The Daily Docket: Abound Enters Bankruptcy

Abound Solar Inc., the recipient of a federal loan guarantee from the U.S. Department of Energy, filed for Chapter 7 bankruptcy liquidation Monday. Read the Daily Bankruptcy Review article here.

Lehman Brothers Holdings Inc.’s advisers at Alvarez & Marsal are requesting court approval of as much as $91 million in incentive fees, positioning the firm to earn more than $600 million for its crisis-management work in the biggest Chapter 11 case of all time. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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According to the Associated Press, a bankruptcy judge approved Eastman Kodak Co.’s auction of its imaging-patent portfolios over objections from Apple Inc. and Flashpoint Technology Inc.

The town of Mammoth Lakes, Calif., said it will file for Chapter 9 bankruptcy protection because it can’t afford to pay a $43 million breach-of-contract judgment, the Los Angeles Times reports.

A judge on Monday said Dynegy Holdings LLC can send its latest restructuring plan to creditors for a vote, DBR reports. Read more at Fox Business.

According to WSJ, Chrysler Group LLC’s sales rose 20% in the U.S. as demand has become higher for its passenger cars and trucks.

Fiat SpA said Tuesday it would raise its stake in Chrysler to 61.7%, WSJ reports.

A WSJ video discusses Micron Technologies Inc.’s purchase of Elpida Memory Inc.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @WSJBankruptcy.