The Daily Docket: Midland Says It Didn’t ‘Bully’ Resorts Into Sale...

10/15/12

The fight to bring four marquee U.S. hotels out of bankruptcy is turning increasingly nasty, with a hedge fund accusing the company that oversees their mortgage debt of “bullying” management into accepting a $1.5 billion offer from Singapore’s sovereign wealth fund. Read the Daily Bankruptcy Review article here.

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According to The Wall Street Journal, former partners of Dewey & LeBoeuf LLP don’t have to deal with more litigation because of a settlement to pay off some Dewey debt.

As it looks to exit bankruptcy Eastman Kodak Co. wants hundreds of millions of dollars in financing, Deal Journal reports.

CSD LLC, which bought entertianer Wayne Newton’s ranch in 2010, entered Chapter 11 bankruptcy Friday, the Las Vegas Review-Journal reports.

Above the Law looks at American Airlines’ hefty bankruptcy fees.

Stephen Lubben discusses liquidation authority via DealBook.

The American Civil Liberties Union is going to sue Morgan Stanley for fueling production of mortgage loans that targeted African-American borrowers who couldn’t afford them, the New York Times reports.

Credit Slips looks at the detention of an Argentine navy ship.

The Financial Times discusses “The Last of the Imperious Rich,” a book about the history of Lehman Brothers Holdings Inc.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa.


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