Los Angeles Dodgers have filed for Chapter 11 bankruptcy in an effort to buy some time to complete a television-rights deal and ward off creditors.
The Dodgers listed assets between $500 million and $1 billion and debt of as much as $500 million (although the front page of the petition shows liabilities...
Series as exciting as any in memory ended two weeks ago. Notwithstanding
the end of the season, the Los Angeles Dodgers' chapter 11 case offered the
promise of more baseball-related thrills. Dodger's owner Frank McCourt and
Major League Baseball ("MLB") Commissioner Bud...