The Daily Docket: Kodak Likely to Leave Chapter 11 Tuesday

Eastman Kodak Co. is likely to officially leave bankruptcy Tuesday, USA Today reports.

First Reserve Corp.’s Longview Power LLC, a 700 megawatt coal-fired power project in West Virginia, filed for Chapter 11 Friday. Read more about it in Daily Bankruptcy Review article via The Wall Street Journal.

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Anchor BanCorp Wisconsin Inc.’s Chapter 11 exit plan was approved, the Milwaukee Journal Sentinel reports.

According to the Detroit Free Press, attorneys for the state of Michigan want to prevent subpoenas of Gov. Rick Snyder and others over Detroit’s bankruptcy filing.

Norway-based Kvaerner, which was involved in Longview’s U.S. power plant construction, said it wasn’t sure how Longview’s Chapter 11 case would affect it, Reuters reports.

According to WSJ, a new lawsuit accuses money manager J. Ezra Merkin of knowing Bernard Madoff’s business was fraudulent.

WSJ has more on ex-Los Angeles Dodgers owner Frank McCourt’s purchase of a $167 million Manhattan development.

Kenya’s Uchumi Supermarkets Ltd., which has taken a turn in bankruptcy, said profit jumped 30%, Bloomberg reports.

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