The Broke and the Beautiful: Nevin Shapiro Edition

This week on The Broke and the Beautiful, former University of Miami booster Nevin Shapiro’s bankruptcy trustee is racking up the recoveries. Also, rapper Young Buck might face bankruptcy liquidation, and B.B. King’s Blues Club is still grappling with its Las Vegas landlord.

Bankruptcy trustee Joel Tabas has so far recovered about $19 million for victims of Ponzi-scheme operator Nevin Shapiro. According to the Miami Herald, the former University of Miami booster’s lawyers haven’t paid up, though. Tabas has sued lawyers Guy Lewis and Michael Tein for $912,536, seeking to recover value from a Riviera yacht Shapiro sold the lawyers to pay off legal bills (presumably washing it clean after entertaining Hurricanes football players with prostitutes).

A bankruptcy judge swung a new order at the Los Angeles Dodgers this week, Bloomberg reported. Judge Kevin Gross of the Wilmington, Del., bankruptcy court told the baseball team to turn over court papers used by Thomas Schieffer, whom Major League Baseball tapped to oversee operations in April but who left after the Dodgers filed for bankruptcy. Schieffer—a former president of the Texas Rangers—had put in some extra phone lines and a separate computer server at Dodger stadium and brought in a filing cabinet so MLB documents could “at all times be kept away” from team officials and owner Frank McCourt, Bloomberg noted.

In other Dodgers news, injured San Francisco Giants fan Bryan Stow left the hospital this week, the San Francisco Chronicle reported. But Stow, who suffered a brain injury in March resulting from an assault he suffered at Dodger Stadium on Opening Day, still has a way to go in his recovery. According to the paper, Stow’s family said he can’t yet walk and is still on strong medications. (Bankruptcy Beat noted in July that Stow may be owed up to $30 million by the Dodgers, which would make him the struggling team’s biggest creditor.)

Young Buck’s bankruptcy trustee says the rapper may be facing Chapter 7 liquidation. As Bankruptcy Beat noted, Jeanne Burton has been working since the beginning of the year to get the former 50 Cent protégé on a path out of Chapter 11. But 50 Cent his and G-Unit Records have opposed the bankruptcy plan, filed in June, and 50 Cent and Young Buck haven’t been able to work out a recording agreement with the record label. “At this time, because no agreement has been reached with G-Unit and Curtis Jackson regarding either assumption or rejection for the recording agreement and/or the publishing agreement, the first amended plan cannot be confirmed,” Burton said in court papers. Burton also said some of Young Buck’s money has been misappropriated, further hurting the rapper’s ability to make his way out of bankruptcy.

B.B. King’s Blues Club may be singing the “3 O’Clock Blues” a little while longer. As Vegas Inc. reported, the Las Vegas club’s lawyers asked the bankruptcy court to approve its lease continuation with the Mirage but is still grappling with owner MGM Resorts International. But last week, the Mirage opposed the plan to keep operating under the disputed lease, noting that it served the club with eviction papers right before its operator, Beale Street Blues Co. Las Vegas LLC, filed for bankruptcy in February.

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