A judge approved a settlement between the trustee in charge of Jeffrey Soffer’s failed Fontainebleau Las Vegas casino project and the company’s former directors and officers that will put millions in creditors’ pockets. The Wall Street Journal has the Daily Bankruptcy Review article here.
A federal appeals court in New York on Wednesday said a paperwork mistake rendered a $1.5 billion bank loan made years ago to struggling General Motors Co.
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 largest unit, The Wall Street Journal reports.
A bankruptcy judge on Monday approved the sale of Atlantic City, N.J.’s Revel Casino Hotel to Florida real-estate developer Glenn Straub for $95.4 million, after Mr.
Nearly $600 million worth of settlements to benefit victims of Bernard Madoff’s massive Ponzi scheme on Wednesday won the blessing of a bankruptcy judge. The Wall Street Journal has the Daily Bankruptcy Review article here.
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 emptying as early as Friday in going-out-of-business sales.
A general view of the Ponte Vecchio Bridge at Ravella at Lake Las Vegas, a Dolce Hotel & Resort, during the hotel’s grand opening February 11, 2011 in Henderson, Nev.
