The Daily Docket: W.R. Grace Lenders Push For $1 Billion-Plus Payout

W.R. Grace & Co. lenders say a Philadelphia federal judge risks setting up a clash with the New York courts if he lets the specialty-chemical company exit bankruptcy without handing over an additional $140 million to them. Read the Daily Bankruptcy Review story here.

The founders of Yellowstone Club and Tamarack Resort—luxury ski and golf resorts out West—have joined a pending lawsuit accusing Credit Suisse AG and Cushman & Wakefield of conspiring to load such resorts up with debt and then profit from their distress. 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.)

Last-ditch talks to save a few dozen of Borders Group Inc. stores collapsed, increasing the odds that those outlets will meet their demise along with the rest of the bookstore chain. Read The Wall street Journal story here.

Jefferson County, Alabama officials will meet Thursday to discuss options for the debt-laden county, including the possibility of filing what would be the largest municipal bankruptcy in history, the county’s commission president told Dow Jones Newswires.

Chrysler Group LLC freed itself of government ownership in the second quarter but continued to struggle with profitability, WSJ reports.

The judge in the Philadelphia Orchestra Association’s bankruptcy case has handed down a compromise in the clash between management and the musicians’ union over the scope of an investigation of the association’s endowment and finances, the Philadelphia Inquirer reports.