The Daily Docket: Tribune Says Appeal Could Cost $1.5B

Tribune Co. has put a price tag on the damage that it says would be caused if its exit from Chapter 11 is delayed while unhappy creditors appeal its bankruptcy-exit plan: at least $1.5 billion and perhaps as much as $3 billion. Read the Daily Bankruptcy Review article here.

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According to The Wall Street Journal, the union president for American Airlines’ pilot union resigned amid the union’s rejection of a contract offered by parent AMR Corp.

Newly released emails show Secretary of Energy Steven Chu fought opposition last year from Obama advisers to make sure Solyndra LLC got government funding, WSJ reports.

Legal challenges in Stockton, Calif.’s bankruptcy case might affect how struggling cities and counties deal with retiree benefits, WSJ reports.

According to the Financial Times (sub. req.), Moody’s in the second quarter made more municipal downgrades than in any quarter over the past decade.

According to Reuters, credit-ratings company Fitch said that Syracuse, N.Y., asked for a legal opinion on bankruptcy but that credit factors don’t suggest the city plan to file anytime soon.

According to WSJ, regulators shared a list of 300 money-market funds that got bailouts from parent companies with lawmakers.

According to Reuters, a ruling in Sentinel Management Group Inc.’s case might make it harder for customers to get back money lost in MF Global Holdings Ltd.’s collapse.

Bloomberg reports that Bank of New York Mellon Corp. won a ruling saying it’s entitled to a $312 million lien on Sentinel’s holdings.

New York City’s upscale Barolo Italian restaurant has filed for bankruptcy protection, Crain’s New York Business reports.

China Real Time Report looks at auto-parts maker Wanxiang’s bid to buy car-battery maker A123 Systems.

Nortel Networks Inc. is wrapping up its bankruptcy, the Canadian Press reports.

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