The Daily Docket: Dendreon Clears First Bankruptcy Hearing

Dendreon Corp. on Wednesday cleared its first bankruptcy court hearing, launching a process in which lenders owed $620 million have agreed to take less than half that amount from anyone willing to buy the cancer-drug-making business. Read the Daily Bankruptcy Review article here.

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The Securities and Exchange Commission wants $329 million from Samuel Wyly and his brother Charles’s estate, Bloomberg reports.

Denmark-based OW Bunker ’s bankruptcy has hit Singapore’s shipping-fuel dealers hard, The Wall Street Journal reports.

Detroit’s emergency manager, Kevyn Orr, writes about the fresh start bankruptcy has given the city via the Detroit News.

According to Bloomberg, the U.S. government expects to earn $5 billion to $6 billion from the renewable-energy program that gave money to companies including Solyndra LLC.

Investment bank Piper Jaffray might lead bidding on the operator of the Indiana Toll Road lease, the Associated Press reports.

Credit scores might still be negatively affected by debt canceled in bankruptcy, DealBook reports.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa