The Daily Docket: Dynegy Holdings Files Exit Plan

Dynegy Inc. appointed a new chairman and said it joined its Dynegy Holdings LLC unit in filing a proposed reorganization plan with the U.S. bankruptcy court. Read the article in Daily Bankruptcy Review.

Perkins & Marie Callender’s Inc. said Wednesday that it has emerged from Chapter 11 bankruptcy protection with a new parent company after having cut more than $200 million in debt off of its balance sheet. Click here to read the article in DBR Small Cap.

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The House Agricultural Committee may subpoena former MF Global Holdings Ltd. Chief Executive Jon Corzine, The Wall Street Journal reports.

Bernard Madoff trustee Irving Picard plans to appeal a ruling that canceled out more than $19 billion in claims against J.P. Morgan Chase & Co., Reuters reports.

The people and companies that ensure American Airlines planes take flight each day will likely be among the biggest losers in its parent’s bankruptcy. Read the DBR article via WSJ.

According to Bloomberg, AMR Corp. bonds are signaling that American Airlines will get rid of older jets during its bankruptcy case.

According to the Globe and Mail, Canada’s Supreme Court will hear an appeal of a ruling that changed the pecking order for distributing assets in an insolvency.

Clearwire Corp. made a new deal with Sprint Nextel Corp., WSJ reports, in which Sprint will pay it up to $1.6 billion in network fees and other investments.

The operator of the State Fair of Virginia filed for Chapter 11 bankruptcy protection Thursday, the Richmond Times-Dispatch reports.

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