The Daily Docket: Exide Bondholders Want Leverage

Bondholders are circling Exide Technologies Inc. looking for leverage in a Chapter 11 bankruptcy case that is shaping into a fast-moving revamp of the global battery business. Read the Daily Bankruptcy Review article here.

Coda Holdings Inc. won permission to hand its energy assets to a group of lenders in a $25 million transaction after failing to drum up any rival bids during a bankruptcy sale process. Read more in DBR Small Cap.

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The U.S. Department of Justice this fall will crack down on the millions of dollars of fees that attorneys charge for their work on large Chapter 11 bankruptcy cases. Read the Daily Bankruptcy Review article via The Wall Street Journal.

A Who’s Who of bankruptcy lawyers and consultants are lining up to be part of negotiations that could lead to a bankruptcy filing by the city of Detroit, WSJ reports.

A Detroit bankruptcy could hurt surrounding suburbs financially, news affiliate WXYZ reports.

A U.S. judge Tuesday approved Arcapita Bank B.S.C.’s plan to gradually liquidate itself in a process that conforms with Islamic Shariah law, which generally prohibits borrowing money with interest. The DBR article is available via WSJ.

Investors owed money are securities are suing Suntech Power Holdings Co. for $550,000, Bloomberg reports.

The Irish Times reports on Irish developer Séan Dunne’s upcoming meeting with creditors in his U.S. bankruptcy case.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.