The Daily Docket: MSD Performances Enters Bankruptcy

MSD Performance Inc., which makes performance auto products for street and racing use, on Thursday filed for Chapter 11 protection. Read the DBR Small Cap article here.

(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, visit our homepage, scroll to the bottom and click “try for free.”)

Hotel Internet provider IBahn Corp. filed for bankruptcy protection, Bloomberg reports.

The founder of Peregrine Financial Group Inc., Russell Wasendorf Sr., might face more questioning from customers who lost money and a bank that’s been implicated in his fraud, The Wall Street Journal reports.

The Detroit News reports on an appraisal of the art collection owned by the Detroit Institute of Arts.

According to Reuters, Fiat SpA’s trial over buying out a minority owner in Chrysler Group LLC may have to wait until 2015.

Stephen Lubben writes via DealBook about the path taken by Anchor BanCorp Wisconsin in bankruptcy.

A Wall Street Journal video discusses how the “too big to fail” issue may still not be resolved.

The New York Post looks at what debtholder Newscastle Investment Corp.’s goals might be in the bankruptcy of GateHouse Media Inc.

Read more about pari passu wishful thinking in CreditSlips.

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