The Daily Docket: Lehman Seeks Approval of $390M Deals

As Lehman Brothers Holdings Inc. prepares to start paying out some $65 billion to its creditors, it’s seeking approval of deals to bring more than $390 million into its coffers. Read the Daily Bankruptcy Review article here.

The committee of unsecured creditors in Syms Corp.’s Chapter 11 bankruptcy case is objecting to the shuttered retailer’s proposal to terminate the lease on its Fifth Avenue Manhattan property, saying the lease should be auctioned along with its other retail store leases. Click here to read the article in DBR Small Cap.

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Developments reports on Lehman Brothers Holdings Inc.’s estate’s hiring of Gleacher & Co. to work on Archstone.

Construction-equipment renter Ahern Rental Inc. filed for Chapter 11 protection with more than $600 million in debt, the Las Vegas Review-Journal reports.

The Wall Street Journal reports that Eastman Kodak Co. promoted its general counsel to president and prepared to sell its Eastman Gelatine Corp. business.

SB Nation discusses Los Angeles Dodgers owner Frank McCourt’s “letter to Santa.”

The Harrisburg, Pa., City Council appealed a bankruptcy judge’s decision to dismiss the struggling municipality’s bankruptcy case, the Patriot-News reports.

According to WSJ, more than 800 borrowers at Capital One Financial Corp. have sued the company or filed other legal actions.

According to Reuters, the continuing shakeout of the solar-power industry is seeing a lot of companies fail or sell out.

WSJ reports that hedge-fund manager Philip Falcone balked at a Securities and Exchange Commission settlement that would have finished off his career.

A bankruptcy judge allowed Andarko Petroleum Corp. to exclude some evidence from a pollution lawsuit brought by chemical maker Tronox Inc.’s creditors, Bloomberg reports.

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