WSJcomBankruptcyBeat

50 Cent’s Boxing Promotion Company Files for Bankruptcy

05/27/15
50 Cent arrives at the Billboard Music Awards at the MGM Grand Garden Arena on May 17 in Las Vegas.
Eric Jamison/Invision/Associated Press

50 Cent is try

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Supreme Court Gives Bankruptcy Judges Power to Make Final Decisions

05/27/15
Joshua Roberts/Reuters

The U.S. Supreme Court on Tuesday said bankruptcy judges have the power to make final judgments in certain legal disputes—a decision that bolsters the power of U.S.

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Gallup Diocese Seeking to Sell Land to Pay Victims

05/26/15

The Roman Catholic Diocese of Gallup, N.M., which stretches across 55,000 square miles of northern Arizona and New Mexico, is seeking to sell 55 parcels of mostly vacant desert land to help fund a settlement with about 60 alleged victims of clergy sexual abuse.

In court papers filed last week, the diocese asked U.S. Bankruptcy Court Judge David Thuma for permission to hire two real-estate brokers and to move forward with an auction process for the properties.

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IMRIS Files for Bankruptcy With Buyout Offer From Deerfield

05/26/15

Medical device maker IMRIS Inc. has filed for chapter 11 bankruptcy protection with a buyout offer from secured lender Deerfield Management Co. The Wall Street Journal has the Daily Bankruptcy Review article here.

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‘Big Short’ Recreates Lehman Bros. Offices in Regulator’s Building

05/26/15
The production crew that’s bringing Michael Lewis’ “The Big Short” to the big screen set up shop in front of the building that houses New York’s Department of Financial Services Friday morning.
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Frederick’s of Hollywood Has Undies of the Rich and Famous

05/22/15
Frederick’s of Hollywood’s routine bankruptcy reports list pages of vintage or famous underwear, including s corset Madonna wore onstage in the 1980s, among its assets. In this photo, Madonna performs at the Grammys on Feb.
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Lee Ryan Feeling Blue in Bankruptcy

05/22/15

This week on The Broke and the Beautiful, another member of English boy band Blue filed for bankruptcy, and a judge called for the arrest of Girls Gone Wild founder Joe Francis.

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Lehman Brothers Sues Over Soured Mortgage Loans

05/22/15

Lehman Brothers Holdings Inc. is suing three financial institutions over bundles of soured old mortgage loans, calling claims that Lehman owes hundreds of millions of dollars “grossly exaggerated and baseless. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Restructuring Community Pays Tribute to Harvey Miller

05/21/15

In a lunch that became an impromptu memorial service to Harvey Miller, former Lehman Brothers Judge James Peck might have said it best:

“Harvey is to bankruptcy what Beyoncé is to pop music. He’s a single name that defines the field.”

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