Overseas Shipholding Group Inc. is seeking to restrict trading of its stock to protect more than $100 million in tax breaks. Read the Daily Bankruptcy Review article here.
Creditors of A123 Systems Inc. are seeking to hire a lobbying firm in an attempt to stop political forces—including opposition from the battery maker’s “jilted stalking horse bidder”—from derailing a $256.6 million sale deal. Read the Daily Bankruptcy Review article here.
This week on The Broke and the Beautiful, Tim Durham can’t afford to appeal his fraud conviction, and Betsey Johnson has no plans to retire. Also, a museum dedicated to Wayne Newton is up for sale.
American Airlines parent AMR Corp. is looking to offload a townhouse in London’s upscale Kensington neighborhood, a brief walk from the palace that’s home to Prince William and Kate Middleton.
