The Daily Docket: Dodgers Sale Is Complete

The Los Angeles Dodgers said Tuesday the $2 billion sale of the team and stadium to an investment group headed by Earvin “Magic” Johnson is complete. Read the Daily Bankruptcy Review article here.

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Prince Sports Inc., racket maker for such tennis legends as Jimmy Connors and Martina Navratilova, filed for bankruptcy protection as it struggles to compete with better-equipped rivals. Read the DBR Small Cap article via The Wall Street Journal.

American Airlines parent AMR Corp. appointed Denise Lynn as its new head of labor relations, WSJ reports.

WSJ reports on the turmoil at law firm Dewey & LeBoeuf LLP and how it could send hundreds of employees into a bad legal-job market.

DealBook discusses Dewey & LeBoeuf’s fall into darker days.

The U.K.’s leading antifraud group’s mistakes in a case involving London’s Tchenguiz brothers caused a judge to declare the Serious Fraud Office’s incompetence, the latest problem in a probe that started in the wake of the economic crisis, the Financial Times reports.

Some of Elpida Memory Inc.’s bondholders threatened to try to stop an auction if trustees agree to sell the company for $1.9 billion, Reuters reports.

According to Bloomberg, Andarko Petroleum Corp. is fighting a $25 billion lawsuit to compensate claimants and clean up toxic chemicals left by the former Kerr-McGee Corp.

DealBook talks about lobbyists’ warnings on derivatives rules.

The Environmental Protection Agency will get $39.2 million from a settlement between the government and the entity dealing with leftover business form when General Motors filed for bankruptcy, the Associated Press reports.

DealBreaker looks back on the days before Lehman Brothers Holdings Inc.’s crash, when it sought to rebuff “cheap” offers from Korea Development Bank.

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