Restructuring

The Daily Docket: Berkshire, Nationstar Named Lead Bidders for ResCap

06/20/12

: Reuters; Warren Buffett holds a Dairy Queen ice cream bar and answers reporters’ questions before the Berkshire Hathaway annual meeting in April 2011.

Wa

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The Daily Docket: Judge Approves ResCap Examiner

06/19/12

: Bloomberg; Warren Buffett

A judge on Monday granted the wish of Warren Buffett’s Berkshire Hathaway Inc.

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The Daily Docket: Berkshire Offered $1 for ResCap Ahead of Bankruptcy

06/18/12

Residential Capital LLC says Warren Buffett’s Berkshire Hathaway Inc. made an offer to buy all of ResCap’s equity for $1 before the mortgage servicer was put into bankruptcy last month. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Irish Boy Band Edition

06/15/12

This week on The Broke and the Beautiful, Westlife singer Shane Filan is crooning the bankruptcy blues, and Stephen Baldwin lost a lawsuit against fellow actor Kevin Costner. Also, Curt Schilling was sued personally for $2.4 million over a loan from Citizens Bank to his failed videogame company.

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The Daily Docket: MF Global Trustee Strikes Deal With CME

06/15/12

The trustee unwinding the brokerage of MF Global Holdings Ltd. struck a deal with CME Group Inc. that will see the futures-exchange operator turn over about $130 million in property that will go to former customers of the collapsed firm. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Judge Rules for Vitro Bondholders

06/14/12

A U.S. federal judge refused Wednesday to enforce Mexican glassmaker Vitro SAB’s controversial debt restructuring in a closely watched bankruptcy case that threatened to sever the cross-border business cooperation between the two nations’ legal systems. Read the Daily Bankruptcy Review article here.

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Judge Puts Out Marijuana Grower’s Chapter 11 Case

06/13/12

: Associated Press/Howard County Police Department

A medical marijuana grower’s i

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The Daily Docket: Saab Assets Sold

06/13/12

: Jonathan Nackstrand/AFP/Getty Images

Saab Automobile AB’s assets have been sold to electric-vehicle group National Electric Vehicle Sweden, Driver’s Seat

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The Daily Docket: LightSquared Reaches Loan Deal

06/12/12

LightSquared on Monday said it has reached an agreement in principle on a bankruptcy loan from a group of its lenders, as the wireless satellite company’s fight with another group of lenders over whether it can use the cash secured by the loans continues. Read the Daily Bankruptcy Review article here.

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