The Daily Docket: Union Warns of Saab Bankruptcy

Swedish auto maker Saab Automobile AB could be forced into bankruptcy over unpaid wages by the end of this week, The Wall Street Journal reports.

A California developer that owns an ocean-view San Clemente property once slated to be the home of Richard Nixon’s presidential library is trying to move ahead with building a luxury mall on the site during the bitter bankruptcy fight between land developer SunCal and Lehman Brothers Holdings Inc. Read the Daily Bankruptcy Review story here.

HFZ Capital Group is in talks with its rivals for control of the One Madison Park condominium tower and could reach a deal with Related Cos. and Amalgamated Bank within weeks, attorneys told a bankruptcy judge Friday. Read the Daily Bankruptcy Review Small Cap story here.

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Meetings in New York last week between Jefferson County, Ala., commissioners and creditors were productive, WSJ reports, as the two parties strive to avert what would be the largest municipal bankruptcy in U.S. history.

German Chancellor Angela Merkel on Sunday continued to reject both bilateral collateral deals in return for further aid for Greece and common bonds for the euro zone, even as squabbling within her center-right coalition over Germany’s European policy intensified, says WSJ.

Pennsylvania Governor Tom Corbett won’t bail out Harrisburg if its City Council rejects Mayor Linda Thompson’s fiscal-recovery plan, reports Bloomberg.

Creditors of Mexican glassmaker Vitro said they will appeal a recent ruling that would let the company vote on its restructuring terms—putting Vitro itself ahead of other creditors, reports Reuters.