Rochelle on Dynegy, Kodak, Nebraska Book, Hostess Brands: Audio
The examiner's report that derailed the reorganization of Dynegy Inc. (DYN) is also likely to spawn lawsuits, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle explains why the bond market is flashing a signal that shareholders of Eastman Kodak Co. aren't likely to succeed in convincing the bankruptcy judge to appoint an official committee representing stockholders. The new plan proposed by Nebraska Book Co. could spark disputes between second-lien noteholders and creditors with subordinated debt. The podcast wraps up with discussion of reasons why the chief executive of Hostess Brands Inc. might have resigned abruptly.
Running time 14:16