News Topic: WSJcomBankruptcyBeat

Associated Press Tribune is seeking bankruptcy-court approval to pay former chief executive Randy Michaels a $675,000 bonus. The Internet is abuzz with the news that ne ... Read full article

Medicis Pharmaceutical Corp. won bankruptcy court approval Tuesday to close on the $455 million acquisition of Graceway Pharmaceuticals LLC, after a fight with an advertising agency that claimed its intellectual property was caught up in the deal. Read ... Read full article

Getty Images Auction ringman Harlan Powers relays a bid during an earlier government run auction, in June 2010, of convicted Ponzi schemer Scott Rothstein’s cars and boats in Fort Lauderdale, F ... Read full article

Public Service Enterprise Group Inc. wants Dynegy Inc.’s Chapter 11 bankruptcy case dismissed, saying the power provider has “fraudulently and without good faith manufactured an artificial insolvency.” Read the Daily Bankruptcy Review story here . ... Read full article

Montana’s Spanish Peaks , a 5,700-acre ski-and-golf community, is looking to rev up the engine on its liquidation. ... Read full article

Grow a beard for the NHL playoffs. Lift your rally monkey to the sky. But don’t count on that colorful band around New Orleans Saints quarterback Drew Brees’s wrist to give a lift to your fantasy football team. Consumers have grown suspicious of Power ... Read full article

Broadcaster Fox Sports is taking another swing at embattled Los Angeles Dodgers owner Frank McCourt, adding him to a lawsuit on charges of improperly shopping the team’s valuable media rights. Read the Daily Bankruptcy Review article here . ... Read full article

A judge on Thursday approved the transfer of more than 22,000 MF Global Holdings Ltd. brokerage accounts to new dealers, granting an emergency request from the trustee unwinding the company’s brokerage. Read the Daily Bankruptcy Review article here . ... Read full article

Cookie maker Mrs. Fields is working to cook up a restructuring deal to avoid its second bankruptcy, Bloomberg reported Friday. ... Read full article

Getty Images Harsha Agadi, the fast-food veteran who signed on to lead Friendly Ice Cream Corp. ... Read full article

General Maritime Corp. voluntarily filed for Chapter 11 bankruptcy and reached agreements with key senior lenders for a financial restructuring that will allow the oil-tanker company’s operations to continue. Click here to read the article in Daily ... Read full article

Associated Press Well-heeled real-estate buyers aren’t the only folks unhappy about their delayed move into the defunct Manhattan condominium project ... Read full article

Bloomberg Hedge-fund manager David Tepper has a history of profiting from the financial distress of others. It’s made him one of Wall Street’s wealthiest investors. ... Read full article

Tribune Co. is pushing to get out of bankruptcy fast but is battling challenges from major creditor camps to the rejection of a Chapter 11 plan, which the company says is easily repaired. Read the Daily Bankruptcy Review article here . ... Read full article

Where’s the beef, you ask? Well, according to the bankruptcy court, it’ll be on the auction block next month. ... Read full article

Lehman Brothers Holdings Inc. reached a deal with the trustee for investors in a complex natural gas deal that fizzled when the investment bank collapsed and its impact was felt from Walt Disney World to the city of Tallahassee, Fla. Read the Daily ... Read full article

The Wall Street Journal reports that a group of Dynegy Holdings’ bondholders want a judge to appoint someone to probe some “unusual” transactions leading to its bankruptcy filing. ... Read full article

This week on The Broke and the Beautiful, we’re going to sing our own praises just a bit. From Toni Braxton’s revelation that bankruptcy worked out “really great” to boy-band creator Lou Pearlman’s settlement with MTV, Bankruptcy Beat was at the forefront ... Read full article