WSJcomBankruptcyBeat

Losers at the bankruptcy auction for the Tully’s coffee shops are asking the court to reject the winning $9.1 million bid

Could a restaurant chain that has more than 1,400 employees and hundreds of creditors hide its bankruptcy from them?

Twelve days into the bankruptcy reorganization cases of Fiesta Holdings Inc. and Eateries Inc.—two companies that “operate a chain of restaurants in 20 states across the nation,” according to court filings—those companies have yet to reveal the names of their restaurants in hundreds of papers they have filed to the U.S. Bankruptcy Court in Oklahoma City.

The largest law firm bankruptcy in U.S.

A group of LightSquared Inc.’s lenders reiterated its desire to go after Phil Falcone and Harbinger Capital Partners for a prebankruptcy loan made to the wireless satellite company, making it clear that the troubled venture’s officers and directors won’t be a target of the lawsuit. Read the Daily Bankruptcy Review article here.

Pinnacle Airlines Inc. has struck several crucial deals to enable its eventual exit from Chapter 11 protection, including securing new financing from sole customer Delta Air Lines Inc. and overhauling its fleet of regional jets. Read the Daily Bankruptcy Review article here.