The Daily Docket: AMR Judge Delays Exit-Plan Decision
A judge declined to approve AMR Corp.’s plan to exit bankruptcy through a merger with US Airways Group Inc., citing the Justice Department’s antitrust lawsuit against the deal. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Edison Mission Energy is looking to block its unsecured creditors from suing parent Edison International because it says it’s “ready, willing and able” to do so itself. Click here for the DBR article.
A Hawaiian family wants a bankruptcy judge to allow it to seize back the land it sold to troubled developer 1250 Oceanside Partners as part of a stalled $1 billion Big Island real-estate project. The DBR Small Cap article is available here.
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According to Reuters, Detroit’s two public pension funds plan to object Monday to the city’s bankruptcy filing.
The remains of Lehman Brothers Holdings Inc. want a bankruptcy judge to end Citigroup Inc.'s “interest rate arbitrage” with respect to their rival claims on $2 billion in cash Lehman deposited at Citigroup about three months before it collapsed. Read the DBR article via Nasdaq.
Barclays Plc said Detroit’s general-obligation bonds give a “strong case” to be considered secured debt in the city’s Chapter 9 bankruptcy case, Bloomberg reports.
The Securities and Exchange Commission banned newspaper mogul Conrad Black from being a director of Hollinger International and ordered him to pay restitution in a settlement, Reuters reports.
California sold $5.5 billion in short-term debt Thursday, WSJ reports.
WSJ reports on the new owner for the New Jersey Devils.
According to the Patriot-News, the state’s attorney general is investigating possible criminal activity regarding the city of Harrisburg’s incinerator deal.
Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.
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