A bankruptcy judge has cleared the way for victims of tainted injections that caused a 2012 meningitis outbreak in the U.S. to begin receiving money from a $200 million trust fund created for their benefit. Read the Daily Bankruptcy Review article here.
MF Global Holdings Ltd. investors are seeking final approval of a $74 million settlement stemming from their lawsuit against several financial institutions. The Wall Street Journal has the Daily Bankruptcy Review article here.
The bankrupt southern California city of San Bernardino is looking to exit court protection with a plan that pays some bondholders a penny on the dollar but maintains pension benefits for retired city workers. Read the Daily Bankruptcy Review article here.
Patriot Coal Corp. is in “active negotiations” with an unnamed strategic buyer, hoping for a deal to aid it out of bankruptcy. The Wall Street Journal has the Daily Bankruptcy Review article here.
Colorado oil company American Eagle Energy Corp. has filed for chapter 11 bankruptcy protection after missing an interest payment to bondholders. The Wall Street Journal has the Daily Bankruptcy Review article here.
Federal bankruptcy watchdogs have asked that an independent examiner be appointed to oversee spending in the bankruptcy of GT Advanced Technologies Inc. The Wall Street Journal has the Daily Bankruptcy Review article here.
