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The Daily Docket: Five Mile Sues Over Resort Loan

04/11/13

Investment firm Five Mile Capital Partners is accusing a group of well-known luxury resorts of several conflicts of interest on its board of directors, conflicts Five Mile say resulted in its not getting paid back the $50 million it lent before the resorts filed for Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here.

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Inverness Settlement Paves Way for Film Sale

04/10/13
Associated Press
In this 1989 image provided by Paramount Pictures, Tom Berenger, right, plays catcher Jake Taylor; Charlie Sheen, below, is pitcher Ricky Vaughn; and Corbin
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The Daily Docket: Hostess Wins OK for Drake’s, Bread Brands Sales

04/10/13
Reuters

Hostess Brands Inc. won permission to sell off the last of its major cake and bread assets, raising total sale proceeds from the baking company’s liquidation to about $860 million.

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The Daily Docket: Lehman Disputes Brokerage Deal With German Unit

04/09/13
Agence France-Presse/Getty Images

Lehman Brothers Holdings Inc.

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Food for Thought for New Twinkie Owners

04/08/13
Reuters

Apollo and Metropoulos, take note: Thirteen college kids have some ideas for Twinkies’ second act.

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The Daily Docket: CEDC Enters Bankruptcy

04/08/13
Bloomberg
Distribution trucks drive through the yard at the Polmos Bialystok SA vodka distillery, a subsidiary of
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The Broke and the Beautiful: ‘Game of Thrones’ Edition

04/05/13

This week on The Broke and the Beautiful, “Game of Thrones” star Lena Headey is in financial turmoil, and actor Kevin Costner is fighting a revenue dispute in bankruptcy court. Also, the NCAA is being accused on closing the books on an investigation too soon.

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Bankruptcy Beat Snapshot: Sheila Smith

04/05/13

Sheila Smith knows bankruptcy from the inside out.

The restructuring expert had an unlikely and jarring introduction to the bankruptcy world when a building materials company, under pressure from big-box retail competitors, filed for protection from creditors. The year was 1991, and Smith, relatively fresh from business school, was the company’s treasurer.

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The Daily Docket: Trustee Blasts ResCap Bonus Proposal

04/05/13

U.S. Trustee Tracy Hope Davis, a federal bankruptcy monitor, is railing against Residential Capital LLC’s bid to pay bonuses to top employees, saying the company must do more to prove some of the bonuses comply with the Bankruptcy Code. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Reaches Deal With Holdout Swiss Unit

04/04/13
Agence France-Presse/Getty Images

Lehman Brothers Holdings Inc.

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