The Daily Docket: Centerbridge Blasts Lehman Plan

New York hedge-fund manager Centerbridge Credit Advisors LLC is objecting to Lehman Brothers Holdings Inc.’s liquidation plan, saying among other things that some of its claims are being treated less favorably than they should be. Read the Daily Bankruptcy Review article here.

New Mexico’s Gerald Champion Regional Medical Center Tuesday sought shelter in bankruptcy, hoping the move will enable it to resolve medical malpractice lawsuits currently blocking the company’s access to fresh financing. Click here for the DBR Small Cap article.

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The Second U.S. Circuit Court of Appeals ruled that Bernard Madoff trustee Irving Picard can approve victims’ claims based on how much of their principal deposits were lost after Madoff’s fraud was exposed, The Wall Street Journal reports.

Mall owner General Growth Properties Inc. is going to fight two rulings for it to pay $100 million in extra interest related to loans it had before it filed for bankruptcy protection, Reuters reports.

According to Bloomberg, Vitro SAB’s defaulted bonds have fallen to a six-week low, thanks to a ruling allowing the glassmaker to gain control over creditors in its restructuring.

Frank Sinatra’s estate has come together with four other season-ticket holders for the Los Angeles Dodgers to seek an official say in the ballclub’s future, Reuters reports.

Evergreen Solar Inc.’s bankruptcy filing signals the difficulty of creating “green” manufacturing jobs in the U.S., WSJ reports.

Philadelphia Orchestra musicians rejected a plan prepared by management leaders, the Philadelphia Inquirer reports. According to a letter from the musicians, the plan has “serious flaws.”

Credit Slips examines state bankruptcy proposals and a theory of bankruptcy as an “unstable political bargain, rather than an economic bargain.”