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Attorney Who Wrote the Book on Ponzi Schemes Discusses Mets Deal

03/19/12
Bloomberg News
Fred Wilpon, chairman and chief executive of the New York Mets, right, and president Saul Katz laugh while exiting a Manhattan federal court Monday.

Monday’s

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The Daily Docket: Mets Owners Settle with Madoff Trustee

03/19/12

The owners of the New York Mets baseball team and the trustee trying to recover money for victims of Bernard Madoff’s epic Ponzi scheme Jury settled as jury selection began. Read the story here in WSJ Law Blog.

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The Broke and the Beautiful: Sports Edition

03/16/12

The Broke and the Beautiful is feeling sporty this week, as the owners of the New York Mats go to bat in a trial related to the Madoff Ponzi scheme. Also, quarterback Michael Vick has paid off most of his debts, and the Spanish government is trying to address the tax debt that’s left its beloved football teams in the red.

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The Daily Docket: Dynegy “Disappointed” by Examiner’s Report

03/16/12

Dynegy defended its actions in transferring assets from its subsidiary to its parent company before bankrupting the subsidiary, a move a bankruptcy examiner blasted last week as fraudulent. Read the story here in Deal Journal.

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Bankruptcy of Native American ‘Tribe’ Raises Intriguing Legal Questions

03/15/12

The Western Mohegan Tribe & Nation of New York has filed for bankruptcy protection.

Against the Native American community’s grip of sovereign rights, the request for protection from a federal court would be a jarring development—that is, if only the group seeking protection were one of the 566 tribes that have been officially recognized by the U.S. government.

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The Daily Docket: Ambac Wins Approval of Chapter 11 Plan

03/15/12

A judge confirmed Ambac Financial Group Inc.’s plan to exit bankruptcy in the hands of its bondholders, a big step forward for a company that served as one of the enduring faces of the derivatives-driven financial services bubble and its catastrophic implosion. Read the Daily Bankruptcy Review story here

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Fresh Ingredients for Twinkie-Maker’s Board

03/14/12
Agence France-Presse/Getty Images

It’s out with the old, in with the new for Hostess Brands Inc.

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The Daily Docket: Indonesia’s Berlian Laju Seeks U.S. Protection from Creditors

03/14/12

Subsidiaries of Indonesian marine shipping company Berlian Laju Tanker on Wednesday filed for U.S. bankruptcy protection with the aim of enforcing an Indonesian court order barring creditors from arresting its tanker ships. Read the Daily Bankruptcy Review story here.

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Let’s Get Ready to Rumble!

03/13/12

It’s that time of year again for basketball, brackets and bankruptcy.

Weil, Gotshal & Manges LLP’s Bankruptcy Blog is hosting its second competition in honor of March Madness. But instead of college basketball teams, this bracket features 20 important Chapter 11 cases battling for the designation of the top bankruptcy of all time.

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The Daily Docket: Judge Orders Mediation for Dynegy

03/13/12

A judge ordered mediation for Dynegy Holdings LLC after a bankruptcy watchdog called for an independent trustee to take over its Chapter 11 case. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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