Nortel Networks Corp. of Canada Tuesday attacked a $1 billion pact between its U.S. division and investment firms that bought debt after the former telecommunications powerhouse collapsed in bankruptcy in 2009. Read the Daily Bankruptcy Review story here.
Dish Network Corp. Chairman Charlie Ergen would receive a controlling stake in troubled wireless company LightSquared under the company’s newest restructuring plan, announced in court on Monday. Read the Daily Bankruptcy Review story in The Wall Street Journal.
This week, the Examiners will take on a not-infrequent occurrence in the restructuring world: the filing of so-called Chapter 22s, or companies that seek Chapter 11 protection a second time.
This week on The Broke and the Beautiful, 38 Studios’ bankruptcy trustee reached an important settlement, and Girls Gone Wild’s Hottest Girl in America 2010 is getting an overdue payment. Also, a Formula One racing team filed for bankruptcy.