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Sinclair-owned Diamond Sports Group files for bankruptcy protection
Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection.
City Homes bankruptcy will not stop lead suits for long
City Homes Inc.’s filing for bankruptcy protection last week will not stop the more than 70 pending lead-paint-poisoning claims against the Baltimore landlord, plaintiffs’ attorneys said.
Once-mighty Motor City files for bankruptcy
DETROIT — Once the very symbol of American industrial might, Detroit became the biggest U.S. city to file for bankruptcy Thursday, its finances ravaged and its neighborhoods hollowed out by a long, slow decline in population and auto manufacturing. The filing, which had been feared for months, put the city on an uncertain path that […]
Fed. appeals court rejects Tribune creditor case
A federal appeals court in Philadelphia has refused to accept a case from creditors unhappy with Tribune Co.’s plan to exit bankruptcy protection. On Monday, the court rejected an emergency motion from Aurelius Capital Management, which holds Tribune notes and spearheaded opposition to Tribune’s plan. Last month, a bankruptcy judge in Delaware required Aurelius and […]
Eastman Kodak loss widens in 2Q
NEW YORK — Eastman Kodak Co. said Friday its second-quarter loss widened as revenue fell while it reorganized under bankruptcy protection. The Rochester, N.Y.-based company filed for bankruptcy protection in January. It hopes to emerge from bankruptcy protection a leaner and more profitable company in 2013. Its loss for the April to June quarter totaled […]
Auction firm sues lawyers claiming breach of contract
Alex Cooper Auctioneers Inc. is suing a soon-to-close law firm it worked with on a number of foreclosure sales, claiming the attorneys failed to pay for hundreds of thousands of dollars in expenses.
Tribune bankruptcy case likely to extend to summer
WILMINGTON, Del. — Media company Tribune Co. likely won’t emerge from bankruptcy protection until at least this summer. Tribune, which has been under Chapter 11 protection for three years, had hoped to end the case this year. But in October, U.S. Bankruptcy Judge Kevin Carey in Wilmington, Del., rejected the company’s plan to reorganize its […]
Wisp ski resort owners file for bankruptcy
MCHENRY — The owner of the Wisp ski resort in McHenry says it has filed for Chapter 11 bankruptcy protection. D.C. Development LLC said Sunday that its filing Saturday in U.S. Bankruptcy Court in Greenbelt gives it some breathing room to seek new investors during its reorganization. The filing stems from the partners’ alleged default […]
Tribune Co. seeks approval of bankruptcy plan
WILMINGTON, Del. — Tribune Co. and some of its creditors are seeking a judge’s approval of a plan that would allow the company to emerge from bankruptcy protection. A separate group of creditors who oppose the plan say that it would hamper attempts to sue former Tribune Co. shareholders who benefited from a buyout that […]
Dish Network acquiring Blockbuster for $228M
NEW YORK — Dish Network Corp. said Wednesday that it won the auction for Blockbuster Inc. with a bid valued at $228 million in cash. As of Tuesday, the satellite TV company, billionaire investor Carl Icahn and a group of debt holders were the three remaining bidders for the Dallas movie-rental chain, which filed for […]
Borders files for Ch. 11 bankruptcy protection
NEW YORK — Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Tuesday, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry. The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the […]
