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Bankrupt Airline Flies Again on TV

09/26/11
Associated Press
An image release from ABC shows the cast of “Pan Am.”

Pan American World Airways landed in bankruptcy and shut down two decades ago, but the airline took off aga

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The Daily Docket: Bondholders Sue Dynegy Over Restructuring Deal

09/23/11

Marc Lasry’s Avenue Capital Group and other investors in the debt of distressed power producer Dynegy Inc. have asked a New York court to undo a restructuring engineered by shareholder Carl Icahn, calling the shake-up a fraud “unprecedented in the annals of corporate finance.” Read the Daily Bankruptcy Review story here.

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Point Blank Looks to Shed Excess Ballistic Baggage

09/22/11

While it turns out that Zylon—the material that bankrupt body-armor maker Point Blank once stuffed into its bulletproof vests—may not actually protect you from bullets, don’t count the allegedly defective thread out just yet.

It’s good enough to serve as scrap used in the production of tire foundation, asphalt “and other similar industrial products,” according to court papers—great news for Point Blank, which has a lot of Zylon to get off its chest.

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