News Topic: WSJcomBankruptcyBeat

The owners of the New York Mets baseball team and the trustee trying to recover money for victims of Bernard Madoff’s epic Ponzi scheme Jury settled as jury selection began. Read the story here in WSJ Law Blog. ... Read full article

The Broke and the Beautiful is feeling sporty this week, as the owners of the New York Mats go to bat in a trial related to the Madoff Ponzi scheme. Also, quarterback Michael Vick has paid off most of his debts, and the Spanish government is trying to ... Read full article

Dynegy defended its actions in transferring assets from its subsidiary to its parent company before bankrupting the subsidiary, a move a bankruptcy examiner blasted last week as fraudulent. Read the story here in Deal Journal. ... Read full article

The Western Mohegan Tribe & Nation of New York has filed for bankruptcy protection. Against the Native American community’s grip of sovereign rights, the request for protection from a federal court would be a jarring development—that is, if only the ... Read full article

A judge confirmed Ambac Financial Group Inc.’s plan to exit bankruptcy in the hands of its bondholders, a big step forward for a company that served as one of the enduring faces of the derivatives-driven financial services bubble and its catastrophic ... Read full article

Agence France-Presse/Getty Images It’s out with the old, in with the new for Hostess Brands Inc. ... Read full article

Subsidiaries of Indonesian marine shipping company Berlian Laju Tanker on Wednesday filed for U.S. bankruptcy protection with the aim of enforcing an Indonesian court order barring creditors from arresting its tanker ships. Read the Daily Bankruptcy ... Read full article

4Kids Entertainment Inc.’s real-life Yu-Gi-Oh! battle has officially drawn to a close. U.S. Bankruptcy Court Judge Shelley C. Chapman Friday gave her blessing to the settlement deal 4Kids cooked up with a pair of Japanese companies that had played the ... Read full article

A judge ordered mediation for Dynegy Holdings LLC after a bankruptcy watchdog called for an independent trustee to take over its Chapter 11 case. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

It’s that time of year again for basketball, brackets and bankruptcy. Weil, Gotshal & Manges LLP’s Bankruptcy Blog is hosting its second competition in honor of March Madness. But instead of college basketball teams, this bracket features 20 important ... Read full article

The New Year’s Eve burglary of a California office building has led to the collapse of a national medical records firm. Impairment Resources LLC filed for bankruptcy Friday after the break-in at its San Diego headquarters led to the electronic escape of ... Read full article

Many companies that collapse under bankruptcy-court reorganization are leaving behind small pools of money—and no one knows what to do with them. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

This week on The Broke and the Beautiful, Lenny Dykstra gets prison time and the owners of the New York Mets must pay up. Also, a judge wants the Los Angeles Dodgers and Bryan Stow to settle their dispute. ... Read full article

A judge Thursday said Apple Inc. couldn’t pursue patent infringement litigation against Eastman Kodak Co. over a patent the computer giant fears might be sold during Kodak’s bankruptcy before an ownership dispute is resolved. Read the Daily Bankruptcy ... Read full article

The Alabama lawyer and lawmaker whose stand against racism inspired a leading character in the novel “To Kill A Mockingbird” may have also laid the foundation for a major headache in Jefferson County’s bankruptcy case. ... Read full article

J.P. Morgan Securities LLC analysts said Wednesday they are “underwhelmed” by AMR Corp.’s standalone restructuring plan and believe it’s more likely that the parent of American Airlines will merge with a competitor. Read the article in Daily Bankruptcy ... Read full article

Getty Images A former Department of Commerce official is weighing in on the legal dispute Lehman Brothers Holdings Inc. ... Read full article

Lehman Brothers Holdings Inc. on Tuesday officially emerged from Chapter 11 bankruptcy protection after nearly 3 1/2 years and said creditors of the investment bank will start getting paid next month. Read the Daily Bankruptcy Review article via The Wall ... Read full article