Creditors of A123 Systems Inc. are seeking to hire a lobbying firm in an attempt to stop political forces—including opposition from the battery maker’s “jilted stalking horse bidder”—from derailing a $256.6 million sale deal. Read the Daily Bankruptcy Review article here.
This week on The Broke and the Beautiful, Tim Durham can’t afford to appeal his fraud conviction, and Betsey Johnson has no plans to retire. Also, a museum dedicated to Wayne Newton is up for sale.
American Airlines parent AMR Corp. is looking to offload a townhouse in London’s upscale Kensington neighborhood, a brief walk from the palace that’s home to Prince William and Kate Middleton.
Wall Street bond insurers say Stockton, Calif., leaders overlooked cost-cutting measures and failed to raise taxes before putting it under bankruptcy protection. Read the Daily Bankruptcy Review article here.
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.
NewPage Corp. won confirmation Thursday of a Chapter 11 plan that shakes billions of dollars in debt off its balance sheet. Read the Daily Bankruptcy Review article here.
K-V Pharmaceutical Co. , which filed for bankruptcy this summer after running afoul of government regulators, has lined up a trio of investment firms to pay off a rival drug maker and to fund its exit from Chapter 11. Read the Daily Bankruptcy Review article here.
