The Daily Docket: Dodgers Whiff On MLB Probe

A bankruptcy judge Friday turned down a bid by the Los Angeles Dodgers to probe Major League Baseball’s dealings with other MLB members for proof Commissioner Bud Selig is treating the ball club unfairly. Read the Daily Bankruptcy Review story here in The Wall Street Journal.

Sbarro Inc. on Friday filed an amended restructuring plan under which certain creditors have pledged up to $35 million in new capital for the struggling pizza chain. Read the Daily Bankruptcy Review Small Cap story here.

(The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC click here.)

Chrysler Group LLC and the United Auto Workers will begin hammering out the final details of a new labor contract Monday that could go to the union’s rank and file for a vote by the end of the week. Read The Wall Street Journal story here.

The board of beleaguered Franco-Belgian bank Dexia SA on Monday approved the rescue plan agreed by the governments of Belgium, France and Luxembourg, WSJ reports, which includes the sale of the Belgian unit for €4 billion ($5.35 billion) to the Belgian state and a €90 billion guarantee over its funding for the next ten years.

WSJ’s Washington Wire  reports a top Republican lawmaker is questioning whether the Energy Department rushed approval for $4.75 billion in loan guarantees to three companies just hours before much of the funding for the loan guarantee program was set to expire.

Economist Simon Johnson says in Bloomberg that fears that Europe’s debt crisis will spread to the U.S. show that the problem of “too big to fail” hasn’t bee fixed, despite passage of the Dodd-Frank financial reform legislation.

The Baltimore Sun reports on the Jewish Times bankruptcy, in which two old Baltimore families–former allies–have become bitter foes.

Over at Credit Slips Bob Lawless says the latest bankruptcy filing statistics form Epiq Systems show a dramatic drop in the bankruptcy filing rate.