The Daily Docket: MLB Takes Aim at Dodgers’ Owner

On the heels of the Los Angeles Dodgers’ demanding testimony from Major League Baseball Commissioner Bud Selig and several other executives, the league’s attorneys would like a word with team owner Frank McCourt. Read the Daily Bankruptcy Review story here.

An entity called One Madison FM LLC says HFZ Capital Group’s bankruptcy takeover of One Madison Park is not a done deal and it’s willing to top HFZ’s offer by $58 million in order to trigger a fair market showdown to determine who gets the condominium development. Read the DBR Small Cap story here.

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Fewer Americans filed for bankruptcy in the first half of 2011, The Wall Street Journal reports.

Chapman University is offering to buy the Crystal Cathedral property in Southern California for $46 million, the Los Angeles Times reports.

Progress on developing an international framework to protect the global financial system from the failure of large banks needs to be accelerated, the Basel Committee on Banking Supervision said Wednesday, Dow Jones Newswires reports.

Borders Group Inc. has warned investors that its stock could soon be worthless, the Detroit News reports.

TerreStar Networks Inc. is facing two objections to its proposed sale to Dish Network Corp, Reuters reports.

Dana Holding Corp., which emerged from Chapter 11 protection in 2008, said Tuesday it expanded its control in two emerging-market ventures, WSJ reports.