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The Daily Docket: Aurelius Sues Over Loan Deal

03/21/13

Hedge fund Aurelius Capital Master Ltd. is suing an Energy Future Holdings Corp. unit and some current and former directors over a loan deal tied to the $32 billion leveraged buyout that loaded the Texas power company with debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Reader’s Digest Omits ‘Insider’ Names From Pay List

03/20/13
European Pressphoto Agency

The publisher of Reader’s Digest doled out $28 million to insiders in the year before its most recent bankruptcy filing, its second Chapter 11 filing in less than four years.

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Stanford Victims Will Benefit From $300M Settlement

03/19/13
European Pressphoto Agency
A file photograph showing financier R.
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The Daily Docket: Judge Says Creditors Can Vote on Rival Plans for Ahern

03/19/13

A bankruptcy judge cleared Ahern Rentals Inc.’s creditors to vote on its restructuring plan as well as a rival plan from its bondholders, paving the way for a showdown over the construction equipment company’s fate.Read the Daily Bankruptcy Review article here.

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Investors Want to Sink Columbus Exploration Bankruptcy

03/18/13
Associated Press
Gold bars and coins from the S.S.
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The Daily Docket: Dex One, SuperMedia Enter Bankruptcy

03/18/13

Yellow-pages companies Dex One Corp. and SuperMedia Inc. have both voluntarily filed for Chapter 11 bankruptcy protection as part of their previously announced all-stock merger deal. Read the article in Daily Bankruptcy Review.

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The Broke and the Beautiful: Twinkie Edition

03/15/13

This week on The Broke and the Beautiful, Twinkies might get backed by some star power, and British actress Amanda Abbington has declared herself insolvent. Also, Michael Vick had to cancel his book tour because of threats of violence against him.

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The Daily Docket: Stoli Owner May Bid on CEDC

03/15/13

SPI Group, the owner of Stolichnaya vodka, may make an offer for Central European Distribution Corp. as that company tries to manage its more than $1 billion in debt, some of which is set to mature next week. Read the Daily Bankruptcy Review article here.

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The Daily Docket: Lehman Creditors Can Question ‘London Whale’

03/14/13

A judge on Wednesday said Lehman Brothers Holdings Inc. creditors can subpoena Bruno Iksil in its lawsuit against J.P. Morgan Chase & Co., ensuring the phrase “London Whale” will stay in the lexicon for at least a bit longer. Read the Daily Bankruptcy Review article here.

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