A bankruptcy judge on Thursday warned ATP Oil & Gas Corp. that it’s not “preordained” that he’ll approve the asset sale the company has long been pinning its hopes on but which has run into complications. Read the Daily Bankruptcy Review article here.
Defunct investment bank Lehman Brothers Holdings Inc. said it has agreed to sell $4.22 billion of its general unsecured claims against its brokerage unit Lehman Brothers Inc.
A new report that looks at the Commodity Futures Trading Commission’s response to MF Global Holdings Ltd. ’s collapse criticizes Chairman Gary Gensler, and has new questions about MF Global’s collapse, The Wall Street Journal reports.
Goldman Sachs Group Inc. beat out Fortress Investment Group LLC for the right to lend Arcapita Bank up to $350 million that would ease the Bahraini investment firm out of Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here.
A federal bankruptcy watchdog is objecting to casino owner Revel AC Inc.’s restructuring plan, taking aim at “expansive” provisions meant to shield everyone from lenders to equity
Residential Capital LLC is suing a group of junior bondholders to block them from wresting control of the subprime mortgage lender’s bankruptcy case. Read the Daily Bankruptcy Review article here.
