall Street Journal , Centerbridge Partners LP reached a tentative deal to buy LightSquared out of Chapter 11, possibly trumping a bid by Dish Network Corp. ... Read full article
According to The Wall Street Journal , Centerbridge Partners LP reached a tentative deal to buy LightSquared out of Chapter 11, possibly trumping a bid by Dish Network Corp. ... Read full article
Vintner Richard Sanford may have found the ingredient that will keep the wine flowing at his Alma Rosa Winery & Vineyards: EnCap Investments LP’s Robert Zorich. Mr. Zorich has offered to purchase the Santa Ynez Valley, Calif., property for $1.7 ... Read full article
Phil Falcone’s Harbinger Capital Partners LLC sued Dish Network Corp.Chairman Charlie Ergen for fraud, accusing him of secretly acquiring the debt of LightSquared Inc. in order to take control of the telecommunications firm and its wireless spectrum ... Read full article
Jefferson County, Ala., leaders voted Tuesday to accept a debt-settlement plan that will dramatically slash the $3.1 billion owed on its sewer system and allow the struggling county to get out of bankruptcy. Read the Daily Bankruptcy Review article here . ... Read full article
Ally Financial Inc. said Tuesday it reached an agreement with its mortgage subsidiary Residential Capital LLC that could help accelerate its efforts to get out from government ownership. Read the Daily Bankruptcy Review article here . ... Read full article
Residential Capital LLC is suing a group of junior bondholders to block them from wresting control of the subprime mortgage lender’s bankruptcy case. Read the Daily Bankruptcy Review article here . ... Read full article
European Pressphoto Agency Lehman Brothers Holdings Inc. ... Read full article
Eastman Kodak Co. reached a deal to hand over its “personalized imaging” and “document imaging” businesses to U.K. retirees, The Wall Street Journal reports . ... Read full article
Agence France-Presse/Getty Images A judge on Tuesday approved three measures that will together allow billions of dollars to be returned to customers of Lehman Brothers Holdings Inc.’s collapsed brokerage, and soon. ... Read full article
Reuters A team of private-equity firms, Apollo Global Management LLC and C. ... Read full article
European Pressphoto Agency Eastman Kodak Co. ... Read full article
Edison International 's Edison Mission Energy has filed for Chapter 11 bankruptcy protection after reaching a settlement with Edison International and certain of its senior unsecured noteholders. Read the article in Daily Bankruptcy Review . ... Read full article
The Republic/Associated Press The bankruptcy judge for Hostess Brands Inc. asked it and its bakers union to mediate. ... Read full article