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Forward Motions: Madoff Investor Settlement Goes Up For Approval

11/14/14

A Manhattan bankruptcy judge will consider a settlement Tuesday that raises millions of dollars for Bernard Madoff‘s cheated investors.

Under the deal, real-estate developer Edward Blumenfeld, as well as his family and company, will return $32.75 million in cash that they received from investing with Mr. Madoff before the 2008 collapse of his Ponzi scheme.

They’ll also surrender $29.35 million in claims against Mr. Madoff’s investment firm.

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The Daily Docket: Denmark’s O.W. Bunker U.S. Units File for Chapter 11

11/14/14
OW Bunker vessels in Singapore.
O.W. Bunker

Denmark’s O.W. Bunker AS on Thursday placed its U.S.

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‘Jeopardy!’ Champs Have a Go at ‘Debt’

11/13/14

Much to our delight, Wednesday night’s “Jeopardy!” episode included a category seemingly custom made for Bankruptcy Beat readers. For those who missed it, “Cause of Debt” included five debt-laden questions that at times stumped the contestants (Tournament of Champions contestants, no less).

How would you have done on last night’s show? Take the quiz to find out.

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The Daily Docket: Dendreon Clears First Bankruptcy Hearing

11/13/14

Dendreon Corp. on Wednesday cleared its first bankruptcy court hearing, launching a process in which lenders owed $620 million have agreed to take less than half that amount from anyone willing to buy the cancer-drug-making business. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Judge Approves Anadarko Settlement Over Tronox Acquisition

11/12/14

A judge on Monday approved Anadarko Petroleum Corp.’s $5.15 billion settlement over its ill-fated acquisition of Tronox Inc., the final major hurdle in the federal government’s largest environmental settlement ever. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Pittsburgh’s Soccer Team Almost Out of Bankruptcy

11/11/14
Wilmington Hammerheads defenseman Dylan Riley, right, battles for possession with Pittsburgh Riverhounds midfielder Matthew Kassal, left, at Legion Stadium in Wilmington, N.C., in April 2012.
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The Daily Docket: Atlantic City Looks to Sell Trump Entertainment Tax Lien

11/11/14
The exterior of the former Trump Taj Mahal in Atlantic City, N.J.
Wayne Parry

New Jersey’s Atlantic City, struggling to meet its annual budget after the

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Detroit Judge to Residents: Your Anger Will Prevent Another Meltdown

11/10/14
Tonja Boyd (L) talks with her daughters Nemyla Boyd (C) and Alexandria Boyd (R) as they wait at a bus stop Nov.
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Why Judge Rhodes Let Detroit Out of Bankruptcy

11/10/14
U.S. Bankruptcy Court Judge Steven Rhodes, seen in this 2012 file photo, approved Detroit’s bankruptcy plan.
John Meiu

U.S.

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