The Daily Docket: Dodgers Seeks Court OK to Sell Television Rights

The Los Angeles Dodgers on Friday sought bankruptcy court approval to sell the right to broadcast the team’s future games in a bid to raise funds. Read the Daily Bankruptcy Review story here.

Three creditors, including a Goldman Sachs Group Inc. lending unit, are attempting to force radio station owner and operator Nassau Broadcasting Partners LP and three affiliates to liquidate their assets under bankruptcy protection. Read the Daily Bankruptcy Review Small Cap story here.

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A Swedish appeals court on Monday granted Saab Automobile AB the right to appeal an earlier ruling by a lower court, a move that will allow it to request bankruptcy protection from its creditors. Read The Wall Street Journal story here.

Five Mile Capital Partners LLC is in discussions to acquire Innkeepers USA Trust in a possible deal valued at more than $1 billion, WSJ reports, after a previous agreement between the hotelier and Cerberus Capital Management LP fell apart.

CIT Group Inc. is looking to rid itself of a $1 billion commercial-loan portfolio as part of a continuing effort to right its ship after emerging from bankruptcy protection in late 2009, WSJ reports.

White House officials received assurances from solar-panel maker Solyndra LLC as recently as May 2011 that its finances were strong, WSJ reports, with the company dismissing concerns raised in media reports that problems were brewing.

Bankruptcy court was a smart pit stop for auto-parts maker Visteon, says Barron’s, which looks at the auto parts maker that filed for protection from creditors in May 2009 and emerged from the process 15 months later.

Officials in Jefferson County, Ala., voted Friday to accept a deal with holders of $3.14 billion of county debt, avoiding at least for now what would have been the largest municipal bankruptcy in U.S. history, WSJ reports.

U.S. District Judge Jed Rakoff said that he rather than a bankruptcy judge will initially decide whether the trustee for Bernard L. Madoff Investment Securities Inc. has the right to sue customers for recovery of so-called fictitious profits, Bloomberg reports.

Lehman Brothers Holdings Inc said in a statement that it reached a tentative agreement with its largest foreign affiliate Lehman Brothers International Europe, related to claims between the two, reports Reuters.