The Daily Docket: Hostess Enters Bankruptcy

Hostess Brands Inc., the maker of Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy protection Wednesday to confront burdensome debt and labor costs that it says have left it fighting to compete. Read the Daily Bankruptcy Review article here.

The latest twist in the saga of Solomon Dwek, government informant and convicted Ponzi-scheming real-estate developer, has sent veteran bankruptcy trustee Charles Stanziale to federal court to seek protection from a “devastating” bankruptcy-court ruling. 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, American Airlines parent AMR Corp. is trying to renegotiate leases on aircraft and is trying to save hundreds of millions of dollars.

Eastman Kodak Co. on Tuesday sued Apple Inc. and HTC Corp. as it tries to get some much-needed cash, The Wall Street Journal reports.

According to the Associated Press, the Los Angeles Dodgers settled a lawsuit with Fox Sports and will adhere to its contract with the network.

A film sponsored by Newt Gingrich depicts Mitt Romney as a financier “more ruthless than Wall Street,” Bloomberg reports. The film attacks Romney’s record as Bain Capital LLC’s chief executive.

According to WSJ, Davidovich’s Bakery is taking over a bunch of H&H’s former accounts, filling a void left by the bagel maker’s downfall.

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