The Daily Docket: RadioShack Lender Brawl Is Brewing

- Sale signs are displayed as customers browse inside a RadioShack Corp. store that is closing in New York.
- Bloomberg News
Harbinger Group Inc.’s specialty lending arm has gone on the offensive against other lenders in RadioShack’s bankruptcy case, with a lawsuit that seeks to put a lid on credit bidding at a coming bankruptcy auction. The Wall Street Journal has the Daily Bankruptcy Review article here.
(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)
LightSquared filed a restructuring plan Tuesday that would give Charlie Ergen what he has said he wants in the wireless spectrum company’s Chapter 11 case—all cash for the roughly $1 billion he is owed. Read the DBR article in WSJ.
The collapse of plastic-surgery chain Lifestyle Lift illustrates a challenge of operating a lower-cost cosmetic-surgery chain at a time when many consumers are opting for less invasive, and less costly, antiaging treatments. Read the DBR article in WSJ.
A Delaware corporate law judge on Wednesday refused to throw out a lawsuit over alleged improper asset transfers by Caesars Entertainment Corp., the casino giant that put its largest unit into Chapter 11 bankruptcy protection in January. The DBR article is available in WSJ.
Airbus Group NV wants $700 million from Japan’s Skymark Airlines Inc. for canceling an order of planes, Bloomberg reports.
Crain’s New York Business reports on the bankruptcy filing of social-services nonprofit group Federation Employment and Guidance Services.
According to the Chicago Tribune, the company that operates Yellow Cab in Chicago filed for chapter 11 protection hours after a county jury awarded a man brain damaged from a high-speed crash $26 million.
GT Advanced Technologies Inc. is lining up $95 million worth of loans to rehabilitate a business left in disarray by a year-long effort to become a supplier to technology giant Apple Inc., DBR reports in WSJ.
The struggling Sears Holdings Corp. is trying to ease suppliers’ worries, WSJ reports.
Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa
[more]- Feeds Categories:
