The Daily Docket: Saab Story

Cash-strapped Swedish car maker Saab Automobile declared itself bankrupt Monday, nine months after halting production due to a lack of funds. Read The Wall Street Journal story here.

Homebuilder William Lyon Homes filed for Chapter 11 bankruptcy protection Monday with a plan in hand to slash its debts by about $180 million. Read the Daily Bankruptcy Review story here.

Cayman Island-based investment fund American Pegasus SPC filed for Chapter 15 protection in San Francisco as liquidators struggle to chase down some of the $150 million in subprime automobile loans the fund invested in before U.S. market regulators found that the fund was tainted with widespread mismanagement. Read the Daily Bankruptcy Review Small Cap story here.

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Eastman Kodak Co. is running into hurdles trying to sell some of its patents or borrow more money, as the film giant scrambles to raise cash, WSJ reports.

The director of the Pension Benefit Guaranty Corp. on Friday assailed recent comments by AMR Corp.’s lead bankruptcy lawyer suggesting the airline may be planning to terminate its underfunded employee pension plans, WSJ writes.

Bond insurers, facing big losses if Harrisburg filed for bankruptcy, hired lobbyists as lawmakers debated the city’s fate, Bloomberg reports.

CME Group Inc, which has given $22 million to Chicago-area schools and charities over the past five years, has stopped making grants through its main foundation, citing the collapse of MF Global Holdings Inc., Reuters writes.

Bi-Lo agreed on Monday to buy a rival, Winn-Dixie Stores, for about $560 million, DealBook writes, uniting two supermarket operators that emerged from bankruptcy in recent years.

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