News Topic: Restructuring

It’s that time of year again for basketball, brackets and bankruptcy. Weil, Gotshal & Manges LLP’s Bankruptcy Blog is hosting its second competition in honor of March Madness. But instead of college basketball teams, this bracket features 20 important ... Read full article

4Kids Entertainment Inc.’s real-life Yu-Gi-Oh! battle has officially drawn to a close. U.S. Bankruptcy Court Judge Shelley C. Chapman Friday gave her blessing to the settlement deal 4Kids cooked up with a pair of Japanese companies that had played the ... Read full article

Many companies that collapse under bankruptcy-court reorganization are leaving behind small pools of money—and no one knows what to do with them. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

This week on The Broke and the Beautiful, Lenny Dykstra gets prison time and the owners of the New York Mets must pay up. Also, a judge wants the Los Angeles Dodgers and Bryan Stow to settle their dispute. ... Read full article

A judge Thursday said Apple Inc. couldn’t pursue patent infringement litigation against Eastman Kodak Co. over a patent the computer giant fears might be sold during Kodak’s bankruptcy before an ownership dispute is resolved. Read the Daily Bankruptcy ... Read full article

J.P. Morgan Securities LLC analysts said Wednesday they are “underwhelmed” by AMR Corp.’s standalone restructuring plan and believe it’s more likely that the parent of American Airlines will merge with a competitor. Read the article in Daily Bankruptcy ... Read full article

Lehman Brothers Holdings Inc. on Tuesday officially emerged from Chapter 11 bankruptcy protection after nearly 3 1/2 years and said creditors of the investment bank will start getting paid next month. Read the Daily Bankruptcy Review article via The Wall ... Read full article

A Birmingham, Ala., judge ruled that Jefferson County can move forward with its Chapter 9 bankruptcy case—the largest municipal case in U.S. history—against the efforts of big Wall Street banks that argued that it should be thrown out because of fine ... Read full article

A federal judge recently freed insurer Travelers from obligations to pay out $510 million in long-running litigation over asbestos liabilities in the three-decade-old bankruptcy of Johns Manville Corp. ... Read full article

Lehman Brothers Holdings Inc. is locked in a high-stakes battle with its former Swiss derivatives subsidiary over billions of dollars in guarantees and intercompany loans, a legal dispute that threatens to delay recoveries for creditors who have been ... Read full article

This week on The Broke and the Beautiful, Kodak wants to reject an agreement with the PGA Tour and stars in Billy Crystal’s Oscars jokes. Also this week, Oscar winner Meryl Streep donates money to a school in Central Falls, R.I. ... Read full article

Hostess Brands Inc. is defending its bid to shed its pension plans and cut back on benefits for its unionized employees, saying it’s the only way for the company to survive its current trip through bankruptcy. Read the Daily Bankruptcy Review article here ... Read full article

The U.K. Supreme Court said Wednesday that billions of dollars in client cash belongs to customers of Lehman Brothers Holdings Inc.’s U.S. brokerage whether it was properly segregated or not, a win for customers of Lehman’s U.S. unit and the trustee ... Read full article

Getty Images Eastman Kodak Co.’s bankruptcy has a new casualty: its partnership with the PGA Tour. ... Read full article

A company controlled by real-estate mogul Donald Trump is set to buy the Doral Golf Resort & Spa in Miami out of Chapter 11 protection and prepare it for a massive renovation after no other bidders stepped up to challenge its $150 million offer for ... Read full article

A judge on Monday approved Great Atlantic & Pacific Tea Co.’s plan to exit bankruptcy proceedings as a leaner grocery chain by both store count and cost of labor, more than a year after the owner of A&P and other supermarkets filed for Chapter 11. ... Read full article

Associated Press Host Billy Crystal speaks onstage during the 84th Academy Awards on Sunday. If he was taking bets on Sunday’s Academy Awards, Judge Allan L. ... Read full article

A legal fight between Lehman Brothers Holdings Inc. and J.P. Morgan Chase & Co. over claims that the bank illegally siphoned billions of dollars from Lehman in the weeks before its collapse illustrates what happens when the “shadow” banking system ... Read full article