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Bankruptcy

Jul. 1, 2011

Dodgers Lawyer Seeks to Keep Requested Financing

Despite Major League Baseball's proposed lower interest rate, lawyer Bruce Bennett said Wednesday that the Dodgers will continue to push for its Highbridge debtor-in-possession financing


By Casey Sullivan


Daily Journal Staff Writer


Bankruptcy specialist Bruce Bennett of Dewey & LeBoeuf LLP claimed victory for the Los Angeles Dodgers in Delaware court on Tuesday when a federal judge approved the team's request to use a $150 million loan to keep the ball club afloat amid financial setbacks.


U.S. Bankruptcy Court Judge Kevin Gross approved the Dodgers' use of $60 million in financing from Highbridge Principal Strate...

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