WSJcomBankruptcyBeat

The Daily Docket: Friendly’s Restaurants Preparing Bankruptcy Filing

09/30/11

The Friendly’s restaurant chain is preparing for a possible Chapter 11 bankruptcy filing and potential sale, The Wall Street Journal reports.

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Bernsen Distances Himself from Courtroom Drama

09/29/11
Corbin Bernsen

Actor Corbin Bernsen, who became a star playing cunning divorce lawyer Arnie Becker in “L.A

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The Daily Docket: Graceway Enters Bankruptcy

09/29/11

Graceway Pharmaceuticals LLC filed for Chapter 11 bankruptcy protection Thursday, one day after announcing its plans to seek a sale of its assets to Galderma S.A. Read the Daily Bankruptcy Review article here.

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Restructuring Opportunities in Some Sectors, a Wait for Most Others

09/28/11

With default rates and bankruptcy filings earnestly sticking near their all-time lows but loads of debt coming due very soon, finding distressed opportunities is a two-pronged game of waiting while still identifying sectors that need help now, three industry veterans said Wednesday.

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Cerberus CEO Feinberg’s Mea Culpa

09/28/11

(This has been cross-posted from Private Equity Beat.)

By Sabrina Willmer

In the world of private equity where there are many big egos, rarely have we seen the head of a large firm admit publicly to making mistakes. However, in a refreshing twist, Cerberus Capital Management’s chief executive reflected on past missteps during a keynote speech at the Dow Jones Private Equity Analyst conference in New York.

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The Daily Docket: Hedge Funds Appeal WaMu Ruling

09/28/11

Four hedge funds accused of insider trading in Washington Mutual Inc.’s bankruptcy case are appealing a ruling that denied confirmation of the company’s Chapter 11 plan and found they could be held to account to shareholders for alleged improper behavior. Read the Daily Bankruptcy Review article here.

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L.A. Law Star’s Ex-Company Enters Bankruptcy

09/27/11
AP Photo/Akron Beacon Journal, Karen Schiely
In this Nov.
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The Daily Docket: Judge Approves Borders IP Sale

09/27/11

A judge on Monday approved the $13.9 million sale of Borders.com and other Borders Group Inc. intellectual property to its once-fierce rival, Barnes & Noble Inc., after the two sides and a consumer advocate alleviated the judge’s concerns over the privacy rights of Borders’s customers. Read the Daily Bankruptcy Review article here.

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Selig Threatens to Kick Dodgers Out of MLB

09/26/11
Reuters
Bud Selig

Major League Baseball is willing to boot the Los Angeles Dodgers from its ranks if the league can’t come to terms with the team’s embattled owner Frank McCour

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Bankrupt Airline Flies Again on TV

09/26/11
Associated Press
An image release from ABC shows the cast of “Pan Am.”

Pan American World Airways landed in bankruptcy and shut down two decades ago, but the airline took off aga

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