News Topic: Hedge Funds

Noah Breslow, who drew opposition from a hedge fund that wants the online small-business lender to pursue a new course, won 84% of the vote Tuesday. ... Read full article

New York financier Lynn Tilton arrives for an appeal hearing at the U.S. ... Read full article

Bloomberg Cash-starved oil-and-gas companies are getting a lot of mileage out of their assets these days. ... Read full article

Several of Relativity Media LLC’s largest creditors have joined together in a stalking horse bid for the Hollywood studio that would see the exit of its founder and chief executive, said people familiar with the matter. Anchorage Capital Group LLC, Luxor ... Read full article

Tony Gutierrez/Associated Press RadioShack is going back to basi ... Read full article

Associated Press A former Weil, Gotshal & Manges LLP litigator has emerged as a potential player in the drama surrounding the bankruptcy of Caesars Entertainment Corp. ... Read full article

The team unwinding Lehman Brothers Holdings Inc. boosted its estimate of how much cash it expects to bring in for creditors to $90.6 billion, buoyed primarily by a settlement with Lehman Brothers Bankhaus A.G., the German arm of Lehman’s ... Read full article

Caesars Entertainment Corp . may have violated federal law when it shuffled its casino assets, said a federal judge in a ruling that could complicate the casino company’s efforts to unload $18.4 billion in debts in a bankruptcy restructuring of its ... Read full article

Teen retailer Wet Seal  Inc. filed for Chapter 11 bankruptcy protection early Friday morning, hoping to salvage some of its stores using a financing offer from B. Riley Co. LLC, The Wall Street Journal reports . The filing followed warnings that Wet Seal ... Read full article

The leader of Bernard Madoff ’s broker-dealer business was sentenced to 10 years in prison on Monday for aiding one of the largest financial frauds in U.S. history with “his meticulous bookkeeping and averted eye,” reports WSJ . ... Read full article

The American Bankruptcy Institute unveiled its long-awaited Chapter 11 reforms Monday morning, which aim to help struggling businesses but also propose to take away perks for lenders who extend bankruptcy loans and to remove protections for some investors ... Read full article

While restructuring professionals have proposed some interesting changes to the bankruptcy code , it’s also striking what their 370-page report leaves out. Here are some hot topics in the bankruptcy world that  wouldn’t  be affected: Distressed-Debt ... Read full article

Teen clothing retailer Delia*s  Inc. will file for bankruptcy and shut down after it couldn’t find a merger partner or another source of money to survive after years of steady losses, The Wall Street Journal reports . The retailer’s shelves could start ... Read full article

A new legal settlement will bring in nearly $500 million for  Bernard Madoff   ’s cheated investors, putting their total recovery to date above $10 billion. Read  Jacqueline Palank’s Daily Bankruptcy Review story in The Wall Street Journal. ... Read full article

Next Monday at a law office in Wilmington, Del., vitamin maker Natrol Inc. will auction itself off. ICV Partners is offering approximately $90 million for Natrol, but other bidders can top that at the auction. The California company filed for Chapter 11 ... Read full article

Former Navy SEAL and author of the book “American Sniper”, Chris Kyle poses in Midlothian, Texas, in 2012, less than a yer before his death. Associated Press ... Read full article

Trump Entertainment As cash quickly runs out to keep Atlantic City’s Trump Taj Mahal Casino Resort open, a bankruptcy judge refused to sign off on the outlines of a bankruptcy-exit plan for owner Trump Enterta ... Read full article

Nortel Networks Corp. of Canada Tuesday attacked a $1 billion pact between its U.S. division and investment firms that bought debt after the former telecommunications powerhouse collapsed in bankruptcy in 2009. Read the Daily Bankruptcy Review story here ... Read full article