WSJcomBankruptcyBeat

The Daily Docket: Mortgage Insurer PMI Files For Bankruptcy

11/28/11

Mortgage insurer PMI Group Inc. filed for Chapter 11 bankruptcy protection Wednesday after an Arizona judge rejected its bid to overturn the October seizure of its mortgage-insurance unit by state regulators. Read the Daily Bankruptcy Review story here.

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Tribune Seeks To Pay $675,000 To Controversial Ex-CEO

11/23/11
Associated Press
Tribune is seeking bankruptcy-court approval to pay former chief executive Randy Michaels a $675,000 bonus.

The Internet is abuzz with the news that ne

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The Daily Docket: Medicis Buys Graceway

11/23/11

Medicis Pharmaceutical Corp. won bankruptcy court approval Tuesday to close on the $455 million acquisition of Graceway Pharmaceuticals LLC, after a fight with an advertising agency that claimed its intellectual property was caught up in the deal. Read the Daily Bankruptcy Review story here.

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Rothstein Auction Raises Thousands For Creditors

11/22/11
Getty Images
Auction ringman Harlan Powers relays a bid during an earlier government run auction, in June 2010, of convicted Ponzi schemer Scott Rothstein’s cars and boats in Fort Lauderdale, F
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The Daily Docket: PSE&G Wants Dynegy Bankruptcy Case Tossed

11/22/11

Public Service Enterprise Group Inc. wants Dynegy Inc.’s Chapter 11 bankruptcy case dismissed, saying the power provider has “fraudulently and without good faith manufactured an artificial insolvency.” Read the Daily Bankruptcy Review story here.

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Reading This Blog Will Make You Stronger, Faster

11/21/11

Grow a beard for the NHL playoffs. Lift your rally monkey to the sky. But don’t count on that colorful band around New Orleans Saints quarterback Drew Brees’s wrist to give a lift to your fantasy football team.

Consumers have grown suspicious of Power Balance’s $30 athletic wristbands—which promise to alter the body’s natural energy flow to make it stronger, well-balanced and more flexible—leading sales to plummet and prompting the company to file for Chapter 11 bankruptcy protection Friday.

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Spanish Peaks Revs Up Liquidation With Vehicle Sale

11/21/11

Montana’s Spanish Peaks, a 5,700-acre ski-and-golf community, is looking to rev up the engine on its liquidation.

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The Daily Docket: McCourt Added to Dodgers Suit

11/21/11

Broadcaster Fox Sports is taking another swing at embattled Los Angeles Dodgers owner Frank McCourt, adding him to a lawsuit on charges of improperly shopping the team’s valuable media rights. Read the Daily Bankruptcy Review article here.

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Mrs. Fields Baking Up Restructuring

11/18/11

Cookie maker Mrs. Fields is working to cook up a restructuring deal to avoid its second bankruptcy, Bloomberg reported Friday.

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The Daily Docket: MF Global Account Transfers Approved

11/18/11

A judge on Thursday approved the transfer of more than 22,000 MF Global Holdings Ltd. brokerage accounts to new dealers, granting an emergency request from the trustee unwinding the company’s brokerage. Read the Daily Bankruptcy Review article here.

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