Daily Docket

Bankruptcy Judge Gives Bloombeg Time to Fight Molycorp Disclosures

01/21/16

Bloomberg LP won more time to mount a challenge to a judge’s order for dozens of bankruptcy professionals to disclose conversations with the company over rare-earths miner Molycorp Inc. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Bloomberg Challenges Judge’s Order on Molycorp Disclosures

01/20/16

Bloomberg LP is contesting a judge’s order for dozens of bankruptcy professionals to make sworn statements over their conversations with the media company over rare-earths miner Molycorp Inc. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Primorsk International Enters Bankruptcy Restructure Debt

01/19/16

Arctic oil shipper Primorsk International Shipping Ltd. filed for chapter 11 protection with a deal with bondholders in hand. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Vantage Drilling Wins Bankruptcy Plan Confirmation

01/15/16

Vantage Drilling won confirmation of its chapter 11 bankruptcy-exit plan. Read the Daily Bankruptcy Review article here. The plan will decrease its debt and get it ready to compete in a tougher market than ever.

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Judge Rules NYC Taxi King Illegally Transferred Real Estate

01/14/16

New York City taxi king Evgeny “Gene” Freidman illegally transferred more than $60 million worth of real estate into offshore accounts so ex-lender Citibank NA wouldn’t be able to access it, a judge ruled. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Arch Coal Bankruptcy Has Citizens Groups Worried About Cleanup

01/13/16

Arch Coal Inc.’s bankruptcy filing has some citizens groups are worried about its ability to clean up pollution at its Wyoming mines, Daily Bankruptcy Review reports via The Wall Street Journal.

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Gun Maker Colt Comes Closer to Leaving Bankruptcy

01/12/16

Colt Defense LLC is closer to leaving bankruptcy protection after making changes to its chapter 11 plan that account for a smaller equity commitment from its private-equity owner, Sciens Capital Management. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Arch Coal Looks to Cut $4.5 Billion in Debt Under Chapter 11 Protection

01/11/16

Arch Coal Inc., one of the biggest coal companies in the U.S., filed for chapter 11 protection with to cut $4.5 billion in debt; the coal producer has suffered less demand and falling prices. The Wall Street Journal has the Daily Bankruptcy Review article here.

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American Apparel Former CEO Dov Charney Makes Bid for Company

01/08/16

Dov Charney, the ousted chief executive of retailer American Apparel Inc., found an investor to back a $200 million rival bid for the company. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Caesars Entertainment Has Two More Bondholder Suits Going to Trial

01/07/16

A judge ruled that two bondholder lawsuits against Caesars Entertainment Corp. over deals that involve its unit in bankruptcy must go to trial. The Wall Street Journal has the Daily Bankruptcy Review article here.

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