The Daily Docket: Grocery Chains Balk At A&P Union Deal

The Giant and Stop & Shop supermarket chains are balking at A&P’s deal with its unionized employees to slash wages and benefits, claiming they may be forced to pick up the slack with respect to a multiemployer plan the three chains share. Read the Daily Bankruptcy Review article here.

Getty Petroleum Marketing Inc., a former unit of Russian oil company OAO Lukoil, filed for Chapter 11 bankruptcy protection Monday in the midst of a lease dispute with one-time affiliate Getty Realty Corp. Click here to read the article in DBR Small Cap.

(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.)

According to Reuters, Lehman Brothers Holdings Inc.’s Tuesday hearing could spell the end of its bankruptcy case.

According to The Wall Street Journal, the battle for the Archstone apartments intensified as Lehman’s estate challenged a deal by Equity Residential to buy a 26.5% stake.

Lehman also named its new group of directors, WSJ reports.

A federal judge ordered prosecutors to investigate two bankruptcy-petition preparers, the Milwaukee Journal Sentinel reports. That brings to four the number of contempt cases against preparers.

According to WSJ, MF Global Holdings Ltd.’s executive who controls risks brought up concerns last year to firm directors about former Chief Executive Jon Corzine’s bet on European bonds.

WSJ also notes that Eastman Kodak Co. has regrouped its advisers as it seeks to avoid bankruptcy.

David Nicklaus of the St. Louis Post-Dispatch, which is owned by Lee Enterprises Inc., thinks a bankruptcy could give hope to the newspaper industry.

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