The Daily Docket: Borders Wins OK to Auction Name, Website

A judge Wednesday approved procedures for an auction of Borders Group Inc.’s website and other intellectual property, a step that could keep the liquidating bookseller’s brand name alive even after its physical stores are all gone. Read the Daily Bankruptcy Review story here.

Russian conglomerates Kaskol and RU-COM will increase their energy holdings by together acquiring Composite Technology Corp.’s assets out of its U.S. bankruptcy proceeding in a deal valued at more than $11 million. Read the Daily Bankruptcy Review Small Cap story here.

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Lee Enterprises Inc. planned to ask lenders to participate in a debt-exchange Wednesday night that would buy the newspaper publisher time to continue reworking its finances, The Wall Street Journal reports.

Holders of more than $3 billion in debt issued by Jefferson County, Ala., are about $100 million away from a deal to avert the biggest municipal bankruptcy-protection filing in U.S. history, says WSJ.

Bank of America Corp. Chief Executive Brian Moynihan, in a 90-minute phone call with thousands of investors, sidestepped questions about whether he’d consider placing the bank’s troubled Countrywide unit into bankruptcy, WSJ reports.

Lawyers, consultants and advisers to old General Motors Corp. have asked a federal bankruptcy judge to approve about $125 million in fees for GM’s court restructuring, the Detroit News reports.

Some European suppliers are preparing to demand cash-strapped Swedish Automobile be declared bankrupt, hoping the threat will pressure the carmaker into paying debts, reports Reuters.

Former University of Georgia football coach and ex-ESPN analyst Jim Donnan has reached a settlement agreement in his pending bankruptcy case that would have him return millions of dollars he made from an alleged Ponzi scheme, according to ESPN.

Seeking Alpha’s H.J. Huneycutt looks at the problems facing Beazer Homes and says there’s a 30% chance the company could file for bankruptcy in the next three years.