The Daily Docket: Saab Files for Bankruptcy Protection in Sweden

Saab Automobile AB Wednesday filed for protection from its creditors in Sweden, in a move that buys time for the car maker to secure additional short-term funding to restart production, reports The Wall Street Journal.

SunCal says one of its Los Angeles-based real estate projects should be able to dodge a $354 million claim filed by a unit of lender Lehman Brothers Holdings Inc. because the California developer never signed the legal papers guaranteeing the loan. Read the Daily Bankruptcy Review story here.

Evergreen Solar Inc.’s unsecured creditors have their eye on the Chinese joint-venture that absorbed the bulk of the company’s manufacturing business as they look for a way to get paid in Chapter 11. Read the Daily Bankruptcy Review Small Cap story here.

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NewPage Corp.,the struggling papermaker owned by private-equity firm Cerberus Capital Management LP, filed for Chapter 11 bankruptcy protection Wednesday in Delaware, WSJ reports.

Four of the biggest names in real estate have submitted bids for Archstone, but the offers aren’t high enough to resolve a dispute among the owners about how and when to unwind the apartment giant, according to WSJ.

Sergio Marchionne was elected chairman of Chrysler Group LLC’s board of directors on Tuesday, WSJ reports, further consolidating his control over the U.S.-based auto maker and giving him more freedom to meld the company with Italy’s Fiat SpA.

Spain’s central bank kicked off the sale of Caja de Ahorros del Mediterráneo a day after the bailed-out lender disclosed huge losses and triggered new fears about the health of the country’s ailing savings banks, says WSJ.

Jeld-Wen Inc., Oregon’s largest privately held company, faces potential bankruptcy after failing to sell junk bonds needed for a rescue deal, the Oregonian says.

A dispute over insurance payments is threatening to blow up the Catholic Diocese of Wilmington’s bankruptcy reorganization plan, according to the Associated Press.

The committee representing creditors in the Los Angeles Dodgers’ bankruptcy case has asked for court permission to retain an investment banking firm for a $1.25-million fee and a monthly payment of $125,000, the Los Angeles Times reports.

And Conrad Black heads back to prison, according to Canada’s National Post.