Daily Docket

With an upcoming release of examiner’s report, there may finally be an end in sight to the bankruptcy of Caesars En

Drilling rig operator Paragon Offshore PLC filed for bankruptcy protection Sunday with a turnaround plan in hand. The Wall Street Journal has the Daily Bankruptcy Review article here. The company, under stress from low oil prices, is looking to reduce its debt by $1.1 billion.

The shell of mobile accessory maker Targus has filed for chapter 11 protection to help settle its final affairs. The Wall Street Journal has the Daily Bankruptcy Review article here.

Billing rates at big corporate law firms have reached a new mark: $1,500 per hour, despite low inflation and weak demand. The Wall Street Journal has the Daily Bankruptcy Review article here, but don’t forget to check out a supplementary piece on bankruptcy providing a window into billing practices.

A judge rejected a request to have a trustee oversee the bankruptcy case of KaloBios Pharmaceuticals Inc., which fired Chief Executive Martin Shkreli after he was arrested on securities-fraud charges. The Wall Street Journal has the Daily Bankruptcy Review article here.