By Marie Beaudette
John Paulson?s hedge fund has placed real-estate investment trust MSR Hotels & Resorts Inc., which recently sold a group of its affiliated resorts for $1.5 billion at bankruptcy sale, into Chapter 11 in a bid to stymie a multimillion-dollar lawsuit filed by Five Mile Capital Partners, Daily Bankruptcy Review reports.
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American Airlines parent AMR Corp. has reached a $24.9 million settlement with the Federal Aviation Administration over alleged safety and maintenance infractions, The Wall Street Journal reports.
Meanwhile, a bankruptcy judge Thursday cleared AMR to tap $3.25 billion in financing secured by its Latin American assets, money the American Airlines parent plans to use to exit Chapter 11 and complete its merger with US Airways Corp. , WSJ reports.
American Airlines is making a play for the Korean market, launching direct flights between the South Korean city of Incheon and its Dallas/Fort Worth hub, Korea Real Time reports.
In an interview with Dow Jones Newswires SoftBank Corp. Chief Executive Masayoshi Son said Sprint Nextel Corp. isn?t likely to let Clearwire Corp. file for Chapter 11 protection
Attorneys for Jefferson County, Ala., told a bankruptcy judge Thursday that they plan to pull the struggling county out of Chapter 9 protection by the end of the year, WSJ reports.
Pennsylvania flavored-water marketer Skinny Nutritional Corp. has filed for Chapter 11 bankruptcy protection, according to the Philadelphia Inquirer.
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Source: http://blogs.wsj.com/bankruptcy/2013/05/10/the-daily-docket-msr-enters-chapter-11-again/
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