White-Collar Crime

The Daily Docket: Detroit Lawyers Seek Retiree Committee

07/22/13

Poised to break pension promises to more than 23,500 retired city workers, cops and firefighters, Detroit’s bankruptcy attorneys said that those retirees deserve an official committee to speak for them as the 686,000-resident city struggles to unload labor costs in order to survive. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Lou Pearlman Edition

07/19/13

This week on The Broke and the Beautiful, boy-band mogul Lou Pearlman’s investors will soon start voting on a repayment plan, and the Backstreet Boys are back in court to defend claims against Mr. Pearlman. Also, the former Versace mansion is headed for a bankruptcy auction.

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Judge Says Pearlman Investors May Vote on Payment Plan

07/18/13
Kathy Willens/Associated Press
In this July 25, 2000, file photo, the members of ‘N Sync appear at a New York news conference.
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The Daily Docket: K-V to Send Exit Plan to Creditors

07/17/13

K-V Pharmaceutical Co. received approval Tuesday to send its bankruptcy-exit plan to creditors for a vote. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Court Rejects Lehman Retiree Suit

07/16/13

A U.S. appellate court on Monday upheld a lower court’s decision to dismiss a lawsuit by retirees of Lehman Brothers Holdings Inc. that sought to hold the company’s directors, including former Chief Executive Dick Fuld, accountable for squandering their retirement savings on stock that was rendered worthless when the investment bank collapsed into bankruptcy. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Reader’s Digest Unveils Restructuring Plan

07/11/13

Reader’s Digest Association Inc. unveiled a restructuring plan to focus on its North American print and digital business Wednesday, as it prepares to emerge from bankruptcy protection. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Tribune to Split Publishing and Broadcast Arms

07/10/13

Tribune Co. plans to split its publishing business and its broadcast arm, following in the footsteps of companies like News Corp ., The Wall Street Journal reports.

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The Daily Docket: Five Mile Seeks Independent Trustee for MSR

07/09/13

Five Mile Capital Partners LLC is accusing MSR Hotels & Resorts Inc. of using its Chapter 11 case to shield its directors from possible liability for their alleged misconduct and wants an independent trustee to take charge of the company. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Cable Ready Edition

06/28/13

This week on the Broke and the Beautiful, a cable TV show distributor filed for bankruptcy, and so did “Gossip Girl” star Kelly Rutherford. Also, funk music legend Sly Stone is fighting to dismiss the bankruptcies of his ex-manager’s companies.

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The Daily Docket: Cengage Leaning Toward Bankruptcy

06/28/13

Textbook publisher Cengage Learning Inc. is edging toward Chapter 11 bankruptcy protection, The Wall Street Journal reports.

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