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Highland Capital Distressed-Investment Head Exits Firm
Patrick Daugherty, partner and head of distressed and private-equity investments at Highland Capital Management LP, is leaving the firm at the end of the month after 13 years.
Updated: 10/17/2011 01:57P
AP source: McCourts OK divorce deal; he gets team
The divorce case has been placed on hold until a bankruptcy court in Delaware determines the fate of the team. A hearing is scheduled for Wednesday and a judge will consider dueling motions over four days starting Oct. 31.
Updated: 10/17/2011 01:50P
Highland Capital distressed-investment head exits
Daugherty told Daily Bankruptcy Review that his departure from the Dallas-based firm, which has about $23 billion in assets under management, is on good terms but that it was time for him to seek other opportunities in the distressed market.
Updated: 10/17/2011 01:44P
McCourts reportedly reach settlement over Dodgers
Frank McCourt's plan to retain ownership of the team by selling the Dodgers' television rights in US Bankruptcy Court would be bolstered by having Jamie out of the way. Frank McCourt appears to have taken another step toward retaining ownership of the
Updated: 10/17/2011 01:44P
Monday Midday Must-Reads
"Here's what's good about American Airlines right now: It is the nation's only legacy carrier that has never declared bankruptcy, and chief executive Gerard Arpey seems to have almost religious objections to putting it and its parent company,
Updated: 10/17/2011 01:43P
Strike Divorce Settlement, Dodgers Still in Limbo
But insiders say far from a victory, Frank is probably going to lose the team, because at the end of the month a bankruptcy judge will decide if the Dodgers will go on the auction block. Insiders think the judge will force the sale -- which should
Updated: 10/17/2011 01:40P
Bankruptcy judge sets Harrisburg hearing date
HARRISBURG, Pa., Oct 17 (Reuters) - A US bankruptcy judge declined to rule immediately on Monday on the legality of Harrisburg, Pennsylvania's bankruptcy filing and set a hearing date for Nov. 23. Mary France, chief bankruptcy judge for the US
Updated: 10/17/2011 01:37P
Agreement clears path for judge to decide future of Dodgers
Frank McCourt has proposed to a Delaware court a sale of media rights to get the Dodgers out of bankruptcy. (AP) LOS ANGELES -- Frank and Jamie McCourt have reached a divorce settlement that gives Frank
Updated: 10/17/2011 01:36P
Wisp owners file for bankruptcy
MCHENRY, Md. - The owner of the Wisp ski resort in McHenry says it has filed for Chapter 11 bankruptcy protection. DC Development LLC said Sunday that its filing Saturday in US Bankruptcy Court in Greenbelt gives it some breathing room to seek new
Updated: 10/17/2011 01:35P
Madoff Feeder Fund Investors Seek Customer Status in Appeal
The investors, in a brief filed Oct. 14, asked US District Judge Denise Cote in New York to reverse a Bankruptcy Court ruling that blocks them from claiming a share of the $8.7 billion recovered so far by Madoff bankruptcy trustee Irving H. Picard.
Updated: 10/17/2011 01:35P
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