News Topic: WSJcomBankruptcyBeat

Associated Press An audience listens during an open rehearsal of the Philadelphia Orchestra at the Kimmel Center in Philadelphia. The show will go on for the ... Read full article

W.R. Grace & Co. is seeking bankruptcy-court permission to compete at an auction for a “highly confidential potential strategic transaction” as it awaits the final word on its Chapter 11 exit plan. Read the Daily Bankruptcy Review story here . ... Read full article

Associated Press Patricia Kluge hugs her son John Kluge, Jr. at the funeral for his father, philanthropist John W. ... Read full article

Bloomberg News Lee Farkas The U.S. ... Read full article

Associated Press Mercer Inc., a leading consulting firm on executive pay and other human-resources issues, is under pressure to trim the compensation it will receive from Bo ... Read full article

Restructuring pros Grab a pen and paper and Start writing haikus. That’s because if your poem strikes the fancy of Bracewell & Giuliani partner Evan Flaschen , you could find yourself sitting in a primo pair of seats at Yankee Stadium. ... Read full article

Even a year after Barry Stokes’s death in a federal prison, the court-appointed trustee winding down the convicted Tennessee fraudster’s business is still searching for eighty pieces of potentially valuable art that Stokes may have hid. ... Read full article

Aurelius Capital Management, one of the big hedge funds accused of benefiting from insider trading in the bankruptcy case of Washington Mutual Inc., says it’s the victim of a “shakedown” by the committee representing aggrieved investors. Read the Daily ... Read full article

Las Vegas casino operator Station Casinos LLC on Friday emerged from Chapter 11 bankruptcy protection controlled by the company’s founding Fertitta family, ending a nearly two-year restructuring odyssey. Read the Daily Bankruptcy Review story here . ... Read full article

A California bankruptcy court Monday ruled that the Defense of Marriage Act violates the equal-protection guarantee of the U.S. Constitution. In a decision Monday signed in Los Angeles by 20 judges of the U.S. Bankruptcy Court for the Central District of ... Read full article

Ambac Financial Group Inc. said it doesn’t owe hundreds of millions of dollars in back taxes that the Internal Revenue Service is going after, a claim that contributed to Ambac’s filing for Chapter 11 bankruptcy protection last fall. Read the Daily ... Read full article

Still smarting from a recent bankruptcy court ruling in favor of Colonial BancGroup Inc., the Federal Deposit Insurance Corp. says the bank-holding company is dragging its feet in a bid to derail an upcoming hearing in their long-running legal fight. Read ... Read full article

Melanie Cohen Losing his grasp of the beloved Chicago-based Giordano’s pizza chain he’d built over decades, a despe ... Read full article

Eight months after emerging from Chapter 11 protection, Extended Stay Inc.’s prior owners and lenders—including Blackstone Group LP, are being sued over the $8 billion leveraged buyout that preceded the hotel chain’s bankruptcy. Read the Daily Bankruptcy ... Read full article

The allegations have all the literary ingredients for an alluring spy novel: corporate profits made from price-fixing schemes, secret meetings held throughout Europe and a conspiracy among industry giants who have a tight grip on one arm of the worldwide ... Read full article

We have an idea for how the U.S. ... Read full article

2010 brought a corporate bankruptcy and a new baby to Rock & Republic founder Michael Ball, and it changed his outlook on, well, everything. “Life is different,” he said in an interview Tuesday. “I look at it with perspective now. It’s not all about ... Read full article

The days of crash-and-burn bankruptcies may be flaming out. An AlixPartners LLP survey released Wednesday found that most restructuring professionals expect that more than 50% of the large companies filing for Chapter 11 in the next 12 months will have at ... Read full article