Restructuring

Britain’s Supreme Court on Wednesday dismissed an appeal by units of Lehman Brothers Holdings Inc. and Bank of New York Mellon, a win for investors in a high-stakes legal dispute involving complex derivatives transactions that has divided courts on both sides of the Atlantic. Read the Daily Bankruptcy Review article via The Wall Street Journal.

This week in The Broke and the Beautiful, housewives both real and fictional are in bankruptcy court, the New York Times nails a profile on former slugger Lenny Dykst

A bankruptcy judge declined to rule Wednesday evening on the contentious battle between the Los Angeles Dodgers and Major League Baseball over who will fund the team’s Chapter 11 case. Read the Daily Bankruptcy Review story here.

After spending a long time twiddling their thumbs, it’s time for some action for distressed investors. Or at least that’s one way to read a crowd of about 60 that gathered for a morning discussion about distressed investing Tuesday at the New York Society of Securities Analysts.

The Los Angeles Dodgers are blaming Major League Baseball Commissioner Bud Selig for their financial woes, including saying that he unfairly and publicly ca