Restructuring

The Broke and the Beautiful: Superhero Edition

08/30/13

This week on The Broke and the Beautiful, Detroit is getting some superheroes. Also, Girls Gone Wild founder Joe Francis earned some jail time, and well-wishers are putting together a legal defense fund for Teresa and Joe Giudice.

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The Daily Docket: Detroit Leaders Working to Secure Loan

08/30/13

Detroit lawyer Corinne Ball said that city leaders are “working mightily” to secure a loan. Read the Daily Bankruptcy Review article here.

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Dance Center Seeks Help Keeping Doors Open

08/29/13

Dance New Amsterdam, a nonprofit New York dance education and performance center, said it will close its doors for good if it doesn’t raise $50,000 by Friday.

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The Daily Docket: San Bernardino Wins Chapter 9 Eligibility

08/29/13

The city of San Bernardino, Calif., won approval to restructure in Chapter 9 bankruptcy protection, The Wall Street Journal reports.

A bankruptcy judge Wednesday confirmed K-V Pharmaceutical Co.’s Chapter 11 restructuring plan, which is based on a $275 million investment deal with a group of its junior bondholders. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Judge Tosses BofA Suit Against FDIC

08/28/13

A federal judge dismissed Bank of America Corp.’s $1.7 billion lawsuit against the Federal Deposit Insurance Corp., a win for the regulator in the long-running battle over who is ultimately on the hook for losses tied to the multibillion-dollar fraud at disgraced lender Taylor Bean & Whitaker Mortgage Corp. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Sues SAP Founder

08/26/13

Lehman Brothers Holdings Inc. is suing two entities controlled by German entrepreneur Klaus Tschira in a bid to recover 100 million euros Lehman says was transferred to one of his investment vehicles one business day before Lehman’s 2008 bankruptcy filing. Read the Daily Bankruptcy Review article here.

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The Daily Docket: National Envelope Seeks Sale Approval

08/23/13

National Envelope is seeking bankruptcy-court approval to sell its business to rival Cenveo Inc. for $25 million, while other buyers are stepping in to grab the envelope maker’s leftover assets. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Appellate Panel Sides With Patriot in Benefits Fight

08/22/13
Associated Press
UMWA International President Cecil Roberts (left) holds had with supporters.
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The Daily Docket: Kodak Exit Plan Approved

08/21/13
Jim Rydbom/Associated Press
Kodak Colorado Division Building C-29

Eastman Kodak Co. was cleared Tuesday to emerge from bankruptcy court, putting a bookend on an American ric

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The Daily Docket: Furniture Brands Taps Restructuring Advisers

08/20/13

Furniture Brands International Inc., one of the nation’s largest home furniture makers, has tapped restructuring lawyers and advisers to deal with its debt load, people familiar with the matter said. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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