WSJcomBankruptcyBeat

The Los Angeles Dodgers are demanding that Major League Baseball Commissioner Bud Selig and a slew of other officials submit testimony as part of the team’s Chapter 11 bankruptcy case. Read the Daily Bankruptcy Review story here.

A majority of respondents to an American Bankruptcy Institute poll said creditors of failed investment bank Lehman Brother Holdings Inc. wouldn’t have fared better in a post-Dodd-Frank world.

The strenuously negotiated financial reform law put into place last year gave the government the authority to orderly liquidate financial firms–a power that theoretically would have prevented Lehman’s crash into bankruptcy that many blame for intensifying the recent financial crisis.

Just days after the Justice Department filed an appeal of a ruling declaring the federal ban on gay marriage unconstitutional, lawyers for a same-sex couple at the center of a bankruptcy dispute upped the ante by asking the Ninth U.S. Circuit Court of Appeals to take the case.

A bankruptcy case that’s flown under the radar for nearly two years may finally be getting its moment in the spotlight, thanks to a recent appellate-court ruling that upholds the practice of lenders using debt as currency in their bids to take back assets.

RadLax Gateway Hotel LLC—which owns a struggling Radisson by the Los Angeles International Airport—is like the forgotten younger sibling of hotel bankruptcy cases, always giving up the spotlight to River Road Hotel Partners LLC.

Even before a district-court judge could hear their case, community activists demanding that a new trauma center be built on Manhattan’s Lower West Side dropped their legal protest to the sale of the former St. Vincent’s Hospital’s main campus, court papers show.

The activists, led by former New York City Council member Alan J. Gerson, had appealed a bankruptcy judge’s ruling approving the $260 million sale to a development company tied to the Rudin family. The prominent developer will mostly build housing on the site.