Daily Docket

Magnetation Files for Bankruptcy After Reaching Deal With Bondholders

05/06/15

Magnetation LLC, a Minnesota mining company, filed for chapter 11 bankruptcy protection Tuesday after reaching a restructuring deal with senior bondholders owed $425 million. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Homeowner’s Bankruptcy Appeal Denied by Supreme Court

05/05/15
Joshua Roberts/Reuters

The U.S. Supreme Court Monday ruled that a homeowner who failed to win confirmation of his bankruptcy-exit plan can’t immediately appeal the decision.

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Corinthian Colleges Files for Chapter 11

05/04/15
A person walks past the Everett Institute in 2014. Corinthian Colleges Inc. on Monday filed for chapter 11 protection in U.S.
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Endeavour International Looks for Buyer of U.S. Operations

05/01/15

Oil and gas developer Endeavour International Corp. couldn’t reassemble the pieces of a restructuring pact shattered by diving oil prices, so it is looking for a buyer of its U.S. operations. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Caesars Examiner Close to Deal on Creditors’ Investigation

04/30/15
Caesars Entertainment Corp.’s Caesars Palace casino stands in Las Vegas.
Bloomberg News

The independent examiner inCaesars Entertainment Operating Co.

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Oncor Sale May Offer a Way Out for Former TXU

04/29/15
A stream of workers leave the TXU Monticello Steam Electric Station power plant near Mount Pleasant, Texas, on February 26, 2007.
Reuters

A year into one

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Endeavour International Looks to Ward Off Lawsuit

04/28/15

Oil and gas developer Endeavour International Corp. is attempting to swat away accusations from unsecured creditors seeking to sue over allegedly improper prebankruptcy financial maneuvers. Read the Daily Bankruptcy Review article here.

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Altegrity Executives Got Payout Before Firm’s Bankruptcy

04/27/15

Newly released court records show that Altegrity Inc., a company linked to some notable U.S. security stumbles of recent years, shelled out $25.7 million to top executives the year before it filed for bankruptcy protection. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Lehman Brothers Says Former Top Trader Seeking ‘Double Recovery’

04/23/15

Lehman Brothers on Wednesday said former top trader Jonathan Hoffman is seeking “double recovery” on his bonus from 2008, in day one of a trial over whether Lehman owes Mr. Hoffman and three other employees millions in back bonuses. The Wall Street Journal has the Daily Bankruptcy Review article here.

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Anglo Irish Bank Liquidators Selling Boston’s Mandarin Hotel

04/22/15

The successor to Anglo Irish Bank Corp. is asking for a bankruptcy court-supervised auction of Boston’s Mandarin Hotel along with retail property that connects the Mandarin to the Prudential Center on Boston’s Back Bay, close by the Boston Marathon finish line.. Read the Daily Bankruptcy Review article here.

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