Daily Docket

Pandora to Buy Assets of Music Service Rdio

11/17/15

Popular music-streaming company Pandora Media Inc. plans to pay $75 million for the assets of Spotify competitor Rdio, which filed for bankruptcy Monday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Ernst & Young Found Negligent, Liable for Losses of Madoff Investor

11/16/15

Ernst & Young is liable for millions of dollars in losses that investment firm FutureSelect Portfolio Management endured from the collapse of Bernard Madoff’s Ponzi scheme, a jury found Friday. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Energy Future’s Bankruptcy Plan Wins Backing From Fidelity

11/13/15

Fidelity Management & Research said Thursday it would back Energy Future Holdings Corp.’s chapter 11 bankruptcy plan, a big step for the case. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Justice Department Watchdog, Creditors Look to Delay Caesars Restructuring

11/12/15

A Justice Department watchdog and several creditors of Caesars Entertainment Operating Co. want to delay the casino unit’s restructuring. Read the Daily Bankruptcy Review article here.

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Drug-Testing Lab Millennium Enters Bankruptcy

11/11/15

Drug-testing laboratory Millennium Health LLC filed for chapter 11 protection a month after agreeing to settle allegations of billing the federal government for unnecessary tests.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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GM Could Face Punitive Damages on Ignition-Switch Lawsuits

11/10/15

A bankruptcy judge said General Motors Co. can face punitive damages on defective ignition switch lawsuits in certain circumstances.Read the Daily Bankruptcy Review article via The Wall Street Journal.

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NextEra Circles Oncor as Energy Future Pursues Sale

11/09/15

Florida-based NextEra Energy Inc. is circling Energy Future Holdings Corp. as it tries to implement its $42 billion debt-repayment plan.Read the Daily Bankruptcy Review article here.

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Walter Energy Heads to Auction With $1.25 Billion Bid

11/06/15

Coal producer Walter Energy, Inc. is headed to a January bankruptcy auction with an offer from senior lenders to cancel or take on $1.25 billion of the company’s debts to set a floor price for the competition, Read the Daily Bankruptcy Review story in The Wall Street Journal.

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