The Daily Docket: Lehman Fights Over Archstone
Lehman Brothers Holdings Inc. sparred in court Thursday with Bank of America Corp. and Barclays PLC over the future of the Archstone apartment company if a big stake in the firm ends up in the hands of its biggest rival, Sam Zell’s Equity Residential. Read the Daily Bankruptcy Review article here.
Mrs. Fields Famous Brands, which owns the famous cookie franchise, will announce Friday the overhaul of its corporate board following a debt restructuring that helped it avoid a potential bankruptcy filing. 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 The Wall Street Journal, a judge ruled that more than a thousand Bernard Madoff investors can’t try to recoup their lost money.
MF Global Holdings Ltd. trustee Louis Freeh won’t turn over certain documents to people investigating what happened to $1.2 billion in missing customer money, WSJ reports.
Vanity Fair writes about former MF Global Chief Executive Jon Corzine’s personal and professional battles.
WSJ shares some stories of workers with the financially struggling Eastman Kodak Co.
According to SB Nation, the New York Mets have hired CRG Partners, the turnaround group in the Texas Rangers bankruptcy case.
The Financial Times ponders why credit event auctions exist.
Chrysler Group LLC will add 1,100 jobs at its Jefferson North assembly plant, the Detroit Free Press reports.
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