The Daily Docket: Lehman Sues Goldman Over Office Deal
A real-estate fund run by Goldman Sachs Group Inc. has walked away from a $1.26 billion deal with Lehman Brothers Holdings Inc. to buy a portfolio of 10 office buildings in a suburb of Washington, according to a lawsuit filed Thursday. Read the Daily Bankruptcy Review story here in The Wall Street Journal.
Open Range Communications Inc., which was slated to partner with wireless company LightSquared to provide broadband Internet service to rural areas, sought Chapter 11 protection Thursday after its government loan funding was cut off. Read the Daily Bankruptcy Review Small Cap story here.
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A federal judge dealt a blow to retirees of Lehman Brothers Holdings Inc., rejecting their bid to sue the investment bank’s executives and directors, including former chief executive Richard Fuld, for squandering their retirement savings in the investment bank’s stock. Read the Daily Bankruptcy Review story here in WSJ.
Jonathan Silver, head of a government loan program that awarded $535 million in guarantees to solar-panel maker Solyndra LLC, is leaving the Energy Department for a position at a Washington think tank, WSJ reports.
Trading in Dexia’s stock was suspended Thursday, says WSJ, as governments and the bank’s management scrambled to figure out what to do with the Franco-Belgian lender.
The Federal Reserve Bank of New York looks at what happened to UAL Corp.’s in September 2008, when a six-year-old report on the company’s bankruptcy filing appeared online and was treated as a new story, reports Bloomberg.
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