The Daily Docket: Kodak Hires Restructuring Lawyers

10/03/11

Eastman Kodak Co. has hired Jones Day as restructuring attorneys, The Wall Street Journal reports. The 131-year-old company is tackling investor worries but says it doesn’t intend to file for bankruptcy.

Once slated for liquidation, Corus Bankshares Inc. received court approval for its bankruptcy-exit plan that calls for the former Illinois bank-holding company to emerge as a real-estate investment firm. Read the Daily Bankruptcy Review article via WSJ.

(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 WSJ, the Department of Justice wants to put control of Solyndra LLC in the hands of a trustee.

Barclays Plc and Bank of America Corp. are done with a deal over the Archstone apartments after months of grappling with Lehman Brothers Holdings Inc.’s estate, WSJ reports.

Barnes & Noble Inc. bought Borders Group Inc.’s customer list, WSJ reports.

According to CBC, Blockbuster Canada is closing its Ottawa stores.

A Texas judge awarded $25 million in damages to the groups who applied Pilgrim’s Pride with poultry, the News Star reports.


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