The Daily Docket: McCourt Added to Dodgers Suit
Broadcaster Fox Sports is taking another swing at embattled Los Angeles Dodgers owner Frank McCourt, adding him to a lawsuit on charges of improperly shopping the team’s valuable media rights. Read the Daily Bankruptcy Review article here.
A taxpayer advocacy group is backing Harrisburg’s bankruptcy, arguing that the state’s new anti-bankruptcy law unfairly deprives Pennsylvania’s state capital access to the nation’s legal system. 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.)
The Wall Street Journal reports that many former customers of MF Global Holdings Ltd. now expect to get back at least some of their missing money after a judge ruled Thursday to unlock 60% of the cash in the company’s accounts.
Also according to WSJ, some of the biggest hedge funds and private equity firms bought some of MF Global’s shares, bonds and debt.
The New York Times covers Elizabeth Warren on the campaign trail.
Bank of America Corp. told Fannie Mae it won’t oblige its stance on loan buybacks, Bloomberg reports.
Blackstone Group LP is set to take over 16 office buildings worth about $800 million, WSJ reports, cementing its status as an aggressive commercial real estate buyer.
According to the Financial Times (subscription required), auto-parts maker Delphi wants acquisitions to expand its business and to bolster its Asia-Pacific presence.
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