The Daily Docket: Trump Bids $170 Million For Doral

10/12/11

Donald Trump’s real estate company has signed an agreement to pay $170 million for the Doral Golf Resort and Spa out of bankruptcy. Read The Wall Street Journal story here.

The state of New Jersey is renewing its lawsuit against Ernst & Young LLP, accusing the accounting giant of helping Lehman Brothers Holdings Inc. disguise its true financial condition while the bank’s top brass pitched the state’s pension-fund manager to invest in Lehman stock and securities. Read the Daily Bankruptcy Review story here in the Journal.

Pizza chain Sbarro Inc. is one step closer to emerging from bankruptcy under the control of its first-lien lenders. Read the Daily Bankruptcy Review Small Cap story here.

(The 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 to DBR, click here. For DBR SC click here.)

Bruce Wasserstein’s ill-fated buyout of Harry & David Holdings Inc. still haunts the Oregon town that was home to the company, says Bloomberg.

The city of Harrisburg, Pennsylvania, facing a state takeover of its finances, filed for bankruptcy protection following a vote by the City Council, according to Bloomberg.

The Los Angeles Times reports Frank McCourt says Bud Selig, upset by divorce trial, bent his own rules to force McCourt out as the Dodgers owner.


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