Washington Mutual Inc. ’s official shareholders’ committee followed up on a suggestion made by the bankruptcy judge and filed another request for an examiner to investigate the merits of a proposed settlement with the Federal Deposit Insurance Corp. and JPMorgan Chase & Co.
The Chapter 11 cases for units of Truvo Luxemburg Sarl, a Belgium-based publisher of directories, may test whether a U.S. bankruptcy court can or should eliminate debt on European companies that aren’t in bankruptcy in the U.S. or abroad.
Blockbuster Inc. , the movie rental chain, received interim approval from a bankruptcy judge yesterday for $45 million in financing from a promised loan that will grow to $125 million at the final hearing on Oct. 19.
Midland Loan Services Inc., the special servicer for $825 million in fixed-rate mortgages on property of Innkeepers USA Trust , filed papers on Feb. 1 objecting to the request by LNR Securities Holdings LLC and Appaloosa Management LP for the right to oppose the newly proposed Innkeepers reorganization structure.
Nortel Networks Corp. , once North America’s largest communications equipment provider, wants a bankruptcy judge to settle a dispute over Avaya Inc. ’s $915 million purchase of the corporate networks business that was completed last year.
The creditors’ committee for old General Motors Corp. will face off in bankruptcy court on Oct. 21 against the U.S. Treasury Department over the question of who is entitled to the fruits of $1.5 billion in lawsuits that the committee intends to bring.