The Daily Docket: Lehman Fees Top $1.36B

The fees charged by the army of lawyers, accountants and consultants working on Lehman Brothers Holdings Inc.’s Chapter 11 case topped $1.36 billion last month as the estate paid $34 million in professional bills. Read the Daily Bankruptcy Review article here.

Central Falls, R.I., says it can balance its budget by the start of fiscal year 2013 in a deal that leaves bondholder’s $21 million debt untouched but forces retiree pension cuts of up to 55%. Click here for the DBR Small Cap article.

(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.)

Major League Baseball asked a bankruptcy judge to order that the Los Angeles Dodgers be sold, the Los Angeles Times reports. Thomas Salerno, who was lead attorney for hockey’s Phoenix Coyotes when they were in bankruptcy, called it a “gutsy move.”

The Wall Street Journal reports that contract negotiations between United Auto Workers and the big three auto makers are running into delays.

Takehiko Sugiyama, the head of a new government-sponsored body that’s set to help Tokyo Electric Power Co. settle a crisis at a nuclear power plant and make compensation payments, said the electric company’s cost-cutting plan should be filed by the end of next month, according to WSJ.

The Star-Telegram ponders whether American Airlines’ parent is flying toward bankruptcy.

Marking its first mission since the company swam out of bankruptcy last year, Sea Launch AG conducted a satellite launch, the Associated Press reports.