The Daily Docket: Cerberus Is Still Interested In Innkeepers

Cerberus Capital Management LP remains interested in buying 64 Innkeepers USA Trust hotels for a lower price than the private-equity firm had agreed to in a previous deal, The Wall Street Journal reports.

Nebraska Book Co. Tuesday won permission to poll creditors on its Chapter 11 plan, after reaching a deal that won the support of private equity owner Weston Presidio for the reorganization proposal. Read the Daily Bankruptcy Review story here.

Franchisees say Round Table Pizza Inc.’s plan to exit bankruptcy is “dead on arrival” as long as the pizza chain fails to remedy such alleged wrongdoing as its acceptance of vendor kickbacks and mishandled funds. Read the Daily Bankruptcy Review Small Cap story here.

(The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC click here.)

The Federal Deposit Insurance Corp. must face a $10 billion lawsuit over the toxic remnants of Washington Mutual Bank, Daily Bankruptcy Review reports. Read it here in WSJ.

Free from bankruptcy, ION Media Networks is joining with PMC, the digital-media company owned by entrepreneur Jay Penske, is making a push into entertainment television by teaming up with ION Television to produce short news segments on Hollywood, says WSJ.

The value of U.S. bankruptcy claims traded in July was the highest since the same month a year earlier, according to MarketWatch.

W.R. Grace & Co. lost an auction last month in which the specialty-chemical maker bid in secret for assets it would not publicly identify, the company told the judge overseeing its bankruptcy case, reports Bloomberg.

DealBook’s Stephen Lubben says it’s more likely that Lehman Brothers will confirm a Chapter 11 plan before the European Union will work out its similar issues regarding Greece, Portugal, Ireland, Italy and Spain.