Restructuring

The Daily Docket: J.P. Morgan Balks at Lehman Lehman Bid to Question ‘London Whale’

03/01/13

J.P. Morgan Chase & Co. is balking at Lehman Brothers Holdings Inc.’s efforts to question the trader known as the “London Whale” over derivatives trades, saying the failed investment bank is on a speculative fishing expedition meant to harass the bank in connection with the long-running litigation involving the two companies. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Bimbo Challenges Bid for Hostess Brand

02/28/13

Mexican bakery giant Grupo Bimbo SAB de CV is challenging a $30 million bid from one of its biggest rivals for Hostess Brands Inc.’s Beefsteak rye brand. Read the Daily Bankruptcy Review article here. Here’s a WSJ video discussion on the bidding process and the company’s clash with unions.

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The Daily Docket: AMR, US Airways Defend Merger

02/27/13

: Associated Press

American Airlines and US Airways Group Inc.

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The Daily Docket: School Specialty Wins Loan Approval

02/26/13

School Specialty Inc. won court approval to draw $129 million of a rival bankruptcy loan that gives the education supply company more time and flexibility in its Chapter 11 restructuring Read the Daily Bankruptcy Review article here.

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The Daily Docket: ResCap Bondholders Seek Rival Plans

02/25/13

Bondholders say allowing Residential Capital LLC to retain control of its stalled restructuring is “the surest path to nuclear war” and urged a judge to allow creditors to propose rival restructuring plans. Read the Daily Bankruptcy Review article here.

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American Airlines Asks Not to Delay Antitrust Fight

02/22/13

: Associated Press

American Airlines says Travelport Ltd. shouldn’t be allowed to delay a fast-approaching antitrust trial in which “billions of dollars” are potentially on the line.

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