The Daily Docket: Judge Says Union’s Pension Stance Threatens Hostes...

The judge charged with determining whether Hostess Brands Inc. can shed its labor deals in bankruptcy Thursday said union demands about the pension plans could “dramatically” reduce the value of the company or potentially wreck Hostess’s search for fresh capital. Read the Daily Bankruptcy Review article here.

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Leaders of Dewey & LeBoeuf LLP are looking at a prepackaged bankruptcy plan, The Wall Street Journal reports.

According to Reuters, U.S. Bankruptcy Court Judge James Peck narrowed Lehman Brothers Holdings Inc.’s $8.6 billion lawsuit against J.P. Morgan Chase & Co.

In other Lehman news, Bloomberg notes that Lehman’s Swiss unit has sued the Bank of Singapore for $20 million over equity derivative deals.

CreditSlips looks at the case of airport-hotel owner RadLAX, which is going before the Supreme Court Monday.

Union representatives at American Airline are supporting a merger with US Airways Group Inc., WSJ reports.

Eastman Kodak Co. Chief Executive Antonio Perez’s total compensation in 2011 declined for the second straight year as the 131-year old company headed toward a bankruptcy filing, the company indicated in a court filing. Read the DBR article via WSJ.

DealBook reports that CVC Capital Partners is close to settling a deal to buy consulting firm AlixPartners, which does a lot of restructuring work.

Rhode Island said it’s going to sell $118.5 million in bonds because of its financial problems with cities including its capital of Providence, Bloomberg reports.

The budget and teacher negotiations for the city of Central Falls, R.I., is getting taken over by the education commissioner and the state Board of Regents, according to the Providence Journal.

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