The Daily Docket: U.S. Private Equity Firm Throws Saab a Lifeline

The owner of troubled car maker Saab Automobile, Swedish Automobile NV, said Thursday it has received an offer from U.S. private equity firm North Street Capital for funding of Saab. Read the Dow Jones Newswires story here in Daily Bankruptcy Review.

Jameson Inn, a chain of 103 budget hotels in the Southeast and Midwest, moved to thwart a planned foreclosure by creditor Colony Capital LLC by putting an affiliated entity into Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review Small Cap story here in The Wall Street Journal.

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A judge on Wednesday signed off on Lehman Brothers Holdings Inc.’s settlement with Bank of America Corp. and Merrill Lynch to reduce by more than $4 billion their derivatives claims against the liquidating investment bank. Read the Daily Bankruptcy Review story here in the Journal.

AMR Corp.’s top executive mounted a spirited defense of the company’s slow-moving turnaround plan Wednesday after the American Airlines parent swung to a third-quarter loss amid investor concerns, WSJ reports.

Despite Congress looking at whether corporate bankruptcy cases should be as clustered in New York and Delaware, the Delaware court rebuffed the government’s request for a trustee in the Solyndra bankruptcy, writes DealBook.

Pennsylvania Governor Tom Corbett plans to seize control of the finances of Harrisburg even as City Council members seek bankruptcy for the capital in an effort to ward off state action, reports Bloomberg.

Former New York Mets and Philadelphia Phillies outfielder Lenny Dykstra has changed his plea from not guilty to no contest on charges of auto theft and providing a false financial statement, the Associated Press reports.

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