By Melanie Cohen
With control of its bankruptcy case gone,?LightSquared?said it expects multiple proposals to reorganize the company and hopes to have any winning plan approved by December. Read the Daily Bankruptcy Review article here.
Exide Technologies Inc. has reached a deal with its official creditors committee to ease court approval of a $500 million bankruptcy loan but still faces opposition from regulators who say the deal is a danger to the public. Click here for the DBR article.
Rotech Healthcare Inc. has secured $357.5 million in financing that will fund the company?s exit from Chapter 11. The DBR Small Cap article is available here.
(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, visit our homepage, scroll to the bottom and click ?try for free.?)
Brooklyn, N.Y., hospital Interfaith Medical Center is in danger of closing, The Wall Street Journal reports.
According to WSJ, Detroit city unions are protesting cuts to worker benefits but are facing an uphill battle.
Hedge funds have been lending money to struggling companies in hopes of profiting, WSJ reports.
California-based grocer Mi Pueblo filed for bankruptcy protection, the San Jose Mercury News reports.
The city of Wyoming, Mich., isn?t having trouble selling debt days after Detroit?s bankruptcy filing, WSJ reports.
Pepper Hamilton is the latest law firm coming to represent Detroit in its Chapter 9 bankruptcy case, the Am Law Daily reports.
Law professor Stephen Lubben talks more about Detroit?s bankruptcy via DealBook.
The Wilmington, Del., bankruptcy court is getting another judge to help handle the court?s large number of cases, Bloomberg reports.
CIT Group Inc. posted a profit that beat estimates, Reuters reports.
Write to Melanie Cohen at melanie.cohen@dowjones.com. Follow her on?Twitter at @MelanieLisa.
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