WSJcomBankruptcyBeat

Ex-Naval Ship Workers Sue Over Asbestos Claims

02/15/12

Several people seeking compensation for diseases and death due to asbestos exposure on U.S. naval ships say those responsible for issuing payment are unfairly discriminating against them because they aren’t U.S. citizens.

The allegations form the basis for a newly filed lawsuit related to the 1982 bankruptcy of Johns Manville Corp., a manufacturer of building products that used Chapter 11 to resolve a wave of litigation by people claiming to have become ill from the asbestos in its products.

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The Daily Docket: ‘No’ On Chapter 11 Plan Roils Washington Mutual Case

02/15/12

Washington Mutual Inc. is looking at trouble Thursday when it makes its third attempt to get its $7 billion Chapter 11 plan confirmed, thanks to a significant “no” vote by preferred shareholders. Read the Daily Bankruptcy Review article here.

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Marilyn’s Moving On

02/14/12
Associated Press

A firm that helps companies manage popular brands from Pepsi to Pez is losing one of its bombshell contracts—the right to license a treasure trove of Marilyn

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The Daily Docket: Teamsters Threaten Strike in Hostess Case

02/14/12

The Teamsters Union said Monday that its members will strike if a judge clears Hostess Brands Inc. to implement new collective-bargaining agreements—replete with fresh cuts to wages and benefits. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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BCBG’s Off-the-Runway Struggles

02/13/12

By Rachel Feintzeig and Mara Lemos Stein

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Judge Scrubs T-Boz’s Bankruptcy

02/13/12

Singer T-Boz may have won several Grammys as a member of the group TLC, but she didn’t win the favor of the judge who tossed her third bankruptcy case.

Court papers show the move came at the request of the trustee overseeing the bankruptcy of T-Boz, who once joined her bandmates in a song denouncing the advances of a “scrub” with no money, no car and no house (h/t TMZ).

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The Daily Docket: Missing MF Global Customer Money Totals $1.6B

02/13/12

The trustee supervising the liquidation of MF Global Holdings’ brokerage on Friday said that more than $1.6 billion in customer cash remains out of his grasp, more than previously estimated. Read the Daily Bankruptcy Review article here.

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The Broke and the Beautiful: Gary Busey Edition

02/10/12

This week on The Broke and the Beautiful, actor and “Celebrity Apprentice” contestant Gary Busey files for Chapter 7 bankruptcy, and Chrysler’s Super Bowl ad sparks controversy. Also, the New York Mets’ owners face new allegations regarding Bernard Madoff’s Ponzi scheme.

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Madoff Trustee Sues Koch Industries to Claw Back Ponzi Proceeds

02/10/12
Getty Images
Charles Koch

Koch Industries Inc., whose billionaire owners are funding an

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The Daily Docket: Lehman Sues Citi for $2.5B

02/10/12

Lehman Brothers Holdings Inc. is suing Citigroup Inc. in an effort to recover $2.5 billion transferred to Citi in the months before Lehman’s September 2008 bankruptcy filing. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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