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Mortgage insurer PMI Group Inc. filed for Chapter 11 bankruptcy protection Wednesday after an Arizona judge rejected its bid to overturn the October seizure of its mortgage-insurance unit by state regulators. Read the Daily Bankruptcy Review story here.

Medicis Pharmaceutical Corp. won bankruptcy court approval Tuesday to close on the $455 million acquisition of Graceway Pharmaceuticals LLC, after a fight with an advertising agency that claimed its intellectual property was caught up in the deal. Read the Daily Bankruptcy Review story here.

Public Service Enterprise Group Inc. wants Dynegy Inc.’s Chapter 11 bankruptcy case dismissed, saying the power provider has “fraudulently and without good faith manufactured an artificial insolvency.” Read the Daily Bankruptcy Review story here.

Where’s the beef, you ask? Well, according to the bankruptcy court, it’ll be on the auction block next month.

It’s not “All or Nothing” in boy-band creator Louis J. Pearlman’s bankruptcy.

That’s because Pearlman’s bankruptcy trustee has settled with MTV in a legal battle over the network’s “Making the Band,” which spawned the boy band O-Town and its (only) No. 1 single in the U.S., “All or Nothing.”