The Daily Docket: First Mariner Enters Bankruptcy

02/11/14

First Mariner Bancorp, the holding company for Maryland community bank 1st Mariner, filed for Chapter 11 bankruptcy Monday in order to sell its bank subsidiary. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

Plastipak Packaging Inc. of Michigan won court approval on Monday to take over the U.S. assets of Constar International Holdings LLC, a maker of plastic containers, for $102.45 million, DBR (sub. req.) reports.

Detroit’s set to push back the date it will file its debt-cutting plan, WSJ reports.

According to WSJ, Australian mine contractor Forge Group, which is involved in building a $10 billion mine in the U.S., needs help to put off insolvency.

Energy Future Holdings Corp. is looking to get loans to help it through bankruptcy, Bloomberg reports.

Shipbuilding company OSX Brasil SA is talking with bondholders over lease terms of an oil-production ship, Reuters reports.

According to the Am Law Daily, nine more former partners of defunct law firm Dewey & LeBoeuf LLP got hit with clawback suit.

General Growth Properties Inc. bought the rest of Pershing Square Capital Management LP’s stake in the company, WSJ reports.

Opera star Plácido Domingo will sing at the New York City Opera’s 70th anniversary celebration, the New York Times reports.

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

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