Daily Docket

Grail Semiconductor Files for Chapter 11 Bankruptcy

01/06/16

Invention company Grail Semiconductor Inc. filed for chapter 11 bankruptcy protection more than a decade after accusing a Mitsubishi affiliate of stealing one of its designs. Read the Daily Bankruptcy Review article here.

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Bernard Madoff Trustee Picard Settles With Investor for $25 Million

01/05/16

Bernard Madoff trustee Irving Picard made a $25 million settlement with investor Vizcaya Partners Ltd. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Swift Energy Files for Chapter 11 Bankruptcy

01/04/16

Swift Energy Co. filed for bankruptcy in the last hours of 2015, capping months of struggles to address more than $1.2 billion in debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Greg Norman Hedge Fund Bids on Nabi Maker Fuhu

12/31/15

Great White Shark Opportunity Fund LP, a hedge fund founded by Austrlian golf star Greg Norman, made an 11th-hour bid Wednesday for Fuhu, the producer of the Nabi kids tablet. The $10 million bid beats an offer from children’s toy giant Mattel Inc. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Martin Shkreli-Linked KaloBios Enters Chapter 11

12/30/15

KaloBios Pharmaceuticals Inc., a company that recently fired Martin Shkreli as chief executive, filed for chapter 11 protection. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Molycorp Warns of Unpaid Debts if Pushed to Liquidate

12/29/15

Rare-earths miner Molycorp Inc. is pushing for a trimmed-down company that can exit chapter 11 bankruptcy rather than being pushed into a liquidation, saying it would be worth more in the former scenario. The Wall Street Journal has the Daily Bankruptcy Review article here.

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San Bernardino’s Chapter 9 Plan Rejected

12/28/15

A bankruptcy judge last week rejected San Bernardino, Calif.’s plan to leave chapter 9 bankruptcy. The plan proposes to repay a fraction of the city’s debt instead of raising taxes. The Wall Street Journal has the Daily Bankruptcy Review article here.

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No More Rdio Silence as Pandora Wins Approval to Buy Streaming-Music Company

12/24/15

Pandora Media Inc. won approval to buy the assets of fallen streaming-music company Rdio Inc. for $75 million. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Columbia House Wants to Return to Vinyl Roots

12/23/15

Former mail-order music giant Columbia House, whose only sales now belong to a flailing DVD business, wants to return to its vinyl roots. The Wall Street Journal has the Daily Bankruptcy Review article here.

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RoomStore Takes Third Trip Through Chapter 11 Bankruptcy

12/22/15

Furniture company RoomStore Inc. filed for chapter 11 bankruptcy protection for the third time since the year 2000. Read the Daily Bankruptcy Review article here.

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