The Daily Docket: Dodgers Turn to Hedge Fund For Financing

The Los Angeles Dodgers turned to a hedge-fund manager owned by J.P. Morgan Chase & Co. to finance its operations––including meeting player payroll this week––while embattled owner Frank McCourt maneuvers to retain control of the baseball team through a bankruptcy proceeding. Read the Daily Bankruptcy Review story here.

Harry & David Holdings Inc. won permission to send its reorganization plan, which contemplates a rights offering and $100 million in exit financing, out to creditors for a vote. Read the Daily Bankruptcy Review Small Cap story here.

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In a marathon six-hour session, shareholders of embattled Tokyo Electric Power Co. sharply criticized management, with some investors making emotional demands for leaders to commit “seppuku”—ritual suicide—and one claim that “the only way you can take responsibility is to jump into a reactor and die!” The Wall Street Journal reports.

The court-appointed receiver for the Jefferson County, Ala., sewer system on Monday postponed a public hearing on his proposal to raise rates by 25%, as the county works to avoid filing what would be the largest municipal bankruptcy in history, Dow Jones Newswires reports.

With officials at loggerheads over how to save Harrisburg, Pa., from a $300 million debt burden, residents of the state capital will grill officials whether the city would be better off filing for bankruptcy says Dow Jones Newswires.

Danish banks are generally sound and well consolidated, and efforts are being made to boost their earnings and reduce vulnerability, Central Bank Governor Nils Bernstein said in a statement Tuesday following the failure of Fjordbank Mors A/S over the weekend, WSJ reports.

A person close to the situation says Chicago businessman Matthew Hulsizer is out as a potential buyer of the financially troubled Phoenix Coyotes, the Associated Press reports.

Two years after real-estate mogul Sam Zell’s brief control of Tribune Co ended in bankruptcy, warring creditors made their final pitches on Monday for the best way to get the owner of the Los Angeles Times out of Chapter 11, reports Reuters.