RadioShack Corp., the fallen electronics retailer that had $1 billion in debt when it filed for bankruptcy in February, won approval of a chapter 11 plan that will distribute liquidation proceeds to creditors. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Daiichi Chuo Kisen Kaisha plans to restructure $1.5 billion in a bankruptcy it filed in both New York and Tokyo and is the second bulk shipper to seek bankruptcy this month.Read the Daily Bankruptcy Review article via The Wall Street Journal.
A judge approved about $1.6 million in bonuses for some Relativity Media LLC employees, but the details will remain silent.Read the Daily Bankruptcy Review here.
Netflix Inc. has paid Relativity Media LLC $283 million in license fees since 2010 to use its films on its DVD-streaming service. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Quirky Inc., an invention startup, filed for chapter 11 bankruptcy on Tuesday, highlighting how tough it can be to successfully pick winners when it comes to consumer products and investment opportunities, Daily Bankruptcy Review reports via The Wall Street Journal.
Film studio Relativity Media LLC’s sale is facing some hurdles from affiliates of Elliott Management.Read the Daily Bankruptcy Review article via The Wall Street Journal.
Sever unnamed insiders at Great Atlantic & Pacific Tea Co. took in $9.4 million in bonuses and other extra payments in the year before the supermarket operator’s second bankruptcy filing.Read the Daily Bankruptcy Review article via The Wall Street Journal.
Global Maritime Investments Cyprus Ltd.’s bankruptcy filing is causing some snags for Harvard University’s endowment manager. Read the Daily Bankruptcy Review article via The Wall Street Journal.
