The Daily Docket: Lehman Reaches Deal With SunCal

Lehman Brothers Holdings Inc. and California land developer SunCal Cos. reached a settlement in their long-running fight over the fate of more than a dozen stalled real-estate projects. Read the Daily Bankruptcy Review article here.

An affiliate of Colony Capital LLC that’s foreclosing on a segment of Jameson Inn’s mezzanine debt wants a judge to throw out its recently filed bankruptcy case, saying that the company requested Chapter 11 protection with “no realistic possibility” of reorganizing. Click here to read the article in DBR Small Cap.

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Capmark Financial Group Inc. filed suit against several units of Goldman Sachs Group Inc. over a loan agreement, The Wall Street Journal reports. Capmark accused Goldman Sachs of having an advantage over other creditor through a $1.5 billion creditor facility created in May 2009.

Also according to WSJ, Eastman Kodak Co. has been talking about getting $900 million in rescue money from hedge funds that would help the company’s finances while trying to sell patents.

Reuters reports that Dynegy Inc. is talking with bondholders, who balked at a $1.25 billion refinancing, about a plan to place one of the power producer’s subsidiaries in bankruptcy.

Pennsylvania’s governor declared a fiscal emergency in the state capital of Harrisburg, WSJ reports, which he said had to happen to keep operating city services.

According to Bloomberg, the owners of the New York Mets are saying a judge shouldn’t let the Bernard Madoff trustee Irving Picard appeal a ruling partially letting them off the hook on a $1 billion lawsuit.

Major League Baseball is accusing Frank McCourt, the owner of the Los Angeles Dodgers, of “looting” $190 million from the struggling baseball team, according to ESPN LA.

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