WSJcomBankruptcyBeat

J.P. Morgan Chase & Co. is balking at Lehman Brothers Holdings Inc.’s efforts to question the trader known as the “London Whale” over derivatives trades, saying the failed investment bank is on a speculative fishing expedition meant to harass the bank in connection with the long-running litigation involving the two companies. Read the Daily Bankruptcy Review article here.

Mexican bakery giant Grupo Bimbo SAB de CV is challenging a $30 million bid from one of its biggest rivals for Hostess Brands Inc.’s Beefsteak rye brand. Read the Daily Bankruptcy Review article here. Here’s a WSJ video discussion on the bidding process and the company’s clash with unions.

American Airlines and US Airways Group Inc.

When it comes to keeping top-secret dea

Bondholders say allowing Residential Capital LLC to retain control of its stalled restructuring is “the surest path to nuclear war” and urged a judge to allow creditors to propose rival restructuring plans. Read the Daily Bankruptcy Review article here.