Restructuring

Dodgers Bidders Prepare to Round Second Base

02/16/12
Associated Press
Dodger Stadium

A second round of bidding is under way for the Los Angeles Dodgers, the Los Angeles Times

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The Daily Docket: Kodak Can Keep Borrowing On Loan

02/16/12

A judge on Wednesday said Eastman Kodak Co. could continue borrowing on its $950 million bankruptcy loan from Citigroup Inc., after satisfying several parties’ concerns with it. Read the Daily Bankruptcy Review article here.

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The Daily Docket: ‘No’ On Chapter 11 Plan Roils Washington Mutual Case

02/15/12

Washington Mutual Inc. is looking at trouble Thursday when it makes its third attempt to get its $7 billion Chapter 11 plan confirmed, thanks to a significant “no” vote by preferred shareholders. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Missing MF Global Customer Money Totals $1.6B

02/13/12

The trustee supervising the liquidation of MF Global Holdings’ brokerage on Friday said that more than $1.6 billion in customer cash remains out of his grasp, more than previously estimated. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Gary Busey Edition

02/10/12

This week on The Broke and the Beautiful, actor and “Celebrity Apprentice” contestant Gary Busey files for Chapter 7 bankruptcy, and Chrysler’s Super Bowl ad sparks controversy. Also, the New York Mets’ owners face new allegations regarding Bernard Madoff’s Ponzi scheme.

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The Daily Docket: Lehman Sues Citi for $2.5B

02/10/12

Lehman Brothers Holdings Inc. is suing Citigroup Inc. in an effort to recover $2.5 billion transferred to Citi in the months before Lehman’s September 2008 bankruptcy filing. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Hostess Seeks New Employment Deal

02/09/12

Hostess Brands Inc. is seeking court permission for a new employment deal that would hand millions of dollars to Chief Executive Brian J. Driscoll, “architect” of the company’s plan to cut costs and jettison its pension plans. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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The Daily Docket: Saab to Enter Chapter 11

02/08/12

Saab Cars North America said it will file for Chapter 11 protection in Michigan, a move that comes a little more than a week after some of its dealerships sought to push the Swedish auto maker’s U.S. unit into bankruptcy proceedings in Delaware. Read the Daily Bankruptcy Review article here.

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Home Sales Go On Despite Spanish Peaks Bankruptcy

02/07/12

Spanish Peaks’ ongoing bankruptcy isn’t stopping the sale of luxury homes at the exclusive ski-and-golf community nestled among Montana’s mountains and bordering Yellowstone National Park.

Three homes in the Big Sky, Mont., community will go up for auction next month, according to Concierge Auctions LLC, as will a home in nearby Yellowstone Club.

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The Daily Docket: A&P Confirmation Hearing Begins

02/07/12

Great Atlantic & Pacific Tea Co. on Monday laboriously moved closer to final approval of its plan to exit what has been an equally laborious bankruptcy, with the company continuing to satisfy objections and a judge beginning to overrule others. Read the Daily Bankruptcy Review article here.

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