The Daily Docket: Cinram Enters Bankruptcy

Struggling to figure out how to sell DVDs and CDs in a download-driven world, Toronto-based movie and music seller Cinram International Inc. has filed for bankruptcy protection while its executives move to sell its operations. Read the Daily Bankruptcy Review Small Cap article here.

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According to The Wall Street Journal, the Supreme Court refused to consider an appeal from Bernard Madoff investors who are looking to recover money from Madoff’s Ponzi scheme.

Also according to WSJ, some big banks need to submit plans on how they can be liquidated easily, but Federal Deposit Insurance Corp. Vice Chairman Thomas Hoening doesn’t think the process will end “too big to fail.”

According to Bloomberg, a London judge said MF Global Holding s Ltd.’s Chapter 11 trustee, Louis Freeh, can take part in all of the firm’s U.K. court proceedings.

Bloomberg also looks at Mexican glassmaker Vitro SAB’s legal fight with hedge funds including Elliott Management Corp. Click here for a video analysis.

Billionaire Ira Rennert’s steel mill’s bankruptcy has environmental group accusing him of ducking responsibility, the New York Post reports.

Weil, Gotshal & Manges LLP’s Bankruptcy Blog looks at Stern v. Marshall a year later.

The city of Birmingham, Ala., which is the county seat for bankrupt Jefferson County, is looking at going back to the bond market but may pay a higher interest rate than similarly credit-worthy areas, WSJ reports.

According to the Patriot-News, Republican lawmakers are pushing for an extension of Harrisburg, Pa.’s bankruptcy ban.

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