As liquidators work to clear books from its retail shelves, Borders Group Inc. is preparing for a sale that could enable the bookseller’s brand to live on even after its stores go dark. Read the Daily Bankruptcy Review article here.
The bankruptcy trustee in charge of troubled Chicago pizza chain Giordano’s is suing most of the restaurant’s franchise owners, accusing them of conspiring t
Lehman Brothers Holdings Inc. struck a deal with WCAS Fraser Sullivan Investment Management LLC that will allow the failed investment bank to turn its $5.3 billion commercial-loan portfolio into cash. Read the Daily Bankruptcy Review story here.
Britain’s Supreme Court on Wednesday dismissed an appeal by units of Lehman Brothers Holdings Inc. and Bank of New York Mellon, a win for investors in a high-stakes legal dispute involving complex derivatives transactions that has divided courts on both sides of the Atlantic. Read the Daily Bankruptcy Review article via The Wall Street Journal.
The total professional bill for General Motors’ bankruptcy case topped $110 million, but for a company of that size, the charges are astonishingly low, said Lynn
W.R. Grace & Co. lenders say a Philadelphia federal judge risks setting up a clash with the New York courts if he lets the specialty-chemical company exit bankruptcy without handing over an additional $140 million to them. Read the Daily Bankruptcy Review story here.
