Settlement talks may be in the works as the long-running trial over Nortel Networks Corp.'s billions winds to a close. The Wall Street Journal has the Daily Bankruptcy Review article here.
Children’s product designer and distributor Kid Brands Inc. filed for Chapter 11 bankruptcy Wednesday after several companies terminated licensing agreements and suppliers refused to ship goods. Read the Daily Bankruptcy Review article here.
The trust in charge of overseeing Residential Capital LLC’s liquidation is trying to make the former mortgage servicer’s expensive bankruptcy case a little cheaper. Read the Daily Bankruptcy Review article here.
LightSquared burned through $59.1 million in May, bringing its total losses to $1.41 billion since Phil Falcone ’s wireless venture filed for bankruptcy in May 2012. Read the Daily Bankruptcy Review article here.
