The Daily Docket: Dodgers Win OK To Tap Bankruptcy Loan

The Los Angeles Dodgers received court approval Tuesday to tap part of a $150 million bankruptcy loan from a J.P. Morgan Chase & Co.-owned hedge-fund manager that will fund the team’s operations while owner Frank McCourt scrambles to keep control of the team. Read the Daily Bankruptcy Review story here.

A federal appeals court on Tuesday upheld a bankruptcy court ruling striking down the InterContinental Chicago O’Hare hotel’s auction plans because it wrongly sought to bar the hotel’s lenders from offering debt forgiveness in exchange for its assets. Read the Daily Bankruptcy Review Small Cap story here.

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Just a few months after selling the Trump Marina casino, Trump Entertainment Resorts is putting Atlantic City’s storied Steel Pier amusement park on the block. Read The Wall Street Journal story here.

A federal bankruptcy judge has sided with Madoff trustee Irving Picard in the latest dispute over who should qualify for recovery among victims of Bernard Madoff’s Ponzi scheme, WSJ reports.

WSJ reports policyholders opposed to a restructuring plan at bond insurer MBIA Inc. can sue for fraudulent conveyance and breach of contract to stop the effort, the New York Court of Appeals ruled Tuesday.

Swedish Automobile NV Tuesday announced a partial sale and lease-back agreement on Saab Automobile’s real-estate assets, WSJ says, as the car maker continues its search for cash to pay workers and suppliers to enable it to restart production.

Lehman Brothers Holdings Inc said it has received a wider base of support from creditors for its reorganization, and filed a new plan it hopes will help it emerge from bankruptcy and pay creditors faster, Reuters reports.

A bankruptcy hearing for Giordano’s pizza chain turned into what the judge called a “sideshow” and a “circus” and resulted in an Arizona man being led away by three security guards and escorted out of the building after he interrupted the proceedings and made a vaguely threatening remark, the Chicago Tribune reports.