Daily Docket

Pharma Company KaloBios Still Looking to Buy Chagas Disease Drug

02/04/16

KaloBios Pharmaceuticals Inc., the company that fired ex-Chief Executive Martin Shkreli after he was arrested for securities fraud, is still in talks to buy a drug that treats Chagas disease. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Natural-Gas Company Peregrine Midstream Enters Chapter 11

02/03/16

Natural-gas company Peregrine Midstream Partners LLC filed for chapter 11 protection a few months before a new facility was set to be completed. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Zinc Producer Horsehead Holding Files for Chapter 11

02/02/16

Zinc producer Horsehead Holdings Corp. filed for chapter 11 Tuesday because of weak demand for base metals and low commodities prices. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Brokerage Firm RCS Capital Enters Bankruptcy

02/01/16

New York-based brokerage firm RCS Capital Corp. filed for bankruptcy with nearly $2 billion in debt. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Surfwear Retailer Quiksilver Approved to Leave Bankruptcy

01/29/16

California surfwear and skatewear retailer Quiksilver Inc. won court approval to leave chapter 11 protection. The Wall Street Journal has the Daily Bankruptcy Review article here. The plan will restructure some $800 million in debt for the company, which could exit bankruptcy as soon as next week.

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Paper Maker Verso Wins Support for Balance-Sheet Restructuring

01/28/16

Paper maker Verso Corp. won support from creditors for a balance-sheet restructuring and also won interim approval for up to $775 million in bankruptcy financing. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Interim CEO of Samson Resources to Depart in February

01/27/16

Samson Resources Corp.’s interim chief executive is stepping down next month, Daily Bankruptcy Review reports via The Wall Street Journal.

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Paper Company Verso Files for Chapter 11 Bankruptcy

01/26/16

Paper maker Verso Corp. filed for chapter 11 bankruptcy after skipping debt payments, battered by weakening demand. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Accident Claims, Competition From Uber Push San Francisco’s Biggest Cab Company Into Bankrputcy

01/25/16

The operator of San Francisco’s biggest cab company filed for bankruptcy protection Friday, overcome by fewer riders, accident claims and liabilities and competition from Uber. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Plaintiff Encouraged to Drop First GM Ignition-Switch Suit

01/22/16

A judge is encouraging lawyers to drop the first of a series of ignition switch defect lawsuits against General Motors Co. because of the plaintiff’s alleged fraud. The Wall Street Journal has the Daily Bankruptcy Review article here.

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